AEDIMAR: 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.
AEDIMAR
Largest movements
- Stocks and contracts +€728,589
up €728,589 (+207.5%), from €351,184 to €1.1m
- Receivables within one year -€462,141
down €462,141 (-80.1%), from €577,010 to €114,869
of which Other amounts receivable: -€351,394
- Cash -€292,383
down €292,383 (-91.6%), from €319,128 to €26,745
mainly Stocks and contracts (-€728,589) and Other debts (-€544,665)
- Deferred charges and accrued income -€115,333
down €115,333 (-67.6%), from €170,638 to €55,306
- Other debts -€544,665
down €544,665 (-62.9%), from €866,016 to €321,350
- Short-term financial debts +€165,750
new in 2025: €165,750
- Trade debts +€132,745
up €132,745 (+119.9%), from €110,732 to €243,478
- Tax, wage and social debts +€95,205
up €95,205 (+467.5%), from €20,363 to €115,568
of which Taxes: +€95,048
- Profit (loss) carried forward +€71,607
up €71,607 (+47.1%), from €152,074 to €223,681
- Gross operating margin +€191,532
up €191,532, from -€94,680 to €96,852
- Financial income +€71,233
up €71,233 (+197.7%), from €36,027 to €107,260
- Financial charges +€39,029
up €39,029 (+68.6%), from €56,904 to €95,932
- Other operating charges +€2,327
new in 2025: €2,327
- Staff costs +€2,218
up €2,218 (+7.0%), from €31,902 to €34,120
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 | €1,424,586 | €1,289,693 | -€134,893 | -9.5% |
| Fixed assets | 21/28 | €6,625 | €13,000 | +€6,375 | +96.2% |
| Tangible fixed assets | 22/27 | €125 | €0 | -€125 | -100.0% |
| Plant, machinery and equipment | 23 | €125 | €0 | -€125 | -100.0% |
| Financial fixed assets | 28 | €6,500 | €13,000 | +€6,500 | +100.0% |
| Current assets | 29/58 | €1,417,961 | €1,276,693 | -€141,268 | -10.0% |
| Stocks and contracts in progress | 3 | €351,184 | €1,079,773 | +€728,589 | +207.5% |
| Stocks | 30/36 | €351,184 | €1,079,773 | +€728,589 | +207.5% |
| Amounts receivable within one year | 40/41 | €577,010 | €114,869 | -€462,141 | -80.1% |
| Trade receivables | 40 | €125,739 | €14,992 | -€110,747 | -88.1% |
| Other amounts receivable | 41 | €451,271 | €99,877 | -€351,394 | -77.9% |
| Cash at bank and in hand | 54/58 | €319,128 | €26,745 | -€292,383 | -91.6% |
| Deferred charges and accrued income | 490/1 | €170,638 | €55,306 | -€115,333 | -67.6% |
| Total equity and liabilities | 10/49 | €1,424,586 | €1,289,693 | -€134,893 | -9.5% |
| Equity | 10/15 | €220,274 | €291,881 | +€71,607 | +32.5% |
| 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% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,074 | €223,681 | +€71,607 | +47.1% |
| Amounts payable | 17/49 | €1,204,312 | €997,812 | -€206,500 | -17.1% |
| Amounts payable within one year | 42/48 | €1,203,777 | €997,812 | -€205,965 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €6,667 | -€0 | 0.0% |
| Financial debts | 43 | - | €165,750 | +€165,750 | |
| Credit institutions | 430/8 | - | €165,750 | +€165,750 | |
| Trade debts | 44 | €110,732 | €243,478 | +€132,745 | +119.9% |
| Suppliers | 440/4 | €110,732 | €243,478 | +€132,745 | +119.9% |
| Advances received on contracts in progress | 46 | €200,000 | €145,000 | -€55,000 | -27.5% |
| Taxes, remuneration and social security | 45 | €20,363 | €115,568 | +€95,205 | +467.5% |
| Taxes | 450/3 | €15,968 | €111,016 | +€95,048 | +595.2% |
| Remuneration and social security | 454/9 | €4,394 | €4,552 | +€157 | +3.6% |
| Other amounts payable | 47/48 | €866,016 | €321,350 | -€544,665 | -62.9% |
| Accrued charges and deferred income | 492/3 | €534 | - | -€534 | |
| Remuneration, social security and pensions | 62 | €31,902 | €34,120 | +€2,218 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €125 | -€438 | -77.8% |
| Other operating charges | 640/8 | - | €2,327 | +€2,327 | |
| Gross operating margin | 9900 | -€94,680 | €96,852 | +€191,532 | |
| Operating profit (loss) | 9901 | -€127,145 | €60,280 | +€187,425 | |
| Financial income | 75/76B | €36,027 | €107,260 | +€71,233 | +197.7% |
| Recurring financial income | 75 | €36,027 | €107,260 | +€71,233 | +197.7% |
| Financial charges | 65/66B | €56,904 | €95,932 | +€39,029 | +68.6% |
| Recurring financial charges | 65 | €56,904 | €95,932 | +€39,029 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€148,022 | €71,607 | +€219,629 | |
| Profit (loss) for the period | 9904 | -€148,022 | €71,607 | +€219,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148,022 | €71,607 | +€219,629 |
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 30 September 2026 via checked.be.