AE PROJECT: 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 PROJECT
Largest movements
- Receivables within one year +€8,727
up €8,727 (+277.3%), from €3,147 to €11,875
of which Trade receivables: +€11,816
- Tangible fixed assets -€6,037
down €6,037 (-39.9%), from €15,145 to €9,108
of which Furniture and vehicles: -€4,566
- Cash -€1,858
down €1,858 (-92.9%), from €1,999 to €141
mainly Trade debts (-€13,816) and Receivables within one year (-€8,727)
- Profit (loss) carried forward +€14,834
up €14,834 (+79.8%), from -€18,580 to -€3,747
- Trade debts -€13,816
down €13,816 (-92.1%), from €15,000 to €1,184
- Other debts -€318
down €318 (-1.4%), from €22,872 to €22,554
- Gross operating margin +€34,775
up €34,775, from -€12,928 to €21,847
- Depreciation +€4,013
up €4,013 (+725.4%), from €553 to €4,566
- Other operating charges +€1,578
up €1,578 (+407.3%), from €387 to €1,965
- Financial charges +€311
up €311 (+737.7%), from €42 to €353
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 | €20,292 | €21,124 | +€832 | +4.1% |
| Fixed assets | 21/28 | €15,145 | €9,108 | -€6,037 | -39.9% |
| Tangible fixed assets | 22/27 | €15,145 | €9,108 | -€6,037 | -39.9% |
| Plant, machinery and equipment | 23 | €1,472 | - | -€1,472 | |
| Furniture and vehicles | 24 | €13,673 | €9,108 | -€4,566 | -33.4% |
| Current assets | 29/58 | €5,147 | €12,016 | +€6,869 | +133.5% |
| Amounts receivable within one year | 40/41 | €3,147 | €11,875 | +€8,727 | +277.3% |
| Trade receivables | 40 | - | €11,816 | +€11,816 | |
| Other amounts receivable | 41 | €3,147 | €59 | -€3,089 | -98.1% |
| Cash at bank and in hand | 54/58 | €1,999 | €141 | -€1,858 | -92.9% |
| Total equity and liabilities | 10/49 | €20,292 | €21,124 | +€832 | +4.1% |
| Equity | 10/15 | -€17,580 | -€2,747 | +€14,834 | +84.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,580 | -€3,747 | +€14,834 | +79.8% |
| Amounts payable | 17/49 | €37,872 | €23,870 | -€14,002 | -37.0% |
| Amounts payable within one year | 42/48 | €37,872 | €23,870 | -€14,002 | -37.0% |
| Trade debts | 44 | €15,000 | €1,184 | -€13,816 | -92.1% |
| Suppliers | 440/4 | €15,000 | €1,184 | -€13,816 | -92.1% |
| Taxes, remuneration and social security | 45 | - | €132 | +€132 | |
| Taxes | 450/3 | - | €132 | +€132 | |
| Other amounts payable | 47/48 | €22,872 | €22,554 | -€318 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €4,566 | +€4,013 | +725.4% |
| Other operating charges | 640/8 | €387 | €1,965 | +€1,578 | +407.3% |
| Gross operating margin | 9900 | -€12,928 | €21,847 | +€34,775 | |
| Operating profit (loss) | 9901 | -€13,868 | €15,317 | +€29,185 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €42 | €353 | +€311 | +737.7% |
| Recurring financial charges | 65 | €42 | €353 | +€311 | +737.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,911 | €14,966 | +€28,876 | |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | -€13,911 | €14,834 | +€28,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,911 | €14,834 | +€28,744 |
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 3 October 2026 via checked.be.