AEB ADVISORY: 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.
AEB ADVISORY
Largest movements
- Cash +€63,530
up €63,530 (+121%), from €52,451 to €115,981
mainly Other debts (+€90,951) and Net result for the year (+€70,158)
- Receivables within one year -€6,568
down €6,568 (-25.3%), from €25,928 to €19,360
- Tangible fixed assets +€5,907
up €5,907 (+105%), from €5,649 to €11,556
- Other debts +€90,951
up €90,951 (+1,005%), from €9,049 to €100,000
- Profit (loss) carried forward -€47,489
down €47,489 (-97.8%), from €48,556 to €1,067
- Tax, wage and social debts +€24,388
up €24,388 (+117%), from €20,868 to €45,256
- Trade debts -€4,996
down €4,996 (-98.8%), from €5,056 to €61
- Gross operating margin +€49,781
up €49,781 (+116%), from €42,808 to €92,588
- Taxes +€10,644
up €10,644 (+112%), from €9,492 to €20,136
- Depreciation +€1,550
up €1,550 (+287%), from €540 to €2,090
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 | €85,529 | €148,383 | +€62,853 | +73.5% |
| Fixed assets | 21/28 | €5,649 | €11,556 | +€5,907 | +105% |
| Tangible fixed assets | 22/27 | €5,649 | €11,556 | +€5,907 | +105% |
| Furniture and vehicles | 24 | €5,649 | €11,556 | +€5,907 | +105% |
| Current assets | 29/58 | €79,881 | €136,827 | +€56,946 | +71.3% |
| Amounts receivable within one year | 40/41 | €25,928 | €19,360 | -€6,568 | -25.3% |
| Trade receivables | 40 | €25,928 | €19,360 | -€6,568 | -25.3% |
| Cash at bank and in hand | 54/58 | €52,451 | €115,981 | +€63,530 | +121% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,486 | -€15 | -1.0% |
| Total equity and liabilities | 10/49 | €85,529 | €148,383 | +€62,853 | +73.5% |
| Equity | 10/15 | €50,556 | €3,067 | -€47,489 | -93.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,556 | €1,067 | -€47,489 | -97.8% |
| Amounts payable | 17/49 | €34,973 | €145,316 | +€110,343 | +316% |
| Amounts payable within one year | 42/48 | €34,973 | €145,316 | +€110,343 | +316% |
| Trade debts | 44 | €5,056 | €61 | -€4,996 | -98.8% |
| Suppliers | 440/4 | €5,056 | €61 | -€4,996 | -98.8% |
| Taxes, remuneration and social security | 45 | €20,868 | €45,256 | +€24,388 | +117% |
| Taxes | 450/3 | €20,868 | €45,256 | +€24,388 | +117% |
| Other amounts payable | 47/48 | €9,049 | €100,000 | +€90,951 | +1,005% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €2,090 | +€1,550 | +287% |
| Other operating charges | 640/8 | - | €85 | +€85 | |
| Non-recurring operating charges | 66A | €125 | €0 | -€125 | -100% |
| Gross operating margin | 9900 | €42,808 | €92,588 | +€49,781 | +116% |
| Operating profit (loss) | 9901 | €42,142 | €90,413 | +€48,271 | +115% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €113 | €134 | +€21 | +18.2% |
| Recurring financial charges | 65 | €113 | €134 | +€21 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €42,029 | €90,294 | +€48,265 | +115% |
| Income taxes | 67/77 | €9,492 | €20,136 | +€10,644 | +112% |
| Profit (loss) for the period | 9904 | €32,537 | €70,158 | +€37,621 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €32,537 | €70,158 | +€37,621 | +116% |
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 20 October 2026 via checked.be.