A4 Group: what changed
A4 Group
Largest movements
- Cash -€7.6m
down €7.6m (-100.0%), from €7.6m to €2,292
mainly Receivables within one year (-€7.5m) and Other debts (-€163,400)
- Receivables within one year +€7.5m
up €7.5m (+24,218%), from €31,167 to €7.6m
of which Other amounts receivable: +€7.6m
- Receivables after one year -€101,361
down €101,361 (-33.7%), from €300,526 to €199,165
- Other debts -€163,400
down €163,400 (-88.1%), from €185,448 to €22,048
- Financial income -€137,745
down €137,745 (-57.4%), from €240,080 to €102,335
- Taxes -€48,152
no longer reported in 2025 (was €48,152)
- Financial charges -€19,973
down €19,973 (-84.4%), from €23,666 to €3,692
- Gross operating margin +€2,675
up €2,675 (+2.1%), from -€125,001 to -€122,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,453,052 | €9,300,264 | -€152,789 | -1.6% |
| Fixed assets | 21/28 | €1,519,598 | €1,519,598 | = | 0.0% |
| Financial fixed assets | 28 | €1,519,598 | €1,519,598 | = | 0.0% |
| Current assets | 29/58 | €7,933,454 | €7,780,666 | -€152,789 | -1.9% |
| Amounts receivable after more than one year | 29 | €300,526 | €199,165 | -€101,361 | -33.7% |
| Other amounts receivable | 291 | €300,526 | €199,165 | -€101,361 | -33.7% |
| Amounts receivable within one year | 40/41 | €31,167 | €7,579,209 | +€7.5m | +24,218% |
| Trade receivables | 40 | €12,400 | - | -€12,400 | |
| Other amounts receivable | 41 | €18,767 | €7,579,209 | +€7.6m | +40,285% |
| Cash at bank and in hand | 54/58 | €7,601,761 | €2,292 | -€7.6m | -100.0% |
| Total equity and liabilities | 10/49 | €9,453,052 | €9,300,264 | -€152,789 | -1.6% |
| Equity | 10/15 | €9,122,274 | €9,138,898 | +€16,623 | +0.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,054,624 | €9,071,248 | +€16,623 | +0.2% |
| Amounts payable | 17/49 | €330,778 | €161,366 | -€169,412 | -51.2% |
| Amounts payable within one year | 42/48 | €330,778 | €161,366 | -€169,412 | -51.2% |
| Trade debts | 44 | €135,311 | €138,671 | +€3,360 | +2.5% |
| Suppliers | 440/4 | €135,311 | €138,671 | +€3,360 | +2.5% |
| Taxes, remuneration and social security | 45 | €10,018 | €646 | -€9,372 | -93.5% |
| Taxes | 450/3 | €10,018 | €646 | -€9,372 | -93.5% |
| Other amounts payable | 47/48 | €185,448 | €22,048 | -€163,400 | -88.1% |
| Non-recurring operating income | 76A | - | €11,573 | +€11,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | - | -€10 | |
| Other operating charges | 640/8 | €968 | €550 | -€417 | -43.1% |
| Gross operating margin | 9900 | -€125,001 | -€122,326 | +€2,675 | +2.1% |
| Operating profit (loss) | 9901 | -€125,979 | -€122,876 | +€3,103 | +2.5% |
| Financial income | 75/76B | €240,080 | €102,335 | -€137,745 | -57.4% |
| Recurring financial income | 75 | €240,080 | €102,335 | -€137,745 | -57.4% |
| Financial charges | 65/66B | €23,666 | €3,692 | -€19,973 | -84.4% |
| Recurring financial charges | 65 | €23,666 | €3,692 | -€19,973 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €90,435 | -€24,234 | -€114,669 | |
| Income taxes | 67/77 | €48,152 | - | -€48,152 | |
| Profit (loss) for the period | 9904 | €42,284 | -€24,234 | -€66,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,284 | -€24,234 | -€66,517 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.