A-membranes: 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-membranes
Largest movements
- Intangible fixed assets -€66,845
down €66,845 (-12.0%), from €556,024 to €489,179
- Tangible fixed assets +€42,579
up €42,579 (+270%), from €15,764 to €58,343
of which Plant, machinery and equipment: +€41,658
- Receivables within one year -€33,671
down €33,671 (-30.1%), from €111,891 to €78,220
of which Other amounts receivable: -€28,103
- Stocks and contracts -€17,222
down €17,222 (-89.0%), from €19,353 to €2,131
- Profit (loss) carried forward -€147,842
down €147,842 (-73.5%), from -€201,085 to -€348,927
- Other debts +€94,001
up €94,001 (+89.2%), from €105,361 to €199,362
- Trade debts +€75,356
up €75,356 (+286%), from €26,327 to €101,683
- Investment grants -€49,295
down €49,295 (-19.8%), from €248,672 to €199,376
- Accrued charges and deferred income -€35,183
down €35,183 (-15.4%), from €228,443 to €193,259
- Depreciation +€54,700
up €54,700 (+56.9%), from €96,059 to €150,759
- Gross operating margin -€23,046
down €23,046 (-157%), from -€14,693 to -€37,740
- Financial income +€10,665
up €10,665 (+27.5%), from €38,794 to €49,459
- Financial charges +€734
up €734 (+9.9%), from €7,425 to €8,160
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 | €705,744 | €633,856 | -€71,888 | -10.2% |
| Fixed assets | 21/28 | €571,788 | €548,522 | -€23,266 | -4.1% |
| Intangible fixed assets | 21 | €556,024 | €489,179 | -€66,845 | -12.0% |
| Tangible fixed assets | 22/27 | €15,764 | €58,343 | +€42,579 | +270% |
| Plant, machinery and equipment | 23 | €15,764 | €57,421 | +€41,658 | +264% |
| Furniture and vehicles | 24 | - | €922 | +€922 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €133,956 | €85,333 | -€48,623 | -36.3% |
| Stocks and contracts in progress | 3 | €19,353 | €2,131 | -€17,222 | -89.0% |
| Stocks | 30/36 | €19,353 | €2,131 | -€17,222 | -89.0% |
| Amounts receivable within one year | 40/41 | €111,891 | €78,220 | -€33,671 | -30.1% |
| Trade receivables | 40 | €46,250 | €40,681 | -€5,569 | -12.0% |
| Other amounts receivable | 41 | €65,641 | €37,539 | -€28,103 | -42.8% |
| Cash at bank and in hand | 54/58 | - | €4,568 | +€4,568 | |
| Deferred charges and accrued income | 490/1 | €2,712 | €414 | -€2,298 | -84.7% |
| Total equity and liabilities | 10/49 | €705,744 | €633,856 | -€71,888 | -10.2% |
| Equity | 10/15 | €197,586 | €449 | -€197,137 | -99.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,085 | -€348,927 | -€147,842 | -73.5% |
| Investment grants | 15 | €248,672 | €199,376 | -€49,295 | -19.8% |
| Amounts payable | 17/49 | €508,158 | €633,407 | +€125,249 | +24.6% |
| Amounts payable after more than one year | 17 | €132,360 | €139,102 | +€6,742 | +5.1% |
| Financial debts | 170/4 | €132,360 | €139,102 | +€6,742 | +5.1% |
| Amounts payable within one year | 42/48 | €147,355 | €301,046 | +€153,691 | +104% |
| Financial debts | 43 | €15,667 | - | -€15,667 | |
| Credit institutions | 430/8 | €15,667 | - | -€15,667 | |
| Trade debts | 44 | €26,327 | €101,683 | +€75,356 | +286% |
| Suppliers | 440/4 | €26,327 | €101,683 | +€75,356 | +286% |
| Other amounts payable | 47/48 | €105,361 | €199,362 | +€94,001 | +89.2% |
| Accrued charges and deferred income | 492/3 | €228,443 | €193,259 | -€35,183 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,059 | €150,759 | +€54,700 | +56.9% |
| Other operating charges | 640/8 | €479 | €412 | -€67 | -14.0% |
| Non-recurring operating charges | 66A | - | €231 | +€231 | |
| Gross operating margin | 9900 | -€14,693 | -€37,740 | -€23,046 | -157% |
| Operating profit (loss) | 9901 | -€111,231 | -€189,141 | -€77,910 | -70.0% |
| Financial income | 75/76B | €38,794 | €49,459 | +€10,665 | +27.5% |
| Recurring financial income | 75 | €38,794 | €49,459 | +€10,665 | +27.5% |
| Financial charges | 65/66B | €7,425 | €8,160 | +€734 | +9.9% |
| Recurring financial charges | 65 | €7,425 | €8,160 | +€734 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€79,863 | -€147,842 | -€67,979 | -85.1% |
| Profit (loss) for the period | 9904 | -€79,863 | -€147,842 | -€67,979 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,863 | -€147,842 | -€67,979 | -85.1% |
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 20 October 2026 via checked.be.