AE3N: 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.
AE3N
Largest movements
- Receivables within one year +€30,085
up €30,085 (+223.1%), from €13,484 to €43,569
of which Trade receivables: +€15,238
- Cash +€10,134
up €10,134 (+15.6%), from €64,846 to €74,979
mainly Other debts (+€99,024) and Net result for the year (+€40,364)
- Tangible fixed assets -€1,388
down €1,388 (-52.2%), from €2,659 to €1,271
- Other debts +€99,024
up €99,024 (+10150.0%), from €976 to €100,000
- Profit (loss) carried forward -€59,636
down €59,636 (-98.4%), from €60,623 to €987
- Gross operating margin -€12,057
down €12,057 (-17.7%), from €68,092 to €56,034
- Other operating charges -€5,130
down €5,130 (-80.1%), from €6,402 to €1,272
- Taxes -€1,413
down €1,413 (-11.2%), from €12,579 to €11,166
- Financial charges -€806
down €806 (-25.3%), from €3,188 to €2,381
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 | €82,484 | €121,628 | +€39,144 | +47.5% |
| Fixed assets | 21/28 | €2,659 | €1,271 | -€1,388 | -52.2% |
| Tangible fixed assets | 22/27 | €2,659 | €1,271 | -€1,388 | -52.2% |
| Furniture and vehicles | 24 | €2,659 | €1,271 | -€1,388 | -52.2% |
| Current assets | 29/58 | €79,825 | €120,357 | +€40,532 | +50.8% |
| Amounts receivable within one year | 40/41 | €13,484 | €43,569 | +€30,085 | +223.1% |
| Trade receivables | 40 | €12,582 | €27,819 | +€15,238 | +121.1% |
| Other amounts receivable | 41 | €902 | €15,750 | +€14,848 | +1645.9% |
| Cash at bank and in hand | 54/58 | €64,846 | €74,979 | +€10,134 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,495 | €1,808 | +€313 | +20.9% |
| Total equity and liabilities | 10/49 | €82,484 | €121,628 | +€39,144 | +47.5% |
| Equity | 10/15 | €65,623 | €5,987 | -€59,636 | -90.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,623 | €987 | -€59,636 | -98.4% |
| Amounts payable | 17/49 | €16,861 | €115,641 | +€98,780 | +585.8% |
| Amounts payable within one year | 42/48 | €16,061 | €114,681 | +€98,620 | +614.0% |
| Trade debts | 44 | €698 | €877 | +€180 | +25.8% |
| Suppliers | 440/4 | €698 | €877 | +€180 | +25.8% |
| Taxes, remuneration and social security | 45 | €14,388 | €13,803 | -€585 | -4.1% |
| Taxes | 450/3 | €14,388 | €13,803 | -€585 | -4.1% |
| Other amounts payable | 47/48 | €976 | €100,000 | +€99,024 | +10150.0% |
| Accrued charges and deferred income | 492/3 | €800 | €960 | +€160 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,830 | €1,388 | -€441 | -24.1% |
| Other operating charges | 640/8 | €6,402 | €1,272 | -€5,130 | -80.1% |
| Gross operating margin | 9900 | €68,092 | €56,034 | -€12,057 | -17.7% |
| Operating profit (loss) | 9901 | €59,860 | €53,374 | -€6,486 | -10.8% |
| Financial income | 75/76B | €0 | €537 | +€537 | +2686500.0% |
| Recurring financial income | 75 | €0 | €537 | +€537 | +2686500.0% |
| Financial charges | 65/66B | €3,188 | €2,381 | -€806 | -25.3% |
| Recurring financial charges | 65 | €3,188 | €2,381 | -€806 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €56,673 | €51,530 | -€5,142 | -9.1% |
| Income taxes | 67/77 | €12,579 | €11,166 | -€1,413 | -11.2% |
| Profit (loss) for the period | 9904 | €44,093 | €40,364 | -€3,729 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,093 | €40,364 | -€3,729 | -8.5% |
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 4 October 2026 via checked.be.