A&P Estate: 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&P Estate
Largest movements
- Tangible fixed assets -€16,620
down €16,620 (-31.3%), from €53,172 to €36,552
of which Furniture and vehicles: -€15,785
- Receivables within one year -€6,036
down €6,036 (-89.0%), from €6,780 to €744
of which Other amounts receivable: -€4,596
- Profit (loss) carried forward -€30,014
down €30,014 (-425%), from -€7,057 to -€37,071
- Other debts +€16,682
up €16,682 (+3.8%), from €438,002 to €454,684
- Debts after one year -€7,511
down €7,511 (-22.8%), from €32,935 to €25,424
- Depreciation +€14,008
up €14,008 (+536%), from €2,612 to €16,620
- Gross operating margin -€4,541
down €4,541 (-166%), from -€2,737 to -€7,278
- Financial charges +€2,135
up €2,135 (+535%), from €399 to €2,534
- Other operating charges +€1,852
up €1,852 (+104%), from €1,787 to €3,639
- Financial income -€501
down €501 (-72.1%), from €695 to €194
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 | €477,762 | €457,142 | -€20,621 | -4.3% |
| Fixed assets | 21/28 | €53,172 | €36,552 | -€16,620 | -31.3% |
| Tangible fixed assets | 22/27 | €53,172 | €36,552 | -€16,620 | -31.3% |
| Plant, machinery and equipment | 23 | €1,809 | €974 | -€835 | -46.2% |
| Furniture and vehicles | 24 | €51,363 | €35,578 | -€15,785 | -30.7% |
| Current assets | 29/58 | €424,590 | €420,590 | -€4,000 | -0.9% |
| Stocks and contracts in progress | 3 | €415,841 | €415,841 | = | 0.0% |
| Stocks | 30/36 | €415,841 | €415,841 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,780 | €744 | -€6,036 | -89.0% |
| Trade receivables | 40 | €1,440 | - | -€1,440 | |
| Other amounts receivable | 41 | €5,340 | €744 | -€4,596 | -86.1% |
| Cash at bank and in hand | 54/58 | €904 | €2,881 | +€1,977 | +219% |
| Deferred charges and accrued income | 490/1 | €1,065 | €1,124 | +€59 | +5.5% |
| Total equity and liabilities | 10/49 | €477,762 | €457,142 | -€20,621 | -4.3% |
| Equity | 10/15 | -€1,557 | -€31,571 | -€30,014 | -1,928% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,057 | -€37,071 | -€30,014 | -425% |
| Amounts payable | 17/49 | €479,319 | €488,712 | +€9,393 | +2.0% |
| Amounts payable after more than one year | 17 | €32,935 | €25,424 | -€7,511 | -22.8% |
| Financial debts | 170/4 | €32,935 | €25,424 | -€7,511 | -22.8% |
| Amounts payable within one year | 42/48 | €446,384 | €463,289 | +€16,904 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €7,025 | €7,511 | +€487 | +6.9% |
| Trade debts | 44 | €1,341 | €952 | -€389 | -29.0% |
| Suppliers | 440/4 | €1,341 | €952 | -€389 | -29.0% |
| Taxes, remuneration and social security | 45 | €16 | €141 | +€125 | +780% |
| Taxes | 450/3 | €16 | €141 | +€125 | +780% |
| Other amounts payable | 47/48 | €438,002 | €454,684 | +€16,682 | +3.8% |
| Non-recurring operating income | 76A | €2,975 | - | -€2,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,612 | €16,620 | +€14,008 | +536% |
| Other operating charges | 640/8 | €1,787 | €3,639 | +€1,852 | +104% |
| Gross operating margin | 9900 | -€2,737 | -€7,278 | -€4,541 | -166% |
| Operating profit (loss) | 9901 | -€7,137 | -€27,537 | -€20,400 | -286% |
| Financial income | 75/76B | €695 | €194 | -€501 | -72.1% |
| Recurring financial income | 75 | €695 | €194 | -€501 | -72.1% |
| Financial charges | 65/66B | €399 | €2,534 | +€2,135 | +535% |
| Recurring financial charges | 65 | €399 | €2,534 | +€2,135 | +535% |
| Profit (loss) for the period before taxes | 9903 | -€6,841 | -€29,877 | -€23,036 | -337% |
| Income taxes | 67/77 | €16 | €137 | +€121 | +752% |
| Profit (loss) for the period | 9904 | -€6,857 | -€30,014 | -€23,156 | -338% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,857 | -€30,014 | -€23,156 | -338% |
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 28 October 2026 via checked.be.