A.I.S: 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.S
Largest movements
- Receivables within one year +€11.9m
up €11.9m (+3,851%), from €309,242 to €12.2m
of which Other amounts receivable: +€11.9m
- Financial fixed assets -€2.1m
down €2.1m (-81.9%), from €2.5m to €455,090
- Other debts +€9.7m
up €9.7m (+381%), from €2.6m to €12.3m
- Financial income +€9.7m
up €9.7m (+105,776,982%), from €9 to €9.7m
of which Non-recurring financial income: +€9.7m
- Gross operating margin -€101,985
down €101,985 (-84.4%), from €120,778 to €18,793
- Financial charges -€79,586
down €79,586 (-72.0%), from €110,490 to €30,904
- Taxes -€2,485
down €2,485 (-100%), from €2,485 to €0
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 | €3,117,234 | €12,764,129 | +€9.6m | +309% |
| Fixed assets | 21/28 | €2,567,592 | €455,090 | -€2.1m | -82.3% |
| Tangible fixed assets | 22/27 | €50,000 | €0 | -€50,000 | -100% |
| Land and buildings | 22 | €50,000 | €0 | -€50,000 | -100% |
| Financial fixed assets | 28 | €2,517,592 | €455,090 | -€2.1m | -81.9% |
| Current assets | 29/58 | €549,642 | €12,309,039 | +€11.8m | +2,139% |
| Stocks and contracts in progress | 3 | €87,431 | €51,093 | -€36,338 | -41.6% |
| Stocks | 30/36 | €87,431 | €51,093 | -€36,338 | -41.6% |
| Amounts receivable within one year | 40/41 | €309,242 | €12,219,165 | +€11.9m | +3,851% |
| Trade receivables | 40 | €284,519 | €264,650 | -€19,869 | -7.0% |
| Other amounts receivable | 41 | €24,723 | €11,954,515 | +€11.9m | +48,254% |
| Cash at bank and in hand | 54/58 | €152,969 | €38,781 | -€114,188 | -74.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,117,234 | €12,764,129 | +€9.6m | +309% |
| Equity | 10/15 | €370,269 | €370,269 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €308,269 | €308,269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,485 | €27,485 | = | 0.0% |
| Distributable reserves | 133 | €274,584 | €274,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,746,965 | €12,393,860 | +€9.6m | +351% |
| Amounts payable within one year | 42/48 | €2,693,050 | €12,367,234 | +€9.7m | +359% |
| Trade debts | 44 | €129,536 | €59,747 | -€69,789 | -53.9% |
| Suppliers | 440/4 | €129,536 | €59,747 | -€69,789 | -53.9% |
| Taxes, remuneration and social security | 45 | €2,485 | €0 | -€2,485 | -100% |
| Taxes | 450/3 | €2,485 | €0 | -€2,485 | -100% |
| Other amounts payable | 47/48 | €2,561,029 | €12,307,487 | +€9.7m | +381% |
| Accrued charges and deferred income | 492/3 | €53,915 | €26,626 | -€27,289 | -50.6% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Other operating charges | 640/8 | €1,177 | €1,761 | +€585 | +49.7% |
| Non-recurring operating charges | 66A | - | €1,389 | +€1,389 | |
| Gross operating margin | 9900 | €120,778 | €18,793 | -€101,985 | -84.4% |
| Operating profit (loss) | 9901 | €119,601 | €15,642 | -€103,959 | -86.9% |
| Financial income | 75/76B | €9 | €9,689,181 | +€9.7m | +105,776,982% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.8% |
| Non-recurring financial income | 76B | - | €9,689,181 | +€9.7m | |
| Financial charges | 65/66B | €110,490 | €30,904 | -€79,586 | -72.0% |
| Recurring financial charges | 65 | €110,490 | €30,904 | -€79,586 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €9,121 | €9,673,919 | +€9.7m | +105,967% |
| Income taxes | 67/77 | €2,485 | €0 | -€2,485 | -100% |
| Profit (loss) for the period | 9904 | €6,635 | €9,673,919 | +€9.7m | +145,696% |
| Profit (loss) for the period to be appropriated | 9905 | €6,635 | €9,673,919 | +€9.7m | +145,696% |
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 24 October 2026 via checked.be.