AE 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.
AE INVEST
Largest movements
- Tangible fixed assets -€21,789
down €21,789 (-8.7%), from €251,344 to €229,555
of which Land and buildings: -€11,863
- Other debts -€33,454
down €33,454 (-42.5%), from €78,752 to €45,298
- Profit (loss) carried forward +€12,525
up €12,525 (+23.0%), from €54,392 to €66,917
- Taxes -€2,012
down €2,012 (-38.7%), from €5,202 to €3,191
- Gross operating margin -€1,575
down €1,575 (-3.6%), from €44,249 to €42,674
- Other operating charges +€1,029
up €1,029 (+71.7%), from €1,436 to €2,465
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 | €264,472 | €241,164 | -€23,307 | -8.8% |
| Fixed assets | 21/28 | €251,344 | €229,555 | -€21,789 | -8.7% |
| Tangible fixed assets | 22/27 | €251,344 | €229,555 | -€21,789 | -8.7% |
| Land and buildings | 22 | €231,196 | €219,333 | -€11,863 | -5.1% |
| Furniture and vehicles | 24 | €20,148 | €10,222 | -€9,926 | -49.3% |
| Current assets | 29/58 | €13,128 | €11,610 | -€1,518 | -11.6% |
| Amounts receivable within one year | 40/41 | €8,907 | €9,977 | +€1,070 | +12.0% |
| Trade receivables | 40 | €4,650 | €2,878 | -€1,773 | -38.1% |
| Other amounts receivable | 41 | €4,256 | €7,100 | +€2,843 | +66.8% |
| Cash at bank and in hand | 54/58 | €4,107 | €1,632 | -€2,474 | -60.3% |
| Deferred charges and accrued income | 490/1 | €114 | - | -€114 | |
| Total equity and liabilities | 10/49 | €264,472 | €241,164 | -€23,307 | -8.8% |
| Equity | 10/15 | €57,142 | €69,667 | +€12,525 | +21.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,392 | €66,917 | +€12,525 | +23.0% |
| Amounts payable | 17/49 | €207,330 | €171,498 | -€35,833 | -17.3% |
| Amounts payable after more than one year | 17 | €120,148 | €120,148 | = | 0.0% |
| Financial debts | 170/4 | €120,148 | €120,148 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,182 | €51,349 | -€35,833 | -41.1% |
| Trade debts | 44 | €93 | - | -€93 | |
| Suppliers | 440/4 | €93 | - | -€93 | |
| Taxes, remuneration and social security | 45 | €8,337 | €6,051 | -€2,286 | -27.4% |
| Taxes | 450/3 | €8,337 | €6,051 | -€2,286 | -27.4% |
| Other amounts payable | 47/48 | €78,752 | €45,298 | -€33,454 | -42.5% |
| Non-recurring operating income | 76A | €4,700 | - | -€4,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,985 | €24,289 | +€304 | +1.3% |
| Other operating charges | 640/8 | €1,436 | €2,465 | +€1,029 | +71.7% |
| Non-recurring operating charges | 66A | €8,522 | - | -€8,522 | |
| Gross operating margin | 9900 | €44,249 | €42,674 | -€1,575 | -3.6% |
| Operating profit (loss) | 9901 | €10,307 | €15,920 | +€5,613 | +54.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €144 | €212 | +€67 | +46.6% |
| Recurring financial charges | 65 | €144 | €212 | +€67 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €10,163 | €15,716 | +€5,553 | +54.6% |
| Income taxes | 67/77 | €5,202 | €3,191 | -€2,012 | -38.7% |
| Profit (loss) for the period | 9904 | €4,960 | €12,525 | +€7,565 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €4,960 | €12,525 | +€7,565 | +153% |
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 31 October 2026 via checked.be.