A.A.S: 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.S
Largest movements
- Tangible fixed assets -€34,947
down €34,947 (-12.4%), from €281,528 to €246,581
of which Plant, machinery and equipment: -€34,021
- Cash +€11,427
up €11,427 (+159%), from €7,198 to €18,625
mainly Depreciation (+€41,741) and Net result for the year (+€11,242)
- Intangible fixed assets -€5,000
down €5,000 (-12.9%), from €38,740 to €33,740
- Debts after one year -€42,857
down €42,857 (-26.1%), from €164,286 to €121,429
- Profit (loss) carried forward +€11,242
up €11,242 (+19.7%), from -€57,123 to -€45,880
- Other debts -€11,208
down €11,208 (-6.5%), from €173,668 to €162,460
- Short-term financial debts +€10,474
up €10,474 (+129%), from €8,097 to €18,571
- Gross operating margin +€8,764
up €8,764 (+10.9%), from €80,228 to €88,991
- Financial charges -€2,412
down €2,412 (-20.7%), from €11,632 to €9,220
- Staff costs +€917
up €917 (+3.7%), from €25,058 to €25,975
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.
Derived cash bridge
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 | €358,889 | €331,959 | -€26,929 | -7.5% |
| Fixed assets | 21/28 | €320,268 | €280,321 | -€39,947 | -12.5% |
| Intangible fixed assets | 21 | €38,740 | €33,740 | -€5,000 | -12.9% |
| Tangible fixed assets | 22/27 | €281,528 | €246,581 | -€34,947 | -12.4% |
| Plant, machinery and equipment | 23 | €273,049 | €239,028 | -€34,021 | -12.5% |
| Furniture and vehicles | 24 | €8,479 | €7,554 | -€926 | -10.9% |
| Current assets | 29/58 | €38,621 | €51,638 | +€13,017 | +33.7% |
| Stocks and contracts in progress | 3 | €24,501 | €27,250 | +€2,750 | +11.2% |
| Stocks | 30/36 | €24,501 | €27,250 | +€2,750 | +11.2% |
| Amounts receivable within one year | 40/41 | €6,482 | €3,255 | -€3,226 | -49.8% |
| Other amounts receivable | 41 | €6,482 | €3,255 | -€3,226 | -49.8% |
| Cash at bank and in hand | 54/58 | €7,198 | €18,625 | +€11,427 | +159% |
| Deferred charges and accrued income | 490/1 | €441 | €2,507 | +€2,067 | +469% |
| Total equity and liabilities | 10/49 | €358,889 | €331,959 | -€26,929 | -7.5% |
| Equity | 10/15 | -€52,123 | -€40,880 | +€11,242 | +21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,123 | -€45,880 | +€11,242 | +19.7% |
| Amounts payable | 17/49 | €411,011 | €372,840 | -€38,172 | -9.3% |
| Amounts payable after more than one year | 17 | €164,286 | €121,429 | -€42,857 | -26.1% |
| Financial debts | 170/4 | €164,286 | €121,429 | -€42,857 | -26.1% |
| Amounts payable within one year | 42/48 | €246,449 | €251,171 | +€4,722 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €42,857 | €42,857 | = | 0.0% |
| Financial debts | 43 | €8,097 | €18,571 | +€10,474 | +129% |
| Credit institutions | 430/8 | €8,097 | €18,571 | +€10,474 | +129% |
| Trade debts | 44 | €18,778 | €21,819 | +€3,041 | +16.2% |
| Suppliers | 440/4 | €18,778 | €21,819 | +€3,041 | +16.2% |
| Taxes, remuneration and social security | 45 | €3,048 | €5,464 | +€2,416 | +79.2% |
| Taxes | 450/3 | €1,551 | €3,938 | +€2,387 | +154% |
| Remuneration and social security | 454/9 | €1,497 | €1,526 | +€29 | +1.9% |
| Other amounts payable | 47/48 | €173,668 | €162,460 | -€11,208 | -6.5% |
| Accrued charges and deferred income | 492/3 | €277 | €240 | -€37 | -13.3% |
| Remuneration, social security and pensions | 62 | €25,058 | €25,975 | +€917 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,264 | €41,741 | +€477 | +1.2% |
| Other operating charges | 640/8 | €1,658 | €1,318 | -€340 | -20.5% |
| Gross operating margin | 9900 | €80,228 | €88,991 | +€8,764 | +10.9% |
| Operating profit (loss) | 9901 | €12,247 | €19,957 | +€7,710 | +63.0% |
| Financial income | 75/76B | €165 | €505 | +€340 | +206% |
| Recurring financial income | 75 | €165 | €505 | +€340 | +206% |
| Financial charges | 65/66B | €11,632 | €9,220 | -€2,412 | -20.7% |
| Recurring financial charges | 65 | €11,632 | €9,220 | -€2,412 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €781 | €11,242 | +€10,462 | +1,340% |
| Profit (loss) for the period | 9904 | €781 | €11,242 | +€10,462 | +1,340% |
| Profit (loss) for the period to be appropriated | 9905 | €781 | €11,242 | +€10,462 | +1,340% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.