AEDES: 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.
What changed
AEDES
NACE 66.220, Insurance agents and brokers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€904,138
2024 · €796,568+€107,571
Equity
€7.5m
2024 · €7.5m+€4,138
Cash
€2.1m
2024 · €2.4m-€308,338
Balance sheet total
€20.9m
2024 · €19.4m+€1.5m
Largest movements
Assets
- Deferred charges and accrued income +€1.2m
up €1.2m (+111.6%), from €1.0m to €2.2m
- Receivables within one year +€743,657
up €743,657 (+9.1%), from €8.2m to €8.9m
of which Trade receivables: +€480,857
- Cash -€308,338
down €308,338 (-12.9%), from €2.4m to €2.1m
mainly Investment in fixed assets (net) (-€1.5m) and Deferred charges and accrued income (-€1.2m)
- Tangible fixed assets -€246,313
down €246,313 (-6.3%), from €3.9m to €3.7m
of which Furniture and vehicles: -€275,578
- Intangible fixed assets +€230,950
up €230,950 (+11.8%), from €2.0m to €2.2m
Equity and liabilities
- Other debts +€884,797
up €884,797 (+442.0%), from €200,190 to €1.1m
- Tax, wage and social debts +€293,522
up €293,522 (+33.8%), from €868,376 to €1.2m
of which Remuneration and social security: +€188,352
- Trade debts +€253,356
up €253,356 (+3.0%), from €8.5m to €8.7m
Income statement
- Turnover +€1.5m
up €1.5m (+7.2%), from €20.6m to €22.1m
- Services and other goods +€1.3m
up €1.3m (+10.3%), from €12.9m to €14.3m
- Staff costs +€555,786
up €555,786 (+12.4%), from €4.5m to €5.0m
- Provisions -€481,413
down €481,413 (-72.3%), from €665,639 to €184,226
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.
Result 2024
€796,568
Turnover
+€1.5m
Other operating income
+€49,411
Services and other goods
-€1.3m
Staff costs
-€555,786
Depreciation
-€55,540
Provisions
+€481,413
Other operating charges
+€22,005
Other operating items
+€14,247
Financial income
+€12,954
Financial charges
+€21,342
Taxes
-€29,918
Result 2025
€904,138
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.
From operations
+€2.3m
Investment
-€1.5m
Financing
-€1.1m
Cash 2024
€2.4m
From operations (derived)
+€2.3m
Net result for the year
+€904,138
Depreciation
+€1.6m
Receivables after one year
+€89,426
Receivables within one year
-€743,657
Deferred charges and accrued income
-€1.2m
Provisions
+€184,226
Trade debts
+€253,356
Tax, wage and social debts
+€293,522
Other debts
+€884,797
Accrued charges and deferred income
+€27,793
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€1.1m
Debts after one year
-€80,000
Current portion of long-term debt
-€85,000
Contributions, distributions and other
-€900,000
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,378,697 | €20,861,529 | +€1.5m | +7.7% |
| Fixed assets | 21/28 | €6,655,923 | €6,640,558 | -€15,365 | -0.2% |
| Intangible fixed assets | 21 | €1,964,895 | €2,195,845 | +€230,950 | +11.8% |
| Tangible fixed assets | 22/27 | €3,915,279 | €3,668,965 | -€246,313 | -6.3% |
| Land and buildings | 22 | €2,661,541 | €2,529,219 | -€132,321 | -5.0% |
| Plant, machinery and equipment | 23 | €328,477 | €490,062 | +€161,586 | +49.2% |
| Furniture and vehicles | 24 | €925,261 | €649,684 | -€275,578 | -29.8% |
| Financial fixed assets | 28 | €775,749 | €775,748 | -€1 | 0.0% |
| Affiliated companies | 280/1 | €775,689 | €775,688 | -€1 | 0.0% |
| Participating interests | 280 | €775,689 | €775,688 | -€1 | 0.0% |
| Other financial fixed assets | 284/8 | €60 | €60 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €12,722,774 | €14,220,972 | +€1.5m | +11.8% |
| Amounts receivable after more than one year | 29 | €1,107,962 | €1,018,535 | -€89,426 | -8.1% |
| Other amounts receivable | 291 | €1,107,962 | €1,018,535 | -€89,426 | -8.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,188,163 | €8,931,820 | +€743,657 | +9.1% |
| Trade receivables | 40 | €6,967,891 | €7,448,748 | +€480,857 | +6.9% |
| Other amounts receivable | 41 | €1,220,272 | €1,483,072 | +€262,799 | +21.5% |
