AR DISTRIBUTION & TRADING GROUP: what changed
AR DISTRIBUTION & TRADING GROUP
Largest movements
- Cash -€34,230
down €34,230 (-72.9%), from €46,973 to €12,743
mainly Net result for the year (-€34,447) and Receivables within one year (-€12,666)
- Receivables within one year +€12,666
up €12,666 (+98.5%), from €12,859 to €25,525
of which Other amounts receivable: +€17,636
- Stocks and contracts +€11,736
up €11,736 (+290%), from €4,040 to €15,777
- Financial fixed assets +€10,000
new in 2025: €10,000
- Deferred charges and accrued income +€4,809
up €4,809 (+839%), from €573 to €5,382
- Other debts +€47,715
new in 2025: €47,715
- Profit (loss) carried forward -€34,447
down €34,447 (-350%), from -€9,856 to -€44,302
- Trade debts -€11,205
down €11,205 (-96.3%), from €11,631 to €426
- Tax, wage and social debts +€1,533
up €1,533 (+78.4%), from €1,956 to €3,489
- Financial income -€18,646
no longer reported in 2025 (was €18,646)
- Gross operating margin -€4,678
down €4,678 (-18.9%), from -€24,729 to -€29,408
- Other operating charges +€1,139
up €1,139 (+146%), from €783 to €1,922
- Financial charges -€580
down €580 (-30.1%), from €1,927 to €1,347
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,344 | €71,940 | +€3,596 | +5.3% |
| Fixed assets | 21/28 | €3,899 | €12,514 | +€8,615 | +221% |
| Tangible fixed assets | 22/27 | €3,899 | €2,514 | -€1,385 | -35.5% |
| Plant, machinery and equipment | 23 | €1,388 | €979 | -€409 | -29.5% |
| Furniture and vehicles | 24 | €2,511 | €1,535 | -€977 | -38.9% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €64,445 | €59,427 | -€5,019 | -7.8% |
| Stocks and contracts in progress | 3 | €4,040 | €15,777 | +€11,736 | +290% |
| Stocks | 30/36 | €4,040 | €15,777 | +€11,736 | +290% |
| Amounts receivable within one year | 40/41 | €12,859 | €25,525 | +€12,666 | +98.5% |
| Trade receivables | 40 | €10,568 | €5,598 | -€4,970 | -47.0% |
| Other amounts receivable | 41 | €2,291 | €19,927 | +€17,636 | +770% |
| Cash at bank and in hand | 54/58 | €46,973 | €12,743 | -€34,230 | -72.9% |
| Deferred charges and accrued income | 490/1 | €573 | €5,382 | +€4,809 | +839% |
| Total equity and liabilities | 10/49 | €68,344 | €71,940 | +€3,596 | +5.3% |
| Equity | 10/15 | €54,757 | €20,311 | -€34,447 | -62.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,613 | €54,613 | = | 0.0% |
| Distributable reserves | 133 | €54,613 | €54,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,856 | -€44,302 | -€34,447 | -350% |
| Amounts payable | 17/49 | €13,587 | €51,630 | +€38,042 | +280% |
| Amounts payable within one year | 42/48 | €13,587 | €51,630 | +€38,042 | +280% |
| Trade debts | 44 | €11,631 | €426 | -€11,205 | -96.3% |
| Suppliers | 440/4 | €11,631 | €426 | -€11,205 | -96.3% |
| Taxes, remuneration and social security | 45 | €1,956 | €3,489 | +€1,533 | +78.4% |
| Taxes | 450/3 | €1,956 | €3,489 | +€1,533 | +78.4% |
| Other amounts payable | 47/48 | - | €47,715 | +€47,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,385 | €1,385 | = | 0.0% |
| Other operating charges | 640/8 | €783 | €1,922 | +€1,139 | +146% |
| Gross operating margin | 9900 | -€24,729 | -€29,408 | -€4,678 | -18.9% |
| Operating profit (loss) | 9901 | -€26,897 | -€32,714 | -€5,817 | -21.6% |
| Financial income | 75/76B | €18,646 | - | -€18,646 | |
| Recurring financial income | 75 | €18,646 | - | -€18,646 | |
| Financial charges | 65/66B | €1,927 | €1,347 | -€580 | -30.1% |
| Recurring financial charges | 65 | €1,927 | €1,347 | -€580 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,179 | -€34,061 | -€23,883 | -235% |
| Income taxes | 67/77 | €128 | €385 | +€257 | +201% |
| Profit (loss) for the period | 9904 | -€10,307 | -€34,447 | -€24,140 | -234% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,307 | -€34,447 | -€24,140 | -234% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.