A & A PROPERTIES: 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 PROPERTIES
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year +€2.0m
up €2.0m (+51.7%), from €3.9m to €5.9m
- Short-term financial debts -€1.3m
down €1.3m (-67.2%), from €2.0m to €640,000
- Current portion of long-term debt -€748,254
down €748,254 (-78.8%), from €949,611 to €201,358
- Gross operating margin -€32,780
down €32,780 (-7.6%), from €430,585 to €397,805
- Financial charges -€21,095
down €21,095 (-10.1%), from €209,159 to €188,063
- Depreciation +€7,401
up €7,401 (+2.7%), from €276,930 to €284,331
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 | €12,930,068 | €12,835,320 | -€94,748 | -0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,886,965 | €12,765,688 | -€121,277 | -0.9% |
| Tangible fixed assets | 22/27 | €12,886,965 | €12,765,688 | -€121,277 | -0.9% |
| Land and buildings | 22 | €12,884,703 | €12,765,687 | -€119,016 | -0.9% |
| Plant, machinery and equipment | 23 | €261 | €1 | -€260 | -99.6% |
| Assets under construction and advance payments | 27 | €2,001 | - | -€2,001 | |
| Current assets | 29/58 | €43,103 | €69,632 | +€26,529 | +61.5% |
| Amounts receivable within one year | 40/41 | €18,900 | €16,800 | -€2,100 | -11.1% |
| Trade receivables | 40 | €18,900 | €16,800 | -€2,100 | -11.1% |
| Cash at bank and in hand | 54/58 | €13,305 | €41,641 | +€28,337 | +213.0% |
| Deferred charges and accrued income | 490/1 | €10,898 | €11,191 | +€293 | +2.7% |
| Total equity and liabilities | 10/49 | €12,930,068 | €12,835,320 | -€94,748 | -0.7% |
| Equity | 10/15 | €5,713,105 | €5,595,347 | -€117,758 | -2.1% |
| Contributions | 10/11 | €1,150,000 | €1,150,000 | = | 0.0% |
| Capital | 10 | €1,150,000 | €1,150,000 | = | 0.0% |
| Issued capital | 100 | €1,150,000 | €1,150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,900,000 | €5,900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,336,895 | -€1,454,653 | -€117,758 | -8.8% |
| Amounts payable | 17/49 | €7,216,962 | €7,239,973 | +€23,010 | +0.3% |
| Amounts payable after more than one year | 17 | €3,873,932 | €5,875,988 | +€2.0m | +51.7% |
| Financial debts | 170/4 | €3,873,932 | €5,875,988 | +€2.0m | +51.7% |
| Amounts payable within one year | 42/48 | €2,931,172 | €860,859 | -€2.1m | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €949,611 | €201,358 | -€748,254 | -78.8% |
| Financial debts | 43 | €1,952,000 | €640,000 | -€1.3m | -67.2% |
| Credit institutions | 430/8 | €1,952,000 | €640,000 | -€1.3m | -67.2% |
| Trade debts | 44 | €19,560 | €19,501 | -€59 | -0.3% |
| Suppliers | 440/4 | €19,560 | €19,501 | -€59 | -0.3% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | €411,858 | €503,126 | +€91,268 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,930 | €284,331 | +€7,401 | +2.7% |
| Other operating charges | 640/8 | €41,644 | €43,169 | +€1,525 | +3.7% |
| Gross operating margin | 9900 | €430,585 | €397,805 | -€32,780 | -7.6% |
| Operating profit (loss) | 9901 | €112,011 | €70,305 | -€41,705 | -37.2% |
| Financial charges | 65/66B | €209,159 | €188,063 | -€21,095 | -10.1% |
| Recurring financial charges | 65 | €209,159 | €188,063 | -€21,095 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€97,148 | -€117,758 | -€20,610 | -21.2% |
| Profit (loss) for the period | 9904 | -€97,148 | -€117,758 | -€20,610 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,148 | -€117,758 | -€20,610 | -21.2% |
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 5 October 2026 via checked.be.