AEGW: 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.
AEGW
Largest movements
- Tangible fixed assets -€14,056
down €14,056 (-35.3%), from €39,839 to €25,783
of which Furniture and vehicles: -€13,963
- Cash +€5,140
up €5,140 (+13.8%), from €37,353 to €42,493
mainly Depreciation (+€14,056) and Receivables within one year (+€2,023)
- Receivables within one year -€2,023
down €2,023 (-52.5%), from €3,856 to €1,833
of which Trade receivables: -€2,816
- Deferred charges and accrued income -€1,517
no longer reported in 2025 (was €1,517)
- Stocks and contracts -€1,332
down €1,332 (-28.4%), from €4,693 to €3,362
- Tax, wage and social debts -€8,085
down €8,085 (-85.9%), from €9,406 to €1,322
- Debts after one year -€4,906
down €4,906 (-32.1%), from €15,268 to €10,361
- Other debts -€1,781
down €1,781 (-10.1%), from €17,558 to €15,777
- Reserves +€1,117
up €1,117 (+3.5%), from €32,244 to €33,362
- Trade debts -€942
down €942 (-15.6%), from €6,049 to €5,107
- Gross operating margin +€11,451
up €11,451 (+207.5%), from €5,520 to €16,970
- Depreciation +€10,515
up €10,515 (+297.0%), from €3,541 to €14,056
- Financial charges +€555
up €555 (+169.8%), from €327 to €881
- Taxes +€256
up €256 (+47.1%), from €544 to €799
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 | €87,258 | €73,471 | -€13,788 | -15.8% |
| Fixed assets | 21/28 | €39,839 | €25,783 | -€14,056 | -35.3% |
| Tangible fixed assets | 22/27 | €39,839 | €25,783 | -€14,056 | -35.3% |
| Plant, machinery and equipment | 23 | €92 | - | -€92 | |
| Furniture and vehicles | 24 | €39,746 | €25,783 | -€13,963 | -35.1% |
| Current assets | 29/58 | €47,420 | €47,688 | +€268 | +0.6% |
| Stocks and contracts in progress | 3 | €4,693 | €3,362 | -€1,332 | -28.4% |
| Stocks | 30/36 | €4,693 | €3,362 | -€1,332 | -28.4% |
| Amounts receivable within one year | 40/41 | €3,856 | €1,833 | -€2,023 | -52.5% |
| Trade receivables | 40 | €3,856 | €1,040 | -€2,816 | -73.0% |
| Other amounts receivable | 41 | - | €793 | +€793 | |
| Cash at bank and in hand | 54/58 | €37,353 | €42,493 | +€5,140 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,517 | - | -€1,517 | |
| Total equity and liabilities | 10/49 | €87,258 | €73,471 | -€13,788 | -15.8% |
| Equity | 10/15 | €34,245 | €35,362 | +€1,117 | +3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,244 | €33,362 | +€1,117 | +3.5% |
| Distributable reserves | 133 | €32,244 | €33,362 | +€1,117 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €53,014 | €38,109 | -€14,905 | -28.1% |
| Amounts payable after more than one year | 17 | €15,268 | €10,361 | -€4,906 | -32.1% |
| Financial debts | 170/4 | €15,268 | €10,361 | -€4,906 | -32.1% |
| Amounts payable within one year | 42/48 | €37,746 | €27,112 | -€10,634 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €4,732 | €4,906 | +€174 | +3.7% |
| Trade debts | 44 | €6,049 | €5,107 | -€942 | -15.6% |
| Suppliers | 440/4 | €6,049 | €5,107 | -€942 | -15.6% |
| Taxes, remuneration and social security | 45 | €9,406 | €1,322 | -€8,085 | -85.9% |
| Taxes | 450/3 | €9,406 | €1,322 | -€8,085 | -85.9% |
| Other amounts payable | 47/48 | €17,558 | €15,777 | -€1,781 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €636 | +€636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €14,056 | +€10,515 | +297.0% |
| Other operating charges | 640/8 | €168 | €120 | -€48 | -28.6% |
| Gross operating margin | 9900 | €5,520 | €16,970 | +€11,451 | +207.5% |
| Operating profit (loss) | 9901 | €1,811 | €2,795 | +€984 | +54.3% |
| Financial income | 75/76B | €27 | €3 | -€23 | -87.2% |
| Recurring financial income | 75 | €27 | €3 | -€23 | -87.2% |
| Financial charges | 65/66B | €327 | €881 | +€555 | +169.8% |
| Recurring financial charges | 65 | €327 | €881 | +€555 | +169.8% |
| Profit (loss) for the period before taxes | 9903 | €1,511 | €1,917 | +€406 | +26.9% |
| Income taxes | 67/77 | €544 | €799 | +€256 | +47.1% |
| Profit (loss) for the period | 9904 | €967 | €1,117 | +€150 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €967 | €1,117 | +€150 | +15.5% |
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 10 October 2026 via checked.be.