AAL DISTRIBUTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AAL DISTRIBUTION
Largest movements
- Cash -€59,680
down €59,680 (-25.9%), from €230,566 to €170,886
mainly Investment in fixed assets (net) (-€49,338) and Net result for the year (-€23,103)
- Tangible fixed assets +€31,180
up €31,180 (+22.3%), from €139,620 to €170,800
of which Furniture and vehicles: +€43,620
- Profit (loss) carried forward -€23,103
down €23,103 (-47.6%), from -€48,507 to -€71,610
- Depreciation +€4,571
up €4,571 (+33.6%), from €13,588 to €18,159
- Gross operating margin -€3,364
down €3,364 (-325.6%), from -€1,033 to -€4,397
- Financial income -€846
down €846 (-40.2%), from €2,104 to €1,257
- Other operating charges +€833
up €833 (+126.0%), from €661 to €1,493
- Staff costs -€184
no longer reported in 2025 (was €184)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,809 | €366,144 | -€26,666 | -6.8% |
| Fixed assets | 21/28 | €139,620 | €170,800 | +€31,180 | +22.3% |
| Tangible fixed assets | 22/27 | €139,620 | €170,800 | +€31,180 | +22.3% |
| Land and buildings | 22 | €109,091 | €103,636 | -€5,455 | -5.0% |
| Plant, machinery and equipment | 23 | €30,529 | €23,543 | -€6,986 | -22.9% |
| Furniture and vehicles | 24 | - | €43,620 | +€43,620 | |
| Current assets | 29/58 | €253,190 | €195,344 | -€57,846 | -22.8% |
| Amounts receivable within one year | 40/41 | €22,170 | €22,368 | +€198 | +0.9% |
| Other amounts receivable | 41 | €22,170 | €22,368 | +€198 | +0.9% |
| Cash at bank and in hand | 54/58 | €230,566 | €170,886 | -€59,680 | -25.9% |
| Deferred charges and accrued income | 490/1 | €454 | €2,090 | +€1,636 | +360.6% |
| Total equity and liabilities | 10/49 | €392,809 | €366,144 | -€26,666 | -6.8% |
| Equity | 10/15 | €389,170 | €366,067 | -€23,103 | -5.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Contributions outside capital | 11 | €150,000 | €150,000 | = | 0.0% |
| Other | 1109/19 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €287,677 | €287,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €272,677 | €272,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,507 | -€71,610 | -€23,103 | -47.6% |
| Amounts payable | 17/49 | €3,640 | €77 | -€3,563 | -97.9% |
| Amounts payable within one year | 42/48 | €3,618 | €77 | -€3,541 | -97.9% |
| Trade debts | 44 | - | €77 | +€77 | |
| Suppliers | 440/4 | - | €77 | +€77 | |
| Taxes, remuneration and social security | 45 | €3,292 | - | -€3,292 | |
| Taxes | 450/3 | €3,292 | - | -€3,292 | |
| Other amounts payable | 47/48 | €326 | - | -€326 | |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Remuneration, social security and pensions | 62 | €184 | - | -€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,588 | €18,159 | +€4,571 | +33.6% |
| Other operating charges | 640/8 | €661 | €1,493 | +€833 | +126.0% |
| Gross operating margin | 9900 | -€1,033 | -€4,397 | -€3,364 | -325.6% |
| Operating profit (loss) | 9901 | -€15,466 | -€24,049 | -€8,584 | -55.5% |
| Financial income | 75/76B | €2,104 | €1,257 | -€846 | -40.2% |
| Recurring financial income | 75 | €2,104 | €1,257 | -€846 | -40.2% |
| Financial charges | 65/66B | €490 | €311 | -€178 | -36.4% |
| Recurring financial charges | 65 | €490 | €311 | -€178 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,852 | -€23,103 | -€9,251 | -66.8% |
| Profit (loss) for the period | 9904 | -€13,852 | -€23,103 | -€9,251 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,852 | -€23,103 | -€9,251 | -66.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.