A & G Project: 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 & G Project
Largest movements
- Receivables within one year +€3,398
up €3,398 (+17.1%), from €19,891 to €23,289
of which Other amounts receivable: +€1,722
- Cash +€2,724
up €2,724 (+99.5%), from €2,738 to €5,462
mainly Net result for the year (+€12,139) and Tax, wage and social debts (+€2,246)
- Tangible fixed assets -€478
down €478 (-41.4%), from €1,154 to €676
- Profit (loss) carried forward +€12,139
up €12,139, from -€2,787 to €9,352
- Other debts -€4,613
down €4,613 (-60.9%), from €7,575 to €2,962
- Trade debts -€3,954
down €3,954 (-23.1%), from €17,128 to €13,174
- Tax, wage and social debts +€2,246
up €2,246 (+1,490%), from €151 to €2,396
- Gross operating margin +€30,964
up €30,964, from -€12,702 to €18,262
- Financial charges +€3,247
up €3,247 (+194%), from €1,671 to €4,918
- Other operating charges -€1,189
down €1,189 (-61.8%), from €1,924 to €735
- Taxes -€878
no longer reported in 2025 (was €878)
- Depreciation +€199
up €199 (+71.1%), from €279 to €478
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 | €24,566 | €30,384 | +€5,818 | +23.7% |
| Fixed assets | 21/28 | €1,154 | €676 | -€478 | -41.4% |
| Tangible fixed assets | 22/27 | €1,154 | €676 | -€478 | -41.4% |
| Plant, machinery and equipment | 23 | €1,154 | €676 | -€478 | -41.4% |
| Current assets | 29/58 | €23,412 | €29,708 | +€6,296 | +26.9% |
| Amounts receivable within one year | 40/41 | €19,891 | €23,289 | +€3,398 | +17.1% |
| Trade receivables | 40 | €18,917 | €20,593 | +€1,676 | +8.9% |
| Other amounts receivable | 41 | €974 | €2,695 | +€1,722 | +177% |
| Cash at bank and in hand | 54/58 | €2,738 | €5,462 | +€2,724 | +99.5% |
| Deferred charges and accrued income | 490/1 | €783 | €957 | +€174 | +22.2% |
| Total equity and liabilities | 10/49 | €24,566 | €30,384 | +€5,818 | +23.7% |
| Equity | 10/15 | -€287 | €11,852 | +€12,139 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,787 | €9,352 | +€12,139 | |
| Amounts payable | 17/49 | €24,853 | €18,532 | -€6,321 | -25.4% |
| Amounts payable within one year | 42/48 | €24,853 | €18,532 | -€6,321 | -25.4% |
| Trade debts | 44 | €17,128 | €13,174 | -€3,954 | -23.1% |
| Suppliers | 440/4 | €17,128 | €13,174 | -€3,954 | -23.1% |
| Taxes, remuneration and social security | 45 | €151 | €2,396 | +€2,246 | +1,490% |
| Remuneration and social security | 454/9 | €151 | €2,396 | +€2,246 | +1,490% |
| Other amounts payable | 47/48 | €7,575 | €2,962 | -€4,613 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279 | €478 | +€199 | +71.1% |
| Other operating charges | 640/8 | €1,924 | €735 | -€1,189 | -61.8% |
| Gross operating margin | 9900 | -€12,702 | €18,262 | +€30,964 | |
| Operating profit (loss) | 9901 | -€14,904 | €17,050 | +€31,954 | |
| Financial income | 75/76B | €103 | €8 | -€96 | -92.5% |
| Recurring financial income | 75 | €103 | €8 | -€96 | -92.5% |
| Financial charges | 65/66B | €1,671 | €4,918 | +€3,247 | +194% |
| Recurring financial charges | 65 | €1,671 | €4,918 | +€3,247 | +194% |
| Profit (loss) for the period before taxes | 9903 | -€16,472 | €12,139 | +€28,611 | |
| Income taxes | 67/77 | €878 | - | -€878 | |
| Profit (loss) for the period | 9904 | -€17,350 | €12,139 | +€29,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,350 | €12,139 | +€29,489 |
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 25 October 2026 via checked.be.