AEBLE: 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.
AEBLE
Largest movements
- Cash -€6,983
down €6,983 (-3.2%), from €219,712 to €212,729
mainly Contributions, distributions and other (-€60,542) and Other debts (-€7,213)
- Tangible fixed assets -€5,918
down €5,918 (-17.2%), from €34,482 to €28,564
of which Other tangible fixed assets: -€4,623
- Reserves -€8,207
down €8,207 (-4.3%), from €191,139 to €182,932
- Other debts -€7,213
down €7,213 (-9.9%), from €73,122 to €65,909
- Gross operating margin -€1,528
down €1,528 (-1.9%), from €80,865 to €79,337
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 | €285,101 | €270,382 | -€14,720 | -5.2% |
| Fixed assets | 21/28 | €34,482 | €28,564 | -€5,918 | -17.2% |
| Tangible fixed assets | 22/27 | €34,482 | €28,564 | -€5,918 | -17.2% |
| Plant, machinery and equipment | 23 | €3,486 | €2,190 | -€1,295 | -37.2% |
| Other tangible fixed assets | 26 | €30,996 | €26,374 | -€4,623 | -14.9% |
| Current assets | 29/58 | €250,619 | €241,818 | -€8,802 | -3.5% |
| Amounts receivable within one year | 40/41 | €28,130 | €26,255 | -€1,875 | -6.7% |
| Trade receivables | 40 | €27,080 | €25,472 | -€1,608 | -5.9% |
| Other amounts receivable | 41 | €1,050 | €783 | -€267 | -25.4% |
| Cash at bank and in hand | 54/58 | €219,712 | €212,729 | -€6,983 | -3.2% |
| Deferred charges and accrued income | 490/1 | €2,777 | €2,834 | +€57 | +2.1% |
| Total equity and liabilities | 10/49 | €285,101 | €270,382 | -€14,720 | -5.2% |
| Equity | 10/15 | €209,739 | €201,532 | -€8,207 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,139 | €182,932 | -€8,207 | -4.3% |
| Distributable reserves | 133 | €191,139 | €182,932 | -€8,207 | -4.3% |
| Amounts payable | 17/49 | €75,362 | €68,849 | -€6,513 | -8.6% |
| Amounts payable within one year | 42/48 | €75,150 | €68,633 | -€6,517 | -8.7% |
| Trade debts | 44 | €756 | €445 | -€311 | -41.1% |
| Suppliers | 440/4 | €756 | €445 | -€311 | -41.1% |
| Taxes, remuneration and social security | 45 | €1,273 | €2,279 | +€1,006 | +79.1% |
| Taxes | 450/3 | €1,273 | €2,279 | +€1,006 | +79.1% |
| Other amounts payable | 47/48 | €73,122 | €65,909 | -€7,213 | -9.9% |
| Accrued charges and deferred income | 492/3 | €212 | €216 | +€4 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,339 | €5,918 | +€579 | +10.8% |
| Other operating charges | 640/8 | €1,089 | €1,039 | -€50 | -4.6% |
| Gross operating margin | 9900 | €80,865 | €79,337 | -€1,528 | -1.9% |
| Operating profit (loss) | 9901 | €74,438 | €72,380 | -€2,058 | -2.8% |
| Financial charges | 65/66B | €1,073 | €767 | -€306 | -28.5% |
| Recurring financial charges | 65 | €1,073 | €767 | -€306 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €73,365 | €71,613 | -€1,752 | -2.4% |
| Income taxes | 67/77 | €19,273 | €19,278 | +€5 | 0.0% |
| Profit (loss) for the period | 9904 | €54,092 | €52,335 | -€1,757 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,092 | €52,335 | -€1,757 | -3.2% |
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 10 October 2026 via checked.be.