AEF Consult: 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.
AEF Consult
Largest movements
- Cash +€57,674
up €57,674 (+10.8%), from €534,916 to €592,590
mainly Net result for the year (+€167,230) and Tax, wage and social debts (+€35,595)
- Tangible fixed assets -€10,938
down €10,938 (-19.1%), from €57,135 to €46,196
of which Furniture and vehicles: -€13,129
- Profit (loss) carried forward +€167,230
up €167,230 (+167.2%), from €100,000 to €267,230
- Trade debts -€135,817
down €135,817 (-94.8%), from €143,218 to €7,402
- Tax, wage and social debts +€35,595
up €35,595 (+50.0%), from €71,249 to €106,844
of which Taxes: +€35,801
- Other debts -€28,176
down €28,176 (-10.8%), from €261,920 to €233,745
- Gross operating margin +€190,455
up €190,455 (+184.0%), from €103,522 to €293,977
- Taxes +€42,603
up €42,603 (+196.2%), from €21,716 to €64,319
- Other operating charges +€14,046
up €14,046 (+298.9%), from €4,699 to €18,744
- Staff costs +€12,703
up €12,703 (+64.7%), from €19,647 to €32,350
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 | €611,073 | €653,827 | +€42,754 | +7.0% |
| Fixed assets | 21/28 | €57,135 | €46,196 | -€10,938 | -19.1% |
| Tangible fixed assets | 22/27 | €57,135 | €46,196 | -€10,938 | -19.1% |
| Plant, machinery and equipment | 23 | - | €2,191 | +€2,191 | |
| Furniture and vehicles | 24 | €57,135 | €44,005 | -€13,129 | -23.0% |
| Current assets | 29/58 | €553,939 | €607,630 | +€53,692 | +9.7% |
| Amounts receivable within one year | 40/41 | €16,844 | €12,931 | -€3,913 | -23.2% |
| Trade receivables | 40 | €5,939 | €12,931 | +€6,992 | +117.7% |
| Other amounts receivable | 41 | €10,905 | - | -€10,905 | |
| Cash at bank and in hand | 54/58 | €534,916 | €592,590 | +€57,674 | +10.8% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,110 | -€68 | -3.1% |
| Total equity and liabilities | 10/49 | €611,073 | €653,827 | +€42,754 | +7.0% |
| Equity | 10/15 | €134,685 | €301,915 | +€167,230 | +124.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,085 | €16,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,225 | €14,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,000 | €267,230 | +€167,230 | +167.2% |
| Amounts payable | 17/49 | €476,388 | €351,912 | -€124,476 | -26.1% |
| Amounts payable within one year | 42/48 | €476,388 | €347,991 | -€128,397 | -27.0% |
| Trade debts | 44 | €143,218 | €7,402 | -€135,817 | -94.8% |
| Suppliers | 440/4 | €143,218 | €7,402 | -€135,817 | -94.8% |
| Taxes, remuneration and social security | 45 | €71,249 | €106,844 | +€35,595 | +50.0% |
| Taxes | 450/3 | €68,155 | €103,956 | +€35,801 | +52.5% |
| Remuneration and social security | 454/9 | €3,094 | €2,889 | -€206 | -6.6% |
| Other amounts payable | 47/48 | €261,920 | €233,745 | -€28,176 | -10.8% |
| Accrued charges and deferred income | 492/3 | - | €3,921 | +€3,921 | |
| Remuneration, social security and pensions | 62 | €19,647 | €32,350 | +€12,703 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,142 | €11,526 | +€2,384 | +26.1% |
| Other operating charges | 640/8 | €4,699 | €18,744 | +€14,046 | +298.9% |
| Gross operating margin | 9900 | €103,522 | €293,977 | +€190,455 | +184.0% |
| Operating profit (loss) | 9901 | €70,034 | €231,357 | +€161,323 | +230.3% |
| Financial income | 75/76B | €148 | €421 | +€273 | +184.6% |
| Recurring financial income | 75 | €148 | €421 | +€273 | +184.6% |
| Financial charges | 65/66B | €608 | €229 | -€379 | -62.4% |
| Recurring financial charges | 65 | €608 | €229 | -€379 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €69,574 | €231,549 | +€161,975 | +232.8% |
| Income taxes | 67/77 | €21,716 | €64,319 | +€42,603 | +196.2% |
| Profit (loss) for the period | 9904 | €47,858 | €167,230 | +€119,372 | +249.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,858 | €167,230 | +€119,372 | +249.4% |
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 11 October 2026 via checked.be.