AA INVEST: 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.
AA INVEST
Largest movements
- Tangible fixed assets -€22,066
down €22,066 (-5.9%), from €375,379 to €353,313
- Debts after one year -€28,849
down €28,849 (-8.2%), from €351,999 to €323,150
of which Financial debts: -€28,849
- Profit (loss) carried forward +€8,211
up €8,211 (+10.6%), from -€77,111 to -€68,900
- Gross operating margin -€6,327
down €6,327 (-12.2%), from €51,826 to €45,499
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 | €379,075 | €361,025 | -€18,050 | -4.8% |
| Fixed assets | 21/28 | €375,379 | €353,313 | -€22,066 | -5.9% |
| Tangible fixed assets | 22/27 | €375,379 | €353,313 | -€22,066 | -5.9% |
| Land and buildings | 22 | €375,379 | €353,313 | -€22,066 | -5.9% |
| Current assets | 29/58 | €3,696 | €7,712 | +€4,015 | +109% |
| Amounts receivable within one year | 40/41 | €2,792 | €4,108 | +€1,316 | +47.1% |
| Other amounts receivable | 41 | €2,792 | €4,108 | +€1,316 | +47.1% |
| Cash at bank and in hand | 54/58 | €904 | €2,979 | +€2,075 | +229% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €379,075 | €361,025 | -€18,050 | -4.8% |
| Equity | 10/15 | -€22,111 | -€13,900 | +€8,211 | +37.1% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,111 | -€68,900 | +€8,211 | +10.6% |
| Amounts payable | 17/49 | €401,186 | €374,925 | -€26,262 | -6.5% |
| Amounts payable after more than one year | 17 | €351,999 | €323,150 | -€28,849 | -8.2% |
| Financial debts | 170/4 | €350,799 | €321,950 | -€28,849 | -8.2% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,302 | €48,890 | +€2,588 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €28,377 | €28,849 | +€472 | +1.7% |
| Trade debts | 44 | €17,925 | €20,041 | +€2,116 | +11.8% |
| Suppliers | 440/4 | €17,925 | €20,041 | +€2,116 | +11.8% |
| Accrued charges and deferred income | 492/3 | €2,886 | €2,884 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,066 | €22,066 | = | 0.0% |
| Other operating charges | 640/8 | €7,555 | €7,772 | +€217 | +2.9% |
| Non-recurring operating charges | 66A | €414 | €258 | -€156 | -37.7% |
| Gross operating margin | 9900 | €51,826 | €45,499 | -€6,327 | -12.2% |
| Operating profit (loss) | 9901 | €21,791 | €15,403 | -€6,388 | -29.3% |
| Financial charges | 65/66B | €7,300 | €7,192 | -€108 | -1.5% |
| Recurring financial charges | 65 | €7,300 | €7,192 | -€108 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €14,491 | €8,211 | -€6,280 | -43.3% |
| Profit (loss) for the period | 9904 | €14,491 | €8,211 | -€6,280 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,491 | €8,211 | -€6,280 | -43.3% |
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 26 October 2026 via checked.be.