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
- Current investments +€300,000
up €300,000 (+150.0%), from €200,000 to €500,000
- Profit (loss) carried forward +€257,573
up €257,573 (+5.8%), from €4.4m to €4.7m
- Gross operating margin +€319,014
up €319,014 (+193.3%), from €165,064 to €484,078
- Staff costs +€128,084
new in 2025: €128,084
- Taxes +€46,169
up €46,169 (+122.2%), from €37,789 to €83,958
- Financial income +€5,936
up €5,936 (+203.1%), from €2,923 to €8,859
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 | €8,488,715 | €8,773,402 | +€284,687 | +3.4% |
| Fixed assets | 21/28 | €7,442,419 | €7,442,419 | = | 0.0% |
| Financial fixed assets | 28 | €7,442,419 | €7,442,419 | = | 0.0% |
| Current assets | 29/58 | €1,046,296 | €1,330,983 | +€284,687 | +27.2% |
| Amounts receivable within one year | 40/41 | €349,712 | €306,892 | -€42,821 | -12.2% |
| Other amounts receivable | 41 | €349,712 | €306,892 | -€42,821 | -12.2% |
| Current investments | 50/53 | €200,000 | €500,000 | +€300,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €494,946 | €521,109 | +€26,163 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,637 | €2,982 | +€1,345 | +82.1% |
| Total equity and liabilities | 10/49 | €8,488,715 | €8,773,402 | +€284,687 | +3.4% |
| Equity | 10/15 | €8,399,676 | €8,657,249 | +€257,573 | +3.1% |
| Contributions | 10/11 | €3,621,000 | €3,621,000 | = | 0.0% |
| Reserves | 13 | €362,100 | €362,100 | = | 0.0% |
| Distributable reserves | 133 | €362,100 | €362,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,416,576 | €4,674,149 | +€257,573 | +5.8% |
| Amounts payable | 17/49 | €89,039 | €116,153 | +€27,114 | +30.5% |
| Amounts payable within one year | 42/48 | €89,039 | €116,153 | +€27,114 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €5,076 | €11,407 | +€6,331 | +124.7% |
| Trade debts | 44 | €5,665 | €9,479 | +€3,814 | +67.3% |
| Suppliers | 440/4 | €5,665 | €9,479 | +€3,814 | +67.3% |
| Taxes, remuneration and social security | 45 | €22,504 | €44,473 | +€21,969 | +97.6% |
| Taxes | 450/3 | - | €21,664 | +€21,664 | |
| Remuneration and social security | 454/9 | €22,504 | €22,809 | +€305 | +1.4% |
| Other amounts payable | 47/48 | €55,793 | €50,793 | -€5,000 | -9.0% |
| Remuneration, social security and pensions | 62 | - | €128,084 | +€128,084 | |
| Other operating charges | 640/8 | €1,092 | €1,108 | +€16 | +1.5% |
| Non-recurring operating charges | 66A | - | €21,455 | +€21,455 | |
| Gross operating margin | 9900 | €165,064 | €484,078 | +€319,014 | +193.3% |
| Operating profit (loss) | 9901 | €163,972 | €333,431 | +€169,459 | +103.3% |
| Financial income | 75/76B | €2,923 | €8,859 | +€5,936 | +203.1% |
| Recurring financial income | 75 | €2,923 | €8,859 | +€5,936 | +203.1% |
| Financial charges | 65/66B | €519 | €759 | +€240 | +46.2% |
| Recurring financial charges | 65 | €519 | €759 | +€240 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €166,376 | €341,531 | +€175,155 | +105.3% |
| Income taxes | 67/77 | €37,789 | €83,958 | +€46,169 | +122.2% |
| Profit (loss) for the period | 9904 | €128,587 | €257,573 | +€128,986 | +100.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,587 | €257,573 | +€128,986 | +100.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.