AAA TRADE: 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.
AAA TRADE
Largest movements
- Receivables within one year -€86,647
down €86,647 (-17.8%), from €487,579 to €400,932
of which Trade receivables: -€80,058
- Cash -€54,110
down €54,110 (-99.5%), from €54,408 to €298
mainly Net result for the year (-€113,645) and Trade debts (-€63,289)
- Stocks and contracts -€21,000
down €21,000 (-25.1%), from €83,657 to €62,658
- Tangible fixed assets -€15,381
down €15,381 (-73.6%), from €20,893 to €5,512
of which Plant, machinery and equipment: -€10,780
- Profit (loss) carried forward -€113,645
new in 2025: -€113,645
- Trade debts -€63,289
down €63,289 (-88.5%), from €71,511 to €8,222
- Current portion of long-term debt -€10,148
no longer reported in 2025 (was €10,148)
- Gross operating margin -€602,787
down €602,787, from €560,427 to -€42,359
- Taxes -€149,810
no longer reported in 2025 (was €149,810)
- Write-downs -€47,968
no longer reported in 2025 (was €47,968)
- Staff costs +€13,438
up €13,438 (+35.7%), from €37,653 to €51,092
- Other operating charges +€9,259
up €9,259 (+147.9%), from €6,260 to €15,520
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 | €653,107 | €472,098 | -€181,010 | -27.7% |
| Fixed assets | 21/28 | €22,443 | €7,062 | -€15,381 | -68.5% |
| Tangible fixed assets | 22/27 | €20,893 | €5,512 | -€15,381 | -73.6% |
| Plant, machinery and equipment | 23 | €12,155 | €1,375 | -€10,780 | -88.7% |
| Furniture and vehicles | 24 | €8,738 | €4,137 | -€4,601 | -52.7% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €630,665 | €465,036 | -€165,628 | -26.3% |
| Stocks and contracts in progress | 3 | €83,657 | €62,658 | -€21,000 | -25.1% |
| Stocks | 30/36 | €83,657 | €62,658 | -€21,000 | -25.1% |
| Amounts receivable within one year | 40/41 | €487,579 | €400,932 | -€86,647 | -17.8% |
| Trade receivables | 40 | €469,122 | €389,065 | -€80,058 | -17.1% |
| Other amounts receivable | 41 | €18,456 | €11,867 | -€6,589 | -35.7% |
| Cash at bank and in hand | 54/58 | €54,408 | €298 | -€54,110 | -99.5% |
| Deferred charges and accrued income | 490/1 | €5,020 | €1,148 | -€3,872 | -77.1% |
| Total equity and liabilities | 10/49 | €653,107 | €472,098 | -€181,010 | -27.7% |
| Equity | 10/15 | €563,221 | €449,576 | -€113,645 | -20.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €544,671 | €544,671 | = | 0.0% |
| Distributable reserves | 133 | €544,671 | €544,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€113,645 | -€113,645 | |
| Amounts payable | 17/49 | €89,886 | €22,521 | -€67,365 | -74.9% |
| Amounts payable within one year | 42/48 | €89,886 | €22,521 | -€67,365 | -74.9% |
| Current portion of amounts payable after more than one year | 42 | €10,148 | - | -€10,148 | |
| Trade debts | 44 | €71,511 | €8,222 | -€63,289 | -88.5% |
| Suppliers | 440/4 | €71,511 | €8,222 | -€63,289 | -88.5% |
| Taxes, remuneration and social security | 45 | €8,228 | €8,799 | +€572 | +6.9% |
| Taxes | 450/3 | €71 | €5,475 | +€5,404 | +7604.2% |
| Remuneration and social security | 454/9 | €8,157 | €3,325 | -€4,832 | -59.2% |
| Other amounts payable | 47/48 | - | €5,500 | +€5,500 | |
| Remuneration, social security and pensions | 62 | €37,653 | €51,092 | +€13,438 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,792 | €4,512 | -€3,281 | -42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,968 | - | -€47,968 | |
| Other operating charges | 640/8 | €6,260 | €15,520 | +€9,259 | +147.9% |
| Gross operating margin | 9900 | €560,427 | -€42,359 | -€602,787 | |
| Operating profit (loss) | 9901 | €460,753 | -€113,482 | -€574,236 | |
| Financial income | 75/76B | €1,424 | €339 | -€1,085 | -76.2% |
| Recurring financial income | 75 | €1,424 | €339 | -€1,085 | -76.2% |
| Financial charges | 65/66B | €746 | €501 | -€245 | -32.8% |
| Recurring financial charges | 65 | €746 | €501 | -€245 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €461,431 | -€113,645 | -€575,076 | |
| Income taxes | 67/77 | €149,810 | - | -€149,810 | |
| Profit (loss) for the period | 9904 | €311,621 | -€113,645 | -€425,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €311,621 | -€113,645 | -€425,266 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.