Aecon: 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.
Aecon
Largest movements
- Receivables within one year +€65,790
up €65,790 (+41.5%), from €158,641 to €224,431
of which Other amounts receivable: +€70,590
- Tangible fixed assets -€21,025
down €21,025 (-2.6%), from €798,467 to €777,442
of which Land and buildings: -€16,926
- Debts after one year +€71,228
up €71,228 (+11.3%), from €632,462 to €703,690
- Tax, wage and social debts +€32,243
up €32,243 (+59.3%), from €54,384 to €86,627
of which Remuneration and social security: +€30,251
- Short-term financial debts -€26,403
down €26,403 (-47.9%), from €55,176 to €28,772
- Trade debts -€16,154
down €16,154 (-50.3%), from €32,144 to €15,990
- Gross operating margin -€40,806
down €40,806 (-21.9%), from €186,199 to €145,393
- Taxes -€11,211
down €11,211 (-97.0%), from €11,555 to €344
- Other operating charges +€5,003
up €5,003 (+730%), from €686 to €5,689
- Staff costs +€4,196
up €4,196 (+5.6%), from €75,200 to €79,396
- Financial charges -€3,367
down €3,367 (-8.6%), from €38,957 to €35,589
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 | €959,224 | €1,012,742 | +€53,518 | +5.6% |
| Fixed assets | 21/28 | €798,467 | €777,442 | -€21,025 | -2.6% |
| Tangible fixed assets | 22/27 | €798,467 | €777,442 | -€21,025 | -2.6% |
| Land and buildings | 22 | €781,727 | €764,801 | -€16,926 | -2.2% |
| Plant, machinery and equipment | 23 | €12,098 | €9,973 | -€2,125 | -17.6% |
| Furniture and vehicles | 24 | €4,642 | €2,668 | -€1,974 | -42.5% |
| Current assets | 29/58 | €160,757 | €235,300 | +€74,543 | +46.4% |
| Amounts receivable within one year | 40/41 | €158,641 | €224,431 | +€65,790 | +41.5% |
| Trade receivables | 40 | €34,721 | €29,921 | -€4,800 | -13.8% |
| Other amounts receivable | 41 | €123,921 | €194,511 | +€70,590 | +57.0% |
| Cash at bank and in hand | 54/58 | €15 | €9,029 | +€9,015 | +61,282% |
| Deferred charges and accrued income | 490/1 | €2,101 | €1,840 | -€261 | -12.4% |
| Total equity and liabilities | 10/49 | €959,224 | €1,012,742 | +€53,518 | +5.6% |
| Equity | 10/15 | €184,701 | €177,663 | -€7,037 | -3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €179,701 | €179,701 | = | 0.0% |
| Distributable reserves | 133 | €179,701 | €179,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,037 | -€7,037 | |
| Amounts payable | 17/49 | €774,523 | €835,079 | +€60,556 | +7.8% |
| Amounts payable after more than one year | 17 | €632,462 | €703,690 | +€71,228 | +11.3% |
| Financial debts | 170/4 | €632,462 | €703,690 | +€71,228 | +11.3% |
| Amounts payable within one year | 42/48 | €141,704 | €131,389 | -€10,315 | -7.3% |
| Financial debts | 43 | €55,176 | €28,772 | -€26,403 | -47.9% |
| Credit institutions | 430/8 | €55,176 | €28,772 | -€26,403 | -47.9% |
| Trade debts | 44 | €32,144 | €15,990 | -€16,154 | -50.3% |
| Suppliers | 440/4 | €32,144 | €15,990 | -€16,154 | -50.3% |
| Taxes, remuneration and social security | 45 | €54,384 | €86,627 | +€32,243 | +59.3% |
| Taxes | 450/3 | €43,641 | €45,633 | +€1,991 | +4.6% |
| Remuneration and social security | 454/9 | €10,742 | €40,994 | +€30,251 | +282% |
| Accrued charges and deferred income | 492/3 | €357 | - | -€357 | |
| Remuneration, social security and pensions | 62 | €75,200 | €79,396 | +€4,196 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,712 | €31,412 | -€1,300 | -4.0% |
| Other operating charges | 640/8 | €686 | €5,689 | +€5,003 | +730% |
| Gross operating margin | 9900 | €186,199 | €145,393 | -€40,806 | -21.9% |
| Operating profit (loss) | 9901 | €77,601 | €28,896 | -€48,705 | -62.8% |
| Financial charges | 65/66B | €38,957 | €35,589 | -€3,367 | -8.6% |
| Recurring financial charges | 65 | €38,957 | €35,589 | -€3,367 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €38,644 | -€6,693 | -€45,337 | |
| Income taxes | 67/77 | €11,555 | €344 | -€11,211 | -97.0% |
| Profit (loss) for the period | 9904 | €27,089 | -€7,037 | -€34,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,089 | -€7,037 | -€34,126 |
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 15 October 2026 via checked.be.