AAA ONE: 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.
AAA ONE
Largest movements
- Cash -€121,070
down €121,070 (-60.9%), from €198,705 to €77,635
mainly Receivables within one year (-€107,081) and Trade debts (-€79,916)
- Receivables within one year +€107,081
up €107,081 (+317.2%), from €33,759 to €140,841
of which Trade receivables: +€114,407
- Stocks and contracts +€63,444
up €63,444 (+16.3%), from €390,262 to €453,706
- Other debts +€106,322
up €106,322 (+376.1%), from €28,267 to €134,589
- Trade debts -€79,916
no longer reported in 2025 (was €79,916)
- Reserves +€23,056
up €23,056 (+8.5%), from €271,855 to €294,910
of which Distributable reserves: +€23,056
- Financial charges +€3,736
up €3,736 (+240.8%), from €1,552 to €5,288
- Depreciation -€2,350
no longer reported in 2025 (was €2,350)
- Taxes +€1,108
up €1,108 (+9.1%), from €12,229 to €13,337
- Other operating charges -€965
down €965 (-48.8%), from €1,976 to €1,011
- Financial income +€807
up €807 (+144017.9%), from €1 to €807
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 | €622,726 | €672,182 | +€49,456 | +7.9% |
| Current assets | 29/58 | €622,726 | €672,182 | +€49,456 | +7.9% |
| Stocks and contracts in progress | 3 | €390,262 | €453,706 | +€63,444 | +16.3% |
| Stocks | 30/36 | €390,262 | €453,706 | +€63,444 | +16.3% |
| Amounts receivable within one year | 40/41 | €33,759 | €140,841 | +€107,081 | +317.2% |
| Trade receivables | 40 | €15,506 | €129,913 | +€114,407 | +737.8% |
| Other amounts receivable | 41 | €18,253 | €10,928 | -€7,325 | -40.1% |
| Cash at bank and in hand | 54/58 | €198,705 | €77,635 | -€121,070 | -60.9% |
| Total equity and liabilities | 10/49 | €622,726 | €672,182 | +€49,456 | +7.9% |
| Equity | 10/15 | €512,755 | €535,810 | +€23,056 | +4.5% |
| Contributions | 10/11 | €240,900 | €240,900 | = | 0.0% |
| Reserves | 13 | €271,855 | €294,910 | +€23,056 | +8.5% |
| Tax-exempt reserves | 132 | €50,157 | €50,157 | = | 0.0% |
| Distributable reserves | 133 | €221,697 | €244,753 | +€23,056 | +10.4% |
| Amounts payable | 17/49 | €109,971 | €136,372 | +€26,400 | +24.0% |
| Amounts payable within one year | 42/48 | €109,971 | €136,372 | +€26,400 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €1,789 | €1,783 | -€6 | -0.3% |
| Trade debts | 44 | €79,916 | - | -€79,916 | |
| Suppliers | 440/4 | €79,916 | - | -€79,916 | |
| Other amounts payable | 47/48 | €28,267 | €134,589 | +€106,322 | +376.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,350 | - | -€2,350 | |
| Other operating charges | 640/8 | €1,976 | €1,011 | -€965 | -48.8% |
| Gross operating margin | 9900 | €42,610 | €41,885 | -€725 | -1.7% |
| Operating profit (loss) | 9901 | €38,284 | €40,873 | +€2,589 | +6.8% |
| Financial income | 75/76B | €1 | €807 | +€807 | +144017.9% |
| Recurring financial income | 75 | €1 | €807 | +€807 | +144017.9% |
| Financial charges | 65/66B | €1,552 | €5,288 | +€3,736 | +240.8% |
| Recurring financial charges | 65 | €1,552 | €5,288 | +€3,736 | +240.8% |
| Profit (loss) for the period before taxes | 9903 | €36,733 | €36,393 | -€340 | -0.9% |
| Income taxes | 67/77 | €12,229 | €13,337 | +€1,108 | +9.1% |
| Profit (loss) for the period | 9904 | €24,504 | €23,056 | -€1,449 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,504 | €23,056 | -€1,449 | -5.9% |
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 3 October 2026 via checked.be.