AE Conseil: 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.
AE Conseil
Largest movements
- Tangible fixed assets +€388,269
up €388,269 (+287%), from €135,402 to €523,671
of which Assets under construction and advance payments: +€272,031
- Cash +€191,256
up €191,256 (+36.2%), from €528,452 to €719,708
mainly Net result for the year (+€477,706) and Debts after one year (+€227,691)
- Receivables within one year -€64,968
down €64,968 (-42.7%), from €152,320 to €87,352
of which Other amounts receivable: -€71,060
- Intangible fixed assets -€50,015
down €50,015 (-25.0%), from €199,985 to €149,970
- Debts after one year +€227,691
up €227,691 (+87.7%), from €259,766 to €487,457
- Other debts +€168,758
up €168,758 (+35.0%), from €481,864 to €650,622
- Current portion of long-term debt +€49,420
up €49,420 (+73.5%), from €67,200 to €116,620
- Trade debts -€44,178
down €44,178 (-97.7%), from €45,213 to €1,034
- Tax, wage and social debts +€31,013
up €31,013 (+60.9%), from €50,941 to €81,954
of which Remuneration and social security: +€28,158
- Gross operating margin +€158,849
up €158,849 (+17.9%), from €889,105 to €1.0m
- Staff costs +€68,912
up €68,912 (+18.9%), from €364,846 to €433,758
- Depreciation +€35,954
up €35,954 (+53.4%), from €67,304 to €103,259
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 | €1,020,274 | €1,480,701 | +€460,427 | +45.1% |
| Fixed assets | 21/28 | €335,387 | €673,641 | +€338,254 | +101% |
| Intangible fixed assets | 21 | €199,985 | €149,970 | -€50,015 | -25.0% |
| Tangible fixed assets | 22/27 | €135,402 | €523,671 | +€388,269 | +287% |
| Furniture and vehicles | 24 | €127,927 | €247,512 | +€119,584 | +93.5% |
| Other tangible fixed assets | 26 | €7,475 | €4,129 | -€3,346 | -44.8% |
| Assets under construction and advance payments | 27 | - | €272,031 | +€272,031 | |
| Current assets | 29/58 | €684,887 | €807,060 | +€122,173 | +17.8% |
| Amounts receivable within one year | 40/41 | €152,320 | €87,352 | -€64,968 | -42.7% |
| Trade receivables | 40 | €73,603 | €79,695 | +€6,092 | +8.3% |
| Other amounts receivable | 41 | €78,717 | €7,657 | -€71,060 | -90.3% |
| Cash at bank and in hand | 54/58 | €528,452 | €719,708 | +€191,256 | +36.2% |
| Deferred charges and accrued income | 490/1 | €4,115 | - | -€4,115 | |
| Total equity and liabilities | 10/49 | €1,020,274 | €1,480,701 | +€460,427 | +45.1% |
| Equity | 10/15 | €110,228 | €137,934 | +€27,706 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| 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 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,768 | €87,474 | +€27,706 | +46.4% |
| Amounts payable | 17/49 | €910,046 | €1,342,768 | +€432,722 | +47.5% |
| Amounts payable after more than one year | 17 | €259,766 | €487,457 | +€227,691 | +87.7% |
| Financial debts | 170/4 | €259,766 | €487,457 | +€227,691 | +87.7% |
| Amounts payable within one year | 42/48 | €650,280 | €855,311 | +€205,030 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €67,200 | €116,620 | +€49,420 | +73.5% |
| Financial debts | 43 | €5,063 | €5,080 | +€17 | +0.3% |
| Credit institutions | 430/8 | €5,063 | €5,080 | +€17 | +0.3% |
| Trade debts | 44 | €45,213 | €1,034 | -€44,178 | -97.7% |
| Suppliers | 440/4 | €45,213 | €1,034 | -€44,178 | -97.7% |
| Taxes, remuneration and social security | 45 | €50,941 | €81,954 | +€31,013 | +60.9% |
| Taxes | 450/3 | €732 | €3,588 | +€2,855 | +390% |
| Remuneration and social security | 454/9 | €50,208 | €78,366 | +€28,158 | +56.1% |
| Other amounts payable | 47/48 | €481,864 | €650,622 | +€168,758 | +35.0% |
| Remuneration, social security and pensions | 62 | €364,846 | €433,758 | +€68,912 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,304 | €103,259 | +€35,954 | +53.4% |
| Other operating charges | 640/8 | €1,748 | €2,827 | +€1,079 | +61.7% |
| Gross operating margin | 9900 | €889,105 | €1,047,954 | +€158,849 | +17.9% |
| Operating profit (loss) | 9901 | €455,207 | €508,110 | +€52,903 | +11.6% |
| Financial charges | 65/66B | €4,624 | €10,518 | +€5,894 | +127% |
| Recurring financial charges | 65 | €4,624 | €10,518 | +€5,894 | +127% |
| Profit (loss) for the period before taxes | 9903 | €450,583 | €497,592 | +€47,009 | +10.4% |
| Income taxes | 67/77 | €12,501 | €19,886 | +€7,385 | +59.1% |
| Profit (loss) for the period | 9904 | €438,082 | €477,706 | +€39,624 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €438,082 | €477,706 | +€39,624 | +9.0% |
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.