A2BE: 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.
A2BE
Largest movements
- Stocks and contracts +€17,684
up €17,684 (+23.0%), from €77,041 to €94,725
- Cash -€15,128
down €15,128 (-94.0%), from €16,099 to €971
mainly Other debts (-€20,431) and Stocks and contracts (-€17,684)
- Receivables within one year +€11,636
up €11,636 (+68.4%), from €17,003 to €28,639
of which Trade receivables: +€11,941
- Profit (loss) carried forward +€32,063
up €32,063 (+351%), from €9,126 to €41,189
- Other debts -€20,431
down €20,431 (-34.4%), from €59,453 to €39,022
- Trade debts -€10,530
down €10,530 (-55.5%), from €18,963 to €8,433
- Advances received +€9,265
up €9,265 (+90.1%), from €10,285 to €19,551
- Tax, wage and social debts +€2,305
up €2,305 (+18.0%), from €12,830 to €15,135
of which Taxes: +€2,305
- Gross operating margin +€14,117
up €14,117 (+42.3%), from €33,372 to €47,489
- Taxes +€2,083
up €2,083 (+24.2%), from €8,598 to €10,681
- Other operating charges +€587
up €587 (+102%), from €576 to €1,164
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.
Derived cash bridge
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 | €116,857 | €129,531 | +€12,673 | +10.8% |
| Fixed assets | 21/28 | €5,544 | €4,768 | -€776 | -14.0% |
| Intangible fixed assets | 21 | €1,300 | €730 | -€570 | -43.8% |
| Tangible fixed assets | 22/27 | €4,243 | €4,037 | -€206 | -4.9% |
| Plant, machinery and equipment | 23 | - | €1,512 | +€1,512 | |
| Furniture and vehicles | 24 | €2,827 | €1,442 | -€1,385 | -49.0% |
| Other tangible fixed assets | 26 | €1,417 | €1,083 | -€333 | -23.5% |
| Current assets | 29/58 | €111,314 | €124,763 | +€13,449 | +12.1% |
| Stocks and contracts in progress | 3 | €77,041 | €94,725 | +€17,684 | +23.0% |
| Stocks | 30/36 | €77,041 | €94,725 | +€17,684 | +23.0% |
| Amounts receivable within one year | 40/41 | €17,003 | €28,639 | +€11,636 | +68.4% |
| Trade receivables | 40 | €16,572 | €28,514 | +€11,941 | +72.1% |
| Other amounts receivable | 41 | €430 | €125 | -€305 | -71.0% |
| Cash at bank and in hand | 54/58 | €16,099 | €971 | -€15,128 | -94.0% |
| Deferred charges and accrued income | 490/1 | €1,171 | €428 | -€743 | -63.4% |
| Total equity and liabilities | 10/49 | €116,857 | €129,531 | +€12,673 | +10.8% |
| Equity | 10/15 | €15,326 | €47,389 | +€32,063 | +209% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,126 | €41,189 | +€32,063 | +351% |
| Amounts payable | 17/49 | €101,532 | €82,142 | -€19,390 | -19.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €101,532 | €82,142 | -€19,390 | -19.1% |
| Trade debts | 44 | €18,963 | €8,433 | -€10,530 | -55.5% |
| Suppliers | 440/4 | €18,963 | €8,433 | -€10,530 | -55.5% |
| Advances received on contracts in progress | 46 | €10,285 | €19,551 | +€9,265 | +90.1% |
| Taxes, remuneration and social security | 45 | €12,830 | €15,135 | +€2,305 | +18.0% |
| Taxes | 450/3 | €12,830 | €15,135 | +€2,305 | +18.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €59,453 | €39,022 | -€20,431 | -34.4% |
| Non-recurring operating income | 76A | - | €12,217 | +€12,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,871 | €3,157 | +€286 | +9.9% |
| Other operating charges | 640/8 | €576 | €1,164 | +€587 | +102% |
| Non-recurring operating charges | 66A | €721 | €0 | -€721 | -100% |
| Gross operating margin | 9900 | €33,372 | €47,489 | +€14,117 | +42.3% |
| Operating profit (loss) | 9901 | €29,204 | €43,168 | +€13,964 | +47.8% |
| Financial income | 75/76B | €50 | €168 | +€119 | +240% |
| Recurring financial income | 75 | €50 | €168 | +€119 | +240% |
| Financial charges | 65/66B | €475 | €593 | +€118 | +24.8% |
| Recurring financial charges | 65 | €475 | €593 | +€118 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €28,779 | €42,744 | +€13,965 | +48.5% |
| Income taxes | 67/77 | €8,598 | €10,681 | +€2,083 | +24.2% |
| Profit (loss) for the period | 9904 | €20,181 | €32,063 | +€11,883 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,181 | €32,063 | +€11,883 | +58.9% |
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 15 October 2026 via checked.be.