A.E.M.M.: 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.E.M.M.
Largest movements
- Receivables within one year +€74,438
up €74,438 (+616.6%), from €12,072 to €86,510
of which Other amounts receivable: +€64,984
- Tangible fixed assets +€66,218
up €66,218 (+46.3%), from €143,042 to €209,260
of which Furniture and vehicles: +€67,314
- Cash +€21,537
up €21,537 (+331.0%), from €6,506 to €28,043
mainly Debts after one year (+€89,441) and Net result for the year (+€33,186)
- Debts after one year +€89,441
up €89,441 (+76.8%), from €116,473 to €205,914
- Reserves +€33,100
up €33,100 (+47.6%), from €69,580 to €102,680
- Trade debts +€21,832
up €21,832 (+304.3%), from €7,175 to €29,007
- Current portion of long-term debt +€20,071
up €20,071 (+211.4%), from €9,495 to €29,566
- Other debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Gross operating margin +€15,720
up €15,720 (+35.4%), from €44,364 to €60,084
- Taxes +€4,559
up €4,559 (+68.6%), from €6,651 to €11,211
- Depreciation +€4,224
up €4,224 (+53.3%), from €7,922 to €12,146
- Financial charges +€2,672
up €2,672 (+68.6%), from €3,893 to €6,564
- Financial income +€2,073
up €2,073 (+101.1%), from €2,050 to €4,123
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
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 | €226,870 | €389,607 | +€162,736 | +71.7% |
| Fixed assets | 21/28 | €143,292 | €209,460 | +€66,168 | +46.2% |
| Intangible fixed assets | 21 | €250 | €200 | -€50 | -20.0% |
| Tangible fixed assets | 22/27 | €143,042 | €209,260 | +€66,218 | +46.3% |
| Land and buildings | 22 | €141,716 | €140,620 | -€1,096 | -0.8% |
| Furniture and vehicles | 24 | €1,326 | €68,640 | +€67,314 | +5077.9% |
| Current assets | 29/58 | €83,578 | €180,147 | +€96,568 | +115.5% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,072 | €86,510 | +€74,438 | +616.6% |
| Trade receivables | 40 | €2,237 | €11,691 | +€9,454 | +422.6% |
| Other amounts receivable | 41 | €9,835 | €74,819 | +€64,984 | +660.7% |
| Cash at bank and in hand | 54/58 | €6,506 | €28,043 | +€21,537 | +331.0% |
| Deferred charges and accrued income | 490/1 | - | €593 | +€593 | |
| Total equity and liabilities | 10/49 | €226,870 | €389,607 | +€162,736 | +71.7% |
| Equity | 10/15 | €88,180 | €121,365 | +€33,186 | +37.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,580 | €102,680 | +€33,100 | +47.6% |
| Distributable reserves | 133 | €69,580 | €102,680 | +€33,100 | +47.6% |
| Profit (loss) carried forward | 14 | - | €86 | +€86 | |
| Amounts payable | 17/49 | €138,690 | €268,241 | +€129,551 | +93.4% |
| Amounts payable after more than one year | 17 | €116,473 | €205,914 | +€89,441 | +76.8% |
| Financial debts | 170/4 | €116,473 | €205,914 | +€89,441 | +76.8% |
| Amounts payable within one year | 42/48 | €22,217 | €62,283 | +€40,066 | +180.3% |
| Current portion of amounts payable after more than one year | 42 | €9,495 | €29,566 | +€20,071 | +211.4% |
| Trade debts | 44 | €7,175 | €29,007 | +€21,832 | +304.3% |
| Suppliers | 440/4 | €7,175 | €29,007 | +€21,832 | +304.3% |
| Taxes, remuneration and social security | 45 | €548 | €3,711 | +€3,163 | +577.7% |
| Taxes | 450/3 | €548 | €3,711 | +€3,163 | +577.7% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,922 | €12,146 | +€4,224 | +53.3% |
| Other operating charges | 640/8 | €1,020 | €1,101 | +€81 | +8.0% |
| Gross operating margin | 9900 | €44,364 | €60,084 | +€15,720 | +35.4% |
| Operating profit (loss) | 9901 | €35,423 | €46,837 | +€11,414 | +32.2% |
| Financial income | 75/76B | €2,050 | €4,123 | +€2,073 | +101.1% |
| Recurring financial income | 75 | €2,050 | €4,123 | +€2,073 | +101.1% |
| Financial charges | 65/66B | €3,893 | €6,564 | +€2,672 | +68.6% |
| Recurring financial charges | 65 | €3,893 | €6,564 | +€2,672 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €33,580 | €44,396 | +€10,816 | +32.2% |
| Income taxes | 67/77 | €6,651 | €11,211 | +€4,559 | +68.6% |
| Profit (loss) for the period | 9904 | €26,929 | €33,186 | +€6,256 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,929 | €33,186 | +€6,256 | +23.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.