AEDES ACADEMY: 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 ACADEMY
Largest movements
- Deferred charges and accrued income -€28,286
down €28,286 (-75.0%), from €37,737 to €9,452
- Cash -€6,551
down €6,551 (-44.7%), from €14,650 to €8,098
mainly Debts after one year (-€50,000) and Trade debts (-€45,984)
- Tangible fixed assets -€3,399
down €3,399 (-80.4%), from €4,227 to €828
of which Other tangible fixed assets: -€2,768
- Receivables within one year -€1,418
down €1,418 (-7.3%), from €19,444 to €18,027
- Debts after one year -€50,000
down €50,000 (-32.7%), from €153,000 to €103,000
- Trade debts -€45,984
down €45,984 (-100%), from €45,984 to €0
- Other debts +€33,000
up €33,000 (+62.3%), from €53,000 to €86,000
- Accrued charges and deferred income +€16,469
up €16,469 (+41.3%), from €39,890 to €56,359
- Profit (loss) carried forward +€11,305
up €11,305 (+4.0%), from -€285,969 to -€274,663
- Gross operating margin -€9,014
down €9,014 (-31.0%), from €29,116 to €20,102
- Financial charges -€988
down €988 (-18.0%), from €5,504 to €4,515
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 | €76,376 | €36,495 | -€39,881 | -52.2% |
| Fixed assets | 21/28 | €4,545 | €918 | -€3,627 | -79.8% |
| Intangible fixed assets | 21 | €318 | €90 | -€228 | -71.7% |
| Tangible fixed assets | 22/27 | €4,227 | €828 | -€3,399 | -80.4% |
| Plant, machinery and equipment | 23 | €1,458 | €828 | -€630 | -43.2% |
| Other tangible fixed assets | 26 | €2,768 | €0 | -€2,768 | -100% |
| Current assets | 29/58 | €71,831 | €35,577 | -€36,254 | -50.5% |
| Amounts receivable within one year | 40/41 | €19,444 | €18,027 | -€1,418 | -7.3% |
| Trade receivables | 40 | €19,444 | €18,027 | -€1,418 | -7.3% |
| Cash at bank and in hand | 54/58 | €14,650 | €8,098 | -€6,551 | -44.7% |
| Deferred charges and accrued income | 490/1 | €37,737 | €9,452 | -€28,286 | -75.0% |
| Total equity and liabilities | 10/49 | €76,376 | €36,495 | -€39,881 | -52.2% |
| Equity | 10/15 | -€223,969 | -€212,663 | +€11,305 | +5.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,969 | -€274,663 | +€11,305 | +4.0% |
| Amounts payable | 17/49 | €300,344 | €249,158 | -€51,186 | -17.0% |
| Amounts payable after more than one year | 17 | €153,000 | €103,000 | -€50,000 | -32.7% |
| Financial debts | 170/4 | €153,000 | €103,000 | -€50,000 | -32.7% |
| Amounts payable within one year | 42/48 | €107,455 | €89,799 | -€17,655 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €45,984 | €0 | -€45,984 | -100% |
| Suppliers | 440/4 | €45,984 | €0 | -€45,984 | -100% |
| Taxes, remuneration and social security | 45 | €8,471 | €3,799 | -€4,672 | -55.1% |
| Taxes | 450/3 | €8,471 | €3,799 | -€4,672 | -55.1% |
| Other amounts payable | 47/48 | €53,000 | €86,000 | +€33,000 | +62.3% |
| Accrued charges and deferred income | 492/3 | €39,890 | €56,359 | +€16,469 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,627 | €3,627 | = | 0.0% |
| Other operating charges | 640/8 | €944 | €655 | -€290 | -30.7% |
| Gross operating margin | 9900 | €29,116 | €20,102 | -€9,014 | -31.0% |
| Operating profit (loss) | 9901 | €24,545 | €15,820 | -€8,724 | -35.5% |
| Financial charges | 65/66B | €5,504 | €4,515 | -€988 | -18.0% |
| Recurring financial charges | 65 | €5,504 | €4,515 | -€988 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €19,041 | €11,305 | -€7,736 | -40.6% |
| Profit (loss) for the period | 9904 | €19,041 | €11,305 | -€7,736 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,041 | €11,305 | -€7,736 | -40.6% |
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 18 October 2026 via checked.be.