A.A. Express: 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. Express
Largest movements
- Tangible fixed assets -€6,852
down €6,852 (-24.0%), from €28,581 to €21,730
of which Furniture and vehicles: -€6,480
- Receivables within one year -€6,666
down €6,666 (-68.8%), from €9,696 to €3,030
of which Other amounts receivable: -€6,666
- Cash +€4,111
up €4,111 (+64.7%), from €6,351 to €10,462
mainly Net result for the year (+€8,518) and Depreciation (+€6,852)
- Profit (loss) carried forward +€8,518
up €8,518, from -€5,234 to €3,284
- Debts after one year -€7,018
down €7,018 (-43.8%), from €16,018 to €9,000
- Current portion of long-term debt -€5,713
down €5,713 (-30.3%), from €18,844 to €13,131
- Trade debts -€4,880
down €4,880 (-29.5%), from €16,518 to €11,638
- Other debts -€3,153
down €3,153 (-42.8%), from €7,372 to €4,219
- Gross operating margin +€15,607
up €15,607 (+239.6%), from €6,514 to €22,121
- Taxes +€5,030
up €5,030, from -€804 to €4,226
- Depreciation +€1,132
up €1,132 (+19.8%), from €5,719 to €6,852
- Financial charges -€1,016
down €1,016 (-57.2%), from €1,776 to €760
- Staff costs +€243
new in 2025: €243
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 | €53,628 | €44,222 | -€9,407 | -17.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €37,581 | €30,730 | -€6,852 | -18.2% |
| Tangible fixed assets | 22/27 | €28,581 | €21,730 | -€6,852 | -24.0% |
| Plant, machinery and equipment | 23 | €372 | €0 | -€372 | -100.0% |
| Furniture and vehicles | 24 | €28,210 | €21,730 | -€6,480 | -23.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €16,047 | €13,492 | -€2,555 | -15.9% |
| Amounts receivable within one year | 40/41 | €9,696 | €3,030 | -€6,666 | -68.8% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €9,696 | €3,030 | -€6,666 | -68.8% |
| Cash at bank and in hand | 54/58 | €6,351 | €10,462 | +€4,111 | +64.7% |
| Total equity and liabilities | 10/49 | €53,628 | €44,222 | -€9,407 | -17.5% |
| Equity | 10/15 | -€5,124 | €3,394 | +€8,518 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,234 | €3,284 | +€8,518 | |
| Amounts payable | 17/49 | €58,752 | €40,828 | -€17,925 | -30.5% |
| Amounts payable after more than one year | 17 | €16,018 | €9,000 | -€7,018 | -43.8% |
| Financial debts | 170/4 | €16,018 | €9,000 | -€7,018 | -43.8% |
| Amounts payable within one year | 42/48 | €42,734 | €31,828 | -€10,906 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €18,844 | €13,131 | -€5,713 | -30.3% |
| Trade debts | 44 | €16,518 | €11,638 | -€4,880 | -29.5% |
| Suppliers | 440/4 | €16,518 | €11,638 | -€4,880 | -29.5% |
| Taxes, remuneration and social security | 45 | - | €2,839 | +€2,839 | |
| Taxes | 450/3 | - | €2,839 | +€2,839 | |
| Other amounts payable | 47/48 | €7,372 | €4,219 | -€3,153 | -42.8% |
| Remuneration, social security and pensions | 62 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,719 | €6,852 | +€1,132 | +19.8% |
| Other operating charges | 640/8 | €1,359 | €1,523 | +€164 | +12.1% |
| Gross operating margin | 9900 | €6,514 | €22,121 | +€15,607 | +239.6% |
| Operating profit (loss) | 9901 | -€563 | €13,504 | +€14,067 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,776 | €760 | -€1,016 | -57.2% |
| Recurring financial charges | 65 | €1,776 | €760 | -€1,016 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,339 | €12,744 | +€15,083 | |
| Income taxes | 67/77 | -€804 | €4,226 | +€5,030 | |
| Profit (loss) for the period | 9904 | -€1,535 | €8,518 | +€10,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,535 | €8,518 | +€10,053 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.