A&I Associates: 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&I Associates
Largest movements
- Cash -€103,919
down €103,919 (-67.6%), from €153,785 to €49,866
mainly Tax, wage and social debts (-€42,804) and Net result for the year (-€33,053)
- Receivables within one year -€4,513
down €4,513 (-3.8%), from €119,012 to €114,500
of which Trade receivables: -€33,000
- Tax, wage and social debts -€42,804
down €42,804 (-81.8%), from €52,343 to €9,539
- Profit (loss) carried forward -€33,053
down €33,053 (-17.6%), from €187,426 to €154,373
- Trade debts -€33,052
down €33,052 (-99.1%), from €33,344 to €291
- Gross operating margin -€153,012
down €153,012, from €115,850 to -€37,162
- Taxes -€24,539
no longer reported in 2025 (was €24,539)
- Financial income +€3,270
up €3,270 (+203%), from €1,608 to €4,878
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 | €275,112 | €166,203 | -€108,909 | -39.6% |
| Fixed assets | 21/28 | €1,496 | €1,067 | -€429 | -28.7% |
| Tangible fixed assets | 22/27 | €1,176 | €747 | -€429 | -36.5% |
| Furniture and vehicles | 24 | €1,176 | €747 | -€429 | -36.5% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €273,616 | €165,136 | -€108,480 | -39.6% |
| Amounts receivable within one year | 40/41 | €119,012 | €114,500 | -€4,513 | -3.8% |
| Trade receivables | 40 | €33,000 | - | -€33,000 | |
| Other amounts receivable | 41 | €86,012 | €114,500 | +€28,487 | +33.1% |
| Cash at bank and in hand | 54/58 | €153,785 | €49,866 | -€103,919 | -67.6% |
| Deferred charges and accrued income | 490/1 | €819 | €771 | -€49 | -5.9% |
| Total equity and liabilities | 10/49 | €275,112 | €166,203 | -€108,909 | -39.6% |
| Equity | 10/15 | €189,426 | €156,373 | -€33,053 | -17.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,426 | €154,373 | -€33,053 | -17.6% |
| Amounts payable | 17/49 | €85,687 | €9,830 | -€75,856 | -88.5% |
| Amounts payable within one year | 42/48 | €85,687 | €9,830 | -€75,856 | -88.5% |
| Trade debts | 44 | €33,344 | €291 | -€33,052 | -99.1% |
| Suppliers | 440/4 | €33,344 | €291 | -€33,052 | -99.1% |
| Taxes, remuneration and social security | 45 | €52,343 | €9,539 | -€42,804 | -81.8% |
| Taxes | 450/3 | €52,343 | €9,539 | -€42,804 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €429 | +€318 | +285% |
| Gross operating margin | 9900 | €115,850 | -€37,162 | -€153,012 | |
| Operating profit (loss) | 9901 | €115,739 | -€37,591 | -€153,330 | |
| Financial income | 75/76B | €1,608 | €4,878 | +€3,270 | +203% |
| Recurring financial income | 75 | €1,608 | €4,878 | +€3,270 | +203% |
| Financial charges | 65/66B | €252 | €339 | +€88 | +34.8% |
| Recurring financial charges | 65 | €252 | €339 | +€88 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €117,095 | -€33,053 | -€150,148 | |
| Income taxes | 67/77 | €24,539 | - | -€24,539 | |
| Profit (loss) for the period | 9904 | €92,556 | -€33,053 | -€125,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,556 | -€33,053 | -€125,609 |
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 26 October 2026 via checked.be.