AE-GROUP: what changed
Two fiscal 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-GROUP
Largest movements
- Receivables within one year +€51,225
up €51,225 (+69.7%), from €73,448 to €124,672
of which Trade receivables: +€51,429
- Cash +€9,441
up €9,441 (+47.5%), from €19,893 to €29,334
mainly Net result for the year (+€31,204) and Tax, wage and social debts (+€21,141)
- Tangible fixed assets -€7,769
down €7,769 (-5.6%), from €138,369 to €130,600
- Reserves +€31,204
up €31,204 (+21.5%), from €145,411 to €176,615
- Tax, wage and social debts +€21,141
up €21,141, from €0 to €21,141
- Gross operating margin +€51,685
up €51,685 (+3045.2%), from €1,697 to €53,382
- Taxes +€12,801
up €12,801, from €0 to €12,801
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.
Cash bridge derived
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 | €232,958 | €285,150 | +€52,192 | +22.4% |
| Fixed assets | 21/28 | €138,369 | €130,600 | -€7,769 | -5.6% |
| Tangible fixed assets | 22/27 | €138,369 | €130,600 | -€7,769 | -5.6% |
| Land and buildings | 22 | €138,369 | €130,600 | -€7,769 | -5.6% |
| Current assets | 29/58 | €94,589 | €154,550 | +€59,960 | +63.4% |
| Amounts receivable within one year | 40/41 | €73,448 | €124,672 | +€51,225 | +69.7% |
| Trade receivables | 40 | - | €51,429 | +€51,429 | |
| Other amounts receivable | 41 | €73,448 | €73,244 | -€204 | -0.3% |
| Cash at bank and in hand | 54/58 | €19,893 | €29,334 | +€9,441 | +47.5% |
| Deferred charges and accrued income | 490/1 | €1,249 | €543 | -€706 | -56.5% |
| Total equity and liabilities | 10/49 | €232,958 | €285,150 | +€52,192 | +22.4% |
| Equity | 10/15 | €151,611 | €182,815 | +€31,204 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,411 | €176,615 | +€31,204 | +21.5% |
| Distributable reserves | 133 | €145,411 | €176,615 | +€31,204 | +21.5% |
| Amounts payable | 17/49 | €81,347 | €102,335 | +€20,988 | +25.8% |
| Amounts payable within one year | 42/48 | €81,347 | €102,335 | +€20,988 | +25.8% |
| Trade debts | 44 | €153 | €0 | -€153 | -100.0% |
| Suppliers | 440/4 | €153 | €0 | -€153 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €21,141 | +€21,141 | |
| Taxes | 450/3 | €0 | €21,141 | +€21,141 | |
| Other amounts payable | 47/48 | €81,194 | €81,194 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,769 | €7,769 | = | 0.0% |
| Other operating charges | 640/8 | €1,496 | €1,543 | +€47 | +3.1% |
| Gross operating margin | 9900 | €1,697 | €53,382 | +€51,685 | +3045.2% |
| Operating profit (loss) | 9901 | -€7,567 | €44,071 | +€51,638 | |
| Financial charges | 65/66B | €67 | €66 | -€1 | -1.7% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,634 | €44,005 | +€51,639 | |
| Income taxes | 67/77 | €0 | €12,801 | +€12,801 | |
| Profit (loss) for the period | 9904 | -€7,634 | €31,204 | +€38,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,634 | €31,204 | +€38,838 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.