AE INVEST: what changed
AE INVEST
Largest movements
- Receivables within one year -€3,228
down €3,228 (-40.7%), from €7,926 to €4,698
of which Trade receivables: -€2,130
- Tangible fixed assets -€2,629
down €2,629 (-23.1%), from €11,395 to €8,766
of which Furniture and vehicles: -€2,037
- Cash -€1,039
down €1,039 (-6.0%), from €17,381 to €16,342
mainly Debts after one year (-€20,000) and Tax, wage and social debts (-€2,007)
- Deferred charges and accrued income +€564
up €564, from €0 to €564
- Debts after one year -€20,000
down €20,000 (-21.1%), from €95,000 to €75,000
- Other debts +€8,513
up €8,513 (+88.8%), from €9,587 to €18,101
- Profit (loss) carried forward +€6,633
up €6,633 (+7.0%), from -€95,169 to -€88,536
- Tax, wage and social debts -€2,007
down €2,007 (-50.8%), from €3,950 to €1,943
- Trade debts +€529
up €529 (+25.1%), from €2,108 to €2,637
- Gross operating margin -€12,496
down €12,496 (-55.2%), from €22,622 to €10,126
- Depreciation +€923
up €923 (+54.1%), from €1,706 to €2,629
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 | €37,675 | €31,342 | -€6,332 | -16.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,395 | €8,766 | -€2,629 | -23.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €11,395 | €8,766 | -€2,629 | -23.1% |
| Plant, machinery and equipment | 23 | €5,485 | €4,892 | -€593 | -10.8% |
| Furniture and vehicles | 24 | €5,911 | €3,874 | -€2,037 | -34.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €26,279 | €22,576 | -€3,703 | -14.1% |
| Stocks and contracts in progress | 3 | €972 | €972 | = | 0.0% |
| Stocks | 30/36 | €972 | €972 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,926 | €4,698 | -€3,228 | -40.7% |
| Trade receivables | 40 | €4,715 | €2,585 | -€2,130 | -45.2% |
| Other amounts receivable | 41 | €3,211 | €2,113 | -€1,098 | -34.2% |
| Cash at bank and in hand | 54/58 | €17,381 | €16,342 | -€1,039 | -6.0% |
| Deferred charges and accrued income | 490/1 | €0 | €564 | +€564 | |
| Total equity and liabilities | 10/49 | €37,675 | €31,342 | -€6,332 | -16.8% |
| Equity | 10/15 | -€75,169 | -€68,536 | +€6,633 | +8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,169 | -€88,536 | +€6,633 | +7.0% |
| Amounts payable | 17/49 | €112,844 | €99,879 | -€12,965 | -11.5% |
| Amounts payable after more than one year | 17 | €95,000 | €75,000 | -€20,000 | -21.1% |
| Financial debts | 170/4 | €95,000 | €75,000 | -€20,000 | -21.1% |
| Amounts payable within one year | 42/48 | €17,844 | €24,879 | +€7,035 | +39.4% |
| Trade debts | 44 | €2,108 | €2,637 | +€529 | +25.1% |
| Suppliers | 440/4 | €2,108 | €2,637 | +€529 | +25.1% |
| Advances received on contracts in progress | 46 | €2,198 | €2,198 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,950 | €1,943 | -€2,007 | -50.8% |
| Taxes | 450/3 | €3,950 | €1,943 | -€2,007 | -50.8% |
| Other amounts payable | 47/48 | €9,587 | €18,101 | +€8,513 | +88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,706 | €2,629 | +€923 | +54.1% |
| Other operating charges | 640/8 | €387 | €466 | +€78 | +20.2% |
| Gross operating margin | 9900 | €22,622 | €10,126 | -€12,496 | -55.2% |
| Operating profit (loss) | 9901 | €20,529 | €7,031 | -€13,498 | -65.7% |
| Financial income | 75/76B | €5 | €24 | +€19 | +387% |
| Recurring financial income | 75 | €5 | €24 | +€19 | +387% |
| Financial charges | 65/66B | €386 | €422 | +€36 | +9.4% |
| Recurring financial charges | 65 | €386 | €422 | +€36 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €20,148 | €6,633 | -€13,515 | -67.1% |
| Profit (loss) for the period | 9904 | €20,148 | €6,633 | -€13,515 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,148 | €6,633 | -€13,515 | -67.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.