AL 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.
AL Distribution
Largest movements
- Stocks and contracts -€216,384
down €216,384 (-41.3%), from €523,622 to €307,239
- Receivables within one year +€157,364
up €157,364 (+70.5%), from €223,278 to €380,642
of which Other amounts receivable: +€117,047
- Tangible fixed assets -€143,427
down €143,427 (-36.4%), from €394,548 to €251,121
of which Other tangible fixed assets: -€142,930
- Cash +€27,989
up €27,989 (+9.2%), from €303,755 to €331,744
mainly Trade debts (+€787,699) and Stocks and contracts (+€216,384)
- Profit (loss) carried forward -€805,059
down €805,059 (-25.3%), from -€3.2m to -€4.0m
- Trade debts +€787,699
up €787,699 (+20.9%), from €3.8m to €4.6m
- Debts after one year -€176,016
down €176,016 (-30.6%), from €575,980 to €399,964
- Tax, wage and social debts +€24,327
up €24,327 (+99.7%), from €24,408 to €48,736
- Gross operating margin -€520,023
down €520,023, from €359,247 to -€160,776
- Financial charges +€114,216
up €114,216 (+72.9%), from €156,681 to €270,896
of which Financial charges: +€114,726
- Other operating charges -€71,865
down €71,865 (-73.8%), from €97,337 to €25,472
- Financial income +€54,990
up €54,990 (+421%), from €13,076 to €68,066
- Staff costs -€24,852
down €24,852 (-8.4%), from €296,268 to €271,416
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.
Derived cash bridge
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 | €1,448,394 | €1,282,084 | -€166,311 | -11.5% |
| Fixed assets | 21/28 | €394,911 | €257,456 | -€137,454 | -34.8% |
| Tangible fixed assets | 22/27 | €394,548 | €251,121 | -€143,427 | -36.4% |
| Furniture and vehicles | 24 | €1,450 | €953 | -€497 | -34.3% |
| Other tangible fixed assets | 26 | €393,098 | €250,168 | -€142,930 | -36.4% |
| Financial fixed assets | 28 | €363 | €6,335 | +€5,972 | +1,645% |
| Current assets | 29/58 | €1,053,484 | €1,024,627 | -€28,856 | -2.7% |
| Stocks and contracts in progress | 3 | €523,622 | €307,239 | -€216,384 | -41.3% |
| Stocks | 30/36 | €523,622 | €307,239 | -€216,384 | -41.3% |
| Amounts receivable within one year | 40/41 | €223,278 | €380,642 | +€157,364 | +70.5% |
| Trade receivables | 40 | €1,968 | €42,285 | +€40,317 | +2,049% |
| Other amounts receivable | 41 | €221,310 | €338,357 | +€117,047 | +52.9% |
| Cash at bank and in hand | 54/58 | €303,755 | €331,744 | +€27,989 | +9.2% |
| Deferred charges and accrued income | 490/1 | €2,829 | €5,004 | +€2,175 | +76.9% |
| Total equity and liabilities | 10/49 | €1,448,394 | €1,282,084 | -€166,311 | -11.5% |
| Equity | 10/15 | -€3,100,309 | -€3,905,368 | -€805,059 | -26.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,180,309 | -€3,985,368 | -€805,059 | -25.3% |
| Amounts payable | 17/49 | €4,548,704 | €5,187,452 | +€638,749 | +14.0% |
| Amounts payable after more than one year | 17 | €575,980 | €399,964 | -€176,016 | -30.6% |
| Financial debts | 170/4 | €575,980 | €399,964 | -€176,016 | -30.6% |
| Amounts payable within one year | 42/48 | €3,972,724 | €4,787,488 | +€814,764 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €173,273 | €176,016 | +€2,743 | +1.6% |
| Trade debts | 44 | €3,775,038 | €4,562,737 | +€787,699 | +20.9% |
| Suppliers | 440/4 | €3,775,038 | €4,562,737 | +€787,699 | +20.9% |
| Taxes, remuneration and social security | 45 | €24,408 | €48,736 | +€24,327 | +99.7% |
| Remuneration and social security | 454/9 | €24,408 | €48,736 | +€24,327 | +99.7% |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Non-recurring operating income | 76A | - | €4,039 | +€4,039 | |
| Remuneration, social security and pensions | 62 | €296,268 | €271,416 | -€24,852 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,427 | €143,427 | -€0 | 0.0% |
| Other operating charges | 640/8 | €97,337 | €25,472 | -€71,865 | -73.8% |
| Non-recurring operating charges | 66A | €43,823 | €1,138 | -€42,685 | -97.4% |
| Gross operating margin | 9900 | €359,247 | -€160,776 | -€520,023 | |
| Operating profit (loss) | 9901 | -€221,608 | -€602,229 | -€380,621 | -172% |
| Financial income | 75/76B | €13,076 | €68,066 | +€54,990 | +421% |
| Recurring financial income | 75 | €13,076 | €68,066 | +€54,990 | +421% |
| Financial charges | 65/66B | €156,681 | €270,896 | +€114,216 | +72.9% |
| Recurring financial charges | 65 | €156,681 | €271,407 | +€114,726 | +73.2% |
| Non-recurring financial charges | 66B | - | -€511 | -€511 | |
| Profit (loss) for the period before taxes | 9903 | -€365,213 | -€805,059 | -€439,846 | -120% |
| Profit (loss) for the period | 9904 | -€365,213 | -€805,059 | -€439,846 | -120% |
| Profit (loss) for the period to be appropriated | 9905 | -€365,213 | -€805,059 | -€439,846 | -120% |
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 14 October 2026 via checked.be.