A&P SOLUTION: 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&P SOLUTION
Largest movements
- Receivables within one year -€11,829
down €11,829 (-32.2%), from €36,707 to €24,878
of which Other amounts receivable: -€11,143
- Cash +€2,314
up €2,314 (+177.8%), from €1,302 to €3,616
mainly Receivables within one year (+€11,829) and Depreciation (+€8,524)
- Profit (loss) carried forward -€12,153
no longer reported in 2025 (was €12,153)
- Debts after one year -€5,973
down €5,973 (-22.8%), from €26,141 to €20,168
- Reserves +€3,495
up €3,495 (+310.8%), from €1,124 to €4,619
- Trade debts +€2,791
up €2,791 (+30.1%), from €9,259 to €12,051
- Accrued charges and deferred income +€1,570
new in 2025: €1,570
- Gross operating margin -€11,594
down €11,594 (-74.0%), from €15,674 to €4,080
- Staff costs +€856
new in 2025: €856
- Depreciation +€802
up €802 (+10.4%), from €7,722 to €8,524
- Taxes -€764
down €764 (-100.0%), from €764 to €0
- Financial charges -€481
down €481 (-14.9%), from €3,236 to €2,756
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 | €73,199 | €64,045 | -€9,154 | -12.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €30,688 | €30,163 | -€524 | -1.7% |
| Tangible fixed assets | 22/27 | €28,828 | €28,303 | -€524 | -1.8% |
| Land and buildings | 22 | €978 | €730 | -€248 | -25.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €27,849 | €27,573 | -€276 | -1.0% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €42,511 | €33,882 | -€8,630 | -20.3% |
| Stocks and contracts in progress | 3 | €3,501 | €4,073 | +€572 | +16.3% |
| Stocks | 30/36 | €3,501 | €4,073 | +€572 | +16.3% |
| Amounts receivable within one year | 40/41 | €36,707 | €24,878 | -€11,829 | -32.2% |
| Trade receivables | 40 | €13,809 | €13,123 | -€686 | -5.0% |
| Other amounts receivable | 41 | €22,898 | €11,755 | -€11,143 | -48.7% |
| Cash at bank and in hand | 54/58 | €1,302 | €3,616 | +€2,314 | +177.8% |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,315 | +€312 | +31.2% |
| Total equity and liabilities | 10/49 | €73,199 | €64,045 | -€9,154 | -12.5% |
| Equity | 10/15 | €30,678 | €22,019 | -€8,659 | -28.2% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €1,124 | €4,619 | +€3,495 | +310.8% |
| Distributable reserves | 133 | €1,124 | €4,619 | +€3,495 | +310.8% |
| Profit (loss) carried forward | 14 | €12,153 | - | -€12,153 | |
| Amounts payable | 17/49 | €42,521 | €42,026 | -€496 | -1.2% |
| Amounts payable after more than one year | 17 | €26,141 | €20,168 | -€5,973 | -22.8% |
| Financial debts | 170/4 | €26,141 | €20,168 | -€5,973 | -22.8% |
| Amounts payable within one year | 42/48 | €16,381 | €20,288 | +€3,907 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €5,457 | €5,973 | +€516 | +9.5% |
| Trade debts | 44 | €9,259 | €12,051 | +€2,791 | +30.1% |
| Suppliers | 440/4 | €9,259 | €12,051 | +€2,791 | +30.1% |
| Taxes, remuneration and social security | 45 | €1,664 | €2,264 | +€600 | +36.1% |
| Taxes | 450/3 | €1,664 | €764 | -€900 | -54.1% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | - | €1,570 | +€1,570 | |
| Non-recurring operating income | 76A | - | €1,061 | +€1,061 | |
| Remuneration, social security and pensions | 62 | - | €856 | +€856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,722 | €8,524 | +€802 | +10.4% |
| Other operating charges | 640/8 | €1,220 | €1,456 | +€236 | +19.4% |
| Non-recurring operating charges | 66A | €1,215 | - | -€1,215 | |
| Gross operating margin | 9900 | €15,674 | €4,080 | -€11,594 | -74.0% |
| Operating profit (loss) | 9901 | €5,516 | -€6,756 | -€12,273 | |
| Financial income | 75/76B | €811 | €854 | +€42 | +5.2% |
| Recurring financial income | 75 | €811 | €854 | +€42 | +5.2% |
| Financial charges | 65/66B | €3,236 | €2,756 | -€481 | -14.9% |
| Recurring financial charges | 65 | €3,236 | €2,756 | -€481 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €3,091 | -€8,658 | -€11,750 | |
| Income taxes | 67/77 | €764 | €0 | -€764 | -100.0% |
| Profit (loss) for the period | 9904 | €2,327 | -€8,659 | -€10,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,327 | -€8,659 | -€10,986 |
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.