AA TEAM: 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 TEAM
Largest movements
- Receivables within one year -€99,936
down €99,936 (-54.2%), from €184,272 to €84,336
of which Trade receivables: -€103,707
- Tangible fixed assets -€12,987
down €12,987 (-39.6%), from €32,817 to €19,830
- Cash -€9,100
down €9,100 (-92.4%), from €9,843 to €744
mainly Trade debts (-€119,724) and Debts after one year (-€7,520)
- Trade debts -€119,724
down €119,724 (-98.0%), from €122,124 to €2,400
- Debts after one year -€7,520
down €7,520 (-40.0%), from €18,798 to €11,278
- Tax, wage and social debts +€2,667
up €2,667 (+10.8%), from €24,596 to €27,263
of which Remuneration and social security: +€8,867
- Purchases and services +€153,796
new in 2025: €153,796
- Gross operating margin -€9,984
down €9,984 (-40.5%), from €24,672 to €14,688
- Depreciation +€6,209
up €6,209 (+91.6%), from €6,778 to €12,987
- Taxes -€5,463
no longer reported in 2025 (was €5,463)
- Financial charges +€279
up €279 (+85.4%), from €327 to €606
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 | €228,539 | €105,290 | -€123,249 | -53.9% |
| Fixed assets | 21/28 | €32,817 | €19,830 | -€12,987 | -39.6% |
| Tangible fixed assets | 22/27 | €32,817 | €19,830 | -€12,987 | -39.6% |
| Furniture and vehicles | 24 | €32,817 | €19,830 | -€12,987 | -39.6% |
| Current assets | 29/58 | €195,723 | €85,460 | -€110,263 | -56.3% |
| Amounts receivable within one year | 40/41 | €184,272 | €84,336 | -€99,936 | -54.2% |
| Trade receivables | 40 | €184,154 | €80,447 | -€103,707 | -56.3% |
| Other amounts receivable | 41 | €118 | €3,889 | +€3,770 | +3,187% |
| Cash at bank and in hand | 54/58 | €9,843 | €744 | -€9,100 | -92.4% |
| Deferred charges and accrued income | 490/1 | €1,607 | €381 | -€1,227 | -76.3% |
| Total equity and liabilities | 10/49 | €228,539 | €105,290 | -€123,249 | -53.9% |
| Equity | 10/15 | €55,887 | €56,829 | +€942 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,827 | €48,769 | +€942 | +2.0% |
| Amounts payable | 17/49 | €172,652 | €48,461 | -€124,191 | -71.9% |
| Amounts payable after more than one year | 17 | €18,798 | €11,278 | -€7,520 | -40.0% |
| Financial debts | 170/4 | €18,798 | €11,278 | -€7,520 | -40.0% |
| Amounts payable within one year | 42/48 | €153,854 | €37,183 | -€116,671 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €7,135 | €7,520 | +€385 | +5.4% |
| Trade debts | 44 | €122,124 | €2,400 | -€119,724 | -98.0% |
| Suppliers | 440/4 | €122,124 | €2,400 | -€119,724 | -98.0% |
| Taxes, remuneration and social security | 45 | €24,596 | €27,263 | +€2,667 | +10.8% |
| Taxes | 450/3 | €7,363 | €1,163 | -€6,200 | -84.2% |
| Remuneration and social security | 454/9 | €17,233 | €26,100 | +€8,867 | +51.5% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €153,796 | +€153,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,778 | €12,987 | +€6,209 | +91.6% |
| Other operating charges | 640/8 | €58 | €153 | +€95 | +164% |
| Gross operating margin | 9900 | €24,672 | €14,688 | -€9,984 | -40.5% |
| Operating profit (loss) | 9901 | €17,836 | €1,548 | -€16,288 | -91.3% |
| Financial charges | 65/66B | €327 | €606 | +€279 | +85.4% |
| Recurring financial charges | 65 | €327 | €606 | +€279 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €17,509 | €942 | -€16,567 | -94.6% |
| Income taxes | 67/77 | €5,463 | - | -€5,463 | |
| Profit (loss) for the period | 9904 | €12,046 | €942 | -€11,104 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,046 | €942 | -€11,104 | -92.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.