A4A: 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.
A4A
Largest movements
- Cash -€5,800
down €5,800 (-9.0%), from €64,324 to €58,524
mainly Tax, wage and social debts (-€6,413) and Receivables within one year (-€4,100)
- Receivables within one year +€4,100
up €4,100 (+76.0%), from €5,398 to €9,498
of which Trade receivables: +€4,041
- Tax, wage and social debts -€6,413
down €6,413 (-39.2%), from €16,369 to €9,956
- Trade debts +€4,932
up €4,932 (+119%), from €4,160 to €9,092
- Profit (loss) carried forward -€1,223
down €1,223 (-2.9%), from €41,638 to €40,415
- Gross operating margin -€46,038
down €46,038, from €44,729 to -€1,309
- Taxes -€9,083
no longer reported in 2025 (was €9,083)
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 | €69,722 | €68,022 | -€1,700 | -2.4% |
| Current assets | 29/58 | €69,722 | €68,022 | -€1,700 | -2.4% |
| Amounts receivable within one year | 40/41 | €5,398 | €9,498 | +€4,100 | +76.0% |
| Trade receivables | 40 | €5,398 | €9,439 | +€4,041 | +74.9% |
| Other amounts receivable | 41 | - | €60 | +€60 | |
| Cash at bank and in hand | 54/58 | €64,324 | €58,524 | -€5,800 | -9.0% |
| Total equity and liabilities | 10/49 | €69,722 | €68,022 | -€1,700 | -2.4% |
| Equity | 10/15 | €44,138 | €42,915 | -€1,223 | -2.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,638 | €40,415 | -€1,223 | -2.9% |
| Amounts payable | 17/49 | €25,584 | €25,107 | -€477 | -1.9% |
| Amounts payable within one year | 42/48 | €25,584 | €25,107 | -€477 | -1.9% |
| Trade debts | 44 | €4,160 | €9,092 | +€4,932 | +119% |
| Suppliers | 440/4 | €4,160 | €9,092 | +€4,932 | +119% |
| Advances received on contracts in progress | 46 | - | €570 | +€570 | |
| Taxes, remuneration and social security | 45 | €16,369 | €9,956 | -€6,413 | -39.2% |
| Taxes | 450/3 | €16,369 | €9,956 | -€6,413 | -39.2% |
| Other amounts payable | 47/48 | €5,055 | €5,490 | +€435 | +8.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €44,729 | -€1,309 | -€46,038 | |
| Operating profit (loss) | 9901 | €44,611 | -€1,429 | -€46,040 | |
| Financial income | 75/76B | €97 | €282 | +€184 | +189% |
| Recurring financial income | 75 | €97 | €282 | +€184 | +189% |
| Financial charges | 65/66B | €121 | €76 | -€46 | -37.5% |
| Recurring financial charges | 65 | €121 | €76 | -€46 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €44,587 | -€1,223 | -€45,810 | |
| Income taxes | 67/77 | €9,083 | - | -€9,083 | |
| Profit (loss) for the period | 9904 | €35,504 | -€1,223 | -€36,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,504 | -€1,223 | -€36,727 |
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 15 October 2026 via checked.be.