AO SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€32,772
up €32,772 (+119.6%), from €27,412 to €60,184
mainly Debts after one year (+€116,501) and Depreciation (+€21,416)
- Tangible fixed assets +€11,559
up €11,559 (+6.3%), from €184,436 to €195,995
of which Furniture and vehicles: +€8,003
- Intangible fixed assets -€4,700
down €4,700 (-40.7%), from €11,542 to €6,842
- Debts after one year +€116,501
up €116,501 (+35.7%), from €326,787 to €443,288
- Profit (loss) carried forward -€82,487
down €82,487 (-18.9%), from -€436,017 to -€518,504
- Tax, wage and social debts +€9,491
up €9,491 (+922.5%), from €1,029 to €10,520
of which Remuneration and social security: +€7,912
- Staff costs +€42,202
up €42,202 (+3147.0%), from €1,341 to €43,543
- Gross operating margin -€18,067
down €18,067, from €5,862 to -€12,205
- Depreciation +€11,808
up €11,808 (+122.9%), from €9,609 to €21,416
- Financial charges +€887
up €887 (+117.7%), from €754 to €1,641
- Other operating charges +€252
up €252 (+7.6%), from €3,329 to €3,581
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 | €385,357 | €424,958 | +€39,601 | +10.3% |
| Fixed assets | 21/28 | €203,851 | €210,710 | +€6,859 | +3.4% |
| Intangible fixed assets | 21 | €11,542 | €6,842 | -€4,700 | -40.7% |
| Tangible fixed assets | 22/27 | €184,436 | €195,995 | +€11,559 | +6.3% |
| Land and buildings | 22 | €135,424 | €135,424 | = | 0.0% |
| Furniture and vehicles | 24 | €31,630 | €39,633 | +€8,003 | +25.3% |
| Other tangible fixed assets | 26 | €17,382 | €20,938 | +€3,556 | +20.5% |
| Financial fixed assets | 28 | €7,873 | €7,873 | = | 0.0% |
| Current assets | 29/58 | €181,506 | €214,248 | +€32,742 | +18.0% |
| Stocks and contracts in progress | 3 | €96,824 | €94,276 | -€2,547 | -2.6% |
| Stocks | 30/36 | €96,824 | €94,276 | -€2,547 | -2.6% |
| Amounts receivable within one year | 40/41 | €53,993 | €54,110 | +€117 | +0.2% |
| Trade receivables | 40 | €45,287 | €35,610 | -€9,677 | -21.4% |
| Other amounts receivable | 41 | €8,706 | €18,500 | +€9,794 | +112.5% |
| Cash at bank and in hand | 54/58 | €27,412 | €60,184 | +€32,772 | +119.6% |
| Deferred charges and accrued income | 490/1 | €3,278 | €5,679 | +€2,401 | +73.3% |
| Total equity and liabilities | 10/49 | €385,357 | €424,958 | +€39,601 | +10.3% |
| Equity | 10/15 | €23,947 | -€58,540 | -€82,487 | |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €9,964 | €9,964 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,964 | €9,964 | = | 0.0% |
| Legal reserve | 130 | €9,964 | €9,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€436,017 | -€518,504 | -€82,487 | -18.9% |
| Amounts payable | 17/49 | €361,410 | €483,498 | +€122,089 | +33.8% |
| Amounts payable after more than one year | 17 | €326,787 | €443,288 | +€116,501 | +35.7% |
| Other amounts payable | 178/9 | €326,787 | €443,288 | +€116,501 | +35.7% |
| Amounts payable within one year | 42/48 | €34,623 | €40,210 | +€5,588 | +16.1% |
| Trade debts | 44 | €30,080 | €27,140 | -€2,940 | -9.8% |
| Suppliers | 440/4 | €30,080 | €27,140 | -€2,940 | -9.8% |
| Advances received on contracts in progress | 46 | €964 | - | -€964 | |
| Taxes, remuneration and social security | 45 | €1,029 | €10,520 | +€9,491 | +922.5% |
| Taxes | 450/3 | €114 | €1,694 | +€1,579 | +1381.7% |
| Remuneration and social security | 454/9 | €915 | €8,827 | +€7,912 | +865.1% |
| Other amounts payable | 47/48 | €2,550 | €2,550 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,341 | €43,543 | +€42,202 | +3147.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,609 | €21,416 | +€11,808 | +122.9% |
| Other operating charges | 640/8 | €3,329 | €3,581 | +€252 | +7.6% |
| Non-recurring operating charges | 66A | €264 | - | -€264 | |
| Gross operating margin | 9900 | €5,862 | -€12,205 | -€18,067 | |
| Operating profit (loss) | 9901 | -€8,680 | -€80,745 | -€72,065 | -830.2% |
| Financial income | 75/76B | €84 | €230 | +€146 | +174.8% |
| Recurring financial income | 75 | €84 | €230 | +€146 | +174.8% |
| Financial charges | 65/66B | €754 | €1,641 | +€887 | +117.7% |
| Recurring financial charges | 65 | €754 | €1,641 | +€887 | +117.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,350 | -€82,155 | -€72,805 | -778.6% |
| Income taxes | 67/77 | €138 | €332 | +€194 | +140.3% |
| Profit (loss) for the period | 9904 | -€9,488 | -€82,487 | -€72,999 | -769.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,488 | -€82,487 | -€72,999 | -769.4% |
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 5 October 2026 via checked.be.