A.A.Q.: 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.Q.
Largest movements
- Cash +€34,394
up €34,394 (+13.6%), from €253,407 to €287,801
mainly Net result for the year (+€19,963) and Depreciation (+€14,386)
- Tangible fixed assets -€14,386
down €14,386 (-5.7%), from €252,603 to €238,217
of which Land and buildings: -€13,283
- Receivables within one year +€6,739
up €6,739 (+48.7%), from €13,848 to €20,587
of which Other amounts receivable: +€5,556
- Profit (loss) carried forward +€19,963
up €19,963 (+5.3%), from €377,734 to €397,698
- Gross operating margin -€96,279
down €96,279 (-68.5%), from €140,612 to €44,333
- Taxes -€25,687
down €25,687 (-77.5%), from €33,164 to €7,478
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,789 | €547,840 | +€25,051 | +4.8% |
| Fixed assets | 21/28 | €252,603 | €238,217 | -€14,386 | -5.7% |
| Tangible fixed assets | 22/27 | €252,603 | €238,217 | -€14,386 | -5.7% |
| Land and buildings | 22 | €248,988 | €235,705 | -€13,283 | -5.3% |
| Plant, machinery and equipment | 23 | €260 | - | -€260 | |
| Furniture and vehicles | 24 | €3,356 | €2,512 | -€843 | -25.1% |
| Current assets | 29/58 | €270,186 | €309,623 | +€39,437 | +14.6% |
| Stocks and contracts in progress | 3 | €2,930 | €1,235 | -€1,695 | -57.8% |
| Stocks | 30/36 | €2,930 | €1,235 | -€1,695 | -57.8% |
| Amounts receivable within one year | 40/41 | €13,848 | €20,587 | +€6,739 | +48.7% |
| Trade receivables | 40 | €1,942 | €3,125 | +€1,183 | +60.9% |
| Other amounts receivable | 41 | €11,906 | €17,462 | +€5,556 | +46.7% |
| Cash at bank and in hand | 54/58 | €253,407 | €287,801 | +€34,394 | +13.6% |
| Total equity and liabilities | 10/49 | €522,789 | €547,840 | +€25,051 | +4.8% |
| Equity | 10/15 | €398,185 | €418,149 | +€19,963 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,734 | €397,698 | +€19,963 | +5.3% |
| Amounts payable | 17/49 | €124,603 | €129,691 | +€5,088 | +4.1% |
| Amounts payable within one year | 42/48 | €124,603 | €129,691 | +€5,088 | +4.1% |
| Taxes, remuneration and social security | 45 | €52,103 | €57,191 | +€5,088 | +9.8% |
| Taxes | 450/3 | €52,103 | €57,191 | +€5,088 | +9.8% |
| Other amounts payable | 47/48 | €72,500 | €72,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,026 | €14,386 | -€640 | -4.3% |
| Other operating charges | 640/8 | €994 | €2,122 | +€1,128 | +113% |
| Gross operating margin | 9900 | €140,612 | €44,333 | -€96,279 | -68.5% |
| Operating profit (loss) | 9901 | €124,591 | €27,825 | -€96,766 | -77.7% |
| Financial income | 75/76B | €0 | €75 | +€75 | +250,333% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +250,333% |
| Financial charges | 65/66B | €334 | €459 | +€125 | +37.5% |
| Recurring financial charges | 65 | €334 | €459 | +€125 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €124,257 | €27,441 | -€96,816 | -77.9% |
| Income taxes | 67/77 | €33,164 | €7,478 | -€25,687 | -77.5% |
| Profit (loss) for the period | 9904 | €91,093 | €19,963 | -€71,130 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,093 | €19,963 | -€71,130 | -78.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.