A&A: 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&A
Largest movements
- Receivables within one year -€82,801
down €82,801 (-48.3%), from €171,526 to €88,725
of which Trade receivables: -€114,876
- Cash +€53,919
up €53,919 (+671.1%), from €8,034 to €61,954
mainly Receivables within one year (+€82,801) and Net result for the year (+€51,618)
- Stocks and contracts -€7,618
down €7,618 (-19.2%), from €39,767 to €32,149
- Deferred charges and accrued income +€2,777
new in 2025: €2,777
- Trade debts -€84,095
down €84,095 (-54.8%), from €153,488 to €69,393
- Profit (loss) carried forward +€51,618
up €51,618 (+182.7%), from €28,251 to €79,869
- Tax, wage and social debts +€9,159
up €9,159 (+66.6%), from €13,744 to €22,903
of which Taxes: +€8,915
- Current portion of long-term debt -€7,000
no longer reported in 2025 (was €7,000)
- Other debts -€6,500
no longer reported in 2025 (was €6,500)
- Gross operating margin +€13,381
up €13,381 (+15.8%), from €84,473 to €97,854
- Staff costs +€8,029
up €8,029 (+43.1%), from €18,613 to €26,642
- Taxes +€4,376
up €4,376 (+38.2%), from €11,443 to €15,818
- Financial charges -€2,195
down €2,195 (-63.4%), from €3,462 to €1,268
- Other operating charges +€1,065
up €1,065 (+66.7%), from €1,596 to €2,661
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 | €220,822 | €186,241 | -€34,581 | -15.7% |
| Fixed assets | 21/28 | €1,495 | €637 | -€858 | -57.4% |
| Tangible fixed assets | 22/27 | €1,495 | €637 | -€858 | -57.4% |
| Furniture and vehicles | 24 | €1,495 | €637 | -€858 | -57.4% |
| Current assets | 29/58 | €219,327 | €185,604 | -€33,723 | -15.4% |
| Stocks and contracts in progress | 3 | €39,767 | €32,149 | -€7,618 | -19.2% |
| Stocks | 30/36 | €39,767 | €32,149 | -€7,618 | -19.2% |
| Amounts receivable within one year | 40/41 | €171,526 | €88,725 | -€82,801 | -48.3% |
| Trade receivables | 40 | €141,879 | €27,003 | -€114,876 | -81.0% |
| Other amounts receivable | 41 | €29,647 | €61,722 | +€32,074 | +108.2% |
| Cash at bank and in hand | 54/58 | €8,034 | €61,954 | +€53,919 | +671.1% |
| Deferred charges and accrued income | 490/1 | - | €2,777 | +€2,777 | |
| Total equity and liabilities | 10/49 | €220,822 | €186,241 | -€34,581 | -15.7% |
| Equity | 10/15 | €38,251 | €89,869 | +€51,618 | +134.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,251 | €79,869 | +€51,618 | +182.7% |
| Amounts payable | 17/49 | €182,572 | €96,372 | -€86,199 | -47.2% |
| Amounts payable within one year | 42/48 | €180,733 | €92,296 | -€88,437 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | - | -€7,000 | |
| Trade debts | 44 | €153,488 | €69,393 | -€84,095 | -54.8% |
| Suppliers | 440/4 | €153,488 | €69,393 | -€84,095 | -54.8% |
| Taxes, remuneration and social security | 45 | €13,744 | €22,903 | +€9,159 | +66.6% |
| Taxes | 450/3 | €12,659 | €21,573 | +€8,915 | +70.4% |
| Remuneration and social security | 454/9 | €1,086 | €1,329 | +€244 | +22.4% |
| Other amounts payable | 47/48 | €6,500 | - | -€6,500 | |
| Accrued charges and deferred income | 492/3 | €1,839 | €4,076 | +€2,237 | +121.7% |
| Remuneration, social security and pensions | 62 | €18,613 | €26,642 | +€8,029 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €858 | +€101 | +13.4% |
| Other operating charges | 640/8 | €1,596 | €2,661 | +€1,065 | +66.7% |
| Gross operating margin | 9900 | €84,473 | €97,854 | +€13,381 | +15.8% |
| Operating profit (loss) | 9901 | €63,508 | €67,693 | +€4,186 | +6.6% |
| Financial income | 75/76B | €395 | €1,011 | +€616 | +156.0% |
| Recurring financial income | 75 | €395 | €1,011 | +€616 | +156.0% |
| Financial charges | 65/66B | €3,462 | €1,268 | -€2,195 | -63.4% |
| Recurring financial charges | 65 | €3,462 | €1,268 | -€2,195 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €60,440 | €67,437 | +€6,996 | +11.6% |
| Income taxes | 67/77 | €11,443 | €15,818 | +€4,376 | +38.2% |
| Profit (loss) for the period | 9904 | €48,997 | €51,618 | +€2,621 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,997 | €51,618 | +€2,621 | +5.3% |
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.