A-A Solution: 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 Solution
Largest movements
- Tangible fixed assets -€12,602
down €12,602 (-25.7%), from €48,945 to €36,343
of which Furniture and vehicles: -€12,171
- Cash +€10,865
up €10,865 (+5.3%), from €206,208 to €217,073
mainly Other debts (+€274,100) and Net result for the year (+€96,134)
- Receivables within one year +€7,973
up €7,973 (+8.9%), from €89,938 to €97,911
of which Trade receivables: +€13,704
- Other debts +€274,100
up €274,100 (+3,490%), from €7,854 to €281,954
- Reserves -€247,966
down €247,966 (-99.9%), from €248,275 to €309
- Tax, wage and social debts -€40,382
down €40,382 (-83.0%), from €48,657 to €8,274
of which Taxes: -€40,380
- Trade debts +€12,065
up €12,065 (+922%), from €1,308 to €13,373
- Accrued charges and deferred income +€8,599
up €8,599 (+22.8%), from €37,654 to €46,253
- Gross operating margin +€26,240
up €26,240 (+22.3%), from €117,645 to €143,886
- Taxes +€11,978
up €11,978 (+56.2%), from €21,296 to €33,274
- Depreciation -€1,830
down €1,830 (-12.3%), from €14,849 to €13,019
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 | €346,248 | €352,663 | +€6,415 | +1.9% |
| Fixed assets | 21/28 | €48,945 | €36,343 | -€12,602 | -25.7% |
| Tangible fixed assets | 22/27 | €48,945 | €36,343 | -€12,602 | -25.7% |
| Plant, machinery and equipment | 23 | €431 | - | -€431 | |
| Furniture and vehicles | 24 | €48,513 | €36,343 | -€12,171 | -25.1% |
| Current assets | 29/58 | €297,303 | €316,321 | +€19,017 | +6.4% |
| Amounts receivable within one year | 40/41 | €89,938 | €97,911 | +€7,973 | +8.9% |
| Trade receivables | 40 | €83,628 | €97,331 | +€13,704 | +16.4% |
| Other amounts receivable | 41 | €6,311 | €580 | -€5,731 | -90.8% |
| Cash at bank and in hand | 54/58 | €206,208 | €217,073 | +€10,865 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,337 | +€180 | +15.5% |
| Total equity and liabilities | 10/49 | €346,248 | €352,663 | +€6,415 | +1.9% |
| Equity | 10/15 | €250,775 | €2,809 | -€247,966 | -98.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €248,275 | €309 | -€247,966 | -99.9% |
| Distributable reserves | 133 | €248,275 | €309 | -€247,966 | -99.9% |
| Amounts payable | 17/49 | €95,473 | €349,854 | +€254,381 | +266% |
| Amounts payable within one year | 42/48 | €57,819 | €303,601 | +€245,782 | +425% |
| Trade debts | 44 | €1,308 | €13,373 | +€12,065 | +922% |
| Suppliers | 440/4 | €1,308 | €13,373 | +€12,065 | +922% |
| Taxes, remuneration and social security | 45 | €48,657 | €8,274 | -€40,382 | -83.0% |
| Taxes | 450/3 | €48,655 | €8,274 | -€40,380 | -83.0% |
| Remuneration and social security | 454/9 | €2 | - | -€2 | |
| Other amounts payable | 47/48 | €7,854 | €281,954 | +€274,100 | +3,490% |
| Accrued charges and deferred income | 492/3 | €37,654 | €46,253 | +€8,599 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,849 | €13,019 | -€1,830 | -12.3% |
| Other operating charges | 640/8 | €858 | €1,331 | +€473 | +55.1% |
| Gross operating margin | 9900 | €117,645 | €143,886 | +€26,240 | +22.3% |
| Operating profit (loss) | 9901 | €101,938 | €129,535 | +€27,597 | +27.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €138 | €127 | -€12 | -8.3% |
| Recurring financial charges | 65 | €138 | €127 | -€12 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €101,800 | €129,409 | +€27,609 | +27.1% |
| Income taxes | 67/77 | €21,296 | €33,274 | +€11,978 | +56.2% |
| Profit (loss) for the period | 9904 | €80,503 | €96,134 | +€15,631 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,503 | €96,134 | +€15,631 | +19.4% |
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.