A+ financial services: 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+ financial services
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Cash -€10,168
down €10,168 (-64.5%), from €15,759 to €5,591
mainly Investment in fixed assets (net) (-€102,702) and Tax, wage and social debts (-€1,844)
- Reserves +€49,941
up €49,941 (+975%), from €5,120 to €55,060
- Debts after one year +€20,575
up €20,575 (+34.3%), from €60,000 to €80,575
- Other debts +€13,537
up €13,537 (+115%), from €11,724 to €25,260
- Current portion of long-term debt +€9,916
up €9,916 (+33.6%), from €29,509 to €39,425
- Gross operating margin +€37,432
up €37,432 (+79.2%), from €47,237 to €84,669
- Taxes +€13,753
up €13,753 (+118%), from €11,623 to €25,375
- Staff costs +€2,599
new in 2025: €2,599
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 | €130,071 | €221,760 | +€91,690 | +70.5% |
| Fixed assets | 21/28 | €106,601 | €207,558 | +€100,956 | +94.7% |
| Tangible fixed assets | 22/27 | €6,601 | €7,558 | +€956 | +14.5% |
| Plant, machinery and equipment | 23 | €4,275 | €3,459 | -€815 | -19.1% |
| Furniture and vehicles | 24 | €2,327 | €4,099 | +€1,772 | +76.1% |
| Financial fixed assets | 28 | €100,000 | €200,000 | +€100,000 | +100% |
| Current assets | 29/58 | €23,469 | €14,203 | -€9,266 | -39.5% |
| Amounts receivable within one year | 40/41 | €6,127 | €7,001 | +€874 | +14.3% |
| Other amounts receivable | 41 | €6,127 | €7,001 | +€874 | +14.3% |
| Cash at bank and in hand | 54/58 | €15,759 | €5,591 | -€10,168 | -64.5% |
| Deferred charges and accrued income | 490/1 | €1,583 | €1,611 | +€28 | +1.7% |
| Total equity and liabilities | 10/49 | €130,071 | €221,760 | +€91,690 | +70.5% |
| Equity | 10/15 | €23,670 | €73,610 | +€49,941 | +211% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,120 | €55,060 | +€49,941 | +975% |
| Distributable reserves | 133 | €5,120 | €55,060 | +€49,941 | +975% |
| Amounts payable | 17/49 | €106,401 | €148,150 | +€41,749 | +39.2% |
| Amounts payable after more than one year | 17 | €60,000 | €80,575 | +€20,575 | +34.3% |
| Financial debts | 170/4 | €60,000 | €80,575 | +€20,575 | +34.3% |
| Amounts payable within one year | 42/48 | €46,401 | €67,576 | +€21,175 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €29,509 | €39,425 | +€9,916 | +33.6% |
| Trade debts | 44 | €1,866 | €1,432 | -€434 | -23.3% |
| Suppliers | 440/4 | €1,866 | €1,432 | -€434 | -23.3% |
| Taxes, remuneration and social security | 45 | €3,302 | €1,458 | -€1,844 | -55.8% |
| Taxes | 450/3 | €3,302 | €1,458 | -€1,844 | -55.8% |
| Other amounts payable | 47/48 | €11,724 | €25,260 | +€13,537 | +115% |
| Remuneration, social security and pensions | 62 | - | €2,599 | +€2,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €1,746 | -€168 | -8.8% |
| Other operating charges | 640/8 | €786 | €862 | +€76 | +9.7% |
| Non-recurring operating charges | 66A | - | €124 | +€124 | |
| Gross operating margin | 9900 | €47,237 | €84,669 | +€37,432 | +79.2% |
| Operating profit (loss) | 9901 | €44,537 | €79,338 | +€34,801 | +78.1% |
| Financial charges | 65/66B | €4,444 | €4,022 | -€421 | -9.5% |
| Recurring financial charges | 65 | €4,444 | €4,022 | -€421 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €40,093 | €75,316 | +€35,222 | +87.9% |
| Income taxes | 67/77 | €11,623 | €25,375 | +€13,753 | +118% |
| Profit (loss) for the period | 9904 | €28,471 | €49,941 | +€21,470 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,471 | €49,941 | +€21,470 | +75.4% |
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 27 October 2026 via checked.be.