AA CAPITAL: 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.
AA CAPITAL
Largest movements
- Cash +€6,855
up €6,855 (+692.7%), from €990 to €7,844
mainly Trade debts (+€18,714) and Depreciation (+€5,221)
- Receivables within one year -€3,547
down €3,547 (-9.0%), from €39,323 to €35,776
of which Other amounts receivable: -€5,018
- Profit (loss) carried forward -€19,500
down €19,500 (-91.2%), from €21,372 to €1,872
- Trade debts +€18,714
up €18,714 (+1168.4%), from €1,602 to €20,315
- Tax, wage and social debts +€4,094
up €4,094 (+39.6%), from €10,339 to €14,433
of which Remuneration and social security: +€5,571
- Purchases and services -€27,432
down €27,432 (-21.9%), from €125,524 to €98,092
- Gross operating margin -€11,446
down €11,446 (-86.9%), from €13,179 to €1,732
- Staff costs +€10,685
new in 2025: €10,685
- Depreciation +€5,221
new in 2025: €5,221
- Taxes -€2,620
no longer reported in 2025 (was €2,620)
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 | €40,313 | €43,620 | +€3,308 | +8.2% |
| Current assets | 29/58 | €40,313 | €43,620 | +€3,308 | +8.2% |
| Amounts receivable within one year | 40/41 | €39,323 | €35,776 | -€3,547 | -9.0% |
| Trade receivables | 40 | - | €1,471 | +€1,471 | |
| Other amounts receivable | 41 | €39,323 | €34,305 | -€5,018 | -12.8% |
| Cash at bank and in hand | 54/58 | €990 | €7,844 | +€6,855 | +692.7% |
| Total equity and liabilities | 10/49 | €40,313 | €43,620 | +€3,308 | +8.2% |
| Equity | 10/15 | €28,372 | €8,872 | -€19,500 | -68.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,372 | €1,872 | -€19,500 | -91.2% |
| Amounts payable | 17/49 | €11,941 | €34,748 | +€22,807 | +191.0% |
| Amounts payable within one year | 42/48 | €11,941 | €34,748 | +€22,807 | +191.0% |
| Trade debts | 44 | €1,602 | €20,315 | +€18,714 | +1168.4% |
| Suppliers | 440/4 | €1,602 | €20,315 | +€18,714 | +1168.4% |
| Taxes, remuneration and social security | 45 | €10,339 | €14,433 | +€4,094 | +39.6% |
| Taxes | 450/3 | €8,373 | €6,896 | -€1,477 | -17.6% |
| Remuneration and social security | 454/9 | €1,966 | €7,537 | +€5,571 | +283.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €125,524 | €98,092 | -€27,432 | -21.9% |
| Remuneration, social security and pensions | 62 | - | €10,685 | +€10,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,221 | +€5,221 | |
| Other operating charges | 640/8 | €2,471 | €4,851 | +€2,380 | +96.3% |
| Non-recurring operating charges | 66A | €67 | €290 | +€223 | +332.8% |
| Gross operating margin | 9900 | €13,179 | €1,732 | -€11,446 | -86.9% |
| Operating profit (loss) | 9901 | €10,640 | -€19,315 | -€29,955 | |
| Financial charges | 65/66B | €161 | €185 | +€24 | +15.1% |
| Recurring financial charges | 65 | €161 | €185 | +€24 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €10,480 | -€19,500 | -€29,980 | |
| Income taxes | 67/77 | €2,620 | - | -€2,620 | |
| Profit (loss) for the period | 9904 | €7,860 | -€19,500 | -€27,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,860 | -€19,500 | -€27,360 |
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 30 September 2026 via checked.be.