AEDIFICO: 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.
AEDIFICO
Largest movements
- Current investments -€14,000
no longer reported in 2025 (was €14,000)
- Receivables within one year -€12,931
down €12,931 (-37.4%), from €34,546 to €21,614
of which Trade receivables: -€14,779
- Deferred charges and accrued income +€2,971
up €2,971 (+97.5%), from €3,046 to €6,017
- Tangible fixed assets -€2,090
down €2,090 (-6.6%), from €31,874 to €29,784
of which Plant, machinery and equipment: -€2,695
- Cash -€1,481
down €1,481 (-6.2%), from €23,797 to €22,316
mainly Net result for the year (-€22,614) and Tax, wage and social debts (-€7,502)
- Profit (loss) carried forward -€20,754
new in 2025: -€20,754
- Tax, wage and social debts -€7,502
down €7,502 (-72.3%), from €10,381 to €2,879
- Other debts +€2,068
up €2,068 (+140.4%), from €1,473 to €3,541
- Reserves -€1,860
down €1,860 (-2.3%), from €82,279 to €80,419
- Gross operating margin -€46,982
down €46,982, from €34,777 to -€12,204
- Taxes -€10,334
down €10,334 (-96.4%), from €10,722 to €388
- Financial charges +€2,291
up €2,291 (+786.5%), from €291 to €2,582
- Financial income +€1,390
up €1,390 (+292.1%), from €476 to €1,866
- Other operating charges +€392
up €392 (+55.8%), from €702 to €1,093
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,262 | €79,732 | -€27,531 | -25.7% |
| Fixed assets | 21/28 | €31,874 | €29,784 | -€2,090 | -6.6% |
| Tangible fixed assets | 22/27 | €31,874 | €29,784 | -€2,090 | -6.6% |
| Plant, machinery and equipment | 23 | €5,733 | €3,038 | -€2,695 | -47.0% |
| Furniture and vehicles | 24 | €8,378 | €8,130 | -€248 | -3.0% |
| Other tangible fixed assets | 26 | €17,763 | €18,616 | +€853 | +4.8% |
| Current assets | 29/58 | €75,389 | €49,948 | -€25,441 | -33.7% |
| Amounts receivable within one year | 40/41 | €34,546 | €21,614 | -€12,931 | -37.4% |
| Trade receivables | 40 | €33,782 | €19,002 | -€14,779 | -43.7% |
| Other amounts receivable | 41 | €764 | €2,612 | +€1,848 | +241.9% |
| Current investments | 50/53 | €14,000 | - | -€14,000 | |
| Cash at bank and in hand | 54/58 | €23,797 | €22,316 | -€1,481 | -6.2% |
| Deferred charges and accrued income | 490/1 | €3,046 | €6,017 | +€2,971 | +97.5% |
| Total equity and liabilities | 10/49 | €107,262 | €79,732 | -€27,531 | -25.7% |
| Equity | 10/15 | €88,479 | €65,865 | -€22,614 | -25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,279 | €80,419 | -€1,860 | -2.3% |
| Distributable reserves | 133 | €82,279 | €80,419 | -€1,860 | -2.3% |
| Profit (loss) carried forward | 14 | - | -€20,754 | -€20,754 | |
| Amounts payable | 17/49 | €18,784 | €13,867 | -€4,916 | -26.2% |
| Amounts payable within one year | 42/48 | €18,784 | €13,792 | -€4,992 | -26.6% |
| Trade debts | 44 | €6,929 | €7,372 | +€443 | +6.4% |
| Suppliers | 440/4 | €6,929 | €7,372 | +€443 | +6.4% |
| Taxes, remuneration and social security | 45 | €10,381 | €2,879 | -€7,502 | -72.3% |
| Taxes | 450/3 | €10,381 | €2,879 | -€7,502 | -72.3% |
| Other amounts payable | 47/48 | €1,473 | €3,541 | +€2,068 | +140.4% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,389 | €8,213 | -€177 | -2.1% |
| Other operating charges | 640/8 | €702 | €1,093 | +€392 | +55.8% |
| Gross operating margin | 9900 | €34,777 | -€12,204 | -€46,982 | |
| Operating profit (loss) | 9901 | €25,686 | -€21,510 | -€47,197 | |
| Financial income | 75/76B | €476 | €1,866 | +€1,390 | +292.1% |
| Recurring financial income | 75 | €476 | €1,866 | +€1,390 | +292.1% |
| Financial charges | 65/66B | €291 | €2,582 | +€2,291 | +786.5% |
| Recurring financial charges | 65 | €291 | €2,582 | +€2,291 | +786.5% |
| Profit (loss) for the period before taxes | 9903 | €25,871 | -€22,226 | -€48,097 | |
| Income taxes | 67/77 | €10,722 | €388 | -€10,334 | -96.4% |
| Profit (loss) for the period | 9904 | €15,149 | -€22,614 | -€37,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,149 | -€22,614 | -€37,763 |
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 8 October 2026 via checked.be.