AEB Construct: 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 Construct
Largest movements
- Cash +€8,184
up €8,184 (+1779.1%), from €460 to €8,644
mainly Net result for the year (+€5,324) and Receivables within one year (+€1,126)
- Receivables within one year -€1,126
down €1,126 (-10.9%), from €10,351 to €9,225
of which Other amounts receivable: -€1,537
- Tangible fixed assets -€667
down €667 (-46.0%), from €1,448 to €781
- Reserves +€5,324
up €5,324 (+92.4%), from €5,760 to €11,084
- Tax, wage and social debts +€1,108
up €1,108 (+20.0%), from €5,552 to €6,660
of which Taxes: +€2,608
- Financial income -€1,039
no longer reported in 2025 (was €1,039)
of which Non-recurring financial income: -€1,023
- Taxes -€877
down €877 (-23.5%), from €3,733 to €2,856
- Gross operating margin -€227
down €227 (-2.4%), from €9,505 to €9,279
- Depreciation +€115
up €115 (+20.8%), from €552 to €667
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 | €12,259 | €18,650 | +€6,391 | +52.1% |
| Fixed assets | 21/28 | €1,448 | €781 | -€667 | -46.0% |
| Tangible fixed assets | 22/27 | €1,448 | €781 | -€667 | -46.0% |
| Plant, machinery and equipment | 23 | €1,448 | €781 | -€667 | -46.0% |
| Current assets | 29/58 | €10,811 | €17,868 | +€7,057 | +65.3% |
| Amounts receivable within one year | 40/41 | €10,351 | €9,225 | -€1,126 | -10.9% |
| Trade receivables | 40 | €8,232 | €8,643 | +€411 | +5.0% |
| Other amounts receivable | 41 | €2,119 | €582 | -€1,537 | -72.6% |
| Cash at bank and in hand | 54/58 | €460 | €8,644 | +€8,184 | +1779.1% |
| Total equity and liabilities | 10/49 | €12,259 | €18,650 | +€6,391 | +52.1% |
| Equity | 10/15 | €6,260 | €11,584 | +€5,324 | +85.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €5,760 | €11,084 | +€5,324 | +92.4% |
| Distributable reserves | 133 | €5,760 | €11,084 | +€5,324 | +92.4% |
| Amounts payable | 17/49 | €5,999 | €7,066 | +€1,067 | +17.8% |
| Amounts payable within one year | 42/48 | €5,999 | €7,066 | +€1,067 | +17.8% |
| Trade debts | 44 | €447 | €315 | -€133 | -29.6% |
| Suppliers | 440/4 | €447 | €315 | -€133 | -29.6% |
| Taxes, remuneration and social security | 45 | €5,552 | €6,660 | +€1,108 | +20.0% |
| Taxes | 450/3 | €4,052 | €6,660 | +€2,608 | +64.4% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €667 | +€115 | +20.8% |
| Other operating charges | 640/8 | €411 | €365 | -€46 | -11.1% |
| Gross operating margin | 9900 | €9,505 | €9,279 | -€227 | -2.4% |
| Operating profit (loss) | 9901 | €8,543 | €8,247 | -€296 | -3.5% |
| Financial income | 75/76B | €1,039 | - | -€1,039 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Non-recurring financial income | 76B | €1,023 | - | -€1,023 | |
| Financial charges | 65/66B | €89 | €68 | -€22 | -24.2% |
| Recurring financial charges | 65 | €89 | €68 | -€22 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €9,493 | €8,180 | -€1,313 | -13.8% |
| Income taxes | 67/77 | €3,733 | €2,856 | -€877 | -23.5% |
| Profit (loss) for the period | 9904 | €5,760 | €5,324 | -€436 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,760 | €5,324 | -€436 | -7.6% |
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 12 October 2026 via checked.be.