A & T: 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.
A & T
Largest movements
- Receivables within one year -€6,730
down €6,730 (-21.7%), from €30,944 to €24,214
of which Trade receivables: -€10,121
- Receivables after one year +€2,445
up €2,445 (+2.6%), from €93,258 to €95,702
- Reserves +€8,940
up €8,940 (+8.5%), from €105,783 to €114,722
of which Distributable reserves: +€8,940
- Tax, wage and social debts -€5,061
down €5,061 (-93.1%), from €5,437 to €377
- Short-term financial debts -€4,690
down €4,690 (-100%), from €4,690 to €0
- Trade debts -€2,190
down €2,190 (-21.5%), from €10,193 to €8,003
- Gross operating margin -€35,210
down €35,210 (-68.5%), from €51,384 to €16,174
- Financial charges -€4,904
down €4,904 (-66.8%), from €7,338 to €2,433
- Taxes -€3,606
down €3,606 (-34.5%), from €10,444 to €6,838
- Write-downs -€2,499
down €2,499 (-100%), from €2,499 to €0
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 | €144,695 | €141,694 | -€3,001 | -2.1% |
| Fixed assets | 21/28 | - | €1,010 | +€1,010 | |
| Tangible fixed assets | 22/27 | - | €1,010 | +€1,010 | |
| Furniture and vehicles | 24 | - | €1,010 | +€1,010 | |
| Current assets | 29/58 | €144,695 | €140,684 | -€4,011 | -2.8% |
| Amounts receivable after more than one year | 29 | €93,258 | €95,702 | +€2,445 | +2.6% |
| Other amounts receivable | 291 | €93,258 | €95,702 | +€2,445 | +2.6% |
| Amounts receivable within one year | 40/41 | €30,944 | €24,214 | -€6,730 | -21.7% |
| Trade receivables | 40 | €18,304 | €8,184 | -€10,121 | -55.3% |
| Other amounts receivable | 41 | €12,639 | €16,030 | +€3,391 | +26.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,179 | €19,373 | +€194 | +1.0% |
| Deferred charges and accrued income | 490/1 | €1,314 | €1,394 | +€80 | +6.1% |
| Total equity and liabilities | 10/49 | €144,695 | €141,694 | -€3,001 | -2.1% |
| Equity | 10/15 | €124,375 | €133,314 | +€8,940 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,783 | €114,722 | +€8,940 | +8.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €105,783 | €114,722 | +€8,940 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,321 | €8,380 | -€11,941 | -58.8% |
| Amounts payable within one year | 42/48 | €20,321 | €8,380 | -€11,941 | -58.8% |
| Financial debts | 43 | €4,690 | €0 | -€4,690 | -100% |
| Credit institutions | 430/8 | €4,690 | €0 | -€4,690 | -100% |
| Trade debts | 44 | €10,193 | €8,003 | -€2,190 | -21.5% |
| Suppliers | 440/4 | €10,193 | €8,003 | -€2,190 | -21.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,437 | €377 | -€5,061 | -93.1% |
| Taxes | 450/3 | €5,437 | €377 | -€5,061 | -93.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €158 | +€158 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,499 | €0 | -€2,499 | -100% |
| Other operating charges | 640/8 | €966 | €535 | -€430 | -44.6% |
| Gross operating margin | 9900 | €51,384 | €16,174 | -€35,210 | -68.5% |
| Operating profit (loss) | 9901 | €47,919 | €15,481 | -€32,438 | -67.7% |
| Financial income | 75/76B | €2,821 | €2,730 | -€90 | -3.2% |
| Recurring financial income | 75 | €2,821 | €2,730 | -€90 | -3.2% |
| Financial charges | 65/66B | €7,338 | €2,433 | -€4,904 | -66.8% |
| Recurring financial charges | 65 | €7,338 | €2,433 | -€4,904 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €43,402 | €15,778 | -€27,624 | -63.6% |
| Income taxes | 67/77 | €10,444 | €6,838 | -€3,606 | -34.5% |
| Profit (loss) for the period | 9904 | €32,958 | €8,940 | -€24,019 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,958 | €8,940 | -€24,019 | -72.9% |
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.