A+ BELGIUM: 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+ BELGIUM
Largest movements
- Cash +€18
up €18 (+68.7%), from €26 to €43
mainly Other debts (+€680) and Trade debts (+€12)
- Other debts +€680
up €680 (+22.5%), from €3,020 to €3,700
- Profit (loss) carried forward -€675
down €675 (-3.1%), from -€21,973 to -€22,648
- Trade debts +€12
up €12 (+3.2%), from €387 to €400
- Gross operating margin -€150
down €150 (-235%), from -€64 to -€214
- Financial charges +€15
up €15 (+32.6%), from €47 to €62
- Other operating charges +€3
up €3 (+0.6%), from €397 to €400
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 | €26 | €43 | +€18 | +68.7% |
| Current assets | 29/58 | €26 | €43 | +€18 | +68.7% |
| Cash at bank and in hand | 54/58 | €26 | €43 | +€18 | +68.7% |
| Total equity and liabilities | 10/49 | €26 | €43 | +€18 | +68.7% |
| Equity | 10/15 | -€3,381 | -€4,056 | -€675 | -20.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,973 | -€22,648 | -€675 | -3.1% |
| Amounts payable | 17/49 | €3,407 | €4,100 | +€693 | +20.3% |
| Amounts payable within one year | 42/48 | €3,407 | €4,100 | +€693 | +20.3% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €3,020 | €3,700 | +€680 | +22.5% |
| Other operating charges | 640/8 | €397 | €400 | +€3 | +0.6% |
| Gross operating margin | 9900 | -€64 | -€214 | -€150 | -235% |
| Operating profit (loss) | 9901 | -€461 | -€613 | -€152 | -33.1% |
| Financial charges | 65/66B | €47 | €62 | +€15 | +32.6% |
| Recurring financial charges | 65 | €47 | €62 | +€15 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | -€507 | -€675 | -€168 | -33.0% |
| Profit (loss) for the period | 9904 | -€507 | -€675 | -€168 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€507 | -€675 | -€168 | -33.0% |
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 22 October 2026 via checked.be.