AE AND REA: what changed
AE AND REA
Largest movements
- Cash +€126,135
up €126,135 (+50.2%), from €251,102 to €377,237
mainly Net result for the year (+€61,374) and Tax, wage and social debts (+€44,214)
- Tangible fixed assets -€11,692
down €11,692 (-21.4%), from €54,580 to €42,888
- Receivables within one year -€8,876
down €8,876 (-20.6%), from €43,111 to €34,235
of which Other amounts receivable: -€17,944
- Reserves +€61,374
up €61,374 (+21.9%), from €279,760 to €341,134
of which Distributable reserves: +€61,374
- Tax, wage and social debts +€44,214
up €44,214 (+79.5%), from €55,581 to €99,794
of which Taxes: +€39,607
- Gross operating margin -€80,052
down €80,052 (-43.8%), from €182,793 to €102,742
- Taxes -€27,185
down €27,185 (-48.9%), from €55,581 to €28,396
- Depreciation +€7,103
up €7,103 (+155%), from €4,589 to €11,692
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 | €348,794 | €454,361 | +€105,567 | +30.3% |
| Fixed assets | 21/28 | €54,580 | €42,888 | -€11,692 | -21.4% |
| Tangible fixed assets | 22/27 | €54,580 | €42,888 | -€11,692 | -21.4% |
| Furniture and vehicles | 24 | €54,580 | €42,888 | -€11,692 | -21.4% |
| Current assets | 29/58 | €294,214 | €411,472 | +€117,259 | +39.9% |
| Amounts receivable within one year | 40/41 | €43,111 | €34,235 | -€8,876 | -20.6% |
| Trade receivables | 40 | €25,167 | €34,235 | +€9,068 | +36.0% |
| Other amounts receivable | 41 | €17,944 | - | -€17,944 | |
| Cash at bank and in hand | 54/58 | €251,102 | €377,237 | +€126,135 | +50.2% |
| Total equity and liabilities | 10/49 | €348,794 | €454,361 | +€105,567 | +30.3% |
| Equity | 10/15 | €288,278 | €349,652 | +€61,374 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €279,760 | €341,134 | +€61,374 | +21.9% |
| 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 | €277,900 | €339,274 | +€61,374 | +22.1% |
| Profit (loss) carried forward | 14 | €2,318 | €2,318 | = | 0.0% |
| Amounts payable | 17/49 | €60,516 | €104,709 | +€44,193 | +73.0% |
| Amounts payable within one year | 42/48 | €60,516 | €104,709 | +€44,193 | +73.0% |
| Trade debts | 44 | €4,795 | €4,775 | -€21 | -0.4% |
| Suppliers | 440/4 | €4,795 | €4,775 | -€21 | -0.4% |
| Taxes, remuneration and social security | 45 | €55,581 | €99,794 | +€44,214 | +79.5% |
| Taxes | 450/3 | €55,581 | €95,187 | +€39,607 | +71.3% |
| Remuneration and social security | 454/9 | - | €4,607 | +€4,607 | |
| Other amounts payable | 47/48 | €140 | €140 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,589 | €11,692 | +€7,103 | +155% |
| Other operating charges | 640/8 | €1,035 | €956 | -€80 | -7.7% |
| Gross operating margin | 9900 | €182,793 | €102,742 | -€80,052 | -43.8% |
| Operating profit (loss) | 9901 | €177,169 | €90,094 | -€87,075 | -49.1% |
| Financial income | 75/76B | €983 | - | -€983 | |
| Recurring financial income | 75 | €983 | - | -€983 | |
| Financial charges | 65/66B | €296 | €324 | +€28 | +9.5% |
| Recurring financial charges | 65 | €296 | €324 | +€28 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €177,856 | €89,770 | -€88,086 | -49.5% |
| Income taxes | 67/77 | €55,581 | €28,396 | -€27,185 | -48.9% |
| Profit (loss) for the period | 9904 | €122,275 | €61,374 | -€60,901 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,275 | €61,374 | -€60,901 | -49.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.