ACDC 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.
ACDC DISTRIBUTION
Largest movements
- Tangible fixed assets +€41,945
up €41,945 (+68.6%), from €61,138 to €103,082
of which Furniture and vehicles: +€46,338
- Cash -€21,309
no longer reported in 2025 (was €21,309)
mainly Investment in fixed assets (net) (-€57,061) and Tax, wage and social debts (-€11,305)
- Receivables within one year -€17,773
down €17,773 (-7.0%), from €252,431 to €234,659
of which Other amounts receivable: -€26,757
- Stocks and contracts +€10,380
up €10,380 (+67.4%), from €15,398 to €25,778
- Other debts +€11,971
up €11,971 (+187.3%), from €6,392 to €18,363
- Tax, wage and social debts -€11,305
down €11,305 (-72.0%), from €15,707 to €4,402
of which Taxes: -€7,908
- Current portion of long-term debt +€8,914
up €8,914 (+27.1%), from €32,839 to €41,753
- Trade debts +€8,394
up €8,394 (+17.8%), from €47,182 to €55,576
- Debts after one year -€7,271
down €7,271 (-5.9%), from €122,390 to €115,119
- Depreciation +€9,717
up €9,717 (+180.0%), from €5,399 to €15,116
- Gross operating margin +€8,536
up €8,536 (+11.6%), from €73,373 to €81,908
- Financial charges +€3,697
up €3,697 (+41.3%), from €8,954 to €12,651
- Taxes -€3,198
down €3,198 (-96.6%), from €3,311 to €113
- Financial income -€949
down €949 (-39.1%), from €2,427 to €1,478
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 | €360,124 | €375,616 | +€15,492 | +4.3% |
| Fixed assets | 21/28 | €70,985 | €112,930 | +€41,945 | +59.1% |
| Tangible fixed assets | 22/27 | €61,138 | €103,082 | +€41,945 | +68.6% |
| Land and buildings | 22 | €59,710 | €55,534 | -€4,176 | -7.0% |
| Plant, machinery and equipment | 23 | €216 | - | -€216 | |
| Furniture and vehicles | 24 | €1,211 | €47,549 | +€46,338 | +3825.9% |
| Financial fixed assets | 28 | €9,847 | €9,847 | = | 0.0% |
| Current assets | 29/58 | €289,139 | €262,687 | -€26,452 | -9.1% |
| Stocks and contracts in progress | 3 | €15,398 | €25,778 | +€10,380 | +67.4% |
| Stocks | 30/36 | €15,398 | €25,778 | +€10,380 | +67.4% |
| Amounts receivable within one year | 40/41 | €252,431 | €234,659 | -€17,773 | -7.0% |
| Trade receivables | 40 | €79,410 | €88,394 | +€8,984 | +11.3% |
| Other amounts receivable | 41 | €173,021 | €146,264 | -€26,757 | -15.5% |
| Cash at bank and in hand | 54/58 | €21,309 | - | -€21,309 | |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €360,124 | €375,616 | +€15,492 | +4.3% |
| Equity | 10/15 | €128,177 | €132,967 | +€4,790 | +3.7% |
| Contributions | 10/11 | €71,044 | €71,044 | = | 0.0% |
| Reserves | 13 | €45,773 | €45,773 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,104 | €7,104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,104 | €7,104 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,668 | €23,668 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,360 | €16,150 | +€4,790 | +42.2% |
| Amounts payable | 17/49 | €231,947 | €242,649 | +€10,703 | +4.6% |
| Amounts payable after more than one year | 17 | €122,390 | €115,119 | -€7,271 | -5.9% |
| Financial debts | 170/4 | €122,390 | €115,119 | -€7,271 | -5.9% |
| Amounts payable within one year | 42/48 | €109,557 | €127,530 | +€17,974 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €32,839 | €41,753 | +€8,914 | +27.1% |
| Financial debts | 43 | €7,437 | €7,437 | = | 0.0% |
| Credit institutions | 430/8 | €7,437 | €7,437 | = | 0.0% |
| Trade debts | 44 | €47,182 | €55,576 | +€8,394 | +17.8% |
| Suppliers | 440/4 | €47,182 | €55,576 | +€8,394 | +17.8% |
| Taxes, remuneration and social security | 45 | €15,707 | €4,402 | -€11,305 | -72.0% |
| Taxes | 450/3 | €11,217 | €3,309 | -€7,908 | -70.5% |
| Remuneration and social security | 454/9 | €4,490 | €1,093 | -€3,397 | -75.7% |
| Other amounts payable | 47/48 | €6,392 | €18,363 | +€11,971 | +187.3% |
| Non-recurring operating income | 76A | - | €20,800 | +€20,800 | |
| Remuneration, social security and pensions | 62 | €46,539 | €47,254 | +€715 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,399 | €15,116 | +€9,717 | +180.0% |
| Other operating charges | 640/8 | €3,128 | €3,462 | +€334 | +10.7% |
| Gross operating margin | 9900 | €73,373 | €81,908 | +€8,536 | +11.6% |
| Operating profit (loss) | 9901 | €18,307 | €16,076 | -€2,232 | -12.2% |
| Financial income | 75/76B | €2,427 | €1,478 | -€949 | -39.1% |
| Recurring financial income | 75 | €2,427 | €1,478 | -€949 | -39.1% |
| Financial charges | 65/66B | €8,954 | €12,651 | +€3,697 | +41.3% |
| Recurring financial charges | 65 | €8,954 | €12,651 | +€3,697 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €11,781 | €4,903 | -€6,878 | -58.4% |
| Income taxes | 67/77 | €3,311 | €113 | -€3,198 | -96.6% |
| Profit (loss) for the period | 9904 | €8,469 | €4,790 | -€3,680 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,469 | €4,790 | -€3,680 | -43.4% |
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.