A.A. INVEST: what changed
What changed
A.A. INVEST
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
€9,243
2024 · €7,630+€1,613
Equity
€72,365
2024 · €121,546-€49,181
Cash
€152,395
2024 · €173,574-€21,178
Balance sheet total
€634,576
2024 · €683,965-€49,389
Largest movements
Assets
- Tangible fixed assets -€30,307
down €30,307 (-6.1%), from €496,591 to €466,284
- Cash -€21,178
down €21,178 (-12.2%), from €173,574 to €152,395
mainly Contributions, distributions and other (-€58,424) and Debts after one year (-€25,745)
Equity and liabilities
- Reserves -€51,041
down €51,041 (-53.4%), from €95,592 to €44,551
of which Distributable reserves: -€48,342
- Other debts +€29,440
up €29,440 (+234%), from €12,554 to €41,994
- Debts after one year -€25,745
down €25,745 (-5.2%), from €491,179 to €465,433
of which Financial debts: -€25,745
- Trade debts -€8,160
down €8,160 (-32.7%), from €24,992 to €16,832
Income statement
- Gross operating margin +€3,701
up €3,701 (+6.2%), from €59,485 to €63,186
- Other operating charges +€1,470
up €1,470 (+55.0%), from €2,674 to €4,144
- Depreciation -€1,398
down €1,398 (-4.3%), from €32,618 to €31,220
- Taxes +€1,293
up €1,293 (+23.5%), from €5,514 to €6,808
- Financial charges +€722
up €722 (+6.4%), from €11,329 to €12,051
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,630
Gross operating margin
+€3,701
Depreciation
+€1,398
Other operating charges
-€1,470
Financial income
-€0
Financial charges
-€722
Taxes
-€1,293
Result 2025
€9,243
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,523
Investment
-€913
Financing
-€81,788
Cash 2024
€173,574
From operations (derived)
+€61,523
Net result for the year
+€9,243
Depreciation
+€31,220
Receivables within one year
-€2,096
Provisions
-€280
Trade debts
-€8,160
Tax, wage and social debts
+€1,293
Other debts
+€29,440
Accrued charges and deferred income
+€862
Investment (derived)
-€913
Investment in fixed assets (net)
-€913
Financing
-€81,788
Debts after one year
-€25,745
Current portion of long-term debt
+€2,381
Contributions, distributions and other
-€58,424
Cash 2025
€152,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €683,965 | €634,576 | -€49,389 | -7.2% |
| Fixed assets | 21/28 | €496,591 | €466,284 | -€30,307 | -6.1% |
| Tangible fixed assets | 22/27 | €496,591 | €466,284 | -€30,307 | -6.1% |
| Land and buildings | 22 | €279,142 | €265,956 | -€13,186 | -4.7% |
| Plant, machinery and equipment | 23 | €15,711 | €13,812 | -€1,900 | -12.1% |
| Furniture and vehicles | 24 | €7,883 | €6,037 | -€1,846 | -23.4% |
| Leasing and similar rights | 25 | €193,854 | €180,479 | -€13,374 | -6.9% |
| Current assets | 29/58 | €187,375 | €168,292 | -€19,083 | -10.2% |
| Amounts receivable within one year | 40/41 | €9,216 | €11,312 | +€2,096 | +22.7% |
| Trade receivables | 40 | €8,921 | €8,969 | +€48 | +0.5% |
| Other amounts receivable | 41 | €295 | €2,342 | +€2,047 | +694% |
| Current investments | 50/53 | €4,585 | €4,585 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,574 | €152,395 | -€21,178 | -12.2% |
| Total equity and liabilities | 10/49 | €683,965 | €634,576 | -€49,389 | -7.2% |
| Equity | 10/15 | €121,546 | €72,365 | -€49,181 | -40.5% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €95,592 | €44,551 | -€51,041 | -53.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €20,220 | €19,381 | -€839 | -4.1% |
| Distributable reserves | 133 | €73,512 | €25,171 | -€48,342 | -65.8% |
| Profit (loss) carried forward | 14 | €7,354 | €7,354 | -€0 | 0.0% |
| Provisions and deferred taxes | 16 | €6,707 | €6,428 | -€280 | -4.2% |
| Deferred taxes | 168 | €6,707 | €6,428 | -€280 | -4.2% |
| Amounts payable | 17/49 | €555,712 | €555,783 | +€71 | 0.0% |
| Amounts payable after more than one year | 17 | €491,179 | €465,433 | -€25,745 | -5.2% |
| Financial debts | 170/4 | €489,854 | €464,108 | -€25,745 | -5.3% |
| Other amounts payable | 178/9 | €1,325 | €1,325 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,454 | €88,408 | +€24,954 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €25,364 | €27,745 | +€2,381 | +9.4% |
| Trade debts | 44 | €24,992 | €16,832 | -€8,160 | -32.7% |
| Suppliers | 440/4 | €24,992 | €16,832 | -€8,160 | -32.7% |
| Taxes, remuneration and social security | 45 | €543 | €1,836 | +€1,293 | +238% |
| Taxes | 450/3 | €543 | €1,836 | +€1,293 | +238% |
| Other amounts payable | 47/48 | €12,554 | €41,994 | +€29,440 | +234% |
| Accrued charges and deferred income | 492/3 | €1,080 | €1,942 | +€862 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,618 | €31,220 | -€1,398 | -4.3% |
| Other operating charges | 640/8 | €2,674 | €4,144 | +€1,470 | +55.0% |
| Gross operating margin | 9900 | €59,485 | €63,186 | +€3,701 | +6.2% |
| Operating profit (loss) | 9901 | €24,194 | €27,822 | +€3,628 | +15.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €11,329 | €12,051 | +€722 | +6.4% |
| Recurring financial charges | 65 | €11,329 | €12,051 | +€722 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €12,865 | €15,771 | +€2,906 | +22.6% |
| Transfer from deferred taxes | 780 | €280 | €280 | = | 0.0% |
| Income taxes | 67/77 | €5,514 | €6,808 | +€1,293 | +23.5% |
| Profit (loss) for the period | 9904 | €7,630 | €9,243 | +€1,613 | +21.1% |
| Transfer from tax-exempt reserves | 789 | €839 | €839 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,469 | €10,082 | +€1,613 | +19.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.