A2S CONNECTION: 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.
A2S CONNECTION
Largest movements
- Deferred charges and accrued income +€9,831
new in 2025: €9,831
- Receivables within one year -€6,924
down €6,924 (-35.3%), from €19,624 to €12,700
of which Other amounts receivable: -€19,624
- Cash -€3,477
down €3,477 (-54.4%), from €6,395 to €2,918
mainly Net result for the year (-€45,583) and Deferred charges and accrued income (-€9,831)
- Tangible fixed assets +€1,213
new in 2025: €1,213
- Profit (loss) carried forward -€45,583
down €45,583, from €11,018 to -€34,565
- Trade debts +€20,928
up €20,928 (+553%), from €3,784 to €24,713
- Other debts +€16,257
new in 2025: €16,257
- Tax, wage and social debts +€7,920
up €7,920 (+77.5%), from €10,217 to €18,138
- Advances received +€1,120
new in 2025: €1,120
- Gross operating margin -€48,753
down €48,753, from €14,011 to -€34,742
- Other operating charges +€885
new in 2025: €885
- Taxes +€882
up €882 (+29.6%), from €2,981 to €3,863
- Financial charges +€379
up €379 (+499%), from €76 to €455
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 | €26,020 | €26,663 | +€643 | +2.5% |
| Fixed assets | 21/28 | - | €1,213 | +€1,213 | |
| Tangible fixed assets | 22/27 | - | €1,213 | +€1,213 | |
| Plant, machinery and equipment | 23 | - | €1,213 | +€1,213 | |
| Current assets | 29/58 | €26,020 | €25,450 | -€570 | -2.2% |
| Amounts receivable within one year | 40/41 | €19,624 | €12,700 | -€6,924 | -35.3% |
| Trade receivables | 40 | - | €12,700 | +€12,700 | |
| Other amounts receivable | 41 | €19,624 | - | -€19,624 | |
| Cash at bank and in hand | 54/58 | €6,395 | €2,918 | -€3,477 | -54.4% |
| Deferred charges and accrued income | 490/1 | - | €9,831 | +€9,831 | |
| Total equity and liabilities | 10/49 | €26,020 | €26,663 | +€643 | +2.5% |
| Equity | 10/15 | €12,018 | -€33,565 | -€45,583 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,018 | -€34,565 | -€45,583 | |
| Amounts payable | 17/49 | €14,002 | €60,227 | +€46,226 | +330% |
| Amounts payable within one year | 42/48 | €14,002 | €60,227 | +€46,226 | +330% |
| Trade debts | 44 | €3,784 | €24,713 | +€20,928 | +553% |
| Suppliers | 440/4 | €3,784 | €24,713 | +€20,928 | +553% |
| Advances received on contracts in progress | 46 | - | €1,120 | +€1,120 | |
| Taxes, remuneration and social security | 45 | €10,217 | €18,138 | +€7,920 | +77.5% |
| Taxes | 450/3 | €10,217 | €18,138 | +€7,920 | +77.5% |
| Other amounts payable | 47/48 | - | €16,257 | +€16,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €143 | +€143 | |
| Other operating charges | 640/8 | - | €885 | +€885 | |
| Non-recurring operating charges | 66A | - | €5,500 | +€5,500 | |
| Gross operating margin | 9900 | €14,011 | -€34,742 | -€48,753 | |
| Operating profit (loss) | 9901 | €14,011 | -€41,270 | -€55,280 | |
| Financial income | 75/76B | €65 | €5 | -€59 | -91.7% |
| Recurring financial income | 75 | €65 | €5 | -€59 | -91.7% |
| Financial charges | 65/66B | €76 | €455 | +€379 | +499% |
| Recurring financial charges | 65 | €76 | €455 | +€379 | +499% |
| Profit (loss) for the period before taxes | 9903 | €13,999 | -€41,720 | -€55,719 | |
| Income taxes | 67/77 | €2,981 | €3,863 | +€882 | +29.6% |
| Profit (loss) for the period | 9904 | €11,018 | -€45,583 | -€56,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,018 | -€45,583 | -€56,601 |
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 14 October 2026 via checked.be.