A+E CONSULT: 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.
A+E CONSULT
Largest movements
- Receivables within one year +€215,995
up €215,995 (+72.7%), from €297,252 to €513,247
of which Trade receivables: +€162,726
- Intangible fixed assets -€150,474
down €150,474 (-25.8%), from €583,756 to €433,282
- Cash -€133,848
down €133,848 (-26.3%), from €508,209 to €374,361
- Current investments +€60,000
up €60,000, from €0 to €60,000
- Other debts -€563,846
down €563,846 (-65.2%), from €864,366 to €300,520
- Profit (loss) carried forward +€450,015
up €450,015 (+466.8%), from €96,407 to €546,423
- Advances received +€84,283
new in 2025: €84,283
- Tax, wage and social debts +€80,579
up €80,579 (+79.1%), from €101,824 to €182,403
of which Remuneration and social security: +€91,816
- Accrued charges and deferred income -€49,324
down €49,324 (-76.0%), from €64,891 to €15,567
- Gross operating margin +€905,559
up €905,559 (+78.2%), from €1.2m to €2.1m
- Staff costs +€511,831
up €511,831 (+92.3%), from €554,553 to €1.1m
- Taxes +€150,289
up €150,289 (+363.5%), from €41,347 to €191,636
- Depreciation +€78,177
up €78,177 (+55.0%), from €142,059 to €220,236
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,544,846 | €1,534,277 | -€10,569 | -0.7% |
| Fixed assets | 21/28 | €725,490 | €579,330 | -€146,160 | -20.1% |
| Intangible fixed assets | 21 | €583,756 | €433,282 | -€150,474 | -25.8% |
| Tangible fixed assets | 22/27 | €133,564 | €137,878 | +€4,313 | +3.2% |
| Plant, machinery and equipment | 23 | €75,702 | €35,702 | -€40,000 | -52.8% |
| Furniture and vehicles | 24 | €57,862 | €102,175 | +€44,313 | +76.6% |
| Financial fixed assets | 28 | €8,170 | €8,170 | = | 0.0% |
| Current assets | 29/58 | €819,355 | €954,947 | +€135,591 | +16.5% |
| Amounts receivable within one year | 40/41 | €297,252 | €513,247 | +€215,995 | +72.7% |
| Trade receivables | 40 | €286,672 | €449,397 | +€162,726 | +56.8% |
| Other amounts receivable | 41 | €10,580 | €63,849 | +€53,269 | +503.5% |
| Current investments | 50/53 | €0 | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €508,209 | €374,361 | -€133,848 | -26.3% |
| Deferred charges and accrued income | 490/1 | €13,895 | €7,339 | -€6,556 | -47.2% |
| Total equity and liabilities | 10/49 | €1,544,846 | €1,534,277 | -€10,569 | -0.7% |
| Equity | 10/15 | €99,407 | €549,423 | +€450,015 | +452.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,407 | €546,423 | +€450,015 | +466.8% |
| Amounts payable | 17/49 | €1,445,438 | €984,854 | -€460,584 | -31.9% |
| Amounts payable within one year | 42/48 | €1,380,547 | €969,287 | -€411,260 | -29.8% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €414,358 | €402,060 | -€12,298 | -3.0% |
| Suppliers | 440/4 | €414,358 | €402,060 | -€12,298 | -3.0% |
| Advances received on contracts in progress | 46 | - | €84,283 | +€84,283 | |
| Taxes, remuneration and social security | 45 | €101,824 | €182,403 | +€80,579 | +79.1% |
| Taxes | 450/3 | €30,488 | €19,251 | -€11,237 | -36.9% |
| Remuneration and social security | 454/9 | €71,336 | €163,152 | +€91,816 | +128.7% |
| Other amounts payable | 47/48 | €864,366 | €300,520 | -€563,846 | -65.2% |
| Accrued charges and deferred income | 492/3 | €64,891 | €15,567 | -€49,324 | -76.0% |
| Remuneration, social security and pensions | 62 | €554,553 | €1,066,383 | +€511,831 | +92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,059 | €220,236 | +€78,177 | +55.0% |
| Other operating charges | 640/8 | €2,946 | €6,814 | +€3,868 | +131.3% |
| Gross operating margin | 9900 | €1,157,272 | €2,062,830 | +€905,559 | +78.2% |
| Operating profit (loss) | 9901 | €457,714 | €769,397 | +€311,683 | +68.1% |
| Financial income | 75/76B | €12,514 | €6,482 | -€6,031 | -48.2% |
| Recurring financial income | 75 | €12,514 | €6,482 | -€6,031 | -48.2% |
| Financial charges | 65/66B | €46,748 | €34,229 | -€12,519 | -26.8% |
| Recurring financial charges | 65 | €46,748 | €34,229 | -€12,519 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €423,480 | €741,651 | +€318,171 | +75.1% |
| Income taxes | 67/77 | €41,347 | €191,636 | +€150,289 | +363.5% |
| Profit (loss) for the period | 9904 | €382,133 | €550,015 | +€167,882 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €382,133 | €550,015 | +€167,882 | +43.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.