| Cash at bank and in hand | 54/58 | €2,394,502 | €2,086,164 | -€308,338 | -12.9% |
| Deferred charges and accrued income | 490/1 | €1,032,148 | €2,184,453 | +€1.2m | +111.6% |
| Total equity and liabilities | 10/49 | €19,378,697 | €20,861,529 | +€1.5m | +7.7% |
| Equity | 10/15 | €7,462,772 | €7,466,911 | +€4,138 | +0.1% |
| Contributions | 10/11 | €1,492,417 | €1,492,417 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Outside capital | 11 | €892,417 | €892,417 | = | 0.0% |
| Share premium | 1100/10 | €892,417 | €892,417 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,910,355 | €5,914,494 | +€4,138 | +0.1% |
| Provisions and deferred taxes | 16 | €665,639 | €849,865 | +€184,226 | +27.7% |
| Provisions for liabilities and charges | 160/5 | €665,639 | €849,865 | +€184,226 | +27.7% |
| Other liabilities and charges | 164/5 | €665,639 | €849,865 | +€184,226 | +27.7% |
| Amounts payable | 17/49 | €11,250,286 | €12,544,754 | +€1.3m | +11.5% |
| Amounts payable after more than one year | 17 | €1,080,000 | €1,000,000 | -€80,000 | -7.4% |
| Financial debts | 170/4 | €1,080,000 | €1,000,000 | -€80,000 | -7.4% |
| Credit institutions | 173 | €80,000 | €0 | -€80,000 | -100.0% |
| Other loans | 174 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,703,896 | €11,050,571 | +€1.3m | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €165,000 | €80,000 | -€85,000 | -51.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,470,331 | €8,723,687 | +€253,356 | +3.0% |
| Suppliers | 440/4 | €8,470,331 | €8,723,687 | +€253,356 | +3.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €868,376 | €1,161,898 | +€293,522 | +33.8% |
| Taxes | 450/3 | €210,696 | €315,866 | +€105,170 | +49.9% |
| Remuneration and social security | 454/9 | €657,679 | €846,031 | +€188,352 | +28.6% |
| Other amounts payable | 47/48 | €200,190 | €1,084,987 | +€884,797 | +442.0% |
| Accrued charges and deferred income | 492/3 | €466,390 | €494,183 | +€27,793 | +6.0% |
| Operating income | 70/76A | €20,874,502 | €22,398,069 | +€1.5m | +7.3% |
| Turnover | 70 | €20,582,578 | €22,065,213 | +€1.5m | +7.2% |
| Other operating income | 74 | €283,107 | €332,518 | +€49,411 | +17.5% |
| Non-recurring operating income | 76A | €8,817 | €339 | -€8,479 | -96.2% |
| Operating charges | 60/66A | €19,688,080 | €21,108,455 | +€1.4m | +7.2% |
| Services and other goods | 61 | €12,949,384 | €14,284,577 | +€1.3m | +10.3% |
| Remuneration, social security and pensions | 62 | €4,470,386 | €5,026,172 | +€555,786 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,497,637 | €1,553,177 | +€55,540 | +3.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €665,639 | €184,226 | -€481,413 | -72.3% |
| Other operating charges | 640/8 | €47,155 | €25,150 | -€22,005 | -46.7% |
| Non-recurring operating charges | 66A | €57,878 | €35,153 | -€22,725 | -39.3% |
| Operating profit (loss) | 9901 | €1,186,422 | €1,289,615 | +€103,193 | +8.7% |
| Financial income | 75/76B | €40,076 | €53,031 | +€12,954 | +32.3% |
| Recurring financial income | 75 | €40,076 | €53,031 | +€12,954 | +32.3% |
| Income from financial fixed assets | 750 | €19,068 | €10,692 | -€8,376 | -43.9% |
| Other financial income | 752/9 | €21,008 | €42,338 | +€21,330 | +101.5% |
| Financial charges | 65/66B | €48,045 | €26,703 | -€21,342 | -44.4% |
| Recurring financial charges | 65 | €48,045 | €26,703 | -€21,342 | -44.4% |
| Debt charges | 650 | €24,730 | €3,306 | -€21,424 | -86.6% |
| Other financial charges | 652/9 | €23,315 | €23,397 | +€83 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €1,178,453 | €1,315,943 | +€137,489 | +11.7% |
| Income taxes | 67/77 | €381,886 | €411,804 | +€29,918 | +7.8% |
| Taxes | 670/3 | €381,886 | €411,804 | +€29,918 | +7.8% |
| Profit (loss) for the period | 9904 | €796,568 | €904,138 | +€107,571 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €796,568 | €904,138 | +€107,571 | +13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.