A.E. Projects: 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. Projects
Largest movements
- Receivables within one year +€25,877
up €25,877 (+74.7%), from €34,623 to €60,500
- Cash -€9,032
down €9,032 (-11.9%), from €75,806 to €66,773
mainly Contributions, distributions and other (-€170,000) and Receivables within one year (-€25,877)
- Receivables after one year +€2,246
up €2,246 (+3.5%), from €63,278 to €65,524
- Other debts +€149,135
up €149,135 (+1092.4%), from €13,652 to €162,787
- Reserves -€118,971
down €118,971 (-99.1%), from €120,055 to €1,083
- Tax, wage and social debts -€11,647
down €11,647 (-55.7%), from €20,909 to €9,262
- Financial charges -€873
down €873 (-80.4%), from €1,086 to €213
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 | €174,896 | €194,236 | +€19,340 | +11.1% |
| Fixed assets | 21/28 | €1,188 | €539 | -€649 | -54.6% |
| Tangible fixed assets | 22/27 | €1,188 | €539 | -€649 | -54.6% |
| Plant, machinery and equipment | 23 | €1,188 | €539 | -€649 | -54.6% |
| Current assets | 29/58 | €173,707 | €193,697 | +€19,989 | +11.5% |
| Amounts receivable after more than one year | 29 | €63,278 | €65,524 | +€2,246 | +3.5% |
| Other amounts receivable | 291 | €63,278 | €65,524 | +€2,246 | +3.5% |
| Amounts receivable within one year | 40/41 | €34,623 | €60,500 | +€25,877 | +74.7% |
| Trade receivables | 40 | €34,623 | €60,500 | +€25,877 | +74.7% |
| Cash at bank and in hand | 54/58 | €75,806 | €66,773 | -€9,032 | -11.9% |
| Deferred charges and accrued income | 490/1 | - | €900 | +€900 | |
| Total equity and liabilities | 10/49 | €174,896 | €194,236 | +€19,340 | +11.1% |
| Equity | 10/15 | €126,055 | €7,083 | -€118,971 | -94.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €120,055 | €1,083 | -€118,971 | -99.1% |
| Distributable reserves | 133 | €120,055 | €1,083 | -€118,971 | -99.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €48,841 | €187,152 | +€138,312 | +283.2% |
| Amounts payable within one year | 42/48 | €47,759 | €187,008 | +€139,249 | +291.6% |
| Trade debts | 44 | €13,199 | €14,960 | +€1,761 | +13.3% |
| Suppliers | 440/4 | €13,199 | €14,960 | +€1,761 | +13.3% |
| Taxes, remuneration and social security | 45 | €20,909 | €9,262 | -€11,647 | -55.7% |
| Taxes | 450/3 | €20,909 | €9,262 | -€11,647 | -55.7% |
| Other amounts payable | 47/48 | €13,652 | €162,787 | +€149,135 | +1092.4% |
| Accrued charges and deferred income | 492/3 | €1,081 | €144 | -€937 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €649 | €649 | = | 0.0% |
| Other operating charges | 640/8 | €204 | €610 | +€405 | +198.4% |
| Gross operating margin | 9900 | €63,574 | €63,512 | -€62 | -0.1% |
| Operating profit (loss) | 9901 | €62,721 | €62,254 | -€467 | -0.7% |
| Financial income | 75/76B | €1,807 | €2,246 | +€438 | +24.3% |
| Recurring financial income | 75 | €1,807 | €2,246 | +€438 | +24.3% |
| Financial charges | 65/66B | €1,086 | €213 | -€873 | -80.4% |
| Recurring financial charges | 65 | €1,086 | €213 | -€873 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €63,442 | €64,286 | +€844 | +1.3% |
| Income taxes | 67/77 | €12,944 | €13,258 | +€313 | +2.4% |
| Profit (loss) for the period | 9904 | €50,498 | €51,029 | +€531 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,498 | €51,029 | +€531 | +1.1% |
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 5 October 2026 via checked.be.