A.E.P. IMMOBILIERE: what changed
A.E.P. IMMOBILIERE
Largest movements
- Tangible fixed assets -€10,458
down €10,458 (-7.3%), from €143,165 to €132,707
of which Land and buildings: -€6,516
- Cash +€4,431
up €4,431 (+25.1%), from €17,673 to €22,104
mainly Depreciation (+€13,142) and Net result for the year (+€10,292)
- Financial fixed assets -€1,858
down €1,858 (-97.0%), from €1,916 to €58
- Reserves +€10,250
up €10,250 (+31.1%), from €32,938 to €43,188
- Other debts -€10,000
down €10,000 (-46.1%), from €21,682 to €11,682
- Debts after one year -€8,170
down €8,170 (-14.2%), from €57,344 to €49,174
- Accrued charges and deferred income -€2,037
down €2,037 (-60.3%), from €3,380 to €1,343
- Gross operating margin -€2,683
down €2,683 (-8.0%), from €33,526 to €30,843
- Depreciation +€700
up €700 (+5.6%), from €12,442 to €13,142
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,755 | €160,204 | -€8,551 | -5.1% |
| Fixed assets | 21/28 | €145,081 | €132,765 | -€12,316 | -8.5% |
| Tangible fixed assets | 22/27 | €143,165 | €132,707 | -€10,458 | -7.3% |
| Land and buildings | 22 | €126,040 | €119,524 | -€6,516 | -5.2% |
| Plant, machinery and equipment | 23 | €8,729 | €6,690 | -€2,039 | -23.4% |
| Furniture and vehicles | 24 | €248 | €1,419 | +€1,171 | +472% |
| Other tangible fixed assets | 26 | €8,148 | €5,074 | -€3,074 | -37.7% |
| Financial fixed assets | 28 | €1,916 | €58 | -€1,858 | -97.0% |
| Current assets | 29/58 | €23,674 | €27,439 | +€3,765 | +15.9% |
| Amounts receivable within one year | 40/41 | - | €35 | +€35 | |
| Trade receivables | 40 | - | €35 | +€35 | |
| Cash at bank and in hand | 54/58 | €17,673 | €22,104 | +€4,431 | +25.1% |
| Deferred charges and accrued income | 490/1 | €6,001 | €5,300 | -€701 | -11.7% |
| Total equity and liabilities | 10/49 | €168,755 | €160,204 | -€8,551 | -5.1% |
| Equity | 10/15 | €76,965 | €87,257 | +€10,292 | +13.4% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €32,938 | €43,188 | +€10,250 | +31.1% |
| Distributable reserves | 133 | €32,938 | €43,188 | +€10,250 | +31.1% |
| Profit (loss) carried forward | 14 | €646 | €688 | +€42 | +6.5% |
| Amounts payable | 17/49 | €91,790 | €72,947 | -€18,843 | -20.5% |
| Amounts payable after more than one year | 17 | €57,344 | €49,174 | -€8,170 | -14.2% |
| Financial debts | 170/4 | €57,344 | €49,174 | -€8,170 | -14.2% |
| Amounts payable within one year | 42/48 | €31,066 | €22,430 | -€8,636 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €8,024 | €8,170 | +€146 | +1.8% |
| Taxes, remuneration and social security | 45 | €1,360 | €2,578 | +€1,218 | +89.6% |
| Taxes | 450/3 | €1,360 | €2,578 | +€1,218 | +89.6% |
| Other amounts payable | 47/48 | €21,682 | €11,682 | -€10,000 | -46.1% |
| Accrued charges and deferred income | 492/3 | €3,380 | €1,343 | -€2,037 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,442 | €13,142 | +€700 | +5.6% |
| Other operating charges | 640/8 | €4,317 | €4,453 | +€136 | +3.2% |
| Gross operating margin | 9900 | €33,526 | €30,843 | -€2,683 | -8.0% |
| Operating profit (loss) | 9901 | €16,767 | €13,248 | -€3,519 | -21.0% |
| Financial charges | 65/66B | €1,771 | €1,738 | -€33 | -1.9% |
| Recurring financial charges | 65 | €1,771 | €1,738 | -€33 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €14,996 | €11,510 | -€3,486 | -23.2% |
| Income taxes | 67/77 | €1,360 | €1,218 | -€142 | -10.4% |
| Profit (loss) for the period | 9904 | €13,636 | €10,292 | -€3,344 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,636 | €10,292 | -€3,344 | -24.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.