A³ Estate: 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.
A³ Estate
Largest movements
- Cash -€141,023
down €141,023 (-35.6%), from €396,506 to €255,483
mainly Investment in fixed assets (net) (-€137,144) and Accrued charges and deferred income (-€119,759)
- Tangible fixed assets +€124,900
up €124,900 (+2,445%), from €5,108 to €130,009
of which Furniture and vehicles: +€117,442
- Receivables within one year +€18,633
up €18,633 (+71.5%), from €26,074 to €44,707
of which Trade receivables: +€19,067
- Accrued charges and deferred income -€119,759
down €119,759 (-99.8%), from €120,000 to €241
- Debts after one year +€72,466
new in 2025: €72,466
- Reserves +€51,216
up €51,216 (+73.4%), from €69,791 to €121,007
- Other debts -€37,325
down €37,325 (-19.1%), from €195,380 to €158,055
- Current portion of long-term debt +€28,838
new in 2025: €28,838
- Depreciation +€8,106
up €8,106 (+196%), from €4,138 to €12,244
- Taxes -€4,427
down €4,427 (-17.2%), from €25,667 to €21,240
- Gross operating margin -€4,144
down €4,144 (-4.7%), from €88,369 to €84,225
- Financial income -€2,805
down €2,805 (-43.7%), from €6,424 to €3,618
- Financial charges +€1,565
up €1,565 (+811%), from €193 to €1,758
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 | €428,760 | €432,212 | +€3,451 | +0.8% |
| Fixed assets | 21/28 | €5,108 | €130,009 | +€124,900 | +2,445% |
| Tangible fixed assets | 22/27 | €5,108 | €130,009 | +€124,900 | +2,445% |
| Land and buildings | 22 | - | €8,075 | +€8,075 | |
| Plant, machinery and equipment | 23 | €1,839 | €1,223 | -€616 | -33.5% |
| Furniture and vehicles | 24 | €3,269 | €120,711 | +€117,442 | +3,592% |
| Current assets | 29/58 | €423,652 | €302,203 | -€121,449 | -28.7% |
| Amounts receivable within one year | 40/41 | €26,074 | €44,707 | +€18,633 | +71.5% |
| Trade receivables | 40 | €25,564 | €44,630 | +€19,067 | +74.6% |
| Other amounts receivable | 41 | €510 | €76 | -€434 | -85.1% |
| Cash at bank and in hand | 54/58 | €396,506 | €255,483 | -€141,023 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,073 | €2,014 | +€941 | +87.7% |
| Total equity and liabilities | 10/49 | €428,760 | €432,212 | +€3,451 | +0.8% |
| Equity | 10/15 | €82,191 | €133,407 | +€51,216 | +62.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,791 | €121,007 | +€51,216 | +73.4% |
| Distributable reserves | 133 | €69,791 | €121,007 | +€51,216 | +73.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €346,569 | €298,804 | -€47,765 | -13.8% |
| Amounts payable after more than one year | 17 | - | €72,466 | +€72,466 | |
| Financial debts | 170/4 | - | €72,466 | +€72,466 | |
| Amounts payable within one year | 42/48 | €226,569 | €226,098 | -€471 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | - | €28,838 | +€28,838 | |
| Trade debts | 44 | €1,824 | €13,251 | +€11,427 | +627% |
| Suppliers | 440/4 | €1,824 | €13,251 | +€11,427 | +627% |
| Taxes, remuneration and social security | 45 | €29,366 | €25,954 | -€3,412 | -11.6% |
| Taxes | 450/3 | €29,366 | €25,954 | -€3,412 | -11.6% |
| Other amounts payable | 47/48 | €195,380 | €158,055 | -€37,325 | -19.1% |
| Accrued charges and deferred income | 492/3 | €120,000 | €241 | -€119,759 | -99.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,138 | €12,244 | +€8,106 | +196% |
| Other operating charges | 640/8 | €2,532 | €1,386 | -€1,146 | -45.3% |
| Gross operating margin | 9900 | €88,369 | €84,225 | -€4,144 | -4.7% |
| Operating profit (loss) | 9901 | €81,699 | €70,596 | -€11,104 | -13.6% |
| Financial income | 75/76B | €6,424 | €3,618 | -€2,805 | -43.7% |
| Recurring financial income | 75 | €6,424 | €3,618 | -€2,805 | -43.7% |
| Financial charges | 65/66B | €193 | €1,758 | +€1,565 | +811% |
| Recurring financial charges | 65 | €193 | €1,758 | +€1,565 | +811% |
| Profit (loss) for the period before taxes | 9903 | €87,930 | €72,456 | -€15,474 | -17.6% |
| Income taxes | 67/77 | €25,667 | €21,240 | -€4,427 | -17.2% |
| Profit (loss) for the period | 9904 | €62,263 | €51,216 | -€11,047 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,263 | €51,216 | -€11,047 | -17.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.