A-Cluster: 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-Cluster
Largest movements
- Receivables after one year -€24,813
down €24,813 (-19.5%), from €126,960 to €102,147
- Cash -€2,664
down €2,664 (-39.6%), from €6,727 to €4,063
mainly Debts after one year (-€32,589) and Trade debts (-€3,590)
- Debts after one year -€32,589
down €32,589 (-65.6%), from €49,685 to €17,096
- Current portion of long-term debt +€10,947
up €10,947 (+35.8%), from €30,572 to €41,519
- Trade debts -€3,590
down €3,590 (-51.5%), from €6,965 to €3,375
- Financial income -€1,444
down €1,444 (-17.2%), from €8,385 to €6,941
- Financial charges +€1,388
up €1,388 (+42.7%), from €3,254 to €4,642
- Gross operating margin -€897
down €897 (-45.9%), from -€1,954 to -€2,851
- Taxes -€885
down €885 (-92.4%), from €957 to €72
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 | €134,194 | €106,854 | -€27,340 | -20.4% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €134,144 | €106,804 | -€27,340 | -20.4% |
| Amounts receivable after more than one year | 29 | €126,960 | €102,147 | -€24,813 | -19.5% |
| Other amounts receivable | 291 | €126,960 | €102,147 | -€24,813 | -19.5% |
| Amounts receivable within one year | 40/41 | €457 | €594 | +€137 | +29.8% |
| Other amounts receivable | 41 | €457 | €594 | +€137 | +29.8% |
| Cash at bank and in hand | 54/58 | €6,727 | €4,063 | -€2,664 | -39.6% |
| Total equity and liabilities | 10/49 | €134,194 | €106,854 | -€27,340 | -20.4% |
| Equity | 10/15 | €42,707 | €42,083 | -€624 | -1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,707 | €22,083 | -€624 | -2.8% |
| Amounts payable | 17/49 | €91,487 | €64,771 | -€26,716 | -29.2% |
| Amounts payable after more than one year | 17 | €49,685 | €17,096 | -€32,589 | -65.6% |
| Other amounts payable | 178/9 | €49,685 | €17,096 | -€32,589 | -65.6% |
| Amounts payable within one year | 42/48 | €41,802 | €47,675 | +€5,873 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €30,572 | €41,519 | +€10,947 | +35.8% |
| Trade debts | 44 | €6,965 | €3,375 | -€3,590 | -51.5% |
| Suppliers | 440/4 | €6,965 | €3,375 | -€3,590 | -51.5% |
| Taxes, remuneration and social security | 45 | €805 | - | -€805 | |
| Taxes | 450/3 | €805 | - | -€805 | |
| Other amounts payable | 47/48 | €3,461 | €2,781 | -€680 | -19.6% |
| Gross operating margin | 9900 | -€1,954 | -€2,851 | -€897 | -45.9% |
| Operating profit (loss) | 9901 | -€1,954 | -€2,851 | -€897 | -45.9% |
| Financial income | 75/76B | €8,385 | €6,941 | -€1,444 | -17.2% |
| Recurring financial income | 75 | €8,385 | €6,941 | -€1,444 | -17.2% |
| Financial charges | 65/66B | €3,254 | €4,642 | +€1,388 | +42.7% |
| Recurring financial charges | 65 | €3,254 | €4,642 | +€1,388 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €3,177 | -€552 | -€3,729 | |
| Income taxes | 67/77 | €957 | €72 | -€885 | -92.4% |
| Profit (loss) for the period | 9904 | €2,220 | -€624 | -€2,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,220 | -€624 | -€2,844 |
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 24 October 2026 via checked.be.