AEB GROUP: 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.
AEB GROUP
Largest movements
- Cash -€163,869
down €163,869 (-56.3%), from €291,196 to €127,327
mainly Contributions, distributions and other (-€501,456) and Receivables within one year (-€34,106)
- Receivables within one year +€34,106
up €34,106 (+25.1%), from €136,153 to €170,259
of which Trade receivables: +€19,236
- Tangible fixed assets -€11,934
down €11,934 (-79.9%), from €14,932 to €2,999
of which Furniture and vehicles: -€13,243
- Reserves -€351,000
down €351,000 (-100.0%), from €351,000 to €0
- Other debts +€143,036
up €143,036 (+1927.7%), from €7,420 to €150,456
- Trade debts +€37,128
up €37,128 (+64.6%), from €57,482 to €94,610
- Tax, wage and social debts +€30,368
up €30,368 (+128.9%), from €23,566 to €53,934
of which Taxes: +€30,471
- Gross operating margin +€42,496
up €42,496 (+19.9%), from €213,063 to €255,559
- Taxes +€16,044
up €16,044 (+40.8%), from €39,352 to €55,396
- Staff costs +€3,548
up €3,548 (+11.3%), from €31,480 to €35,028
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 | €442,281 | €300,999 | -€141,282 | -31.9% |
| Fixed assets | 21/28 | €14,932 | €2,999 | -€11,934 | -79.9% |
| Tangible fixed assets | 22/27 | €14,932 | €2,999 | -€11,934 | -79.9% |
| Plant, machinery and equipment | 23 | €1,412 | €2,722 | +€1,310 | +92.7% |
| Furniture and vehicles | 24 | €13,520 | €277 | -€13,243 | -97.9% |
| Current assets | 29/58 | €427,349 | €298,001 | -€129,348 | -30.3% |
| Amounts receivable within one year | 40/41 | €136,153 | €170,259 | +€34,106 | +25.1% |
| Trade receivables | 40 | €136,153 | €155,389 | +€19,236 | +14.1% |
| Other amounts receivable | 41 | - | €14,871 | +€14,871 | |
| Cash at bank and in hand | 54/58 | €291,196 | €127,327 | -€163,869 | -56.3% |
| Deferred charges and accrued income | 490/1 | - | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €442,281 | €300,999 | -€141,282 | -31.9% |
| Equity | 10/15 | €353,813 | €2,000 | -€351,813 | -99.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €351,000 | €0 | -€351,000 | -100.0% |
| Distributable reserves | 133 | €351,000 | €0 | -€351,000 | -100.0% |
| Profit (loss) carried forward | 14 | €813 | €0 | -€813 | -100.0% |
| Amounts payable | 17/49 | €88,468 | €298,999 | +€210,531 | +238.0% |
| Amounts payable within one year | 42/48 | €88,468 | €298,999 | +€210,531 | +238.0% |
| Trade debts | 44 | €57,482 | €94,610 | +€37,128 | +64.6% |
| Suppliers | 440/4 | €57,482 | €94,610 | +€37,128 | +64.6% |
| Taxes, remuneration and social security | 45 | €23,566 | €53,934 | +€30,368 | +128.9% |
| Taxes | 450/3 | €19,652 | €50,122 | +€30,471 | +155.1% |
| Remuneration and social security | 454/9 | €3,914 | €3,811 | -€103 | -2.6% |
| Other amounts payable | 47/48 | €7,420 | €150,456 | +€143,036 | +1927.7% |
| Remuneration, social security and pensions | 62 | €31,480 | €35,028 | +€3,548 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,371 | €14,562 | +€191 | +1.3% |
| Other operating charges | 640/8 | €2,204 | €1,211 | -€993 | -45.1% |
| Gross operating margin | 9900 | €213,063 | €255,559 | +€42,496 | +19.9% |
| Operating profit (loss) | 9901 | €165,007 | €204,758 | +€39,750 | +24.1% |
| Financial income | 75/76B | €0 | €436 | +€436 | +1453466.7% |
| Recurring financial income | 75 | €0 | €436 | +€436 | +1453466.7% |
| Financial charges | 65/66B | €371 | €155 | -€216 | -58.3% |
| Recurring financial charges | 65 | €371 | €155 | -€216 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €164,637 | €205,039 | +€40,403 | +24.5% |
| Income taxes | 67/77 | €39,352 | €55,396 | +€16,044 | +40.8% |
| Profit (loss) for the period | 9904 | €125,285 | €149,643 | +€24,358 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,285 | €149,643 | +€24,358 | +19.4% |
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.