A.E.S. Elektriciteit: what changed
A.E.S. Elektriciteit
Largest movements
- Cash -€21,689
down €21,689 (-72.7%), from €29,814 to €8,125
mainly Stocks and contracts (-€20,461) and Trade debts (-€20,455)
- Stocks and contracts +€20,461
up €20,461 (+205%), from €9,981 to €30,441
- Tangible fixed assets -€7,609
down €7,609 (-41.6%), from €18,302 to €10,693
of which Furniture and vehicles: -€6,167
- Receivables within one year -€4,441
down €4,441 (-37.6%), from €11,816 to €7,375
of which Other amounts receivable: -€5,878
- Deferred charges and accrued income -€2,815
down €2,815 (-87.5%), from €3,218 to €403
- Trade debts -€20,455
down €20,455 (-46.5%), from €43,965 to €23,510
- Other debts +€15,592
new in 2025: €15,592
- Current portion of long-term debt -€9,455
down €9,455 (-100%), from €9,455 to €0
- Tax, wage and social debts -€2,572
down €2,572 (-52.3%), from €4,923 to €2,350
of which Remuneration and social security: -€2,760
- Reserves +€797
up €797 (+16.7%), from €4,787 to €5,584
- Staff costs +€27,173
up €27,173 (+434%), from €6,254 to €33,427
- Gross operating margin +€15,216
up €15,216 (+46.6%), from €32,617 to €47,833
- Financial charges -€6,332
down €6,332 (-54.9%), from €11,534 to €5,202
- Taxes -€1,220
down €1,220 (-75.7%), from €1,613 to €392
- Other operating charges -€582
down €582 (-56.9%), from €1,023 to €441
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 | €73,131 | €57,037 | -€16,094 | -22.0% |
| Fixed assets | 21/28 | €18,302 | €10,693 | -€7,609 | -41.6% |
| Tangible fixed assets | 22/27 | €18,302 | €10,693 | -€7,609 | -41.6% |
| Plant, machinery and equipment | 23 | €6,037 | €4,594 | -€1,443 | -23.9% |
| Furniture and vehicles | 24 | €12,266 | €6,099 | -€6,167 | -50.3% |
| Current assets | 29/58 | €54,828 | €46,344 | -€8,485 | -15.5% |
| Stocks and contracts in progress | 3 | €9,981 | €30,441 | +€20,461 | +205% |
| Stocks | 30/36 | €9,981 | €30,441 | +€20,461 | +205% |
| Amounts receivable within one year | 40/41 | €11,816 | €7,375 | -€4,441 | -37.6% |
| Trade receivables | 40 | €50 | €1,488 | +€1,438 | +2,875% |
| Other amounts receivable | 41 | €11,766 | €5,887 | -€5,878 | -50.0% |
| Cash at bank and in hand | 54/58 | €29,814 | €8,125 | -€21,689 | -72.7% |
| Deferred charges and accrued income | 490/1 | €3,218 | €403 | -€2,815 | -87.5% |
| Total equity and liabilities | 10/49 | €73,131 | €57,037 | -€16,094 | -22.0% |
| Equity | 10/15 | €14,787 | €15,584 | +€797 | +5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,787 | €5,584 | +€797 | +16.7% |
| Distributable reserves | 133 | €4,787 | €5,584 | +€797 | +16.7% |
| Amounts payable | 17/49 | €58,343 | €41,452 | -€16,891 | -29.0% |
| Amounts payable within one year | 42/48 | €58,343 | €41,452 | -€16,891 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €9,455 | €0 | -€9,455 | -100% |
| Trade debts | 44 | €43,965 | €23,510 | -€20,455 | -46.5% |
| Suppliers | 440/4 | €43,965 | €23,510 | -€20,455 | -46.5% |
| Taxes, remuneration and social security | 45 | €4,923 | €2,350 | -€2,572 | -52.3% |
| Taxes | 450/3 | €1,818 | €2,005 | +€188 | +10.3% |
| Remuneration and social security | 454/9 | €3,105 | €345 | -€2,760 | -88.9% |
| Other amounts payable | 47/48 | - | €15,592 | +€15,592 | |
| Remuneration, social security and pensions | 62 | €6,254 | €33,427 | +€27,173 | +434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,411 | €7,609 | +€198 | +2.7% |
| Other operating charges | 640/8 | €1,023 | €441 | -€582 | -56.9% |
| Gross operating margin | 9900 | €32,617 | €47,833 | +€15,216 | +46.6% |
| Operating profit (loss) | 9901 | €17,929 | €6,355 | -€11,574 | -64.6% |
| Financial income | 75/76B | €5 | €37 | +€31 | +598% |
| Recurring financial income | 75 | €5 | €37 | +€31 | +598% |
| Financial charges | 65/66B | €11,534 | €5,202 | -€6,332 | -54.9% |
| Recurring financial charges | 65 | €11,534 | €5,202 | -€6,332 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €6,400 | €1,190 | -€5,211 | -81.4% |
| Income taxes | 67/77 | €1,613 | €392 | -€1,220 | -75.7% |
| Profit (loss) for the period | 9904 | €4,787 | €797 | -€3,990 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,787 | €797 | -€3,990 | -83.3% |
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 4 November 2026 via checked.be.