A.E.O.V.: 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.O.V.
Largest movements
- Receivables within one year +€243,905
up €243,905 (+43.6%), from €559,541 to €803,445
of which Other amounts receivable: +€240,500
- Cash +€37,674
up €37,674 (+58.9%), from €63,931 to €101,605
mainly Net result for the year (+€278,346) and Tax, wage and social debts (+€3,653)
- Reserves +€250,000
up €250,000 (+15.3%), from €1.6m to €1.9m
of which Distributable reserves: +€250,000
- Profit (loss) carried forward +€28,346
up €28,346 (+13.3%), from €213,240 to €241,585
- Gross operating margin +€253,031
up €253,031 (+236%), from €107,189 to €360,220
- Taxes +€78,341
up €78,341 (+190%), from €41,128 to €119,469
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,908,472 | €2,190,051 | +€281,579 | +14.8% |
| Fixed assets | 21/28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €908,472 | €1,190,051 | +€281,579 | +31.0% |
| Amounts receivable after more than one year | 29 | €285,000 | €285,000 | = | 0.0% |
| Other amounts receivable | 291 | €285,000 | €285,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €559,541 | €803,445 | +€243,905 | +43.6% |
| Trade receivables | 40 | €69,003 | €72,408 | +€3,405 | +4.9% |
| Other amounts receivable | 41 | €490,538 | €731,038 | +€240,500 | +49.0% |
| Cash at bank and in hand | 54/58 | €63,931 | €101,605 | +€37,674 | +58.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,908,472 | €2,190,051 | +€281,579 | +14.8% |
| Equity | 10/15 | €1,865,240 | €2,143,585 | +€278,346 | +14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,632,000 | €1,882,000 | +€250,000 | +15.3% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,627,000 | €1,877,000 | +€250,000 | +15.4% |
| Profit (loss) carried forward | 14 | €213,240 | €241,585 | +€28,346 | +13.3% |
| Amounts payable | 17/49 | €43,232 | €46,465 | +€3,234 | +7.5% |
| Amounts payable within one year | 42/48 | €43,232 | €46,465 | +€3,234 | +7.5% |
| Trade debts | 44 | €419 | €0 | -€419 | -100% |
| Suppliers | 440/4 | €419 | €0 | -€419 | -100% |
| Taxes, remuneration and social security | 45 | €42,812 | €46,465 | +€3,653 | +8.5% |
| Taxes | 450/3 | €42,812 | €46,465 | +€3,653 | +8.5% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €107,189 | €360,220 | +€253,031 | +236% |
| Operating profit (loss) | 9901 | €107,063 | €360,092 | +€253,029 | +236% |
| Financial income | 75/76B | €35,454 | €37,980 | +€2,526 | +7.1% |
| Recurring financial income | 75 | €35,454 | €37,980 | +€2,526 | +7.1% |
| Financial charges | 65/66B | €90 | €257 | +€167 | +186% |
| Recurring financial charges | 65 | €90 | €257 | +€167 | +186% |
| Profit (loss) for the period before taxes | 9903 | €142,427 | €397,814 | +€255,387 | +179% |
| Income taxes | 67/77 | €41,128 | €119,469 | +€78,341 | +190% |
| Profit (loss) for the period | 9904 | €101,299 | €278,346 | +€177,046 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €101,299 | €278,346 | +€177,046 | +175% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.