A & E-Tech: 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-Tech
Largest movements
- Receivables within one year +€107,669
up €107,669 (+27.3%), from €394,397 to €502,066
of which Other amounts receivable: +€97,178
- Tangible fixed assets -€74,086
down €74,086 (-17.2%), from €429,695 to €355,610
- Cash +€20,912
up €20,912 (+304%), from €6,886 to €27,797
mainly Depreciation (+€74,853) and Other debts (+€44,898)
- Deferred charges and accrued income -€16,673
down €16,673 (-39.9%), from €41,789 to €25,116
- Other debts +€44,898
up €44,898 (+130%), from €34,500 to €79,398
- Provisions -€26,164
down €26,164 (-73.8%), from €35,440 to €9,276
- Trade debts -€25,774
down €25,774 (-34.3%), from €75,135 to €49,361
- Tax, wage and social debts +€23,006
up €23,006 (+128%), from €17,981 to €40,986
of which Taxes: +€12,955
- Debts after one year +€17,402
up €17,402 (+5.8%), from €300,918 to €318,321
- Staff costs +€93,841
up €93,841 (+28.3%), from €331,283 to €425,123
- Gross operating margin +€71,971
up €71,971 (+14.4%), from €499,457 to €571,428
- Provisions -€26,164
down €26,164, from €0 to -€26,164
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.
Derived cash bridge
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 | €872,767 | €910,590 | +€37,823 | +4.3% |
| Fixed assets | 21/28 | €429,695 | €355,610 | -€74,086 | -17.2% |
| Tangible fixed assets | 22/27 | €429,695 | €355,610 | -€74,086 | -17.2% |
| Land and buildings | 22 | €334,438 | €304,438 | -€30,000 | -9.0% |
| Plant, machinery and equipment | 23 | €5,452 | €1,964 | -€3,488 | -64.0% |
| Furniture and vehicles | 24 | €23,591 | €14,751 | -€8,841 | -37.5% |
| Leasing and similar rights | 25 | €66,214 | €34,457 | -€31,757 | -48.0% |
| Current assets | 29/58 | €443,072 | €554,980 | +€111,908 | +25.3% |
| Amounts receivable within one year | 40/41 | €394,397 | €502,066 | +€107,669 | +27.3% |
| Trade receivables | 40 | €219,757 | €230,248 | +€10,492 | +4.8% |
| Other amounts receivable | 41 | €174,640 | €271,818 | +€97,178 | +55.6% |
| Cash at bank and in hand | 54/58 | €6,886 | €27,797 | +€20,912 | +304% |
| Deferred charges and accrued income | 490/1 | €41,789 | €25,116 | -€16,673 | -39.9% |
| Total equity and liabilities | 10/49 | €872,767 | €910,590 | +€37,823 | +4.3% |
| Equity | 10/15 | €314,107 | €303,676 | -€10,431 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,507 | €285,076 | -€10,431 | -3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €293,647 | €283,216 | -€10,431 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €35,440 | €9,276 | -€26,164 | -73.8% |
| Provisions for liabilities and charges | 160/5 | €35,440 | €9,276 | -€26,164 | -73.8% |
| Other liabilities and charges | 164/5 | €35,440 | €9,276 | -€26,164 | -73.8% |
| Amounts payable | 17/49 | €523,220 | €597,638 | +€74,418 | +14.2% |
| Amounts payable after more than one year | 17 | €300,918 | €318,321 | +€17,402 | +5.8% |
| Financial debts | 170/4 | €300,918 | €318,321 | +€17,402 | +5.8% |
| Amounts payable within one year | 42/48 | €222,302 | €279,318 | +€57,016 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €54,687 | €59,572 | +€4,885 | +8.9% |
| Financial debts | 43 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Credit institutions | 430/8 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Trade debts | 44 | €75,135 | €49,361 | -€25,774 | -34.3% |
| Suppliers | 440/4 | €75,135 | €49,361 | -€25,774 | -34.3% |
| Taxes, remuneration and social security | 45 | €17,981 | €40,986 | +€23,006 | +128% |
| Taxes | 450/3 | €6,535 | €19,490 | +€12,955 | +198% |
| Remuneration and social security | 454/9 | €11,446 | €21,497 | +€10,051 | +87.8% |
| Other amounts payable | 47/48 | €34,500 | €79,398 | +€44,898 | +130% |
| Non-recurring operating income | 76A | €1,000 | €9,812 | +€8,812 | +881% |
| Remuneration, social security and pensions | 62 | €331,283 | €425,123 | +€93,841 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,714 | €74,853 | +€138 | +0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€26,164 | -€26,164 | |
| Other operating charges | 640/8 | €6,344 | €10,808 | +€4,464 | +70.4% |
| Non-recurring operating charges | 66A | - | €27,958 | +€27,958 | |
| Gross operating margin | 9900 | €499,457 | €571,428 | +€71,971 | +14.4% |
| Operating profit (loss) | 9901 | €87,116 | €58,851 | -€28,266 | -32.4% |
| Financial income | 75/76B | €5,741 | €9,523 | +€3,783 | +65.9% |
| Recurring financial income | 75 | €5,741 | €9,523 | +€3,783 | +65.9% |
| Financial charges | 65/66B | €13,329 | €13,140 | -€189 | -1.4% |
| Recurring financial charges | 65 | €13,329 | €13,140 | -€189 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €79,528 | €55,234 | -€24,294 | -30.5% |
| Income taxes | 67/77 | €18,594 | €15,592 | -€3,002 | -16.1% |
| Profit (loss) for the period | 9904 | €60,934 | €39,642 | -€21,292 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,934 | €39,642 | -€21,292 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.