AEK GROUP: 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.
AEK GROUP
Largest movements
- Financial fixed assets +€5,420
up €5,420 (+31.4%), from €17,253 to €22,673
- Cash +€5,169
up €5,169 (+93.4%), from €5,533 to €10,701
mainly Net result for the year (+€33,623) and Tax, wage and social debts (+€6,916)
- Receivables within one year -€2,354
down €2,354 (-6.2%), from €37,903 to €35,550
of which Trade receivables: -€18,860
- Profit (loss) carried forward +€33,623
up €33,623 (+188.0%), from €17,889 to €51,512
- Other debts -€31,872
down €31,872 (-85.7%), from €37,187 to €5,315
- Tax, wage and social debts +€6,916
up €6,916 (+202.2%), from €3,420 to €10,336
- Gross operating margin +€49,117
up €49,117 (+61.2%), from €80,208 to €129,325
- Staff costs +€26,586
up €26,586 (+47.2%), from €56,298 to €82,884
- Taxes +€5,055
up €5,055 (+147.8%), from €3,420 to €8,475
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 | €60,690 | €68,924 | +€8,235 | +13.6% |
| Fixed assets | 21/28 | €17,253 | €22,673 | +€5,420 | +31.4% |
| Financial fixed assets | 28 | €17,253 | €22,673 | +€5,420 | +31.4% |
| Current assets | 29/58 | €43,436 | €46,251 | +€2,815 | +6.5% |
| Amounts receivable within one year | 40/41 | €37,903 | €35,550 | -€2,354 | -6.2% |
| Trade receivables | 40 | €34,759 | €15,899 | -€18,860 | -54.3% |
| Other amounts receivable | 41 | €3,144 | €19,651 | +€16,507 | +525.1% |
| Cash at bank and in hand | 54/58 | €5,533 | €10,701 | +€5,169 | +93.4% |
| Total equity and liabilities | 10/49 | €60,690 | €68,924 | +€8,235 | +13.6% |
| Equity | 10/15 | €18,889 | €52,512 | +€33,623 | +178.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,889 | €51,512 | +€33,623 | +188.0% |
| Amounts payable | 17/49 | €41,801 | €16,412 | -€25,389 | -60.7% |
| Amounts payable within one year | 42/48 | €41,801 | €16,412 | -€25,389 | -60.7% |
| Trade debts | 44 | €1,194 | €762 | -€433 | -36.2% |
| Suppliers | 440/4 | €1,194 | €762 | -€433 | -36.2% |
| Taxes, remuneration and social security | 45 | €3,420 | €10,336 | +€6,916 | +202.2% |
| Taxes | 450/3 | €3,420 | €10,336 | +€6,916 | +202.2% |
| Other amounts payable | 47/48 | €37,187 | €5,315 | -€31,872 | -85.7% |
| Remuneration, social security and pensions | 62 | €56,298 | €82,884 | +€26,586 | +47.2% |
| Other operating charges | 640/8 | - | €1,069 | +€1,069 | |
| Non-recurring operating charges | 66A | €3,565 | - | -€3,565 | |
| Gross operating margin | 9900 | €80,208 | €129,325 | +€49,117 | +61.2% |
| Operating profit (loss) | 9901 | €20,346 | €45,372 | +€25,026 | +123.0% |
| Financial income | 75/76B | - | €355 | +€355 | |
| Recurring financial income | 75 | - | €355 | +€355 | |
| Financial charges | 65/66B | €3,247 | €3,629 | +€382 | +11.8% |
| Recurring financial charges | 65 | €3,247 | €3,629 | +€382 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €17,099 | €42,098 | +€25,000 | +146.2% |
| Income taxes | 67/77 | €3,420 | €8,475 | +€5,055 | +147.8% |
| Profit (loss) for the period | 9904 | €13,679 | €33,623 | +€19,945 | +145.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,679 | €33,623 | +€19,945 | +145.8% |
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 7 October 2026 via checked.be.