A² MANAGEMENT: what changed
Two fiscal 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.
A² MANAGEMENT
Largest movements
- Cash -€10,063
down €10,063 (-66.1%), from €15,224 to €5,162
mainly Net result for the year (-€22,649) and Tax, wage and social debts (-€981)
- Receivables within one year -€8,139
down €8,139 (-42.1%), from €19,347 to €11,208
of which Trade receivables: -€10,858
- Profit (loss) carried forward -€22,649
down €22,649 (-393.4%), from -€5,758 to -€28,407
- Other debts +€4,611
up €4,611 (+12.0%), from €38,481 to €43,092
- Tax, wage and social debts -€981
down €981 (-27.2%), from €3,609 to €2,628
- Gross operating margin -€32,954
down €32,954, from €15,581 to -€17,373
- Financial charges -€1,446
down €1,446 (-39.7%), from €3,645 to €2,199
- Other operating charges -€746
down €746 (-22.4%), from €3,331 to €2,585
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.
Cash bridge derived
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 | €68,544 | €49,509 | -€19,035 | -27.8% |
| Fixed assets | 21/28 | €32,591 | €32,098 | -€493 | -1.5% |
| Tangible fixed assets | 22/27 | €4,091 | €3,598 | -€493 | -12.0% |
| Furniture and vehicles | 24 | €754 | €720 | -€34 | -4.5% |
| Other tangible fixed assets | 26 | €3,337 | €2,878 | -€459 | -13.8% |
| Financial fixed assets | 28 | €28,500 | €28,500 | = | 0.0% |
| Current assets | 29/58 | €35,954 | €17,411 | -€18,543 | -51.6% |
| Amounts receivable within one year | 40/41 | €19,347 | €11,208 | -€8,139 | -42.1% |
| Trade receivables | 40 | €10,858 | - | -€10,858 | |
| Other amounts receivable | 41 | €8,489 | €11,208 | +€2,719 | +32.0% |
| Cash at bank and in hand | 54/58 | €15,224 | €5,162 | -€10,063 | -66.1% |
| Deferred charges and accrued income | 490/1 | €1,383 | €1,042 | -€341 | -24.6% |
| Total equity and liabilities | 10/49 | €68,544 | €49,509 | -€19,035 | -27.8% |
| Equity | 10/15 | €14,647 | -€8,002 | -€22,649 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,758 | -€28,407 | -€22,649 | -393.4% |
| Amounts payable | 17/49 | €53,897 | €57,511 | +€3,614 | +6.7% |
| Amounts payable within one year | 42/48 | €53,897 | €57,511 | +€3,614 | +6.7% |
| Trade debts | 44 | €11,808 | €11,791 | -€16 | -0.1% |
| Suppliers | 440/4 | €11,808 | €11,791 | -€16 | -0.1% |
| Taxes, remuneration and social security | 45 | €3,609 | €2,628 | -€981 | -27.2% |
| Taxes | 450/3 | €3,609 | €2,628 | -€981 | -27.2% |
| Other amounts payable | 47/48 | €38,481 | €43,092 | +€4,611 | +12.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €493 | +€30 | +6.4% |
| Other operating charges | 640/8 | €3,331 | €2,585 | -€746 | -22.4% |
| Gross operating margin | 9900 | €15,581 | -€17,373 | -€32,954 | |
| Operating profit (loss) | 9901 | €11,787 | -€20,451 | -€32,238 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -58.3% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -58.3% |
| Financial charges | 65/66B | €3,645 | €2,199 | -€1,446 | -39.7% |
| Recurring financial charges | 65 | €3,645 | €2,199 | -€1,446 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €8,146 | -€22,649 | -€30,794 | |
| Income taxes | 67/77 | €66 | €0 | -€66 | -99.3% |
| Profit (loss) for the period | 9904 | €8,080 | -€22,649 | -€30,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,080 | -€22,649 | -€30,729 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.