A et A: 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 et A
Largest movements
- Receivables within one year +€64,613
up €64,613 (+36.0%), from €179,709 to €244,321
of which Other amounts receivable: +€39,790
- Cash -€9,233
down €9,233 (-51.7%), from €17,850 to €8,617
mainly Receivables within one year (-€64,613) and Investment in fixed assets (net) (-€456)
- Profit (loss) carried forward +€35,718
up €35,718 (+26.1%), from €137,003 to €172,720
- Tax, wage and social debts +€14,159
up €14,159 (+76.8%), from €18,435 to €32,594
- Trade debts +€4,502
up €4,502 (+99.0%), from €4,546 to €9,048
- Gross operating margin +€9,496
up €9,496 (+29.1%), from €32,585 to €42,081
- Taxes +€3,076
up €3,076 (+23.9%), from €12,851 to €15,927
- Financial charges -€587
down €587 (-85.8%), from €684 to €97
- Depreciation -€495
down €495 (-38.9%), from €1,272 to €777
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 | €200,435 | €254,814 | +€54,379 | +27.1% |
| Fixed assets | 21/28 | €1,849 | €1,528 | -€321 | -17.4% |
| Tangible fixed assets | 22/27 | €1,678 | €1,357 | -€321 | -19.1% |
| Furniture and vehicles | 24 | €1,678 | €1,357 | -€321 | -19.1% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €198,586 | €253,286 | +€54,700 | +27.5% |
| Amounts receivable within one year | 40/41 | €179,709 | €244,321 | +€64,613 | +36.0% |
| Trade receivables | 40 | €5,114 | €29,936 | +€24,823 | +485% |
| Other amounts receivable | 41 | €174,595 | €214,385 | +€39,790 | +22.8% |
| Cash at bank and in hand | 54/58 | €17,850 | €8,617 | -€9,233 | -51.7% |
| Deferred charges and accrued income | 490/1 | €1,027 | €348 | -€679 | -66.1% |
| Total equity and liabilities | 10/49 | €200,435 | €254,814 | +€54,379 | +27.1% |
| Equity | 10/15 | €177,454 | €213,171 | +€35,718 | +20.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,859 | €21,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,003 | €172,720 | +€35,718 | +26.1% |
| Amounts payable | 17/49 | €22,981 | €41,643 | +€18,662 | +81.2% |
| Amounts payable within one year | 42/48 | €22,981 | €41,643 | +€18,662 | +81.2% |
| Trade debts | 44 | €4,546 | €9,048 | +€4,502 | +99.0% |
| Suppliers | 440/4 | €4,546 | €9,048 | +€4,502 | +99.0% |
| Taxes, remuneration and social security | 45 | €18,435 | €32,594 | +€14,159 | +76.8% |
| Taxes | 450/3 | €18,435 | €32,594 | +€14,159 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,272 | €777 | -€495 | -38.9% |
| Other operating charges | 640/8 | €10 | €137 | +€127 | +1,242% |
| Gross operating margin | 9900 | €32,585 | €42,081 | +€9,496 | +29.1% |
| Operating profit (loss) | 9901 | €31,303 | €41,167 | +€9,864 | +31.5% |
| Financial income | 75/76B | €10,545 | €10,575 | +€30 | +0.3% |
| Recurring financial income | 75 | €10,545 | €10,575 | +€30 | +0.3% |
| Financial charges | 65/66B | €684 | €97 | -€587 | -85.8% |
| Recurring financial charges | 65 | €684 | €97 | -€587 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €41,164 | €51,645 | +€10,481 | +25.5% |
| Income taxes | 67/77 | €12,851 | €15,927 | +€3,076 | +23.9% |
| Profit (loss) for the period | 9904 | €28,313 | €35,718 | +€7,405 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,313 | €35,718 | +€7,405 | +26.2% |
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 18 October 2026 via checked.be.