AE PARTS: 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 PARTS
Largest movements
- Stocks and contracts +€380,135
up €380,135 (+76.7%), from €495,748 to €875,883
- Tangible fixed assets -€120,991
down €120,991 (-16.2%), from €749,036 to €628,044
of which Land and buildings: -€79,635
- Cash -€117,583
down €117,583 (-22.2%), from €529,014 to €411,431
mainly Stocks and contracts (-€380,135) and Other debts (-€144,027)
- Receivables after one year +€51,642
up €51,642 (+143%), from €36,000 to €87,642
- Reserves +€400,084
up €400,084 (+33.2%), from €1.2m to €1.6m
- Other debts -€144,027
down €144,027 (-66.6%), from €216,262 to €72,235
- Debts after one year -€53,883
down €53,883 (-20.1%), from €267,975 to €214,091
- Gross operating margin +€29,290
up €29,290 (+3.8%), from €769,123 to €798,413
- Staff costs -€23,161
down €23,161 (-35.2%), from €65,856 to €42,694
- Other operating charges -€21,524
down €21,524 (-57.6%), from €37,340 to €15,816
- Taxes +€17,118
up €17,118 (+10.2%), from €168,548 to €185,665
- Financial charges +€11,360
up €11,360 (+100%), from €11,329 to €22,689
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 | €1,888,200 | €2,069,682 | +€181,482 | +9.6% |
| Formation expenses | 20 | €390 | €52 | -€338 | -86.7% |
| Fixed assets | 21/28 | €783,697 | €657,073 | -€126,624 | -16.2% |
| Intangible fixed assets | 21 | €34,661 | €29,028 | -€5,633 | -16.3% |
| Tangible fixed assets | 22/27 | €749,036 | €628,044 | -€120,991 | -16.2% |
| Land and buildings | 22 | €652,805 | €573,170 | -€79,635 | -12.2% |
| Plant, machinery and equipment | 23 | €8,128 | €8,269 | +€141 | +1.7% |
| Furniture and vehicles | 24 | €88,102 | €46,605 | -€41,497 | -47.1% |
| Current assets | 29/58 | €1,104,114 | €1,412,558 | +€308,444 | +27.9% |
| Amounts receivable after more than one year | 29 | €36,000 | €87,642 | +€51,642 | +143% |
| Other amounts receivable | 291 | €36,000 | €87,642 | +€51,642 | +143% |
| Stocks and contracts in progress | 3 | €495,748 | €875,883 | +€380,135 | +76.7% |
| Stocks | 30/36 | €495,748 | €875,883 | +€380,135 | +76.7% |
| Amounts receivable within one year | 40/41 | €28,860 | €29,775 | +€915 | +3.2% |
| Trade receivables | 40 | €28,860 | €18,955 | -€9,906 | -34.3% |
| Other amounts receivable | 41 | - | €10,821 | +€10,821 | |
| Cash at bank and in hand | 54/58 | €529,014 | €411,431 | -€117,583 | -22.2% |
| Deferred charges and accrued income | 490/1 | €14,491 | €7,827 | -€6,665 | -46.0% |
| Total equity and liabilities | 10/49 | €1,888,200 | €2,069,682 | +€181,482 | +9.6% |
| Equity | 10/15 | €1,279,070 | €1,679,154 | +€400,084 | +31.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,204,070 | €1,604,154 | +€400,084 | +33.2% |
| Distributable reserves | 133 | €1,204,070 | €1,604,154 | +€400,084 | +33.2% |
| Amounts payable | 17/49 | €609,131 | €390,528 | -€218,602 | -35.9% |
| Amounts payable after more than one year | 17 | €267,975 | €214,091 | -€53,883 | -20.1% |
| Financial debts | 170/4 | €267,975 | €214,091 | -€53,883 | -20.1% |
| Amounts payable within one year | 42/48 | €341,156 | €176,437 | -€164,719 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €61,002 | €53,899 | -€7,103 | -11.6% |
| Trade debts | 44 | €8,584 | €7,337 | -€1,247 | -14.5% |
| Suppliers | 440/4 | €8,584 | €7,337 | -€1,247 | -14.5% |
| Taxes, remuneration and social security | 45 | €55,308 | €42,966 | -€12,342 | -22.3% |
| Taxes | 450/3 | €51,634 | €33,961 | -€17,673 | -34.2% |
| Remuneration and social security | 454/9 | €3,674 | €9,005 | +€5,331 | +145% |
| Other amounts payable | 47/48 | €216,262 | €72,235 | -€144,027 | -66.6% |
| Remuneration, social security and pensions | 62 | €65,856 | €42,694 | -€23,161 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,229 | €132,600 | +€4,372 | +3.4% |
| Other operating charges | 640/8 | €37,340 | €15,816 | -€21,524 | -57.6% |
| Non-recurring operating charges | 66A | - | €8,031 | +€8,031 | |
| Gross operating margin | 9900 | €769,123 | €798,413 | +€29,290 | +3.8% |
| Operating profit (loss) | 9901 | €537,698 | €599,271 | +€61,572 | +11.5% |
| Financial income | 75/76B | €3,991 | €9,168 | +€5,177 | +130% |
| Recurring financial income | 75 | €3,991 | €9,168 | +€5,177 | +130% |
| Financial charges | 65/66B | €11,329 | €22,689 | +€11,360 | +100% |
| Recurring financial charges | 65 | €11,329 | €22,689 | +€11,360 | +100% |
| Profit (loss) for the period before taxes | 9903 | €530,360 | €585,750 | +€55,389 | +10.4% |
| Income taxes | 67/77 | €168,548 | €185,665 | +€17,118 | +10.2% |
| Profit (loss) for the period | 9904 | €361,813 | €400,084 | +€38,272 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €361,813 | €400,084 | +€38,272 | +10.6% |
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 27 October 2026 via checked.be.