AID LETTERING: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
AID LETTERING
Largest movements
- Stocks and contracts -€41,207
down €41,207 (-50.0%), from €82,380 to €41,173
of which Contracts in progress: -€32,457
- Receivables within one year +€21,035
up €21,035 (+16.2%), from €130,039 to €151,074
of which Trade receivables: +€22,471
- Cash -€19,189
down €19,189 (-68.7%), from €27,935 to €8,746
mainly Debts after one year (-€115,490) and Contributions, distributions and other (-€30,825)
- Debts after one year -€115,490
down €115,490 (-37.1%), from €310,935 to €195,445
- Current portion of long-term debt +€55,538
up €55,538 (+260%), from €21,339 to €76,877
- Profit (loss) carried forward +€30,769
up €30,769 (+26.5%), from -€116,199 to -€85,430
- Reserves -€25,658
down €25,658 (-20.6%), from €124,418 to €98,760
- Tax, wage and social debts +€23,485
up €23,485 (+88.2%), from €26,630 to €50,115
- Gross operating margin +€31,223
up €31,223 (+24.1%), from €129,363 to €160,586
- Taxes +€13,416
up €13,416 (+3,120%), from €430 to €13,846
- Staff costs +€10,204
up €10,204 (+24.1%), from €42,345 to €52,549
- Financial charges +€9,806
up €9,806 (+53.0%), from €18,488 to €28,294
- Depreciation +€1,745
up €1,745 (+5.8%), from €30,253 to €31,998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,723 | €383,903 | -€43,820 | -10.2% |
| Fixed assets | 21/28 | €177,581 | €173,122 | -€4,459 | -2.5% |
| Tangible fixed assets | 22/27 | €170,798 | €166,682 | -€4,116 | -2.4% |
| Land and buildings | 22 | €130 | €79 | -€51 | -39.2% |
| Plant, machinery and equipment | 23 | €33,436 | €25,726 | -€7,710 | -23.1% |
| Furniture and vehicles | 24 | €1,961 | €1,301 | -€660 | -33.7% |
| Leasing and similar rights | 25 | €135,271 | €139,576 | +€4,305 | +3.2% |
| Financial fixed assets | 28 | €6,783 | €6,440 | -€343 | -5.1% |
| Current assets | 29/58 | €250,142 | €210,781 | -€39,361 | -15.7% |
| Amounts receivable after more than one year | 29 | €9,788 | €9,788 | = | 0.0% |
| Trade receivables | 290 | €9,788 | €9,788 | = | 0.0% |
| Stocks and contracts in progress | 3 | €82,380 | €41,173 | -€41,207 | -50.0% |
| Stocks | 30/36 | €49,923 | €41,173 | -€8,750 | -17.5% |
| Contracts in progress | 37 | €32,457 | - | -€32,457 | |
| Amounts receivable within one year | 40/41 | €130,039 | €151,074 | +€21,035 | +16.2% |
| Trade receivables | 40 | €112,253 | €134,724 | +€22,471 | +20.0% |
| Other amounts receivable | 41 | €17,786 | €16,350 | -€1,436 | -8.1% |
| Cash at bank and in hand | 54/58 | €27,935 | €8,746 | -€19,189 | -68.7% |
| Total equity and liabilities | 10/49 | €427,723 | €383,903 | -€43,820 | -10.2% |
| Equity | 10/15 | €16,070 | €16,014 | -€56 | -0.3% |
| Contributions | 10/11 | €7,851 | €2,684 | -€5,167 | -65.8% |
| Reserves | 13 | €124,418 | €98,760 | -€25,658 | -20.6% |
| Distributable reserves | 133 | €124,418 | €98,760 | -€25,658 | -20.6% |
| Profit (loss) carried forward | 14 | -€116,199 | -€85,430 | +€30,769 | +26.5% |
| Amounts payable | 17/49 | €411,653 | €367,889 | -€43,764 | -10.6% |
| Amounts payable after more than one year | 17 | €310,935 | €195,445 | -€115,490 | -37.1% |
| Financial debts | 170/4 | €310,935 | €195,445 | -€115,490 | -37.1% |
| Amounts payable within one year | 42/48 | €100,718 | €172,444 | +€71,726 | +71.2% |
| Current portion of amounts payable after more than one year | 42 | €21,339 | €76,877 | +€55,538 | +260% |
| Financial debts | 43 | €9,573 | €10,142 | +€569 | +5.9% |
| Credit institutions | 430/8 | €9,573 | €10,142 | +€569 | +5.9% |
| Trade debts | 44 | €41,350 | €31,408 | -€9,942 | -24.0% |
| Suppliers | 440/4 | €41,350 | €31,408 | -€9,942 | -24.0% |
| Taxes, remuneration and social security | 45 | €26,630 | €50,115 | +€23,485 | +88.2% |
| Taxes | 450/3 | €26,630 | €50,115 | +€23,485 | +88.2% |
| Other amounts payable | 47/48 | €1,826 | €3,902 | +€2,076 | +114% |
| Remuneration, social security and pensions | 62 | €42,345 | €52,549 | +€10,204 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,253 | €31,998 | +€1,745 | +5.8% |
| Other operating charges | 640/8 | €3,284 | €3,157 | -€127 | -3.9% |
| Gross operating margin | 9900 | €129,363 | €160,586 | +€31,223 | +24.1% |
| Operating profit (loss) | 9901 | €53,481 | €72,882 | +€19,401 | +36.3% |
| Financial income | 75/76B | €706 | €27 | -€679 | -96.2% |
| Recurring financial income | 75 | €28 | €27 | -€1 | -3.6% |
| Non-recurring financial income | 76B | €678 | - | -€678 | |
| Financial charges | 65/66B | €18,488 | €28,294 | +€9,806 | +53.0% |
| Recurring financial charges | 65 | €18,488 | €28,294 | +€9,806 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €35,699 | €44,615 | +€8,916 | +25.0% |
| Income taxes | 67/77 | €430 | €13,846 | +€13,416 | +3,120% |
| Profit (loss) for the period | 9904 | €35,269 | €30,769 | -€4,500 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,269 | €30,769 | -€4,500 | -12.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.