A2LD GESTION: 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.
A2LD GESTION
Largest movements
- Current investments +€142,000
new in 2025: €142,000
- Cash -€73,773
down €73,773 (-66.4%), from €111,158 to €37,385
mainly Current investments (-€142,000) and Investment in fixed assets (net) (-€27,260)
- Receivables within one year -€42,591
down €42,591 (-51.8%), from €82,251 to €39,660
of which Trade receivables: -€42,596
- Intangible fixed assets +€24,256
new in 2025: €24,256
- Profit (loss) carried forward +€83,710
up €83,710 (+78.5%), from €106,607 to €190,317
- Tax, wage and social debts -€19,232
down €19,232 (-30.8%), from €62,431 to €43,199
of which Remuneration and social security: -€13,247
- Other debts -€9,515
down €9,515 (-100.0%), from €9,515 to €0
- Trade debts -€8,976
down €8,976 (-50.5%), from €17,770 to €8,794
- Staff costs -€75,657
down €75,657 (-49.8%), from €151,798 to €76,141
- Gross operating margin -€34,233
down €34,233 (-15.0%), from €227,821 to €193,588
- Taxes +€4,904
up €4,904 (+22.2%), from €22,125 to €27,029
- Depreciation +€4,414
new in 2025: €4,414
- Other operating charges -€2,919
down €2,919 (-79.8%), from €3,658 to €739
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 | €206,323 | €252,310 | +€45,988 | +22.3% |
| Fixed assets | 21/28 | €1,410 | €24,256 | +€22,846 | +1620.3% |
| Intangible fixed assets | 21 | - | €24,256 | +€24,256 | |
| Financial fixed assets | 28 | €1,410 | €0 | -€1,410 | -100.0% |
| Current assets | 29/58 | €204,913 | €228,055 | +€23,142 | +11.3% |
| Amounts receivable within one year | 40/41 | €82,251 | €39,660 | -€42,591 | -51.8% |
| Trade receivables | 40 | €82,251 | €39,655 | -€42,596 | -51.8% |
| Other amounts receivable | 41 | €0 | €5 | +€5 | |
| Current investments | 50/53 | - | €142,000 | +€142,000 | |
| Cash at bank and in hand | 54/58 | €111,158 | €37,385 | -€73,773 | -66.4% |
| Deferred charges and accrued income | 490/1 | €11,504 | €9,010 | -€2,494 | -21.7% |
| Total equity and liabilities | 10/49 | €206,323 | €252,310 | +€45,988 | +22.3% |
| Equity | 10/15 | €116,607 | €200,317 | +€83,710 | +71.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,607 | €190,317 | +€83,710 | +78.5% |
| Amounts payable | 17/49 | €89,716 | €51,993 | -€37,723 | -42.0% |
| Amounts payable within one year | 42/48 | €89,716 | €51,993 | -€37,723 | -42.0% |
| Trade debts | 44 | €17,770 | €8,794 | -€8,976 | -50.5% |
| Suppliers | 440/4 | €17,770 | €8,794 | -€8,976 | -50.5% |
| Taxes, remuneration and social security | 45 | €62,431 | €43,199 | -€19,232 | -30.8% |
| Taxes | 450/3 | €40,418 | €34,434 | -€5,984 | -14.8% |
| Remuneration and social security | 454/9 | €22,012 | €8,765 | -€13,247 | -60.2% |
| Other amounts payable | 47/48 | €9,515 | €0 | -€9,515 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €151,798 | €76,141 | -€75,657 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,414 | +€4,414 | |
| Other operating charges | 640/8 | €3,658 | €739 | -€2,919 | -79.8% |
| Gross operating margin | 9900 | €227,821 | €193,588 | -€34,233 | -15.0% |
| Operating profit (loss) | 9901 | €72,365 | €112,293 | +€39,928 | +55.2% |
| Financial income | 75/76B | €141 | €1,908 | +€1,767 | +1249.9% |
| Recurring financial income | 75 | €141 | €1,908 | +€1,767 | +1249.9% |
| Financial charges | 65/66B | €2,466 | €3,462 | +€996 | +40.4% |
| Recurring financial charges | 65 | €2,466 | €3,462 | +€996 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €70,041 | €110,740 | +€40,699 | +58.1% |
| Income taxes | 67/77 | €22,125 | €27,029 | +€4,904 | +22.2% |
| Profit (loss) for the period | 9904 | €47,915 | €83,710 | +€35,795 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,915 | €83,710 | +€35,795 | +74.7% |
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 5 October 2026 via checked.be.