GROUP 2A2M: what changed
GROUP 2A2M
Largest movements
- Tangible fixed assets +€231,097
up €231,097 (+274%), from €84,324 to €315,421
of which Land and buildings: +€250,685
- Stocks and contracts -€90,746
no longer reported in 2024 (was €90,746)
- Receivables within one year -€47,418
down €47,418 (-32.2%), from €147,401 to €99,983
of which Other amounts receivable: -€113,418
- Deferred charges and accrued income +€15,824
new in 2024: €15,824
- Short-term financial debts +€49,416
up €49,416 (+400%), from €12,345 to €61,761
- Other debts +€23,283
up €23,283 (+758%), from €3,072 to €26,355
- Trade debts +€18,142
up €18,142 (+77.2%), from €23,512 to €41,654
- Reserves +€9,234
up €9,234 (+6.9%), from €133,492 to €142,726
- Debts after one year +€8,530
up €8,530 (+9.9%), from €86,470 to €95,000
of which Other amounts payable: +€15,000
- Other operating charges +€48,244
up €48,244 (+1,425%), from €3,385 to €51,630
- Taxes +€38,168
new in 2024: €38,168
- Gross operating margin +€35,972
up €35,972 (+34.4%), from €104,490 to €140,461
- Depreciation -€10,867
down €10,867 (-60.6%), from €17,946 to €7,079
- Financial charges +€8,051
up €8,051 (+370%), from €2,173 to €10,224
Change in the result, 2023 to 2024
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,062 | €431,819 | +€108,757 | +33.7% |
| Fixed assets | 21/28 | €84,915 | €316,012 | +€231,097 | +272% |
| Tangible fixed assets | 22/27 | €84,324 | €315,421 | +€231,097 | +274% |
| Land and buildings | 22 | €64,735 | €315,421 | +€250,685 | +387% |
| Furniture and vehicles | 24 | €19,589 | - | -€19,589 | |
| Financial fixed assets | 28 | €591 | €591 | = | 0.0% |
| Current assets | 29/58 | €238,147 | €115,807 | -€122,340 | -51.4% |
| Stocks and contracts in progress | 3 | €90,746 | - | -€90,746 | |
| Stocks | 30/36 | €90,746 | - | -€90,746 | |
| Amounts receivable within one year | 40/41 | €147,401 | €99,983 | -€47,418 | -32.2% |
| Trade receivables | 40 | - | €66,000 | +€66,000 | |
| Other amounts receivable | 41 | €147,401 | €33,983 | -€113,418 | -76.9% |
| Deferred charges and accrued income | 490/1 | - | €15,824 | +€15,824 | |
| Total equity and liabilities | 10/49 | €323,062 | €431,819 | +€108,757 | +33.7% |
| Equity | 10/15 | €137,492 | €146,726 | +€9,234 | +6.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €133,492 | €142,726 | +€9,234 | +6.9% |
| Distributable reserves | 133 | €133,492 | €142,726 | +€9,234 | +6.9% |
| Amounts payable | 17/49 | €185,570 | €285,093 | +€99,523 | +53.6% |
| Amounts payable after more than one year | 17 | €86,470 | €95,000 | +€8,530 | +9.9% |
| Financial debts | 170/4 | €6,470 | - | -€6,470 | |
| Other amounts payable | 178/9 | €80,000 | €95,000 | +€15,000 | +18.8% |
| Amounts payable within one year | 42/48 | €90,954 | €183,677 | +€92,724 | +102% |
| Current portion of amounts payable after more than one year | 42 | €10,838 | €6,470 | -€4,368 | -40.3% |
| Financial debts | 43 | €12,345 | €61,761 | +€49,416 | +400% |
| Credit institutions | 430/8 | €12,345 | €61,761 | +€49,416 | +400% |
| Trade debts | 44 | €23,512 | €41,654 | +€18,142 | +77.2% |
| Suppliers | 440/4 | €23,512 | €41,654 | +€18,142 | +77.2% |
| Taxes, remuneration and social security | 45 | €41,186 | €47,437 | +€6,251 | +15.2% |
| Taxes | 450/3 | €40,074 | €41,622 | +€1,548 | +3.9% |
| Remuneration and social security | 454/9 | €1,112 | €5,816 | +€4,703 | +423% |
| Other amounts payable | 47/48 | €3,072 | €26,355 | +€23,283 | +758% |
| Accrued charges and deferred income | 492/3 | €8,147 | €6,416 | -€1,731 | -21.2% |
| Non-recurring operating income | 76A | - | €64,674 | +€64,674 | |
| Remuneration, social security and pensions | 62 | €22,002 | €23,840 | +€1,838 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,946 | €7,079 | -€10,867 | -60.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,500 | - | -€5,500 | |
| Other operating charges | 640/8 | €3,385 | €51,630 | +€48,244 | +1,425% |
| Non-recurring operating charges | 66A | - | €287 | +€287 | |
| Gross operating margin | 9900 | €104,490 | €140,461 | +€35,972 | +34.4% |
| Operating profit (loss) | 9901 | €55,657 | €57,625 | +€1,969 | +3.5% |
| Financial charges | 65/66B | €2,173 | €10,224 | +€8,051 | +370% |
| Recurring financial charges | 65 | €2,173 | €10,224 | +€8,051 | +370% |
| Profit (loss) for the period before taxes | 9903 | €53,484 | €47,402 | -€6,082 | -11.4% |
| Income taxes | 67/77 | - | €38,168 | +€38,168 | |
| Profit (loss) for the period | 9904 | €53,484 | €9,234 | -€44,250 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,484 | €9,234 | -€44,250 | -82.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.