AO: 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.
AO
Largest movements
- Tangible fixed assets +€2,067
up €2,067 (+104.1%), from €1,985 to €4,052
of which Other tangible fixed assets: +€1,757
- Receivables within one year +€1,774
up €1,774 (+6.1%), from €29,209 to €30,984
of which Trade receivables: +€1,199
- Other debts +€8,500
new in 2025: €8,500
- Profit (loss) carried forward -€8,235
down €8,235 (-42.8%), from €19,252 to €11,017
- Trade debts +€1,823
up €1,823 (+129.3%), from €1,410 to €3,233
- Tax, wage and social debts +€1,800
up €1,800 (+16.6%), from €10,813 to €12,613
of which Taxes: +€1,800
- Gross operating margin -€3,679
down €3,679 (-29.7%), from €12,392 to €8,712
- Other operating charges -€1,552
down €1,552 (-34.6%), from €4,483 to €2,931
- Financial charges -€521
down €521 (-24.8%), from €2,099 to €1,578
- Depreciation +€453
up €453 (+73.5%), from €616 to €1,069
- Taxes -€261
down €261 (-9.7%), from €2,698 to €2,437
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 | €33,976 | €37,747 | +€3,772 | +11.1% |
| Fixed assets | 21/28 | €1,985 | €4,052 | +€2,067 | +104.1% |
| Tangible fixed assets | 22/27 | €1,985 | €4,052 | +€2,067 | +104.1% |
| Plant, machinery and equipment | 23 | €937 | €603 | -€334 | -35.6% |
| Furniture and vehicles | 24 | €1,048 | €1,692 | +€644 | +61.5% |
| Other tangible fixed assets | 26 | - | €1,757 | +€1,757 | |
| Current assets | 29/58 | €31,991 | €33,696 | +€1,705 | +5.3% |
| Amounts receivable within one year | 40/41 | €29,209 | €30,984 | +€1,774 | +6.1% |
| Trade receivables | 40 | €9,796 | €10,995 | +€1,199 | +12.2% |
| Other amounts receivable | 41 | €19,413 | €19,989 | +€575 | +3.0% |
| Cash at bank and in hand | 54/58 | €1,581 | €1,514 | -€67 | -4.2% |
| Deferred charges and accrued income | 490/1 | €1,201 | €1,198 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €33,976 | €37,747 | +€3,772 | +11.1% |
| Equity | 10/15 | €21,252 | €13,017 | -€8,235 | -38.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,252 | €11,017 | -€8,235 | -42.8% |
| Amounts payable | 17/49 | €12,723 | €24,730 | +€12,007 | +94.4% |
| Amounts payable within one year | 42/48 | €12,337 | €24,345 | +€12,008 | +97.3% |
| Trade debts | 44 | €1,410 | €3,233 | +€1,823 | +129.3% |
| Suppliers | 440/4 | €1,410 | €3,233 | +€1,823 | +129.3% |
| Advances received on contracts in progress | 46 | €115 | €0 | -€115 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,813 | €12,613 | +€1,800 | +16.6% |
| Taxes | 450/3 | €8,873 | €10,673 | +€1,800 | +20.3% |
| Remuneration and social security | 454/9 | €1,939 | €1,939 | = | 0.0% |
| Other amounts payable | 47/48 | - | €8,500 | +€8,500 | |
| Accrued charges and deferred income | 492/3 | €386 | €384 | -€2 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616 | €1,069 | +€453 | +73.5% |
| Other operating charges | 640/8 | €4,483 | €2,931 | -€1,552 | -34.6% |
| Gross operating margin | 9900 | €12,392 | €8,712 | -€3,679 | -29.7% |
| Operating profit (loss) | 9901 | €7,293 | €4,712 | -€2,581 | -35.4% |
| Financial income | 75/76B | €1,127 | €1,068 | -€60 | -5.3% |
| Recurring financial income | 75 | €1,127 | €1,068 | -€60 | -5.3% |
| Financial charges | 65/66B | €2,099 | €1,578 | -€521 | -24.8% |
| Recurring financial charges | 65 | €2,099 | €1,578 | -€521 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €6,321 | €4,202 | -€2,119 | -33.5% |
| Income taxes | 67/77 | €2,698 | €2,437 | -€261 | -9.7% |
| Profit (loss) for the period | 9904 | €3,624 | €1,765 | -€1,859 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,624 | €1,765 | -€1,859 | -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 8 October 2026 via checked.be.