A.S: 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.S
Largest movements
- Cash +€4,752
up €4,752 (+163.0%), from €2,915 to €7,667
mainly Net result for the year (+€20,245) and Other debts (+€4,250)
- Deferred charges and accrued income +€4,310
up €4,310 (+5458.8%), from €79 to €4,389
- Receivables within one year +€2,197
up €2,197 (+29.4%), from €7,483 to €9,680
of which Trade receivables: +€3,947
- Tangible fixed assets -€1,580
down €1,580 (-53.2%), from €2,970 to €1,390
- Profit (loss) carried forward +€6,092
no longer reported in 2025 (was -€6,092)
- Other debts +€4,250
up €4,250 (+213.5%), from €1,990 to €6,240
- Debts after one year -€2,217
down €2,217 (-46.5%), from €4,769 to €2,552
- Tax, wage and social debts +€1,990
up €1,990 (+19.9%), from €9,982 to €11,972
of which Taxes: +€2,990
- Current portion of long-term debt -€280
down €280 (-13.4%), from €2,091 to €1,811
- Gross operating margin +€34,313
up €34,313, from -€2,221 to €32,091
- Taxes +€5,793
up €5,793 (+4291.3%), from €135 to €5,928
- Other operating charges -€1,320
down €1,320 (-42.1%), from €3,134 to €1,815
- Financial charges +€1,247
up €1,247 (+97.7%), from €1,276 to €2,524
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 | €13,447 | €23,125 | +€9,679 | +72.0% |
| Fixed assets | 21/28 | €2,970 | €1,390 | -€1,580 | -53.2% |
| Tangible fixed assets | 22/27 | €2,970 | €1,390 | -€1,580 | -53.2% |
| Furniture and vehicles | 24 | €2,970 | €1,390 | -€1,580 | -53.2% |
| Current assets | 29/58 | €10,477 | €21,736 | +€11,259 | +107.5% |
| Amounts receivable within one year | 40/41 | €7,483 | €9,680 | +€2,197 | +29.4% |
| Trade receivables | 40 | €5,733 | €9,680 | +€3,947 | +68.8% |
| Other amounts receivable | 41 | €1,750 | €0 | -€1,750 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,915 | €7,667 | +€4,752 | +163.0% |
| Deferred charges and accrued income | 490/1 | €79 | €4,389 | +€4,310 | +5458.8% |
| Total equity and liabilities | 10/49 | €13,447 | €23,125 | +€9,679 | +72.0% |
| Equity | 10/15 | -€5,542 | €550 | +€6,092 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,092 | - | +€6,092 | |
| Amounts payable | 17/49 | €18,988 | €22,575 | +€3,587 | +18.9% |
| Amounts payable after more than one year | 17 | €4,769 | €2,552 | -€2,217 | -46.5% |
| Financial debts | 170/4 | €4,769 | €2,552 | -€2,217 | -46.5% |
| Amounts payable within one year | 42/48 | €14,063 | €20,023 | +€5,960 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €2,091 | €1,811 | -€280 | -13.4% |
| Taxes, remuneration and social security | 45 | €9,982 | €11,972 | +€1,990 | +19.9% |
| Taxes | 450/3 | €6,982 | €9,972 | +€2,990 | +42.8% |
| Remuneration and social security | 454/9 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts payable | 47/48 | €1,990 | €6,240 | +€4,250 | +213.5% |
| Accrued charges and deferred income | 492/3 | €156 | - | -€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €1,580 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,134 | €1,815 | -€1,320 | -42.1% |
| Gross operating margin | 9900 | -€2,221 | €32,091 | +€34,313 | |
| Operating profit (loss) | 9901 | -€6,936 | €28,697 | +€35,632 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,276 | €2,524 | +€1,247 | +97.7% |
| Recurring financial charges | 65 | €1,276 | €2,524 | +€1,247 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,203 | €26,173 | +€34,376 | |
| Income taxes | 67/77 | €135 | €5,928 | +€5,793 | +4291.3% |
| Profit (loss) for the period | 9904 | -€8,338 | €20,245 | +€28,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,338 | €20,245 | +€28,583 |
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 12 October 2026 via checked.be.