DAD DISTRIBUTION: what changed
Two fiscal 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.
DAD DISTRIBUTION
Largest movements
- Cash +€143,429
up €143,429 (+51.0%), from €281,341 to €424,770
mainly Net result for the year (+€213,737) and Trade debts (+€26,355)
- Receivables within one year +€95,602
up €95,602 (+1281.7%), from €7,459 to €103,061
- Stocks and contracts +€5,678
new in 2025: €5,678
- Profit (loss) carried forward +€202,555
no longer reported in 2025 (was -€202,555)
- Trade debts +€26,355
up €26,355 (+5.6%), from €472,805 to €499,160
- Reserves +€11,182
new in 2025: €11,182
- Gross operating margin +€43,095
up €43,095 (+27.2%), from €158,497 to €201,592
- Financial income +€6,046
up €6,046 (+52.9%), from €11,439 to €17,485
- Taxes +€4,618
new in 2025: €4,618
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 | €288,800 | €533,509 | +€244,709 | +84.7% |
| Current assets | 29/58 | €288,800 | €533,509 | +€244,709 | +84.7% |
| Stocks and contracts in progress | 3 | - | €5,678 | +€5,678 | |
| Stocks | 30/36 | - | €5,678 | +€5,678 | |
| Amounts receivable within one year | 40/41 | €7,459 | €103,061 | +€95,602 | +1281.7% |
| Other amounts receivable | 41 | €7,459 | €103,061 | +€95,602 | +1281.7% |
| Cash at bank and in hand | 54/58 | €281,341 | €424,770 | +€143,429 | +51.0% |
| Total equity and liabilities | 10/49 | €288,800 | €533,509 | +€244,709 | +84.7% |
| Equity | 10/15 | -€184,005 | €29,732 | +€213,737 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €11,182 | +€11,182 | |
| Distributable reserves | 133 | - | €11,182 | +€11,182 | |
| Profit (loss) carried forward | 14 | -€202,555 | - | +€202,555 | |
| Amounts payable | 17/49 | €472,805 | €503,777 | +€30,972 | +6.6% |
| Amounts payable within one year | 42/48 | €472,805 | €503,777 | +€30,972 | +6.6% |
| Trade debts | 44 | €472,805 | €499,160 | +€26,355 | +5.6% |
| Suppliers | 440/4 | €472,805 | €499,160 | +€26,355 | +5.6% |
| Taxes, remuneration and social security | 45 | - | €4,618 | +€4,618 | |
| Taxes | 450/3 | - | €4,618 | +€4,618 | |
| Non-recurring operating income | 76A | - | €10 | +€10 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €158,497 | €201,592 | +€43,095 | +27.2% |
| Operating profit (loss) | 9901 | €158,110 | €201,192 | +€43,082 | +27.2% |
| Financial income | 75/76B | €11,439 | €17,485 | +€6,046 | +52.9% |
| Recurring financial income | 75 | €11,439 | €17,485 | +€6,046 | +52.9% |
| Financial charges | 65/66B | €153 | €322 | +€169 | +110.8% |
| Recurring financial charges | 65 | €153 | €322 | +€169 | +110.8% |
| Profit (loss) for the period before taxes | 9903 | €169,396 | €218,355 | +€48,959 | +28.9% |
| Income taxes | 67/77 | - | €4,618 | +€4,618 | |
| Profit (loss) for the period | 9904 | €169,396 | €213,737 | +€44,341 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €169,396 | €213,737 | +€44,341 | +26.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.