AOA: 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.
AOA
Largest movements
- Receivables within one year +€6,921
up €6,921 (+3,801%), from €182 to €7,103
of which Trade receivables: +€7,103
- Tangible fixed assets -€3,907
down €3,907 (-5.9%), from €66,670 to €62,764
of which Land and buildings: -€2,834
- Cash -€2,316
down €2,316 (-45.3%), from €5,112 to €2,796
mainly Receivables within one year (-€6,921) and Debts after one year (-€4,066)
- Debts after one year -€4,066
down €4,066 (-7.1%), from €57,141 to €53,075
- Profit (loss) carried forward +€3,799
up €3,799 (+62.0%), from -€6,126 to -€2,327
- Gross operating margin +€2,734
up €2,734 (+35.4%), from €7,724 to €10,457
- Financial charges -€119
down €119 (-4.8%), from €2,471 to €2,353
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.
Derived cash bridge
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 | €71,964 | €72,662 | +€698 | +1.0% |
| Fixed assets | 21/28 | €66,670 | €62,764 | -€3,907 | -5.9% |
| Tangible fixed assets | 22/27 | €66,670 | €62,764 | -€3,907 | -5.9% |
| Land and buildings | 22 | €59,185 | €56,351 | -€2,834 | -4.8% |
| Furniture and vehicles | 24 | €7,485 | €6,413 | -€1,073 | -14.3% |
| Current assets | 29/58 | €5,294 | €9,898 | +€4,605 | +87.0% |
| Amounts receivable within one year | 40/41 | €182 | €7,103 | +€6,921 | +3,801% |
| Trade receivables | 40 | - | €7,103 | +€7,103 | |
| Other amounts receivable | 41 | €182 | - | -€182 | |
| Cash at bank and in hand | 54/58 | €5,112 | €2,796 | -€2,316 | -45.3% |
| Total equity and liabilities | 10/49 | €71,964 | €72,662 | +€698 | +1.0% |
| Equity | 10/15 | €1,374 | €5,173 | +€3,799 | +276% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,126 | -€2,327 | +€3,799 | +62.0% |
| Amounts payable | 17/49 | €70,590 | €67,490 | -€3,101 | -4.4% |
| Amounts payable after more than one year | 17 | €57,141 | €53,075 | -€4,066 | -7.1% |
| Financial debts | 170/4 | €57,141 | €53,075 | -€4,066 | -7.1% |
| Amounts payable within one year | 42/48 | €13,449 | €14,415 | +€965 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €3,925 | €4,066 | +€141 | +3.6% |
| Trade debts | 44 | - | €558 | +€558 | |
| Suppliers | 440/4 | - | €558 | +€558 | |
| Taxes, remuneration and social security | 45 | - | €266 | +€266 | |
| Taxes | 450/3 | - | €266 | +€266 | |
| Other amounts payable | 47/48 | €9,524 | €9,524 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,811 | €3,907 | +€95 | +2.5% |
| Other operating charges | 640/8 | €447 | €400 | -€47 | -10.5% |
| Gross operating margin | 9900 | €7,724 | €10,457 | +€2,734 | +35.4% |
| Operating profit (loss) | 9901 | €3,466 | €6,151 | +€2,685 | +77.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,471 | €2,353 | -€119 | -4.8% |
| Recurring financial charges | 65 | €2,471 | €2,353 | -€119 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €994 | €3,799 | +€2,804 | +282% |
| Profit (loss) for the period | 9904 | €994 | €3,799 | +€2,804 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €994 | €3,799 | +€2,804 | +282% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.