AAA-properties: 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-properties
Largest movements
- Tangible fixed assets -€12,325
down €12,325 (-3.9%), from €319,606 to €307,281
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€17,652
down €17,652 (-66.0%), from €26,741 to €9,089
- Depreciation -€10,059
down €10,059 (-45.4%), from €22,173 to €12,115
- Taxes -€6,640
down €6,640 (-100.0%), from €6,640 to €0
- Financial income +€2,251
up €2,251 (+340.4%), from €661 to €2,912
- Financial charges -€1,057
down €1,057 (-96.2%), from €1,098 to €42
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 | €479,569 | €475,049 | -€4,520 | -0.9% |
| Fixed assets | 21/28 | €319,606 | €307,281 | -€12,325 | -3.9% |
| Tangible fixed assets | 22/27 | €319,606 | €307,281 | -€12,325 | -3.9% |
| Land and buildings | 22 | €319,606 | €307,281 | -€12,325 | -3.9% |
| Current assets | 29/58 | €159,963 | €167,767 | +€7,804 | +4.9% |
| Amounts receivable within one year | 40/41 | €152,154 | €156,933 | +€4,780 | +3.1% |
| Trade receivables | 40 | €63,728 | €7,747 | -€55,981 | -87.8% |
| Other amounts receivable | 41 | €88,426 | €149,187 | +€60,761 | +68.7% |
| Cash at bank and in hand | 54/58 | €7,809 | €10,814 | +€3,005 | +38.5% |
| Deferred charges and accrued income | 490/1 | - | €19 | +€19 | |
| Total equity and liabilities | 10/49 | €479,569 | €475,049 | -€4,520 | -0.9% |
| Equity | 10/15 | €473,548 | €471,997 | -€1,551 | -0.3% |
| Contributions | 10/11 | €532,226 | €532,226 | = | 0.0% |
| Capital | 10 | €532,226 | €532,226 | = | 0.0% |
| Issued capital | 100 | €532,226 | €532,226 | = | 0.0% |
| Uncalled capital | 101 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€58,678 | -€60,229 | -€1,551 | -2.6% |
| Amounts payable | 17/49 | €6,021 | €3,052 | -€2,970 | -49.3% |
| Amounts payable within one year | 42/48 | €6,021 | €3,052 | -€2,970 | -49.3% |
| Trade debts | 44 | €369 | €0 | -€369 | -100.0% |
| Suppliers | 440/4 | €369 | €0 | -€369 | -100.0% |
| Taxes, remuneration and social security | 45 | €822 | €467 | -€356 | -43.3% |
| Taxes | 450/3 | €822 | €467 | -€356 | -43.3% |
| Other amounts payable | 47/48 | €4,830 | €2,585 | -€2,245 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,173 | €12,115 | -€10,059 | -45.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €678 | €1,396 | +€718 | +105.9% |
| Gross operating margin | 9900 | €26,741 | €9,089 | -€17,652 | -66.0% |
| Operating profit (loss) | 9901 | €3,890 | -€4,421 | -€8,312 | |
| Financial income | 75/76B | €661 | €2,912 | +€2,251 | +340.4% |
| Recurring financial income | 75 | €661 | €2,912 | +€2,251 | +340.4% |
| Financial charges | 65/66B | €1,098 | €42 | -€1,057 | -96.2% |
| Recurring financial charges | 65 | €1,098 | €42 | -€1,057 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €3,453 | -€1,551 | -€5,004 | |
| Income taxes | 67/77 | €6,640 | €0 | -€6,640 | -100.0% |
| Profit (loss) for the period | 9904 | -€3,187 | -€1,551 | +€1,636 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,187 | -€1,551 | +€1,636 | +51.3% |
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 7 October 2026 via checked.be.