AEDEFFICIO: 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.
AEDEFFICIO
Largest movements
- Cash +€70,543
up €70,543 (+20.8%), from €339,758 to €410,300
mainly Net result for the year (+€73,216) and Depreciation (+€18,914)
- Tangible fixed assets -€18,914
down €18,914 (-58.0%), from €32,630 to €13,716
- Reserves +€73,216
up €73,216 (+22.5%), from €325,592 to €398,807
of which Distributable reserves: +€73,216
- Debts after one year -€10,276
down €10,276 (-85.6%), from €12,004 to €1,728
- Tax, wage and social debts -€9,788
down €9,788 (-31.7%), from €30,861 to €21,073
of which Taxes: -€10,199
- Turnover -€51,825
down €51,825 (-12.6%), from €410,196 to €358,371
- Gross operating margin -€49,396
down €49,396 (-23.2%), from €212,752 to €163,356
- Taxes -€16,756
down €16,756 (-33.6%), from €49,939 to €33,183
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,651 | €435,343 | +€49,692 | +12.9% |
| Fixed assets | 21/28 | €32,630 | €13,716 | -€18,914 | -58.0% |
| Tangible fixed assets | 22/27 | €32,630 | €13,716 | -€18,914 | -58.0% |
| Furniture and vehicles | 24 | €32,630 | €13,716 | -€18,914 | -58.0% |
| Current assets | 29/58 | €353,021 | €421,627 | +€68,606 | +19.4% |
| Amounts receivable within one year | 40/41 | €13,263 | €11,327 | -€1,936 | -14.6% |
| Trade receivables | 40 | €5,582 | €5,051 | -€531 | -9.5% |
| Other amounts receivable | 41 | €7,682 | €6,277 | -€1,405 | -18.3% |
| Cash at bank and in hand | 54/58 | €339,758 | €410,300 | +€70,543 | +20.8% |
| Total equity and liabilities | 10/49 | €385,651 | €435,343 | +€49,692 | +12.9% |
| Equity | 10/15 | €328,592 | €401,807 | +€73,216 | +22.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €325,592 | €398,807 | +€73,216 | +22.5% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €325,292 | €398,507 | +€73,216 | +22.5% |
| Amounts payable | 17/49 | €57,059 | €33,536 | -€23,524 | -41.2% |
| Amounts payable after more than one year | 17 | €12,004 | €1,728 | -€10,276 | -85.6% |
| Financial debts | 170/4 | €12,004 | €1,728 | -€10,276 | -85.6% |
| Amounts payable within one year | 42/48 | €45,055 | €31,808 | -€13,248 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €10,123 | €10,276 | +€153 | +1.5% |
| Trade debts | 44 | €4,071 | €459 | -€3,612 | -88.7% |
| Suppliers | 440/4 | €4,071 | €459 | -€3,612 | -88.7% |
| Taxes, remuneration and social security | 45 | €30,861 | €21,073 | -€9,788 | -31.7% |
| Taxes | 450/3 | €27,447 | €17,248 | -€10,199 | -37.2% |
| Remuneration and social security | 454/9 | €3,413 | €3,825 | +€411 | +12.1% |
| Turnover | 70 | €410,196 | €358,371 | -€51,825 | -12.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €197,444 | €195,015 | -€2,430 | -1.2% |
| Remuneration, social security and pensions | 62 | €32,757 | €36,173 | +€3,416 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,998 | €18,914 | -€2,083 | -9.9% |
| Other operating charges | 640/8 | €1,065 | €1,156 | +€91 | +8.5% |
| Gross operating margin | 9900 | €212,752 | €163,356 | -€49,396 | -23.2% |
| Operating profit (loss) | 9901 | €157,932 | €107,113 | -€50,819 | -32.2% |
| Financial charges | 65/66B | €516 | €714 | +€198 | +38.3% |
| Recurring financial charges | 65 | €516 | €714 | +€198 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €157,416 | €106,399 | -€51,017 | -32.4% |
| Income taxes | 67/77 | €49,939 | €33,183 | -€16,756 | -33.6% |
| Profit (loss) for the period | 9904 | €107,477 | €73,216 | -€34,261 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,477 | €73,216 | -€34,261 | -31.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.