A-ONE: 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.
A-ONE
Largest movements
- Receivables within one year +€105,071
up €105,071 (+2544.5%), from €4,129 to €109,201
of which Trade receivables: +€108,790
- Cash +€13,531
up €13,531 (+63.2%), from €21,400 to €34,931
mainly Advances received (+€103,149) and Trade debts (+€59,265)
- Tangible fixed assets -€11,914
down €11,914 (-34.3%), from €34,700 to €22,786
of which Furniture and vehicles: -€16,325
- Deferred charges and accrued income +€3,418
up €3,418 (+236.5%), from €1,445 to €4,863
- Advances received +€103,149
new in 2025: €103,149
- Trade debts +€59,265
up €59,265 (+172.6%), from €34,343 to €93,607
- Profit (loss) carried forward -€47,522
new in 2025: -€47,522
- Debts after one year -€5,390
down €5,390 (-61.6%), from €8,754 to €3,364
- Other debts -€2,727
down €2,727 (-10.1%), from €26,902 to €24,175
- Gross operating margin -€45,023
down €45,023, from €5,327 to -€39,696
- Depreciation +€4,230
up €4,230 (+232.5%), from €1,819 to €6,049
- Taxes -€718
no longer reported in 2025 (was €718)
- Financial charges -€454
down €454 (-30.1%), from €1,506 to €1,052
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 | €78,877 | €188,359 | +€109,482 | +138.8% |
| Formation expenses | 20 | €1,880 | €1,434 | -€446 | -23.7% |
| Fixed assets | 21/28 | €35,200 | €23,286 | -€11,914 | -33.8% |
| Tangible fixed assets | 22/27 | €34,700 | €22,786 | -€11,914 | -34.3% |
| Furniture and vehicles | 24 | €22,471 | €6,147 | -€16,325 | -72.6% |
| Other tangible fixed assets | 26 | €12,229 | €16,639 | +€4,410 | +36.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €41,797 | €163,639 | +€121,842 | +291.5% |
| Stocks and contracts in progress | 3 | €14,822 | €14,644 | -€178 | -1.2% |
| Stocks | 30/36 | €14,822 | €14,644 | -€178 | -1.2% |
| Amounts receivable within one year | 40/41 | €4,129 | €109,201 | +€105,071 | +2544.5% |
| Trade receivables | 40 | €411 | €109,201 | +€108,790 | +26459.2% |
| Other amounts receivable | 41 | €3,718 | - | -€3,718 | |
| Cash at bank and in hand | 54/58 | €21,400 | €34,931 | +€13,531 | +63.2% |
| Deferred charges and accrued income | 490/1 | €1,445 | €4,863 | +€3,418 | +236.5% |
| Total equity and liabilities | 10/49 | €78,877 | €188,359 | +€109,482 | +138.8% |
| Equity | 10/15 | €3,201 | -€44,522 | -€47,723 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €201 | - | -€201 | |
| Distributable reserves | 133 | €201 | - | -€201 | |
| Profit (loss) carried forward | 14 | - | -€47,522 | -€47,522 | |
| Amounts payable | 17/49 | €75,676 | €232,881 | +€157,204 | +207.7% |
| Amounts payable after more than one year | 17 | €8,754 | €3,364 | -€5,390 | -61.6% |
| Financial debts | 170/4 | €8,754 | €3,364 | -€5,390 | -61.6% |
| Amounts payable within one year | 42/48 | €66,922 | €229,442 | +€162,520 | +242.8% |
| Current portion of amounts payable after more than one year | 42 | €4,960 | €5,394 | +€434 | +8.8% |
| Trade debts | 44 | €34,343 | €93,607 | +€59,265 | +172.6% |
| Suppliers | 440/4 | €34,343 | €93,607 | +€59,265 | +172.6% |
| Advances received on contracts in progress | 46 | - | €103,149 | +€103,149 | |
| Taxes, remuneration and social security | 45 | €718 | €3,117 | +€2,399 | +334.3% |
| Taxes | 450/3 | €718 | €3,117 | +€2,399 | +334.3% |
| Other amounts payable | 47/48 | €26,902 | €24,175 | -€2,727 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,819 | €6,049 | +€4,230 | +232.5% |
| Other operating charges | 640/8 | €1,088 | €1,015 | -€73 | -6.7% |
| Gross operating margin | 9900 | €5,327 | -€39,696 | -€45,023 | |
| Operating profit (loss) | 9901 | €2,419 | -€46,761 | -€49,180 | |
| Financial income | 75/76B | €6 | €90 | +€84 | +1475.7% |
| Recurring financial income | 75 | €6 | €90 | +€84 | +1475.7% |
| Financial charges | 65/66B | €1,506 | €1,052 | -€454 | -30.1% |
| Recurring financial charges | 65 | €1,506 | €1,052 | -€454 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €919 | -€47,723 | -€48,641 | |
| Income taxes | 67/77 | €718 | - | -€718 | |
| Profit (loss) for the period | 9904 | €201 | -€47,723 | -€47,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €201 | -€47,723 | -€47,924 |
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 6 October 2026 via checked.be.