A.E.V. AFSLUITINGEN: what changed
A.E.V. AFSLUITINGEN
Largest movements
- Cash -€163,292
down €163,292 (-25.0%), from €652,624 to €489,332
mainly Contributions, distributions and other (-€450,000) and Trade debts (-€57,866)
- Stocks and contracts -€134,108
down €134,108 (-30.2%), from €444,455 to €310,346
- Receivables within one year +€55,234
up €55,234 (+24.1%), from €229,254 to €284,488
of which Other amounts receivable: +€45,745
- Tangible fixed assets -€20,373
down €20,373 (-4.0%), from €509,720 to €489,347
of which Land and buildings: -€18,198
- Reserves -€258,847
down €258,847 (-19.2%), from €1.3m to €1.1m
of which Distributable reserves: -€244,387
- Trade debts -€57,866
down €57,866 (-19.0%), from €305,312 to €247,446
- Tax, wage and social debts +€37,583
up €37,583 (+75.5%), from €49,803 to €87,386
of which Taxes: +€19,326
- Debts after one year +€22,231
new in 2025: €22,231
- Staff costs +€52,957
up €52,957 (+27.5%), from €192,683 to €245,640
- Gross operating margin +€50,843
up €50,843 (+9.4%), from €542,112 to €592,955
- Financial income -€14,642
down €14,642 (-87.1%), from €16,813 to €2,171
- Depreciation +€9,523
up €9,523 (+16.5%), from €57,700 to €67,223
- Write-downs +€9,112
up €9,112, from -€9,112 to €0
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 | €1,843,053 | €1,593,922 | -€249,130 | -13.5% |
| Fixed assets | 21/28 | €511,703 | €491,330 | -€20,373 | -4.0% |
| Tangible fixed assets | 22/27 | €509,720 | €489,347 | -€20,373 | -4.0% |
| Land and buildings | 22 | €385,687 | €367,489 | -€18,198 | -4.7% |
| Plant, machinery and equipment | 23 | €2,617 | €1,862 | -€754 | -28.8% |
| Furniture and vehicles | 24 | €120,695 | €119,995 | -€700 | -0.6% |
| Other tangible fixed assets | 26 | €721 | €0 | -€721 | -100% |
| Financial fixed assets | 28 | €1,984 | €1,984 | = | 0.0% |
| Current assets | 29/58 | €1,331,349 | €1,102,592 | -€228,757 | -17.2% |
| Stocks and contracts in progress | 3 | €444,455 | €310,346 | -€134,108 | -30.2% |
| Stocks | 30/36 | €444,455 | €310,346 | -€134,108 | -30.2% |
| Amounts receivable within one year | 40/41 | €229,254 | €284,488 | +€55,234 | +24.1% |
| Trade receivables | 40 | €184,790 | €194,279 | +€9,489 | +5.1% |
| Other amounts receivable | 41 | €44,464 | €90,209 | +€45,745 | +103% |
| Cash at bank and in hand | 54/58 | €652,624 | €489,332 | -€163,292 | -25.0% |
| Deferred charges and accrued income | 490/1 | €5,017 | €18,425 | +€13,409 | +267% |
| Total equity and liabilities | 10/49 | €1,843,053 | €1,593,922 | -€249,130 | -13.5% |
| Equity | 10/15 | €1,487,937 | €1,229,091 | -€258,847 | -17.4% |
| Contributions | 10/11 | €138,405 | €138,405 | = | 0.0% |
| Reserves | 13 | €1,349,532 | €1,090,685 | -€258,847 | -19.2% |
| Non-distributable reserves | 130/1 | €14,460 | - | -€14,460 | |
| Reserves not available under the articles | 1311 | €14,460 | - | -€14,460 | |
| Distributable reserves | 133 | €1,335,072 | €1,090,685 | -€244,387 | -18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,115 | €364,832 | +€9,716 | +2.7% |
| Amounts payable after more than one year | 17 | - | €22,231 | +€22,231 | |
| Financial debts | 170/4 | - | €22,231 | +€22,231 | |
| Amounts payable within one year | 42/48 | €355,115 | €342,600 | -€12,515 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,769 | +€7,769 | |
| Trade debts | 44 | €305,312 | €247,446 | -€57,866 | -19.0% |
| Suppliers | 440/4 | €305,312 | €247,446 | -€57,866 | -19.0% |
| Taxes, remuneration and social security | 45 | €49,803 | €87,386 | +€37,583 | +75.5% |
| Taxes | 450/3 | €12,873 | €32,199 | +€19,326 | +150% |
| Remuneration and social security | 454/9 | €36,930 | €55,187 | +€18,256 | +49.4% |
| Remuneration, social security and pensions | 62 | €192,683 | €245,640 | +€52,957 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,700 | €67,223 | +€9,523 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,112 | €0 | +€9,112 | |
| Other operating charges | 640/8 | €12,896 | €12,888 | -€8 | -0.1% |
| Non-recurring operating charges | 66A | €666 | €0 | -€666 | -100% |
| Gross operating margin | 9900 | €542,112 | €592,955 | +€50,843 | +9.4% |
| Operating profit (loss) | 9901 | €287,278 | €267,204 | -€20,075 | -7.0% |
| Financial income | 75/76B | €16,813 | €2,171 | -€14,642 | -87.1% |
| Recurring financial income | 75 | €16,813 | €2,171 | -€14,642 | -87.1% |
| Financial charges | 65/66B | €10,679 | €13,096 | +€2,417 | +22.6% |
| Recurring financial charges | 65 | €10,679 | €13,096 | +€2,417 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €293,412 | €256,279 | -€37,133 | -12.7% |
| Income taxes | 67/77 | €73,967 | €65,125 | -€8,841 | -12.0% |
| Profit (loss) for the period | 9904 | €219,445 | €191,153 | -€28,292 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €219,445 | €191,153 | -€28,292 | -12.9% |
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 7 November 2026 via checked.be.