A & GB: 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 & GB
Largest movements
- Cash +€18,218
up €18,218 (+9.9%), from €183,493 to €201,711
mainly Net result for the year (+€37,817) and Tax, wage and social debts (+€730)
- Receivables within one year +€13,300
up €13,300 (+235%), from €5,651 to €18,951
of which Other amounts receivable: +€16,931
- Tangible fixed assets +€4,538
new in 2025: €4,538
- Profit (loss) carried forward +€37,817
up €37,817 (+14.2%), from €265,442 to €303,260
- Taxes -€7,077
down €7,077 (-32.9%), from €21,495 to €14,419
- Gross operating margin +€2,645
up €2,645 (+5.2%), from €50,496 to €53,141
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 | €288,939 | €327,699 | +€38,761 | +13.4% |
| Fixed assets | 21/28 | - | €4,538 | +€4,538 | |
| Tangible fixed assets | 22/27 | - | €4,538 | +€4,538 | |
| Furniture and vehicles | 24 | - | €4,538 | +€4,538 | |
| Current assets | 29/58 | €288,939 | €323,162 | +€34,223 | +11.8% |
| Stocks and contracts in progress | 3 | €99,795 | €99,795 | = | 0.0% |
| Stocks | 30/36 | €99,795 | €99,795 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,651 | €18,951 | +€13,300 | +235% |
| Trade receivables | 40 | €5,000 | €1,370 | -€3,630 | -72.6% |
| Other amounts receivable | 41 | €651 | €17,581 | +€16,931 | +2,602% |
| Cash at bank and in hand | 54/58 | €183,493 | €201,711 | +€18,218 | +9.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,705 | +€2,705 | |
| Total equity and liabilities | 10/49 | €288,939 | €327,699 | +€38,761 | +13.4% |
| Equity | 10/15 | €285,902 | €323,720 | +€37,817 | +13.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,442 | €303,260 | +€37,817 | +14.2% |
| Amounts payable | 17/49 | €3,037 | €3,980 | +€943 | +31.1% |
| Amounts payable within one year | 42/48 | €3,037 | €3,980 | +€943 | +31.1% |
| Trade debts | 44 | €537 | €636 | +€99 | +18.4% |
| Suppliers | 440/4 | €537 | €636 | +€99 | +18.4% |
| Taxes, remuneration and social security | 45 | €1,155 | €1,885 | +€730 | +63.2% |
| Taxes | 450/3 | €1,155 | €1,885 | +€730 | +63.2% |
| Other amounts payable | 47/48 | €1,344 | €1,458 | +€114 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €421 | +€421 | |
| Other operating charges | 640/8 | €397 | €383 | -€15 | -3.7% |
| Gross operating margin | 9900 | €50,496 | €53,141 | +€2,645 | +5.2% |
| Operating profit (loss) | 9901 | €50,099 | €52,337 | +€2,239 | +4.5% |
| Financial charges | 65/66B | €147 | €101 | -€46 | -31.3% |
| Recurring financial charges | 65 | €147 | €101 | -€46 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €49,951 | €52,236 | +€2,285 | +4.6% |
| Income taxes | 67/77 | €21,495 | €14,419 | -€7,077 | -32.9% |
| Profit (loss) for the period | 9904 | €28,456 | €37,817 | +€9,362 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,456 | €37,817 | +€9,362 | +32.9% |
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 13 October 2026 via checked.be.