A & S 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.
A & S DISTRIBUTION
Largest movements
- Receivables within one year -€292,716
down €292,716 (-83.6%), from €350,177 to €57,460
of which Other amounts receivable: -€290,065
- Deferred charges and accrued income +€48,681
up €48,681 (+1,015%), from €4,794 to €53,475
- Tangible fixed assets -€29,638
down €29,638 (-31.5%), from €94,031 to €64,393
of which Furniture and vehicles: -€29,638
- Other debts -€520,000
down €520,000 (-86.7%), from €600,000 to €80,000
- Reserves +€421,000
up €421,000 (+3,218%), from €13,084 to €434,084
of which Tax-exempt reserves: +€421,000
- Profit (loss) carried forward -€116,489
down €116,489 (-87.5%), from €133,149 to €16,659
- Current portion of long-term debt -€52,012
down €52,012 (-86.9%), from €59,850 to €7,838
- Tax, wage and social debts -€28,418
down €28,418 (-74.9%), from €37,934 to €9,517
- Gross operating margin +€11,765
up €11,765 (+2.1%), from €550,547 to €562,313
- Depreciation +€6,845
up €6,845 (+30.0%), from €22,793 to €29,638
- Taxes -€5,709
down €5,709 (-4.1%), from €138,451 to €132,743
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 | €972,066 | €700,759 | -€271,307 | -27.9% |
| Fixed assets | 21/28 | €94,048 | €64,410 | -€29,638 | -31.5% |
| Tangible fixed assets | 22/27 | €94,031 | €64,393 | -€29,638 | -31.5% |
| Furniture and vehicles | 24 | €94,031 | €64,393 | -€29,638 | -31.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €878,018 | €636,350 | -€241,668 | -27.5% |
| Amounts receivable within one year | 40/41 | €350,177 | €57,460 | -€292,716 | -83.6% |
| Trade receivables | 40 | €6,177 | €3,526 | -€2,651 | -42.9% |
| Other amounts receivable | 41 | €344,000 | €53,935 | -€290,065 | -84.3% |
| Cash at bank and in hand | 54/58 | €523,047 | €525,414 | +€2,367 | +0.5% |
| Deferred charges and accrued income | 490/1 | €4,794 | €53,475 | +€48,681 | +1,015% |
| Total equity and liabilities | 10/49 | €972,066 | €700,759 | -€271,307 | -27.9% |
| Equity | 10/15 | €271,232 | €575,743 | +€304,511 | +112% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €13,084 | €434,084 | +€421,000 | +3,218% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €421,000 | +€421,000 | |
| Distributable reserves | 133 | €584 | €584 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,149 | €16,659 | -€116,489 | -87.5% |
| Amounts payable | 17/49 | €700,834 | €125,016 | -€575,818 | -82.2% |
| Amounts payable after more than one year | 17 | €648 | €26,138 | +€25,490 | +3,931% |
| Other amounts payable | 178/9 | €648 | €26,138 | +€25,490 | +3,931% |
| Amounts payable within one year | 42/48 | €700,186 | €98,878 | -€601,307 | -85.9% |
| Current portion of amounts payable after more than one year | 42 | €59,850 | €7,838 | -€52,012 | -86.9% |
| Trade debts | 44 | €2,402 | €1,524 | -€878 | -36.6% |
| Suppliers | 440/4 | €2,402 | €1,524 | -€878 | -36.6% |
| Taxes, remuneration and social security | 45 | €37,934 | €9,517 | -€28,418 | -74.9% |
| Taxes | 450/3 | €37,934 | €9,517 | -€28,418 | -74.9% |
| Other amounts payable | 47/48 | €600,000 | €80,000 | -€520,000 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,793 | €29,638 | +€6,845 | +30.0% |
| Other operating charges | 640/8 | €4,428 | €6,214 | +€1,787 | +40.4% |
| Gross operating margin | 9900 | €550,547 | €562,313 | +€11,765 | +2.1% |
| Operating profit (loss) | 9901 | €523,327 | €526,460 | +€3,133 | +0.6% |
| Financial charges | 65/66B | €11,128 | €9,206 | -€1,922 | -17.3% |
| Recurring financial charges | 65 | €11,128 | €9,206 | -€1,922 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €512,199 | €517,254 | +€5,055 | +1.0% |
| Transfer to deferred taxes | 680 | - | €421,000 | +€421,000 | |
| Income taxes | 67/77 | €138,451 | €132,743 | -€5,709 | -4.1% |
| Profit (loss) for the period | 9904 | €373,747 | -€36,489 | -€410,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €373,747 | -€36,489 | -€410,236 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.