AEACUS: 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.
AEACUS
Largest movements
- Cash +€54,593
up €54,593 (+58.9%), from €92,672 to €147,265
mainly Trade debts (+€90,141) and Net result for the year (+€34,334)
- Receivables within one year -€25,808
down €25,808 (-21.4%), from €120,631 to €94,823
of which Trade receivables: -€26,850
- Financial fixed assets +€10,000
new in 2025: €10,000
- Deferred charges and accrued income +€2,962
up €2,962 (+1976.7%), from €150 to €3,112
- Tangible fixed assets -€2,840
down €2,840 (-24.3%), from €11,687 to €8,847
- Other debts -€95,955
down €95,955 (-94.2%), from €101,810 to €5,855
- Trade debts +€90,141
up €90,141 (+103.6%), from €87,049 to €177,189
- Reserves +€34,334
up €34,334 (+140.7%), from €24,398 to €58,732
- Tax, wage and social debts +€10,386
up €10,386 (+100.0%), from €10,383 to €20,770
- Gross operating margin -€86,422
down €86,422 (-63.2%), from €136,668 to €50,246
- Taxes +€4,823
up €4,823 (+60.5%), from €7,973 to €12,796
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 | €225,140 | €264,046 | +€38,906 | +17.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,687 | €18,847 | +€7,160 | +61.3% |
| Tangible fixed assets | 22/27 | €11,687 | €8,847 | -€2,840 | -24.3% |
| Furniture and vehicles | 24 | €11,687 | €8,847 | -€2,840 | -24.3% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €213,453 | €245,199 | +€31,747 | +14.9% |
| Amounts receivable within one year | 40/41 | €120,631 | €94,823 | -€25,808 | -21.4% |
| Trade receivables | 40 | €120,631 | €93,781 | -€26,850 | -22.3% |
| Other amounts receivable | 41 | - | €1,042 | +€1,042 | |
| Cash at bank and in hand | 54/58 | €92,672 | €147,265 | +€54,593 | +58.9% |
| Deferred charges and accrued income | 490/1 | €150 | €3,112 | +€2,962 | +1976.7% |
| Total equity and liabilities | 10/49 | €225,140 | €264,046 | +€38,906 | +17.3% |
| Equity | 10/15 | €25,898 | €60,232 | +€34,334 | +132.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,398 | €58,732 | +€34,334 | +140.7% |
| Distributable reserves | 133 | €24,398 | €58,732 | +€34,334 | +140.7% |
| Amounts payable | 17/49 | €199,242 | €203,814 | +€4,572 | +2.3% |
| Amounts payable within one year | 42/48 | €199,242 | €203,814 | +€4,572 | +2.3% |
| Trade debts | 44 | €87,049 | €177,189 | +€90,141 | +103.6% |
| Suppliers | 440/4 | €87,049 | €177,189 | +€90,141 | +103.6% |
| Taxes, remuneration and social security | 45 | €10,383 | €20,770 | +€10,386 | +100.0% |
| Taxes | 450/3 | €10,383 | €20,770 | +€10,386 | +100.0% |
| Other amounts payable | 47/48 | €101,810 | €5,855 | -€95,955 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,153 | €2,840 | -€1,312 | -31.6% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €136,668 | €50,246 | -€86,422 | -63.2% |
| Operating profit (loss) | 9901 | €132,516 | €47,356 | -€85,159 | -64.3% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €159 | €225 | +€66 | +41.4% |
| Recurring financial charges | 65 | €159 | €225 | +€66 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €132,371 | €47,131 | -€85,241 | -64.4% |
| Income taxes | 67/77 | €7,973 | €12,796 | +€4,823 | +60.5% |
| Profit (loss) for the period | 9904 | €124,398 | €34,334 | -€90,064 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,398 | €34,334 | -€90,064 | -72.4% |
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 5 October 2026 via checked.be.