A2 PROPERTIES: 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.
What changed
A2 PROPERTIES
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€42,840
2024 · €48,176-€5,336
Equity
€2,580
2024 · -€40,260+€42,840
Cash
€4,110
2024 · €5,102-€992
Balance sheet total
€523,382
2024 · €533,259-€9,876
Largest movements
Assets
- Tangible fixed assets -€8,741
down €8,741 (-1.7%), from €526,413 to €517,672
of which Land and buildings: -€15,701
Equity and liabilities
- Debts after one year -€66,022
down €66,022 (-19.6%), from €336,045 to €270,023
- Profit (loss) carried forward +€42,840
up €42,840 (+44.5%), from -€96,307 to -€53,467
Income statement
- Gross operating margin -€8,563
down €8,563 (-9.2%), from €93,268 to €84,705
- Financial charges -€2,795
down €2,795 (-12.1%), from €23,049 to €20,254
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.
Result 2024
€48,176
Gross operating margin
-€8,563
Depreciation
+€437
Other operating charges
-€5
Financial income
-€0
Financial charges
+€2,795
Result 2025
€42,840
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.
From operations
+€65,353
Investment
-€7,420
Financing
-€58,925
Cash 2024
€5,102
From operations (derived)
+€65,353
Net result for the year
+€42,840
Depreciation
+€16,161
Receivables within one year
+€200
Deferred charges and accrued income
-€56
Trade debts
+€3,101
Other debts
+€2,647
Accrued charges and deferred income
+€461
Investment (derived)
-€7,420
Investment in fixed assets (net)
-€7,420
Current investments
-€0
Financing
-€58,925
Debts after one year
-€66,022
Current portion of long-term debt
+€5,103
Short-term financial debts
+€1,995
Cash 2025
€4,110
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,259 | €523,382 | -€9,876 | -1.9% |
| Fixed assets | 21/28 | €526,413 | €517,672 | -€8,741 | -1.7% |
| Tangible fixed assets | 22/27 | €526,413 | €517,672 | -€8,741 | -1.7% |
| Land and buildings | 22 | €525,285 | €509,584 | -€15,701 | -3.0% |
| Plant, machinery and equipment | 23 | €1,128 | €8,088 | +€6,960 | +617.0% |
| Current assets | 29/58 | €6,846 | €5,710 | -€1,136 | -16.6% |
| Amounts receivable within one year | 40/41 | €1,575 | €1,375 | -€200 | -12.7% |
| Other amounts receivable | 41 | €1,575 | €1,375 | -€200 | -12.7% |
| Current investments | 50/53 | €169 | €169 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €5,102 | €4,110 | -€992 | -19.4% |
| Deferred charges and accrued income | 490/1 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €533,259 | €523,382 | -€9,876 | -1.9% |
| Equity | 10/15 | -€40,260 | €2,580 | +€42,840 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €6,047 | €6,047 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,047 | €1,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,307 | -€53,467 | +€42,840 | +44.5% |
| Amounts payable | 17/49 | €573,519 | €520,802 | -€52,716 | -9.2% |
| Amounts payable after more than one year | 17 | €336,045 | €270,023 | -€66,022 | -19.6% |
| Financial debts | 170/4 | €336,045 | €270,023 | -€66,022 | -19.6% |
| Amounts payable within one year | 42/48 | €229,461 | €242,307 | +€12,846 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €58,795 | €63,898 | +€5,103 | +8.7% |
| Financial debts | 43 | €1,884 | €3,879 | +€1,995 | +105.9% |
| Credit institutions | 430/8 | €1,884 | €3,879 | +€1,995 | +105.9% |
| Trade debts | 44 | - | €3,101 | +€3,101 | |
| Suppliers | 440/4 | - | €3,101 | +€3,101 | |
| Other amounts payable | 47/48 | €168,782 | €171,429 | +€2,647 | +1.6% |
| Accrued charges and deferred income | 492/3 | €8,012 | €8,472 | +€461 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,598 | €16,161 | -€437 | -2.6% |
| Other operating charges | 640/8 | €5,445 | €5,450 | +€5 | +0.1% |
| Gross operating margin | 9900 | €93,268 | €84,705 | -€8,563 | -9.2% |
| Operating profit (loss) | 9901 | €71,225 | €63,094 | -€8,131 | -11.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -15.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -15.4% |
| Financial charges | 65/66B | €23,049 | €20,254 | -€2,795 | -12.1% |
| Recurring financial charges | 65 | €23,049 | €20,254 | -€2,795 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €48,176 | €42,840 | -€5,336 | -11.1% |
| Profit (loss) for the period | 9904 | €48,176 | €42,840 | -€5,336 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,176 | €42,840 | -€5,336 | -11.1% |
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 29 September 2026 via checked.be.