A3 Management: 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.
A3 Management
Largest movements
- Tangible fixed assets +€37,483
up €37,483 (+2422.4%), from €1,547 to €39,030
of which Land and buildings: +€35,919
- Cash -€28,234
down €28,234 (-70.4%), from €40,125 to €11,890
mainly Investment in fixed assets (net) (-€42,396) and Current investments (-€20,132)
- Current investments +€20,132
up €20,132 (+134.2%), from €15,000 to €35,132
- Receivables within one year +€3,832
up €3,832 (+18.0%), from €21,272 to €25,104
of which Other amounts receivable: +€3,108
- Profit (loss) carried forward +€35,545
up €35,545 (+50.4%), from €70,520 to €106,065
- Tax, wage and social debts -€1,954
down €1,954 (-46.4%), from €4,211 to €2,257
- Gross operating margin -€40,547
down €40,547 (-43.4%), from €93,469 to €52,921
- Taxes -€8,970
down €8,970 (-45.6%), from €19,659 to €10,689
- Depreciation +€4,291
up €4,291 (+374.5%), from €1,146 to €5,437
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 | €79,398 | €113,000 | +€33,602 | +42.3% |
| Fixed assets | 21/28 | €2,441 | €39,400 | +€36,959 | +1514.4% |
| Intangible fixed assets | 21 | €893 | €370 | -€523 | -58.6% |
| Tangible fixed assets | 22/27 | €1,547 | €39,030 | +€37,483 | +2422.4% |
| Land and buildings | 22 | - | €35,919 | +€35,919 | |
| Furniture and vehicles | 24 | €755 | €370 | -€385 | -51.0% |
| Other tangible fixed assets | 26 | €792 | €2,741 | +€1,949 | +246.1% |
| Current assets | 29/58 | €76,957 | €73,600 | -€3,357 | -4.4% |
| Amounts receivable within one year | 40/41 | €21,272 | €25,104 | +€3,832 | +18.0% |
| Trade receivables | 40 | €13,891 | €14,614 | +€724 | +5.2% |
| Other amounts receivable | 41 | €7,381 | €10,490 | +€3,108 | +42.1% |
| Current investments | 50/53 | €15,000 | €35,132 | +€20,132 | +134.2% |
| Cash at bank and in hand | 54/58 | €40,125 | €11,890 | -€28,234 | -70.4% |
| Deferred charges and accrued income | 490/1 | €561 | €1,474 | +€913 | +162.8% |
| Total equity and liabilities | 10/49 | €79,398 | €113,000 | +€33,602 | +42.3% |
| Equity | 10/15 | €73,520 | €109,065 | +€35,545 | +48.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,520 | €106,065 | +€35,545 | +50.4% |
| Amounts payable | 17/49 | €5,878 | €3,935 | -€1,943 | -33.1% |
| Amounts payable within one year | 42/48 | €5,734 | €3,679 | -€2,055 | -35.8% |
| Trade debts | 44 | €690 | €1,422 | +€732 | +106.0% |
| Suppliers | 440/4 | €690 | €1,422 | +€732 | +106.0% |
| Taxes, remuneration and social security | 45 | €4,211 | €2,257 | -€1,954 | -46.4% |
| Taxes | 450/3 | €4,211 | €2,257 | -€1,954 | -46.4% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | €144 | €256 | +€112 | +77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,146 | €5,437 | +€4,291 | +374.5% |
| Other operating charges | 640/8 | €761 | €902 | +€141 | +18.5% |
| Gross operating margin | 9900 | €93,469 | €52,921 | -€40,547 | -43.4% |
| Operating profit (loss) | 9901 | €91,562 | €46,583 | -€44,979 | -49.1% |
| Financial income | 75/76B | €135 | €289 | +€153 | +113.2% |
| Recurring financial income | 75 | €135 | €289 | +€153 | +113.2% |
| Financial charges | 65/66B | €685 | €638 | -€47 | -6.9% |
| Recurring financial charges | 65 | €685 | €638 | -€47 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €91,012 | €46,234 | -€44,778 | -49.2% |
| Income taxes | 67/77 | €19,659 | €10,689 | -€8,970 | -45.6% |
| Profit (loss) for the period | 9904 | €71,353 | €35,545 | -€35,808 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,353 | €35,545 | -€35,808 | -50.2% |
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 3 October 2026 via checked.be.