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
- Cash -€183,978
down €183,978 (-91.8%), from €200,449 to €16,472
mainly Receivables within one year (-€100,040) and Debts after one year (-€73,542)
- Receivables within one year +€100,040
up €100,040 (+64408.7%), from €155 to €100,195
of which Other amounts receivable: +€98,178
- Tangible fixed assets -€46,557
down €46,557 (-2.8%), from €1.7m to €1.6m
of which Land and buildings: -€45,921
- Stocks and contracts -€33,333
down €33,333 (-4.5%), from €744,158 to €710,825
- Debts after one year -€73,542
down €73,542 (-6.8%), from €1.1m to €1.0m
- Other debts -€55,164
down €55,164 (-4.2%), from €1.3m to €1.3m
- Profit (loss) carried forward -€30,690
down €30,690 (-17.7%), from -€173,637 to -€204,327
- Gross operating margin -€131,890
down €131,890 (-67.0%), from €196,712 to €64,822
- Financial charges -€4,942
down €4,942 (-11.2%), from €44,108 to €39,166
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 | €2,628,827 | €2,465,203 | -€163,624 | -6.2% |
| Fixed assets | 21/28 | €1,682,538 | €1,635,981 | -€46,557 | -2.8% |
| Tangible fixed assets | 22/27 | €1,682,538 | €1,635,981 | -€46,557 | -2.8% |
| Land and buildings | 22 | €1,681,902 | €1,635,981 | -€45,921 | -2.7% |
| Plant, machinery and equipment | 23 | €636 | €0 | -€636 | -100.0% |
| Current assets | 29/58 | €946,289 | €829,222 | -€117,067 | -12.4% |
| Stocks and contracts in progress | 3 | €744,158 | €710,825 | -€33,333 | -4.5% |
| Stocks | 30/36 | €744,158 | €710,825 | -€33,333 | -4.5% |
| Amounts receivable within one year | 40/41 | €155 | €100,195 | +€100,040 | +64408.7% |
| Trade receivables | 40 | €0 | €1,862 | +€1,862 | |
| Other amounts receivable | 41 | €155 | €98,333 | +€98,178 | +63209.9% |
| Cash at bank and in hand | 54/58 | €200,449 | €16,472 | -€183,978 | -91.8% |
| Deferred charges and accrued income | 490/1 | €1,526 | €1,730 | +€204 | +13.4% |
| Total equity and liabilities | 10/49 | €2,628,827 | €2,465,203 | -€163,624 | -6.2% |
| Equity | 10/15 | €78,764 | €42,681 | -€36,083 | -45.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €177,401 | €172,008 | -€5,393 | -3.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €169,901 | €164,508 | -€5,393 | -3.2% |
| Profit (loss) carried forward | 14 | -€173,637 | -€204,327 | -€30,690 | -17.7% |
| Provisions and deferred taxes | 16 | €56,634 | €54,836 | -€1,798 | -3.2% |
| Deferred taxes | 168 | €56,634 | €54,836 | -€1,798 | -3.2% |
| Amounts payable | 17/49 | €2,493,428 | €2,367,686 | -€125,743 | -5.0% |
| Amounts payable after more than one year | 17 | €1,082,072 | €1,008,530 | -€73,542 | -6.8% |
| Financial debts | 170/4 | €1,082,072 | €1,008,530 | -€73,542 | -6.8% |
| Amounts payable within one year | 42/48 | €1,406,295 | €1,353,605 | -€52,690 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €71,514 | €73,542 | +€2,027 | +2.8% |
| Financial debts | 43 | €733 | €4,814 | +€4,081 | +557.0% |
| Credit institutions | 430/8 | €733 | €4,814 | +€4,081 | +557.0% |
| Trade debts | 44 | €22,650 | €18,771 | -€3,879 | -17.1% |
| Suppliers | 440/4 | €22,650 | €18,771 | -€3,879 | -17.1% |
| Taxes, remuneration and social security | 45 | €344 | €589 | +€245 | +71.1% |
| Taxes | 450/3 | €344 | €589 | +€245 | +71.1% |
| Other amounts payable | 47/48 | €1,311,054 | €1,255,891 | -€55,164 | -4.2% |
| Accrued charges and deferred income | 492/3 | €5,062 | €5,551 | +€489 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,421 | €50,267 | -€1,154 | -2.2% |
| Other operating charges | 640/8 | €12,979 | €13,270 | +€291 | +2.2% |
| Gross operating margin | 9900 | €196,712 | €64,822 | -€131,890 | -67.0% |
| Operating profit (loss) | 9901 | €132,312 | €1,285 | -€131,027 | -99.0% |
| Financial income | 75/76B | €1,230 | €0 | -€1,230 | -100.0% |
| Recurring financial income | 75 | €1,230 | €0 | -€1,230 | -100.0% |
| Financial charges | 65/66B | €44,108 | €39,166 | -€4,942 | -11.2% |
| Recurring financial charges | 65 | €44,108 | €39,166 | -€4,942 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €89,434 | -€37,881 | -€127,316 | |
| Transfer from deferred taxes | 780 | €1,798 | €1,798 | = | 0.0% |
| Transfer to deferred taxes | 680 | €28,397 | €0 | -€28,397 | -100.0% |
| Profit (loss) for the period | 9904 | €62,835 | -€36,083 | -€98,919 | |
| Transfer from tax-exempt reserves | 789 | €5,393 | €5,393 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €85,191 | €0 | -€85,191 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,962 | -€30,690 | -€13,728 | -80.9% |
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 2 October 2026 via checked.be.