AEL 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.
AEL Consult
Largest movements
- Cash +€10,157
up €10,157 (+25.2%), from €40,331 to €50,489
mainly Other debts (+€15,518) and Net result for the year (+€14,672)
- Tangible fixed assets -€8,640
down €8,640 (-38.0%), from €22,719 to €14,080
of which Plant, machinery and equipment: -€7,167
- Receivables within one year +€7,826
up €7,826 (+18.4%), from €42,585 to €50,411
of which Trade receivables: +€7,384
- Deferred charges and accrued income -€2,601
down €2,601 (-98.5%), from €2,640 to €39
- Trade debts -€30,326
down €30,326 (-98.5%), from €30,802 to €476
- Other debts +€15,518
new in 2025: €15,518
- Profit (loss) carried forward +€14,672
up €14,672 (+30.5%), from €48,155 to €62,826
- Accrued charges and deferred income +€7,920
new in 2025: €7,920
- Current portion of long-term debt -€1,566
down €1,566 (-23.5%), from €6,667 to €5,101
- Gross operating margin -€34,435
down €34,435 (-47.5%), from €72,494 to €38,060
- Depreciation -€1,143
down €1,143 (-12.3%), from €9,282 to €8,139
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 | €108,276 | €115,018 | +€6,742 | +6.2% |
| Fixed assets | 21/28 | €22,719 | €14,080 | -€8,640 | -38.0% |
| Tangible fixed assets | 22/27 | €22,719 | €14,080 | -€8,640 | -38.0% |
| Plant, machinery and equipment | 23 | €14,333 | €7,167 | -€7,167 | -50.0% |
| Furniture and vehicles | 24 | €2,116 | €1,616 | -€500 | -23.6% |
| Other tangible fixed assets | 26 | €6,270 | €5,297 | -€973 | -15.5% |
| Current assets | 29/58 | €85,557 | €100,938 | +€15,382 | +18.0% |
| Amounts receivable within one year | 40/41 | €42,585 | €50,411 | +€7,826 | +18.4% |
| Trade receivables | 40 | €35,826 | €43,210 | +€7,384 | +20.6% |
| Other amounts receivable | 41 | €6,759 | €7,201 | +€442 | +6.5% |
| Cash at bank and in hand | 54/58 | €40,331 | €50,489 | +€10,157 | +25.2% |
| Deferred charges and accrued income | 490/1 | €2,640 | €39 | -€2,601 | -98.5% |
| Total equity and liabilities | 10/49 | €108,276 | €115,018 | +€6,742 | +6.2% |
| Equity | 10/15 | €70,115 | €84,786 | +€14,672 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,360 | €3,360 | = | 0.0% |
| Distributable reserves | 133 | €3,360 | €3,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,155 | €62,826 | +€14,672 | +30.5% |
| Amounts payable | 17/49 | €38,161 | €30,232 | -€7,929 | -20.8% |
| Amounts payable within one year | 42/48 | €38,161 | €22,312 | -€15,849 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €5,101 | -€1,566 | -23.5% |
| Trade debts | 44 | €30,802 | €476 | -€30,326 | -98.5% |
| Suppliers | 440/4 | €30,802 | €476 | -€30,326 | -98.5% |
| Taxes, remuneration and social security | 45 | €692 | €1,217 | +€525 | +75.8% |
| Taxes | 450/3 | €692 | €1,217 | +€525 | +75.8% |
| Other amounts payable | 47/48 | - | €15,518 | +€15,518 | |
| Accrued charges and deferred income | 492/3 | - | €7,920 | +€7,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,282 | €8,139 | -€1,143 | -12.3% |
| Other operating charges | 640/8 | - | €601 | +€601 | |
| Gross operating margin | 9900 | €72,494 | €38,060 | -€34,435 | -47.5% |
| Operating profit (loss) | 9901 | €63,212 | €29,319 | -€33,893 | -53.6% |
| Financial income | 75/76B | €10 | €171 | +€161 | +1,612% |
| Recurring financial income | 75 | €10 | €171 | +€161 | +1,612% |
| Financial charges | 65/66B | €1,361 | €1,153 | -€208 | -15.3% |
| Recurring financial charges | 65 | €1,361 | €1,153 | -€208 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €61,861 | €28,337 | -€33,524 | -54.2% |
| Income taxes | 67/77 | €13,707 | €13,666 | -€41 | -0.3% |
| Profit (loss) for the period | 9904 | €48,155 | €14,672 | -€33,483 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,155 | €14,672 | -€33,483 | -69.5% |
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 19 October 2026 via checked.be.