AEDES: 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.
AEDES
Largest movements
- Financial fixed assets -€10,969
no longer reported in 2025 (was €10,969)
- Tangible fixed assets -€10,158
down €10,158 (-1.4%), from €712,619 to €702,461
of which Land and buildings: -€6,985
- Other debts -€16,245
down €16,245 (-26.6%), from €61,136 to €44,891
- Financial charges -€1,207
down €1,207 (-79.4%), from €1,520 to €313
of which Non-recurring financial charges: -€1,116
- Gross operating margin -€602
down €602 (-5.0%), from €12,097 to €11,495
- Other operating charges -€405
down €405 (-6.4%), from €6,365 to €5,961
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 | €762,236 | €741,054 | -€21,182 | -2.8% |
| Fixed assets | 21/28 | €723,588 | €702,461 | -€21,127 | -2.9% |
| Tangible fixed assets | 22/27 | €712,619 | €702,461 | -€10,158 | -1.4% |
| Land and buildings | 22 | €699,929 | €692,944 | -€6,985 | -1.0% |
| Furniture and vehicles | 24 | €12,690 | €9,518 | -€3,173 | -25.0% |
| Financial fixed assets | 28 | €10,969 | - | -€10,969 | |
| Current assets | 29/58 | €38,648 | €38,593 | -€55 | -0.1% |
| Amounts receivable within one year | 40/41 | €38,024 | €38,024 | = | 0.0% |
| Trade receivables | 40 | €35,280 | €35,280 | = | 0.0% |
| Other amounts receivable | 41 | €2,744 | €2,744 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €624 | €569 | -€55 | -8.8% |
| Total equity and liabilities | 10/49 | €762,236 | €741,054 | -€21,182 | -2.8% |
| Equity | 10/15 | €696,243 | €691,307 | -€4,936 | -0.7% |
| Contributions | 10/11 | €342,000 | €342,000 | = | 0.0% |
| Capital | 10 | €342,000 | €342,000 | = | 0.0% |
| Issued capital | 100 | €342,000 | €342,000 | = | 0.0% |
| Revaluation surpluses | 12 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €71,623 | €71,623 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,517 | €32,517 | = | 0.0% |
| Legal reserve | 130 | €32,517 | €32,517 | = | 0.0% |
| Distributable reserves | 133 | €39,106 | €39,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,380 | -€152,316 | -€4,936 | -3.3% |
| Amounts payable | 17/49 | €65,993 | €49,748 | -€16,245 | -24.6% |
| Amounts payable within one year | 42/48 | €61,136 | €44,891 | -€16,245 | -26.6% |
| Other amounts payable | 47/48 | €61,136 | €44,891 | -€16,245 | -26.6% |
| Accrued charges and deferred income | 492/3 | €4,857 | €4,857 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,158 | €10,158 | = | 0.0% |
| Other operating charges | 640/8 | €6,365 | €5,961 | -€405 | -6.4% |
| Gross operating margin | 9900 | €12,097 | €11,495 | -€602 | -5.0% |
| Operating profit (loss) | 9901 | -€4,427 | -€4,623 | -€197 | -4.4% |
| Financial charges | 65/66B | €1,520 | €313 | -€1,207 | -79.4% |
| Recurring financial charges | 65 | €404 | €313 | -€91 | -22.6% |
| Non-recurring financial charges | 66B | €1,116 | - | -€1,116 | |
| Profit (loss) for the period before taxes | 9903 | -€5,946 | -€4,936 | +€1,010 | +17.0% |
| Profit (loss) for the period | 9904 | -€5,946 | -€4,936 | +€1,010 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,946 | -€4,936 | +€1,010 | +17.0% |
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.