A1AR: 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.
A1AR
Largest movements
- Cash +€287,159
up €287,159 (+26.5%), from €1.1m to €1.4m
mainly Net result for the year (+€507,034) and Tax, wage and social debts (+€146,921)
- Receivables within one year +€204,806
up €204,806 (+16.5%), from €1.2m to €1.4m
of which Trade receivables: +€288,351
- Tangible fixed assets +€52,743
up €52,743 (+19.6%), from €269,362 to €322,105
of which Furniture and vehicles: +€63,224
- Reserves +€291,969
up €291,969 (+16.2%), from €1.8m to €2.1m
of which Distributable reserves: +€291,969
- Tax, wage and social debts +€146,921
up €146,921 (+58.3%), from €251,875 to €398,796
of which Taxes: +€144,455
- Other debts +€144,080
up €144,080 (+202.0%), from €71,339 to €215,419
- Trade debts -€50,035
down €50,035 (-13.8%), from €362,517 to €312,482
- Gross operating margin +€288,604
up €288,604 (+17.9%), from €1.6m to €1.9m
- Staff costs +€93,175
up €93,175 (+9.6%), from €974,418 to €1.1m
- Other operating charges -€83,296
down €83,296 (-92.0%), from €90,558 to €7,262
- Taxes +€72,900
up €72,900 (+42.6%), from €171,120 to €244,019
- Financial income -€27,610
down €27,610 (-99.8%), from €27,673 to €62
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 | €2,611,180 | €3,146,205 | +€535,025 | +20.5% |
| Fixed assets | 21/28 | €273,462 | €326,205 | +€52,743 | +19.3% |
| Tangible fixed assets | 22/27 | €269,362 | €322,105 | +€52,743 | +19.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €28,519 | €91,743 | +€63,224 | +221.7% |
| Other tangible fixed assets | 26 | €240,843 | €201,029 | -€39,814 | -16.5% |
| Assets under construction and advance payments | 27 | - | €29,334 | +€29,334 | |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €2,337,718 | €2,820,000 | +€482,282 | +20.6% |
| Amounts receivable within one year | 40/41 | €1,242,787 | €1,447,593 | +€204,806 | +16.5% |
| Trade receivables | 40 | €655,911 | €944,262 | +€288,351 | +44.0% |
| Other amounts receivable | 41 | €586,876 | €503,331 | -€83,545 | -14.2% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,084,560 | €1,371,719 | +€287,159 | +26.5% |
| Deferred charges and accrued income | 490/1 | €9,871 | €188 | -€9,683 | -98.1% |
| Total equity and liabilities | 10/49 | €2,611,180 | €3,146,205 | +€535,025 | +20.5% |
| Equity | 10/15 | €1,804,884 | €2,096,853 | +€291,969 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,798,684 | €2,090,653 | +€291,969 | +16.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,796,684 | €2,088,653 | +€291,969 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €806,296 | €1,049,352 | +€243,056 | +30.1% |
| Amounts payable after more than one year | 17 | €63,429 | €88,362 | +€24,933 | +39.3% |
| Financial debts | 170/4 | €63,429 | €88,362 | +€24,933 | +39.3% |
| Amounts payable within one year | 42/48 | €742,778 | €960,939 | +€218,161 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €55,977 | €33,160 | -€22,817 | -40.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €362,517 | €312,482 | -€50,035 | -13.8% |
| Suppliers | 440/4 | €362,517 | €312,482 | -€50,035 | -13.8% |
| Advances received on contracts in progress | 46 | €1,070 | €1,083 | +€13 | +1.2% |
| Taxes, remuneration and social security | 45 | €251,875 | €398,796 | +€146,921 | +58.3% |
| Taxes | 450/3 | €92,365 | €236,820 | +€144,455 | +156.4% |
| Remuneration and social security | 454/9 | €159,509 | €161,975 | +€2,466 | +1.5% |
| Other amounts payable | 47/48 | €71,339 | €215,419 | +€144,080 | +202.0% |
| Accrued charges and deferred income | 492/3 | €89 | €51 | -€38 | -43.1% |
| Remuneration, social security and pensions | 62 | €974,418 | €1,067,593 | +€93,175 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,406 | €59,247 | +€4,840 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,731 | +€17,731 | |
| Other operating charges | 640/8 | €90,558 | €7,262 | -€83,296 | -92.0% |
| Gross operating margin | 9900 | €1,615,631 | €1,904,235 | +€288,604 | +17.9% |
| Operating profit (loss) | 9901 | €496,249 | €752,403 | +€256,154 | +51.6% |
| Financial income | 75/76B | €27,673 | €62 | -€27,610 | -99.8% |
| Recurring financial income | 75 | €27,673 | €62 | -€27,610 | -99.8% |
| Financial charges | 65/66B | €2,020 | €1,411 | -€608 | -30.1% |
| Recurring financial charges | 65 | €2,020 | €1,411 | -€608 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €521,902 | €751,054 | +€229,152 | +43.9% |
| Income taxes | 67/77 | €171,120 | €244,019 | +€72,900 | +42.6% |
| Profit (loss) for the period | 9904 | €350,782 | €507,034 | +€156,252 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €350,782 | €507,034 | +€156,252 | +44.5% |
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 1 October 2026 via checked.be.