A2 IRON: 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.
A2 IRON
Largest movements
- Tangible fixed assets +€201,771
up €201,771 (+40.9%), from €492,924 to €694,695
- Receivables within one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Other debts +€193,067
up €193,067 (+35.4%), from €545,561 to €738,628
- Gross operating margin -€1,994
down €1,994 (-8.0%), from €25,006 to €23,012
- Other operating charges +€968
up €968 (+34.3%), from €2,826 to €3,794
- Depreciation +€918
up €918 (+4.4%), from €20,868 to €21,786
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,401 | €698,047 | +€191,646 | +37.8% |
| Fixed assets | 21/28 | €492,924 | €694,695 | +€201,771 | +40.9% |
| Tangible fixed assets | 22/27 | €492,924 | €694,695 | +€201,771 | +40.9% |
| Land and buildings | 22 | €492,924 | €694,695 | +€201,771 | +40.9% |
| Current assets | 29/58 | €13,476 | €3,351 | -€10,125 | -75.1% |
| Amounts receivable within one year | 40/41 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 41 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €662 | €537 | -€125 | -18.9% |
| Deferred charges and accrued income | 490/1 | €2,814 | €2,814 | = | 0.0% |
| Total equity and liabilities | 10/49 | €506,401 | €698,047 | +€191,646 | +37.8% |
| Equity | 10/15 | -€39,937 | -€42,517 | -€2,580 | -6.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,937 | -€73,517 | -€2,580 | -3.6% |
| Amounts payable | 17/49 | €546,337 | €740,564 | +€194,226 | +35.6% |
| Amounts payable within one year | 42/48 | €545,777 | €740,077 | +€194,301 | +35.6% |
| Trade debts | 44 | €216 | €1,450 | +€1,233 | +570.3% |
| Suppliers | 440/4 | €216 | €1,450 | +€1,233 | +570.3% |
| Other amounts payable | 47/48 | €545,561 | €738,628 | +€193,067 | +35.4% |
| Accrued charges and deferred income | 492/3 | €561 | €486 | -€74 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,868 | €21,786 | +€918 | +4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,826 | €3,794 | +€968 | +34.3% |
| Gross operating margin | 9900 | €25,006 | €23,012 | -€1,994 | -8.0% |
| Operating profit (loss) | 9901 | €1,312 | -€2,568 | -€3,880 | |
| Financial charges | 65/66B | €30 | €13 | -€18 | -58.3% |
| Recurring financial charges | 65 | €30 | €13 | -€18 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €1,282 | -€2,580 | -€3,862 | |
| Profit (loss) for the period | 9904 | €1,282 | -€2,580 | -€3,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,282 | -€2,580 | -€3,862 |
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 10 October 2026 via checked.be.