AEBS: 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.
AEBS
Largest movements
- Tangible fixed assets +€88,665
up €88,665 (+227.8%), from €38,915 to €127,580
of which Land and buildings: +€86,407
- Receivables within one year +€26,463
up €26,463 (+204.5%), from €12,943 to €39,406
of which Trade receivables: +€28,934
- Cash +€19,979
up €19,979 (+33.7%), from €59,309 to €79,288
mainly Net result for the year (+€84,859) and Debts after one year (+€41,531)
- Reserves +€84,859
up €84,859 (+132.4%), from €64,074 to €148,932
- Debts after one year +€41,531
up €41,531 (+169.2%), from €24,547 to €66,079
- Tax, wage and social debts +€7,351
up €7,351 (+134.0%), from €5,486 to €12,837
of which Taxes: +€6,563
- Gross operating margin +€43,549
up €43,549 (+52.4%), from €83,100 to €126,649
- Staff costs +€11,214
new in 2025: €11,214
- Taxes +€6,313
up €6,313 (+41.1%), from €15,354 to €21,667
- Financial charges +€2,612
up €2,612 (+302.1%), from €864 to €3,476
- Depreciation +€2,504
up €2,504 (+108.4%), from €2,310 to €4,814
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 | €117,289 | €251,274 | +€133,985 | +114.2% |
| Fixed assets | 21/28 | €38,915 | €127,580 | +€88,665 | +227.8% |
| Tangible fixed assets | 22/27 | €38,915 | €127,580 | +€88,665 | +227.8% |
| Land and buildings | 22 | €31,980 | €118,387 | +€86,407 | +270.2% |
| Plant, machinery and equipment | 23 | €3,850 | €6,306 | +€2,456 | +63.8% |
| Furniture and vehicles | 24 | €3,084 | €2,887 | -€197 | -6.4% |
| Current assets | 29/58 | €78,374 | €123,694 | +€45,320 | +57.8% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,943 | €39,406 | +€26,463 | +204.5% |
| Trade receivables | 40 | €4,530 | €33,464 | +€28,934 | +638.7% |
| Other amounts receivable | 41 | €8,413 | €5,942 | -€2,471 | -29.4% |
| Cash at bank and in hand | 54/58 | €59,309 | €79,288 | +€19,979 | +33.7% |
| Deferred charges and accrued income | 490/1 | €1,122 | €0 | -€1,122 | -100.0% |
| Total equity and liabilities | 10/49 | €117,289 | €251,274 | +€133,985 | +114.2% |
| Equity | 10/15 | €74,074 | €158,932 | +€84,859 | +114.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €64,074 | €148,932 | +€84,859 | +132.4% |
| Distributable reserves | 133 | €64,074 | €148,932 | +€84,859 | +132.4% |
| Amounts payable | 17/49 | €43,216 | €92,342 | +€49,126 | +113.7% |
| Amounts payable after more than one year | 17 | €24,547 | €66,079 | +€41,531 | +169.2% |
| Financial debts | 170/4 | €24,547 | €66,079 | +€41,531 | +169.2% |
| Amounts payable within one year | 42/48 | €18,668 | €26,263 | +€7,595 | +40.7% |
| Financial debts | 43 | €6,551 | €6,843 | +€291 | +4.4% |
| Other loans | 439 | €6,551 | €6,843 | +€291 | +4.4% |
| Trade debts | 44 | €2,994 | €3,830 | +€836 | +27.9% |
| Suppliers | 440/4 | €2,994 | €3,830 | +€836 | +27.9% |
| Taxes, remuneration and social security | 45 | €5,486 | €12,837 | +€7,351 | +134.0% |
| Taxes | 450/3 | €5,486 | €12,050 | +€6,563 | +119.6% |
| Remuneration and social security | 454/9 | - | €787 | +€787 | |
| Other amounts payable | 47/48 | €3,637 | €2,754 | -€884 | -24.3% |
| Remuneration, social security and pensions | 62 | - | €11,214 | +€11,214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €4,814 | +€2,504 | +108.4% |
| Other operating charges | 640/8 | €502 | €623 | +€121 | +24.1% |
| Gross operating margin | 9900 | €83,100 | €126,649 | +€43,549 | +52.4% |
| Operating profit (loss) | 9901 | €80,287 | €109,998 | +€29,710 | +37.0% |
| Financial income | 75/76B | €4 | €4 | -€1 | -17.1% |
| Recurring financial income | 75 | €4 | €4 | -€1 | -17.1% |
| Financial charges | 65/66B | €864 | €3,476 | +€2,612 | +302.1% |
| Recurring financial charges | 65 | €864 | €3,476 | +€2,612 | +302.1% |
| Profit (loss) for the period before taxes | 9903 | €79,428 | €106,525 | +€27,098 | +34.1% |
| Income taxes | 67/77 | €15,354 | €21,667 | +€6,313 | +41.1% |
| Profit (loss) for the period | 9904 | €64,074 | €84,859 | +€20,785 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,074 | €84,859 | +€20,785 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.