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AA Focus: 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.

What changed

AA Focus

BE 0741.409.503
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,476
2024 · €1,401-€10,877
Equity
€305
2024 · €9,781-€9,476
Cash
€45
2024 · €2,425-€2,380
Balance sheet total
€665
2024 · €26,633-€25,968

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€23,588

    down €23,588 (-97.4%), from €24,209 to €620

    of which Trade receivables: -€17,081

  • Cash -€2,380

    down €2,380 (-98.1%), from €2,425 to €45

    mainly Other debts (-€9,736) and Net result for the year (-€9,476)

Equity and liabilities
  • Other debts -€9,736

    down €9,736 (-99.4%), from €9,796 to €60

  • Profit (loss) carried forward -€9,476

    down €9,476, from €7,781 to -€1,695

  • Trade debts -€3,762

    down €3,762 (-92.6%), from €4,062 to €300

  • Tax, wage and social debts -€2,994

    no longer reported in 2025 (was €2,994)

Income statement
  • Gross operating margin -€7,776

    down €7,776, from €2,014 to -€5,762

  • Other operating charges +€3,086

    new in 2025: €3,086

  • Financial charges +€750

    up €750 (+1,021%), from €74 to €824

  • Taxes -€540

    no longer reported in 2025 (was €540)

  • Financial income +€195

    new in 2025: €195

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €1,401
Gross operating margin -€7,776
Other operating charges -€3,086
Financial income +€195
Financial charges -€750
Taxes +€540
Result 2025 -€9,476
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€2,380
Investment €0
Financing €0
Cash 2024 €2,425
Net result for the year -€9,476
Receivables within one year +€23,588
Trade debts -€3,762
Tax, wage and social debts -€2,994
Other debts -€9,736
Cash 2025 €45
brings cash intakes cash out
Every line side by side 28 lines
Line Code 2024 2025 Change %
Total assets 20/58 €26,633 €665 -€25,968 -97.5%
Current assets 29/58 €26,633 €665 -€25,968 -97.5%
Amounts receivable within one year 40/41 €24,209 €620 -€23,588 -97.4%
Trade receivables 40 €17,444 €363 -€17,081 -97.9%
Other amounts receivable 41 €6,765 €257 -€6,507 -96.2%
Cash at bank and in hand 54/58 €2,425 €45 -€2,380 -98.1%
Total equity and liabilities 10/49 €26,633 €665 -€25,968 -97.5%
Equity 10/15 €9,781 €305 -€9,476 -96.9%
Contributions 10/11 €2,000 €2,000 = 0.0%
Profit (loss) carried forward 14 €7,781 -€1,695 -€9,476
Amounts payable 17/49 €16,852 €360 -€16,492 -97.9%
Amounts payable within one year 42/48 €16,852 €360 -€16,492 -97.9%
Trade debts 44 €4,062 €300 -€3,762 -92.6%
Suppliers 440/4 €4,062 €300 -€3,762 -92.6%
Taxes, remuneration and social security 45 €2,994 - -€2,994
Taxes 450/3 €2,994 - -€2,994
Other amounts payable 47/48 €9,796 €60 -€9,736 -99.4%
Other operating charges 640/8 - €3,086 +€3,086
Gross operating margin 9900 €2,014 -€5,762 -€7,776
Operating profit (loss) 9901 €2,014 -€8,848 -€10,862
Financial income 75/76B - €195 +€195
Recurring financial income 75 - €195 +€195
Financial charges 65/66B €74 €824 +€750 +1,021%
Recurring financial charges 65 €74 €824 +€750 +1,021%
Profit (loss) for the period before taxes 9903 €1,941 -€9,476 -€11,417
Income taxes 67/77 €540 - -€540
Profit (loss) for the period 9904 €1,401 -€9,476 -€10,877
Profit (loss) for the period to be appropriated 9905 €1,401 -€9,476 -€10,877

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 18 October 2026 via checked.be.