AEGEERCO: 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.
AEGEERCO
Largest movements
- Tangible fixed assets +€67,355
new in 2025: €67,355
- Cash +€15,562
up €15,562 (+111%), from €14,016 to €29,578
mainly Other debts (+€65,061) and Net result for the year (+€23,353)
- Receivables within one year +€12,555
up €12,555 (+17,486%), from €72 to €12,627
of which Trade receivables: +€12,603
- Other debts +€65,061
up €65,061 (+7.2%), from €905,767 to €970,828
- Profit (loss) carried forward +€23,353
up €23,353 (+1.5%), from -€1.6m to -€1.5m
- Tax, wage and social debts +€7,917
new in 2025: €7,917
- Write-downs -€1.5m
no longer reported in 2025 (was €1.5m)
- Gross operating margin +€51,894
up €51,894, from -€1,659 to €50,235
- Financial charges -€6,469
down €6,469 (-24.5%), from €26,458 to €19,989
- Depreciation +€5,901
new in 2025: €5,901
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 | €14,088 | €110,646 | +€96,559 | +685% |
| Fixed assets | 21/28 | - | €67,355 | +€67,355 | |
| Tangible fixed assets | 22/27 | - | €67,355 | +€67,355 | |
| Furniture and vehicles | 24 | - | €67,355 | +€67,355 | |
| Current assets | 29/58 | €14,088 | €43,291 | +€29,204 | +207% |
| Amounts receivable within one year | 40/41 | €72 | €12,627 | +€12,555 | +17,486% |
| Trade receivables | 40 | - | €12,603 | +€12,603 | |
| Other amounts receivable | 41 | €72 | €23 | -€48 | -67.3% |
| Cash at bank and in hand | 54/58 | €14,016 | €29,578 | +€15,562 | +111% |
| Deferred charges and accrued income | 490/1 | - | €1,087 | +€1,087 | |
| Total equity and liabilities | 10/49 | €14,088 | €110,646 | +€96,559 | +685% |
| Equity | 10/15 | -€1,391,679 | -€1,368,326 | +€23,353 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,744 | €145,744 | = | 0.0% |
| Distributable reserves | 133 | €145,744 | €145,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,556,023 | -€1,532,670 | +€23,353 | +1.5% |
| Amounts payable | 17/49 | €1,405,767 | €1,478,972 | +€73,205 | +5.2% |
| Amounts payable within one year | 42/48 | €1,405,767 | €1,478,972 | +€73,205 | +5.2% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Other loans | 439 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | - | €227 | +€227 | |
| Suppliers | 440/4 | - | €227 | +€227 | |
| Taxes, remuneration and social security | 45 | - | €7,917 | +€7,917 | |
| Taxes | 450/3 | - | €7,917 | +€7,917 | |
| Other amounts payable | 47/48 | €905,767 | €970,828 | +€65,061 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,901 | +€5,901 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,489,997 | - | -€1.5m | |
| Other operating charges | 640/8 | €1,130 | €1,060 | -€69 | -6.1% |
| Gross operating margin | 9900 | -€1,659 | €50,235 | +€51,894 | |
| Operating profit (loss) | 9901 | -€1,492,786 | €43,274 | +€1.5m | |
| Financial income | 75/76B | €229 | €68 | -€161 | -70.2% |
| Recurring financial income | 75 | €229 | €68 | -€161 | -70.2% |
| Financial charges | 65/66B | €26,458 | €19,989 | -€6,469 | -24.5% |
| Recurring financial charges | 65 | €26,458 | €19,989 | -€6,469 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,519,014 | €23,353 | +€1.5m | |
| Profit (loss) for the period | 9904 | -€1,519,014 | €23,353 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,519,014 | €23,353 | +€1.5m |
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.