AO GLOBAL: 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 GLOBAL
Largest movements
- Stocks and contracts -€91,950
down €91,950 (-53.4%), from €172,222 to €80,272
- Receivables within one year -€38,937
down €38,937 (-6.2%), from €625,936 to €586,999
of which Other amounts receivable: -€78,193
- Cash -€12,399
down €12,399 (-34.0%), from €36,460 to €24,061
mainly Trade debts (-€148,761) and Net result for the year (-€52,437)
- Trade debts -€148,761
down €148,761 (-25.7%), from €579,335 to €430,574
- Profit (loss) carried forward -€52,437
down €52,437, from €10,112 to -€42,325
- Accrued charges and deferred income +€28,953
new in 2023: €28,953
- Other debts +€27,592
up €27,592 (+23.4%), from €118,118 to €145,711
- Gross operating margin +€76,025
up €76,025 (+97.9%), from -€77,628 to -€1,603
- Staff costs -€4,637
no longer reported in 2023 (was €4,637)
- Financial income -€3,872
no longer reported in 2023 (was €3,872)
- Financial charges -€2,122
down €2,122 (-44.2%), from €4,796 to €2,674
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €846,321 | €699,204 | -€147,116 | -17.4% |
| Fixed assets | 21/28 | €9,431 | €7,873 | -€1,557 | -16.5% |
| Tangible fixed assets | 22/27 | €9,331 | €7,773 | -€1,557 | -16.7% |
| Furniture and vehicles | 24 | €9,331 | €7,773 | -€1,557 | -16.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €836,890 | €691,331 | -€145,559 | -17.4% |
| Stocks and contracts in progress | 3 | €172,222 | €80,272 | -€91,950 | -53.4% |
| Stocks | 30/36 | €172,222 | €80,272 | -€91,950 | -53.4% |
| Amounts receivable within one year | 40/41 | €625,936 | €586,999 | -€38,937 | -6.2% |
| Trade receivables | 40 | €503,012 | €542,268 | +€39,256 | +7.8% |
| Other amounts receivable | 41 | €122,924 | €44,730 | -€78,193 | -63.6% |
| Cash at bank and in hand | 54/58 | €36,460 | €24,061 | -€12,399 | -34.0% |
| Deferred charges and accrued income | 490/1 | €2,273 | - | -€2,273 | |
| Total equity and liabilities | 10/49 | €846,321 | €699,204 | -€147,116 | -17.4% |
| Equity | 10/15 | €16,312 | -€36,125 | -€52,437 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,112 | -€42,325 | -€52,437 | |
| Amounts payable | 17/49 | €830,009 | €735,330 | -€94,679 | -11.4% |
| Amounts payable within one year | 42/48 | €830,009 | €706,377 | -€123,632 | -14.9% |
| Trade debts | 44 | €579,335 | €430,574 | -€148,761 | -25.7% |
| Suppliers | 440/4 | €579,335 | €430,574 | -€148,761 | -25.7% |
| Advances received on contracts in progress | 46 | €89,893 | €89,893 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,662 | €40,199 | -€2,463 | -5.8% |
| Taxes | 450/3 | €42,662 | €40,199 | -€2,463 | -5.8% |
| Other amounts payable | 47/48 | €118,118 | €145,711 | +€27,592 | +23.4% |
| Accrued charges and deferred income | 492/3 | - | €28,953 | +€28,953 | |
| Remuneration, social security and pensions | 62 | €4,637 | - | -€4,637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,678 | €3,896 | +€218 | +5.9% |
| Other operating charges | 640/8 | €620 | €1,352 | +€732 | +118.1% |
| Non-recurring operating charges | 66A | - | €42,144 | +€42,144 | |
| Gross operating margin | 9900 | -€77,628 | -€1,603 | +€76,025 | +97.9% |
| Operating profit (loss) | 9901 | -€86,563 | -€48,994 | +€37,569 | +43.4% |
| Financial income | 75/76B | €3,872 | - | -€3,872 | |
| Recurring financial income | 75 | €3,872 | - | -€3,872 | |
| Financial charges | 65/66B | €4,796 | €2,674 | -€2,122 | -44.2% |
| Recurring financial charges | 65 | €4,796 | €2,674 | -€2,122 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€87,486 | -€51,668 | +€35,818 | +40.9% |
| Income taxes | 67/77 | €778 | €769 | -€9 | -1.2% |
| Profit (loss) for the period | 9904 | -€88,265 | -€52,437 | +€35,828 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,265 | -€52,437 | +€35,828 | +40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.