A&O GROUP: 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&O GROUP
Largest movements
- Tangible fixed assets -€15,348
down €15,348 (-54.5%), from €28,154 to €12,805
of which Furniture and vehicles: -€14,648
- Receivables within one year +€4,875
up €4,875 (+14.9%), from €32,647 to €37,521
of which Other amounts receivable: +€4,850
- Cash -€1,904
down €1,904 (-80.6%), from €2,363 to €459
mainly Debts after one year (-€10,325) and Net result for the year (-€7,484)
- Deferred charges and accrued income -€1,484
down €1,484 (-87.3%), from €1,699 to €215
- Debts after one year -€10,325
down €10,325 (-51.2%), from €20,184 to €9,859
- Profit (loss) carried forward -€7,484
down €7,484 (-46.6%), from €16,054 to €8,570
- Trade debts +€5,387
up €5,387 (+293%), from €1,840 to €7,227
- Tax, wage and social debts -€2,019
down €2,019 (-58.8%), from €3,436 to €1,417
- Gross operating margin -€3,828
down €3,828 (-26.0%), from €14,706 to €10,878
- Financial charges +€951
up €951 (+28.9%), from €3,292 to €4,242
- Taxes -€701
down €701 (-84.2%), from €833 to €132
- Other operating charges -€595
down €595 (-35.1%), from €1,698 to €1,103
- Financial income +€518
up €518 (+26.6%), from €1,945 to €2,463
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 | €64,862 | €51,001 | -€13,861 | -21.4% |
| Fixed assets | 21/28 | €28,154 | €12,805 | -€15,348 | -54.5% |
| Tangible fixed assets | 22/27 | €28,154 | €12,805 | -€15,348 | -54.5% |
| Plant, machinery and equipment | 23 | €2,179 | €1,479 | -€700 | -32.1% |
| Furniture and vehicles | 24 | €25,975 | €11,327 | -€14,648 | -56.4% |
| Current assets | 29/58 | €36,709 | €38,196 | +€1,487 | +4.1% |
| Amounts receivable within one year | 40/41 | €32,647 | €37,521 | +€4,875 | +14.9% |
| Trade receivables | 40 | €7,316 | €7,341 | +€25 | +0.3% |
| Other amounts receivable | 41 | €25,331 | €30,181 | +€4,850 | +19.1% |
| Cash at bank and in hand | 54/58 | €2,363 | €459 | -€1,904 | -80.6% |
| Deferred charges and accrued income | 490/1 | €1,699 | €215 | -€1,484 | -87.3% |
| Total equity and liabilities | 10/49 | €64,862 | €51,001 | -€13,861 | -21.4% |
| Equity | 10/15 | €29,587 | €22,103 | -€7,484 | -25.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,133 | €1,133 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,133 | €1,133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,133 | €1,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,054 | €8,570 | -€7,484 | -46.6% |
| Amounts payable | 17/49 | €35,275 | €28,898 | -€6,377 | -18.1% |
| Amounts payable after more than one year | 17 | €20,184 | €9,859 | -€10,325 | -51.2% |
| Financial debts | 170/4 | €20,184 | €9,859 | -€10,325 | -51.2% |
| Amounts payable within one year | 42/48 | €15,092 | €18,969 | +€3,877 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €9,816 | €10,325 | +€509 | +5.2% |
| Trade debts | 44 | €1,840 | €7,227 | +€5,387 | +293% |
| Suppliers | 440/4 | €1,840 | €7,227 | +€5,387 | +293% |
| Taxes, remuneration and social security | 45 | €3,436 | €1,417 | -€2,019 | -58.8% |
| Taxes | 450/3 | €3,436 | €1,417 | -€2,019 | -58.8% |
| Accrued charges and deferred income | 492/3 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,348 | €15,348 | = | 0.0% |
| Other operating charges | 640/8 | €1,698 | €1,103 | -€595 | -35.1% |
| Gross operating margin | 9900 | €14,706 | €10,878 | -€3,828 | -26.0% |
| Operating profit (loss) | 9901 | -€2,341 | -€5,573 | -€3,232 | -138% |
| Financial income | 75/76B | €1,945 | €2,463 | +€518 | +26.6% |
| Recurring financial income | 75 | €1,945 | €2,463 | +€518 | +26.6% |
| Financial charges | 65/66B | €3,292 | €4,242 | +€951 | +28.9% |
| Recurring financial charges | 65 | €3,292 | €4,242 | +€951 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,688 | -€7,353 | -€3,665 | -99.4% |
| Income taxes | 67/77 | €833 | €132 | -€701 | -84.2% |
| Profit (loss) for the period | 9904 | -€4,521 | -€7,484 | -€2,964 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,521 | -€7,484 | -€2,964 | -65.6% |
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 16 October 2026 via checked.be.