a3o: 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.
a3o
Largest movements
- Cash +€44,251
up €44,251 (+73.1%), from €60,551 to €104,802
mainly Net result for the year (+€30,306) and Depreciation (+€14,814)
- Tangible fixed assets -€11,205
down €11,205 (-24.5%), from €45,781 to €34,575
of which Furniture and vehicles: -€9,934
- Receivables within one year -€2,103
down €2,103 (-3.7%), from €56,732 to €54,629
of which Other amounts receivable: -€1,163
- Reserves +€29,940
up €29,940 (+25.4%), from €117,836 to €147,776
- Debts after one year -€7,754
down €7,754 (-56.1%), from €13,810 to €6,056
- Tax, wage and social debts +€6,584
up €6,584 (+29.5%), from €22,312 to €28,896
of which Taxes: +€4,612
- Gross operating margin -€4,306
down €4,306 (-6.6%), from €65,616 to €61,310
- Other operating charges -€2,608
down €2,608 (-73.0%), from €3,571 to €963
- Taxes +€2,480
up €2,480 (+21.5%), from €11,528 to €14,007
- Depreciation -€1,327
down €1,327 (-8.2%), from €16,141 to €14,814
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 | €173,412 | €204,125 | +€30,712 | +17.7% |
| Fixed assets | 21/28 | €46,129 | €34,575 | -€11,554 | -25.0% |
| Intangible fixed assets | 21 | €348 | - | -€348 | |
| Tangible fixed assets | 22/27 | €45,781 | €34,575 | -€11,205 | -24.5% |
| Plant, machinery and equipment | 23 | €3,031 | €1,760 | -€1,272 | -42.0% |
| Furniture and vehicles | 24 | €42,750 | €32,816 | -€9,934 | -23.2% |
| Current assets | 29/58 | €127,283 | €169,549 | +€42,266 | +33.2% |
| Amounts receivable within one year | 40/41 | €56,732 | €54,629 | -€2,103 | -3.7% |
| Trade receivables | 40 | €39,390 | €38,450 | -€940 | -2.4% |
| Other amounts receivable | 41 | €17,342 | €16,179 | -€1,163 | -6.7% |
| Current investments | 50/53 | €10,000 | €10,037 | +€37 | +0.4% |
| Cash at bank and in hand | 54/58 | €60,551 | €104,802 | +€44,251 | +73.1% |
| Deferred charges and accrued income | 490/1 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €173,412 | €204,125 | +€30,712 | +17.7% |
| Equity | 10/15 | €124,036 | €153,976 | +€29,940 | +24.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,836 | €147,776 | +€29,940 | +25.4% |
| Distributable reserves | 133 | €117,836 | €147,776 | +€29,940 | +25.4% |
| Amounts payable | 17/49 | €49,376 | €50,148 | +€772 | +1.6% |
| Amounts payable after more than one year | 17 | €13,810 | €6,056 | -€7,754 | -56.1% |
| Financial debts | 170/4 | €13,810 | €6,056 | -€7,754 | -56.1% |
| Amounts payable within one year | 42/48 | €35,566 | €44,093 | +€8,526 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €7,404 | €7,754 | +€350 | +4.7% |
| Trade debts | 44 | €5,850 | €7,442 | +€1,592 | +27.2% |
| Suppliers | 440/4 | €5,850 | €7,442 | +€1,592 | +27.2% |
| Taxes, remuneration and social security | 45 | €22,312 | €28,896 | +€6,584 | +29.5% |
| Taxes | 450/3 | €22,312 | €26,925 | +€4,612 | +20.7% |
| Remuneration and social security | 454/9 | - | €1,971 | +€1,971 | |
| Remuneration, social security and pensions | 62 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,141 | €14,814 | -€1,327 | -8.2% |
| Other operating charges | 640/8 | €3,571 | €963 | -€2,608 | -73.0% |
| Gross operating margin | 9900 | €65,616 | €61,310 | -€4,306 | -6.6% |
| Operating profit (loss) | 9901 | €45,905 | €45,463 | -€442 | -1.0% |
| Financial income | 75/76B | €135 | €57 | -€78 | -58.1% |
| Recurring financial income | 75 | €135 | €57 | -€78 | -58.1% |
| Financial charges | 65/66B | €1,592 | €1,206 | -€386 | -24.3% |
| Recurring financial charges | 65 | €1,592 | €1,206 | -€386 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €44,448 | €44,314 | -€134 | -0.3% |
| Income taxes | 67/77 | €11,528 | €14,007 | +€2,480 | +21.5% |
| Profit (loss) for the period | 9904 | €32,920 | €30,306 | -€2,614 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,920 | €30,306 | -€2,614 | -7.9% |
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 17 October 2026 via checked.be.