AEF: 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.
AEF
Largest movements
- Tangible fixed assets +€5,829
up €5,829 (+89.3%), from €6,530 to €12,359
- Receivables within one year +€5,600
up €5,600 (+21.0%), from €26,711 to €32,311
of which Other amounts receivable: +€7,990
- Financial fixed assets -€3,000
no longer reported in 2024 (was €3,000)
- Cash +€2,279
up €2,279 (+95.3%), from €2,391 to €4,670
mainly Current portion of long-term debt (+€5,269) and Tax, wage and social debts (+€4,699)
- Deferred charges and accrued income +€726
up €726 (+403.2%), from €180 to €906
- Profit (loss) carried forward -€26,473
no longer reported in 2024 (was €26,473)
- Reserves +€24,713
new in 2024: €24,713
- Current portion of long-term debt +€5,269
new in 2024: €5,269
- Tax, wage and social debts +€4,699
up €4,699 (+55.3%), from €8,497 to €13,196
- Trade debts +€2,346
up €2,346 (+127.3%), from €1,843 to €4,189
- Gross operating margin +€12,942
up €12,942, from -€314 to €12,629
- Taxes -€2,486
down €2,486 (-23.5%), from €10,567 to €8,081
- Depreciation +€2,249
up €2,249 (+132.5%), from €1,697 to €3,946
- Other operating charges -€1,474
down €1,474 (-49.2%), from €2,996 to €1,522
- Financial income +€1,164
up €1,164 (+77606.7%), from €2 to €1,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,813 | €50,246 | +€11,433 | +29.5% |
| Fixed assets | 21/28 | €9,530 | €12,359 | +€2,829 | +29.7% |
| Tangible fixed assets | 22/27 | €6,530 | €12,359 | +€5,829 | +89.3% |
| Furniture and vehicles | 24 | €6,530 | €12,359 | +€5,829 | +89.3% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €29,282 | €37,887 | +€8,605 | +29.4% |
| Amounts receivable within one year | 40/41 | €26,711 | €32,311 | +€5,600 | +21.0% |
| Trade receivables | 40 | €8,905 | €6,515 | -€2,390 | -26.8% |
| Other amounts receivable | 41 | €17,806 | €25,796 | +€7,990 | +44.9% |
| Cash at bank and in hand | 54/58 | €2,391 | €4,670 | +€2,279 | +95.3% |
| Deferred charges and accrued income | 490/1 | €180 | €906 | +€726 | +403.2% |
| Total equity and liabilities | 10/49 | €38,813 | €50,246 | +€11,433 | +29.5% |
| Equity | 10/15 | €28,473 | €26,713 | -€1,760 | -6.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €24,713 | +€24,713 | |
| Distributable reserves | 133 | - | €24,713 | +€24,713 | |
| Profit (loss) carried forward | 14 | €26,473 | - | -€26,473 | |
| Amounts payable | 17/49 | €10,340 | €23,533 | +€13,193 | +127.6% |
| Amounts payable within one year | 42/48 | €10,340 | €22,654 | +€12,314 | +119.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,269 | +€5,269 | |
| Trade debts | 44 | €1,843 | €4,189 | +€2,346 | +127.3% |
| Suppliers | 440/4 | €1,843 | €4,189 | +€2,346 | +127.3% |
| Taxes, remuneration and social security | 45 | €8,497 | €13,196 | +€4,699 | +55.3% |
| Taxes | 450/3 | €8,497 | €13,196 | +€4,699 | +55.3% |
| Accrued charges and deferred income | 492/3 | - | €879 | +€879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,697 | €3,946 | +€2,249 | +132.5% |
| Other operating charges | 640/8 | €2,996 | €1,522 | -€1,474 | -49.2% |
| Gross operating margin | 9900 | -€314 | €12,629 | +€12,942 | |
| Operating profit (loss) | 9901 | -€5,007 | €7,161 | +€12,167 | |
| Financial income | 75/76B | €2 | €1,166 | +€1,164 | +77606.7% |
| Recurring financial income | 75 | €2 | €1,166 | +€1,164 | +77606.7% |
| Financial charges | 65/66B | €1,044 | €2,005 | +€961 | +92.0% |
| Recurring financial charges | 65 | €1,044 | €2,005 | +€961 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,049 | €6,321 | +€12,371 | |
| Income taxes | 67/77 | €10,567 | €8,081 | -€2,486 | -23.5% |
| Profit (loss) for the period | 9904 | -€16,616 | -€1,760 | +€14,856 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,616 | -€1,760 | +€14,856 | +89.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.