A.A. CONCEPT: 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.
A.A. CONCEPT
Largest movements
- Stocks and contracts +€89,547
up €89,547 (+46.8%), from €191,357 to €280,903
- Cash -€32,137
down €32,137 (-80.7%), from €39,812 to €7,675
mainly Stocks and contracts (-€89,547) and Investment in fixed assets (net) (-€1,928)
- Receivables within one year -€11,559
down €11,559 (-29.6%), from €39,111 to €27,552
of which Trade receivables: -€13,987
- Trade debts +€19,623
up €19,623 (+14.5%), from €135,519 to €155,142
- Tax, wage and social debts +€15,328
up €15,328 (+57.3%), from €26,769 to €42,097
of which Remuneration and social security: +€23,804
- Profit (loss) carried forward +€6,533
up €6,533 (+16.1%), from €40,562 to €47,095
- Other debts +€4,815
up €4,815 (+7.5%), from €64,129 to €68,945
- Purchases and services -€114,696
down €114,696 (-45.9%), from €250,058 to €135,362
- Gross operating margin +€4,360
up €4,360 (+10.5%), from €41,641 to €46,000
- Other operating charges +€2,799
up €2,799 (+711.8%), from €393 to €3,193
- Depreciation +€1,479
new in 2025: €1,479
- Taxes -€589
down €589 (-31.9%), from €1,846 to €1,257
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 | €270,279 | €316,579 | +€46,300 | +17.1% |
| Fixed assets | 21/28 | - | €449 | +€449 | |
| Financial fixed assets | 28 | - | €449 | +€449 | |
| Current assets | 29/58 | €270,279 | €316,130 | +€45,851 | +17.0% |
| Stocks and contracts in progress | 3 | €191,357 | €280,903 | +€89,547 | +46.8% |
| Stocks | 30/36 | €191,357 | €280,903 | +€89,547 | +46.8% |
| Amounts receivable within one year | 40/41 | €39,111 | €27,552 | -€11,559 | -29.6% |
| Trade receivables | 40 | €35,879 | €21,891 | -€13,987 | -39.0% |
| Other amounts receivable | 41 | €3,232 | €5,661 | +€2,429 | +75.1% |
| Cash at bank and in hand | 54/58 | €39,812 | €7,675 | -€32,137 | -80.7% |
| Total equity and liabilities | 10/49 | €270,279 | €316,579 | +€46,300 | +17.1% |
| Equity | 10/15 | €43,862 | €50,395 | +€6,533 | +14.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,562 | €47,095 | +€6,533 | +16.1% |
| Amounts payable | 17/49 | €226,417 | €266,184 | +€39,766 | +17.6% |
| Amounts payable within one year | 42/48 | €226,417 | €266,184 | +€39,766 | +17.6% |
| Trade debts | 44 | €135,519 | €155,142 | +€19,623 | +14.5% |
| Suppliers | 440/4 | €135,519 | €155,142 | +€19,623 | +14.5% |
| Taxes, remuneration and social security | 45 | €26,769 | €42,097 | +€15,328 | +57.3% |
| Taxes | 450/3 | €13,289 | €4,812 | -€8,476 | -63.8% |
| Remuneration and social security | 454/9 | €13,481 | €37,285 | +€23,804 | +176.6% |
| Other amounts payable | 47/48 | €64,129 | €68,945 | +€4,815 | +7.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €250,058 | €135,362 | -€114,696 | -45.9% |
| Remuneration, social security and pensions | 62 | €33,710 | €33,378 | -€332 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,479 | +€1,479 | |
| Other operating charges | 640/8 | €393 | €3,193 | +€2,799 | +711.8% |
| Gross operating margin | 9900 | €41,641 | €46,000 | +€4,360 | +10.5% |
| Operating profit (loss) | 9901 | €7,537 | €7,950 | +€413 | +5.5% |
| Financial charges | 65/66B | €153 | €160 | +€7 | +4.4% |
| Recurring financial charges | 65 | €153 | €160 | +€7 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €7,384 | €7,790 | +€406 | +5.5% |
| Income taxes | 67/77 | €1,846 | €1,257 | -€589 | -31.9% |
| Profit (loss) for the period | 9904 | €5,538 | €6,533 | +€995 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,538 | €6,533 | +€995 | +18.0% |
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.