A.E.M.T.: 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.M.T.
Largest movements
- Tangible fixed assets +€17,401
up €17,401 (+46.8%), from €37,190 to €54,592
- Stocks and contracts -€6,710
down €6,710 (-42.2%), from €15,911 to €9,200
- Cash -€5,670
down €5,670 (-7.9%), from €71,901 to €66,231
mainly Investment in fixed assets (net) (-€24,558) and Tax, wage and social debts (-€9,688)
- Receivables within one year +€3,602
up €3,602 (+181.2%), from €1,988 to €5,590
of which Other amounts receivable: +€5,403
- Deferred charges and accrued income -€1,484
down €1,484 (-100.0%), from €1,484 to €0
- Debts after one year +€12,985
up €12,985 (+103.6%), from €12,540 to €25,525
- Tax, wage and social debts -€9,688
down €9,688 (-93.2%), from €10,394 to €705
- Other debts -€9,166
down €9,166 (-97.8%), from €9,368 to €202
- Reserves +€7,054
up €7,054 (+10.0%), from €70,570 to €77,624
- Current portion of long-term debt +€6,150
up €6,150 (+104.9%), from €5,865 to €12,015
- Gross operating margin -€12,911
down €12,911 (-38.3%), from €33,686 to €20,775
- Depreciation -€10,588
down €10,588 (-59.7%), from €17,744 to €7,156
- Other operating charges +€1,809
up €1,809 (+114.5%), from €1,579 to €3,388
- Taxes -€1,695
down €1,695 (-41.8%), from €4,057 to €2,362
- Financial charges -€1,276
down €1,276 (-61.0%), from €2,092 to €815
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 | €128,475 | €135,612 | +€7,138 | +5.6% |
| Fixed assets | 21/28 | €37,190 | €54,592 | +€17,401 | +46.8% |
| Tangible fixed assets | 22/27 | €37,190 | €54,592 | +€17,401 | +46.8% |
| Furniture and vehicles | 24 | €37,190 | €54,592 | +€17,401 | +46.8% |
| Current assets | 29/58 | €91,284 | €81,021 | -€10,264 | -11.2% |
| Stocks and contracts in progress | 3 | €15,911 | €9,200 | -€6,710 | -42.2% |
| Stocks | 30/36 | €15,911 | €9,200 | -€6,710 | -42.2% |
| Amounts receivable within one year | 40/41 | €1,988 | €5,590 | +€3,602 | +181.2% |
| Trade receivables | 40 | €1,988 | €187 | -€1,801 | -90.6% |
| Other amounts receivable | 41 | - | €5,403 | +€5,403 | |
| Cash at bank and in hand | 54/58 | €71,901 | €66,231 | -€5,670 | -7.9% |
| Deferred charges and accrued income | 490/1 | €1,484 | €0 | -€1,484 | -100.0% |
| Total equity and liabilities | 10/49 | €128,475 | €135,612 | +€7,138 | +5.6% |
| Equity | 10/15 | €89,120 | €96,174 | +€7,054 | +7.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €70,570 | €77,624 | +€7,054 | +10.0% |
| Distributable reserves | 133 | €70,570 | €77,624 | +€7,054 | +10.0% |
| Amounts payable | 17/49 | €39,354 | €39,439 | +€84 | +0.2% |
| Amounts payable after more than one year | 17 | €12,540 | €25,525 | +€12,985 | +103.6% |
| Financial debts | 170/4 | €12,540 | €25,525 | +€12,985 | +103.6% |
| Amounts payable within one year | 42/48 | €26,814 | €13,913 | -€12,901 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €5,865 | €12,015 | +€6,150 | +104.9% |
| Trade debts | 44 | €1,188 | €991 | -€197 | -16.6% |
| Suppliers | 440/4 | €1,188 | €991 | -€197 | -16.6% |
| Taxes, remuneration and social security | 45 | €10,394 | €705 | -€9,688 | -93.2% |
| Taxes | 450/3 | €10,394 | €705 | -€9,688 | -93.2% |
| Other amounts payable | 47/48 | €9,368 | €202 | -€9,166 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,744 | €7,156 | -€10,588 | -59.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,579 | €3,388 | +€1,809 | +114.5% |
| Gross operating margin | 9900 | €33,686 | €20,775 | -€12,911 | -38.3% |
| Operating profit (loss) | 9901 | €14,363 | €10,230 | -€4,133 | -28.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,092 | €815 | -€1,276 | -61.0% |
| Recurring financial charges | 65 | €2,092 | €815 | -€1,276 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €12,272 | €9,415 | -€2,856 | -23.3% |
| Income taxes | 67/77 | €4,057 | €2,362 | -€1,695 | -41.8% |
| Profit (loss) for the period | 9904 | €8,214 | €7,054 | -€1,161 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,214 | €7,054 | -€1,161 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.