A.A.R.: 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.R.
Largest movements
- Stocks and contracts -€547
down €547 (-9.3%), from €5,879 to €5,332
- Receivables within one year -€403
down €403 (-4.0%), from €10,165 to €9,762
of which Trade receivables: -€2,048
- Profit (loss) carried forward -€11,895
down €11,895 (-9.0%), from -€132,746 to -€144,641
- Debts after one year +€10,991
up €10,991 (+10.3%), from €106,558 to €117,548
- Other debts -€10,740
no longer reported in 2024 (was €10,740)
- Short-term financial debts +€6,544
up €6,544 (+176%), from €3,726 to €10,270
- Trade debts +€4,149
up €4,149 (+23.6%), from €17,577 to €21,726
- Purchases and services +€1,703
up €1,703 (+9.8%), from €17,329 to €19,032
- Other operating charges +€1,575
new in 2024: €1,575
- Gross operating margin -€1,368
down €1,368 (-19.3%), from -€7,078 to -€8,446
- Financial charges +€534
up €534 (+39.8%), from €1,340 to €1,874
- Turnover +€336
up €336 (+3.3%), from €10,250 to €10,586
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,448 | €26,497 | -€950 | -3.5% |
| Fixed assets | 21/28 | €11,403 | €11,403 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,403 | €11,403 | = | 0.0% |
| Land and buildings | 22 | €11,403 | €11,403 | = | 0.0% |
| Current assets | 29/58 | €16,045 | €15,094 | -€950 | -5.9% |
| Stocks and contracts in progress | 3 | €5,879 | €5,332 | -€547 | -9.3% |
| Stocks | 30/36 | €5,879 | €5,332 | -€547 | -9.3% |
| Amounts receivable within one year | 40/41 | €10,165 | €9,762 | -€403 | -4.0% |
| Trade receivables | 40 | €9,799 | €7,751 | -€2,048 | -20.9% |
| Other amounts receivable | 41 | €367 | €2,012 | +€1,645 | +449% |
| Total equity and liabilities | 10/49 | €27,448 | €26,497 | -€950 | -3.5% |
| Equity | 10/15 | -€114,154 | -€126,049 | -€11,895 | -10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,746 | -€144,641 | -€11,895 | -9.0% |
| Amounts payable | 17/49 | €141,602 | €152,547 | +€10,944 | +7.7% |
| Amounts payable after more than one year | 17 | €106,558 | €117,548 | +€10,991 | +10.3% |
| Other amounts payable | 178/9 | €106,558 | €117,548 | +€10,991 | +10.3% |
| Amounts payable within one year | 42/48 | €32,042 | €31,996 | -€46 | -0.1% |
| Financial debts | 43 | €3,726 | €10,270 | +€6,544 | +176% |
| Credit institutions | 430/8 | €3,726 | €10,270 | +€6,544 | +176% |
| Trade debts | 44 | €17,577 | €21,726 | +€4,149 | +23.6% |
| Suppliers | 440/4 | €17,577 | €21,726 | +€4,149 | +23.6% |
| Other amounts payable | 47/48 | €10,740 | - | -€10,740 | |
| Accrued charges and deferred income | 492/3 | €3,002 | €3,002 | = | 0.0% |
| Turnover | 70 | €10,250 | €10,586 | +€336 | +3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,329 | €19,032 | +€1,703 | +9.8% |
| Other operating charges | 640/8 | - | €1,575 | +€1,575 | |
| Gross operating margin | 9900 | -€7,078 | -€8,446 | -€1,368 | -19.3% |
| Operating profit (loss) | 9901 | -€7,078 | -€10,021 | -€2,943 | -41.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,340 | €1,874 | +€534 | +39.8% |
| Recurring financial charges | 65 | €1,340 | €1,874 | +€534 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,417 | -€11,895 | -€3,478 | -41.3% |
| Profit (loss) for the period | 9904 | -€8,417 | -€11,895 | -€3,478 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,417 | -€11,895 | -€3,478 | -41.3% |
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 24 October 2026 via checked.be.