A2E INVEST: 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.
A2E INVEST
Largest movements
- Tangible fixed assets -€20,607
down €20,607 (-1.6%), from €1.3m to €1.3m
of which Land and buildings: -€19,171
- Debts after one year -€37,033
down €37,033 (-6.8%), from €546,555 to €509,522
of which Financial debts: -€37,033
- Other debts +€17,500
up €17,500 (+1.7%), from €1.0m to €1.0m
- Gross operating margin -€13,808
down €13,808 (-24.6%), from €56,091 to €42,283
- Depreciation +€719
up €719 (+2.6%), from €27,316 to €28,035
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 | €1,397,484 | €1,376,381 | -€21,103 | -1.5% |
| Fixed assets | 21/28 | €1,389,991 | €1,369,384 | -€20,607 | -1.5% |
| Tangible fixed assets | 22/27 | €1,314,541 | €1,293,934 | -€20,607 | -1.6% |
| Land and buildings | 22 | €1,305,975 | €1,286,804 | -€19,171 | -1.5% |
| Furniture and vehicles | 24 | €990 | €753 | -€237 | -24.0% |
| Other tangible fixed assets | 26 | €7,577 | €6,378 | -€1,199 | -15.8% |
| Financial fixed assets | 28 | €75,450 | €75,450 | = | 0.0% |
| Current assets | 29/58 | €7,493 | €6,997 | -€496 | -6.6% |
| Cash at bank and in hand | 54/58 | €7,493 | €6,997 | -€496 | -6.6% |
| Total equity and liabilities | 10/49 | €1,397,484 | €1,376,381 | -€21,103 | -1.5% |
| Equity | 10/15 | -€205,998 | -€208,197 | -€2,200 | -1.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,998 | -€223,197 | -€2,200 | -1.0% |
| Amounts payable | 17/49 | €1,603,482 | €1,584,578 | -€18,904 | -1.2% |
| Amounts payable after more than one year | 17 | €546,555 | €509,522 | -€37,033 | -6.8% |
| Financial debts | 170/4 | €544,325 | €507,292 | -€37,033 | -6.8% |
| Other amounts payable | 178/9 | €2,231 | €2,231 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,056,927 | €1,075,056 | +€18,129 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €36,589 | €37,033 | +€444 | +1.2% |
| Trade debts | 44 | €40 | €225 | +€185 | +464% |
| Suppliers | 440/4 | €40 | €225 | +€185 | +464% |
| Other amounts payable | 47/48 | €1,020,298 | €1,037,798 | +€17,500 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,316 | €28,035 | +€719 | +2.6% |
| Other operating charges | 640/8 | €9,602 | €9,189 | -€413 | -4.3% |
| Gross operating margin | 9900 | €56,091 | €42,283 | -€13,808 | -24.6% |
| Operating profit (loss) | 9901 | €19,173 | €5,060 | -€14,114 | -73.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,669 | €7,259 | -€410 | -5.3% |
| Recurring financial charges | 65 | €7,669 | €7,259 | -€410 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €11,506 | -€2,200 | -€13,706 | |
| Profit (loss) for the period | 9904 | €11,506 | -€2,200 | -€13,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,506 | -€2,200 | -€13,706 |
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 22 October 2026 via checked.be.