A & P1: 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 & P1
Largest movements
- Stocks and contracts -€83,747
down €83,747 (-34.6%), from €242,172 to €158,425
- Cash +€5,915
up €5,915 (+665.9%), from €888 to €6,803
mainly Stocks and contracts (+€83,747) and Contributions, distributions and other (+€16,484)
- Trade debts -€57,100
down €57,100 (-17.8%), from €320,276 to €263,176
- Profit (loss) carried forward -€21,461
down €21,461 (-19.8%), from -€108,242 to -€129,703
- Contributions +€16,484
up €16,484 (+468.8%), from €3,516 to €20,000
- Tax, wage and social debts -€14,246
down €14,246 (-47.9%), from €29,748 to €15,502
- Purchases and services -€96,801
down €96,801 (-33.2%), from €291,556 to €194,755
- Turnover -€69,733
down €69,733 (-30.7%), from €226,824 to €157,091
- Gross operating margin +€46,678
up €46,678 (+72.1%), from -€64,732 to -€18,053
- Other operating charges -€2,609
down €2,609 (-53.0%), from €4,918 to €2,309
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 | €245,298 | €169,214 | -€76,085 | -31.0% |
| Fixed assets | 21/28 | €1,784 | €1,391 | -€393 | -22.0% |
| Tangible fixed assets | 22/27 | €1,784 | €1,391 | -€393 | -22.0% |
| Other tangible fixed assets | 26 | €1,784 | €1,391 | -€393 | -22.0% |
| Current assets | 29/58 | €243,515 | €167,823 | -€75,692 | -31.1% |
| Stocks and contracts in progress | 3 | €242,172 | €158,425 | -€83,747 | -34.6% |
| Stocks | 30/36 | €242,172 | €158,425 | -€83,747 | -34.6% |
| Amounts receivable within one year | 40/41 | €455 | €2,595 | +€2,140 | +470.7% |
| Trade receivables | 40 | €455 | €2,595 | +€2,140 | +470.7% |
| Cash at bank and in hand | 54/58 | €888 | €6,803 | +€5,915 | +665.9% |
| Total equity and liabilities | 10/49 | €245,298 | €169,214 | -€76,085 | -31.0% |
| Equity | 10/15 | -€104,725 | -€109,703 | -€4,978 | -4.8% |
| Contributions | 10/11 | €3,516 | €20,000 | +€16,484 | +468.8% |
| Profit (loss) carried forward | 14 | -€108,242 | -€129,703 | -€21,461 | -19.8% |
| Amounts payable | 17/49 | €350,024 | €278,917 | -€71,107 | -20.3% |
| Amounts payable within one year | 42/48 | €350,024 | €278,917 | -€71,107 | -20.3% |
| Trade debts | 44 | €320,276 | €263,176 | -€57,100 | -17.8% |
| Suppliers | 440/4 | €320,276 | €263,176 | -€57,100 | -17.8% |
| Taxes, remuneration and social security | 45 | €29,748 | €15,502 | -€14,246 | -47.9% |
| Taxes | 450/3 | €29,748 | €15,502 | -€14,246 | -47.9% |
| Other amounts payable | 47/48 | - | €239 | +€239 | |
| Turnover | 70 | €226,824 | €157,091 | -€69,733 | -30.7% |
| Non-recurring operating income | 76A | - | €19,611 | +€19,611 | |
| Goods, raw materials, services and sundry goods | 60/61 | €291,556 | €194,755 | -€96,801 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €393 | +€213 | +118.6% |
| Other operating charges | 640/8 | €4,918 | €2,309 | -€2,609 | -53.0% |
| Gross operating margin | 9900 | -€64,732 | -€18,053 | +€46,678 | +72.1% |
| Operating profit (loss) | 9901 | -€69,829 | -€20,755 | +€49,074 | +70.3% |
| Financial charges | 65/66B | €500 | €706 | +€206 | +41.2% |
| Recurring financial charges | 65 | €500 | €706 | +€206 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | -€70,329 | -€21,461 | +€48,868 | +69.5% |
| Profit (loss) for the period | 9904 | -€70,329 | -€21,461 | +€48,868 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,329 | -€21,461 | +€48,868 | +69.5% |
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 7 October 2026 via checked.be.