A4J: 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.
A4J
Largest movements
- Receivables within one year -€2,767
down €2,767 (-47.5%), from €5,823 to €3,056
of which Trade receivables: -€5,823
- Cash -€1,757
no longer reported in 2025 (was €1,757)
- Other debts -€3,675
no longer reported in 2025 (was €3,675)
- Trade debts -€660
down €660 (-12.1%), from €5,451 to €4,791
- Tax, wage and social debts -€188
down €188 (-42.1%), from €447 to €259
- Turnover -€7,644
no longer reported in 2025 (was €7,644)
- Purchases and services -€6,010
no longer reported in 2025 (was €6,010)
- Gross operating margin -€1,634
no longer reported in 2025 (was €1,634)
- Financial charges -€339
no longer reported in 2025 (was €339)
- Other operating charges -€84
no longer reported in 2025 (was €84)
From the 2023 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,580 | €3,056 | -€4,523 | -59.7% |
| Current assets | 29/58 | €7,580 | €3,056 | -€4,523 | -59.7% |
| Amounts receivable within one year | 40/41 | €5,823 | €3,056 | -€2,767 | -47.5% |
| Trade receivables | 40 | €5,823 | - | -€5,823 | |
| Other amounts receivable | 41 | - | €3,056 | +€3,056 | |
| Cash at bank and in hand | 54/58 | €1,757 | - | -€1,757 | |
| Total equity and liabilities | 10/49 | €7,580 | €3,056 | -€4,523 | -59.7% |
| Equity | 10/15 | -€2,232 | -€2,232 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,832 | -€20,832 | = | 0.0% |
| Amounts payable | 17/49 | €9,812 | €5,289 | -€4,523 | -46.1% |
| Amounts payable within one year | 42/48 | €9,812 | €5,289 | -€4,523 | -46.1% |
| Financial debts | 43 | €239 | €239 | = | 0.0% |
| Credit institutions | 430/8 | €239 | €239 | = | 0.0% |
| Trade debts | 44 | €5,451 | €4,791 | -€660 | -12.1% |
| Suppliers | 440/4 | €5,451 | €4,791 | -€660 | -12.1% |
| Taxes, remuneration and social security | 45 | €447 | €259 | -€188 | -42.1% |
| Taxes | 450/3 | €447 | €259 | -€188 | -42.1% |
| Other amounts payable | 47/48 | €3,675 | - | -€3,675 | |
| Turnover | 70 | €7,644 | - | -€7,644 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,010 | - | -€6,010 | |
| Other operating charges | 640/8 | €84 | - | -€84 | |
| Gross operating margin | 9900 | €1,634 | - | -€1,634 | |
| Operating profit (loss) | 9901 | €1,550 | - | -€1,550 | |
| Financial charges | 65/66B | €339 | - | -€339 | |
| Recurring financial charges | 65 | €339 | - | -€339 | |
| Profit (loss) for the period before taxes | 9903 | €1,211 | - | -€1,211 | |
| Profit (loss) for the period | 9904 | €1,211 | - | -€1,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,211 | - | -€1,211 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.