AECC MANAGEMENT: 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.
AECC MANAGEMENT
Largest movements
- Receivables within one year -€30,811
down €30,811 (-57.3%), from €53,787 to €22,976
of which Trade receivables: -€33,832
- Cash -€25,148
down €25,148 (-36.7%), from €68,570 to €43,422
mainly Net result for the year (-€298,471) and Investment in fixed assets (net) (-€25,601)
- Tangible fixed assets +€16,703
up €16,703 (+183%), from €9,142 to €25,845
of which Plant, machinery and equipment: +€9,429
- Financial fixed assets +€2,250
new in 2025: €2,250
- Profit (loss) carried forward -€298,471
down €298,471 (-390%), from -€76,573 to -€375,043
- Other debts +€228,170
up €228,170 (+284%), from €80,314 to €308,483
- Trade debts +€44,647
up €44,647 (+175%), from €25,571 to €70,218
- Debts after one year -€20,109
down €20,109 (-25.1%), from €80,246 to €60,137
- Tax, wage and social debts +€7,590
new in 2025: €7,590
- Gross operating margin -€120,314
down €120,314 (-170%), from -€70,723 to -€191,037
- Staff costs +€92,269
up €92,269 (+19,812%), from €466 to €92,735
- Depreciation +€5,842
up €5,842 (+725%), from €806 to €6,648
- Financial charges +€3,566
up €3,566 (+125%), from €2,842 to €6,408
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 | €131,499 | €94,493 | -€37,006 | -28.1% |
| Fixed assets | 21/28 | €9,142 | €28,095 | +€18,953 | +207% |
| Tangible fixed assets | 22/27 | €9,142 | €25,845 | +€16,703 | +183% |
| Plant, machinery and equipment | 23 | €7,901 | €17,330 | +€9,429 | +119% |
| Furniture and vehicles | 24 | €1,241 | €8,515 | +€7,274 | +586% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €122,357 | €66,398 | -€55,959 | -45.7% |
| Amounts receivable within one year | 40/41 | €53,787 | €22,976 | -€30,811 | -57.3% |
| Trade receivables | 40 | €42,689 | €8,857 | -€33,832 | -79.3% |
| Other amounts receivable | 41 | €11,098 | €14,119 | +€3,021 | +27.2% |
| Cash at bank and in hand | 54/58 | €68,570 | €43,422 | -€25,148 | -36.7% |
| Total equity and liabilities | 10/49 | €131,499 | €94,493 | -€37,006 | -28.1% |
| Equity | 10/15 | -€73,573 | -€372,043 | -€298,471 | -406% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,573 | -€375,043 | -€298,471 | -390% |
| Amounts payable | 17/49 | €205,072 | €466,537 | +€261,465 | +127% |
| Amounts payable after more than one year | 17 | €80,246 | €60,137 | -€20,109 | -25.1% |
| Financial debts | 170/4 | €80,246 | €60,137 | -€20,109 | -25.1% |
| Amounts payable within one year | 42/48 | €124,826 | €406,400 | +€281,573 | +226% |
| Current portion of amounts payable after more than one year | 42 | €18,942 | €20,109 | +€1,167 | +6.2% |
| Trade debts | 44 | €25,571 | €70,218 | +€44,647 | +175% |
| Suppliers | 440/4 | €25,571 | €70,218 | +€44,647 | +175% |
| Taxes, remuneration and social security | 45 | - | €7,590 | +€7,590 | |
| Remuneration and social security | 454/9 | - | €7,590 | +€7,590 | |
| Other amounts payable | 47/48 | €80,314 | €308,483 | +€228,170 | +284% |
| Remuneration, social security and pensions | 62 | €466 | €92,735 | +€92,269 | +19,812% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €6,648 | +€5,842 | +725% |
| Other operating charges | 640/8 | €1,857 | €1,645 | -€211 | -11.4% |
| Gross operating margin | 9900 | -€70,723 | -€191,037 | -€120,314 | -170% |
| Operating profit (loss) | 9901 | -€73,851 | -€292,065 | -€218,213 | -295% |
| Financial income | 75/76B | €121 | €3 | -€118 | -97.7% |
| Recurring financial income | 75 | €121 | €3 | -€118 | -97.7% |
| Financial charges | 65/66B | €2,842 | €6,408 | +€3,566 | +125% |
| Recurring financial charges | 65 | €2,842 | €6,408 | +€3,566 | +125% |
| Profit (loss) for the period before taxes | 9903 | -€76,573 | -€298,470 | -€221,897 | -290% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€76,573 | -€298,471 | -€221,898 | -290% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,573 | -€298,471 | -€221,898 | -290% |
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.