A.E.F.: 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.F.
Largest movements
- Tangible fixed assets -€3,986
down €3,986 (-78.4%), from €5,082 to €1,095
of which Leasing and similar rights: -€3,418
- Stocks and contracts -€3,220
down €3,220 (-96.3%), from €3,344 to €124
- Cash -€1,416
down €1,416 (-86.2%), from €1,642 to €226
mainly Trade debts (-€7,260) and Current portion of long-term debt (-€6,110)
- Receivables within one year -€602
down €602 (-14.5%), from €4,164 to €3,562
- Deferred charges and accrued income -€173
no longer reported in 2023 (was €173)
- Trade debts -€7,260
down €7,260 (-33.0%), from €21,992 to €14,732
- Current portion of long-term debt -€6,110
no longer reported in 2023 (was €6,110)
- Tax, wage and social debts +€2,840
up €2,840 (+150.3%), from €1,890 to €4,730
- Profit (loss) carried forward +€2,632
up €2,632 (+7.1%), from -€36,868 to -€34,236
- Other debts -€1,499
no longer reported in 2023 (was €1,499)
- Staff costs -€9,813
down €9,813 (-99.5%), from €9,867 to €54
- Taxes +€2,824
up €2,824 (+586.3%), from €482 to €3,306
- Gross operating margin +€2,084
up €2,084 (+16.7%), from €12,462 to €14,546
- Financial charges -€1,272
down €1,272 (-26.7%), from €4,770 to €3,498
- Depreciation -€897
down €897 (-18.4%), from €4,884 to €3,986
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,075 | €5,677 | -€9,398 | -62.3% |
| Fixed assets | 21/28 | €5,751 | €1,765 | -€3,986 | -69.3% |
| Tangible fixed assets | 22/27 | €5,082 | €1,095 | -€3,986 | -78.4% |
| Plant, machinery and equipment | 23 | €1,663 | €1,095 | -€568 | -34.2% |
| Leasing and similar rights | 25 | €3,418 | - | -€3,418 | |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €9,323 | €3,912 | -€5,411 | -58.0% |
| Stocks and contracts in progress | 3 | €3,344 | €124 | -€3,220 | -96.3% |
| Stocks | 30/36 | €3,344 | €124 | -€3,220 | -96.3% |
| Amounts receivable within one year | 40/41 | €4,164 | €3,562 | -€602 | -14.5% |
| Other amounts receivable | 41 | €4,164 | €3,562 | -€602 | -14.5% |
| Cash at bank and in hand | 54/58 | €1,642 | €226 | -€1,416 | -86.2% |
| Deferred charges and accrued income | 490/1 | €173 | - | -€173 | |
| Total equity and liabilities | 10/49 | €15,075 | €5,677 | -€9,398 | -62.3% |
| Equity | 10/15 | -€16,417 | -€13,785 | +€2,632 | +16.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,868 | -€34,236 | +€2,632 | +7.1% |
| Amounts payable | 17/49 | €31,492 | €19,462 | -€12,029 | -38.2% |
| Amounts payable within one year | 42/48 | €31,492 | €19,462 | -€12,029 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €6,110 | - | -€6,110 | |
| Trade debts | 44 | €21,992 | €14,732 | -€7,260 | -33.0% |
| Suppliers | 440/4 | €21,992 | €14,732 | -€7,260 | -33.0% |
| Taxes, remuneration and social security | 45 | €1,890 | €4,730 | +€2,840 | +150.3% |
| Taxes | 450/3 | €1,890 | €4,730 | +€2,840 | +150.3% |
| Other amounts payable | 47/48 | €1,499 | - | -€1,499 | |
| Remuneration, social security and pensions | 62 | €9,867 | €54 | -€9,813 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,884 | €3,986 | -€897 | -18.4% |
| Other operating charges | 640/8 | €927 | €1,070 | +€144 | +15.5% |
| Gross operating margin | 9900 | €12,462 | €14,546 | +€2,084 | +16.7% |
| Operating profit (loss) | 9901 | -€3,214 | €9,436 | +€12,650 | |
| Financial income | 75/76B | €165 | - | -€165 | |
| Recurring financial income | 75 | €165 | - | -€165 | |
| Financial charges | 65/66B | €4,770 | €3,498 | -€1,272 | -26.7% |
| Recurring financial charges | 65 | €4,770 | €3,498 | -€1,272 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,819 | €5,938 | +€13,757 | |
| Income taxes | 67/77 | €482 | €3,306 | +€2,824 | +586.3% |
| Profit (loss) for the period | 9904 | -€8,301 | €2,632 | +€10,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,301 | €2,632 | +€10,933 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.