AELBRECHT: 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.
AELBRECHT
Largest movements
- Cash +€5,695
up €5,695 (+9.6%), from €59,438 to €65,132
mainly Net result for the year (+€3,923) and Tax, wage and social debts (+€3,893)
- Deferred charges and accrued income -€2,911
down €2,911 (-59.3%), from €4,908 to €1,997
- Financial fixed assets +€1,200
new in 2025: €1,200
- Receivables within one year +€1,106
up €1,106 (+15.9%), from €6,941 to €8,046
of which Trade receivables: +€1,395
- Reserves +€3,920
up €3,920 (+9.4%), from €41,730 to €45,650
- Tax, wage and social debts +€3,893
up €3,893 (+62.7%), from €6,205 to €10,099
- Other debts -€1,311
down €1,311 (-44.0%), from €2,981 to €1,670
- Gross operating margin +€3,113
up €3,113 (+48.2%), from €6,458 to €9,571
- Taxes +€1,533
up €1,533 (+168.0%), from €912 to €2,445
- Financial charges +€249
up €249 (+11.7%), from €2,128 to €2,377
- Other operating charges -€130
down €130 (-13.6%), from €955 to €826
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 | €79,823 | €85,686 | +€5,863 | +7.3% |
| Fixed assets | 21/28 | - | €1,200 | +€1,200 | |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €79,823 | €84,486 | +€4,663 | +5.8% |
| Stocks and contracts in progress | 3 | €8,537 | €9,310 | +€774 | +9.1% |
| Stocks | 30/36 | €8,537 | €9,310 | +€774 | +9.1% |
| Amounts receivable within one year | 40/41 | €6,941 | €8,046 | +€1,106 | +15.9% |
| Trade receivables | 40 | €6,016 | €7,411 | +€1,395 | +23.2% |
| Other amounts receivable | 41 | €925 | €635 | -€290 | -31.3% |
| Cash at bank and in hand | 54/58 | €59,438 | €65,132 | +€5,695 | +9.6% |
| Deferred charges and accrued income | 490/1 | €4,908 | €1,997 | -€2,911 | -59.3% |
| Total equity and liabilities | 10/49 | €79,823 | €85,686 | +€5,863 | +7.3% |
| Equity | 10/15 | €67,823 | €71,746 | +€3,923 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,730 | €45,650 | +€3,920 | +9.4% |
| Distributable reserves | 133 | €41,730 | €45,650 | +€3,920 | +9.4% |
| Profit (loss) carried forward | 14 | €7,493 | €7,496 | +€3 | 0.0% |
| Amounts payable | 17/49 | €12,000 | €13,940 | +€1,940 | +16.2% |
| Amounts payable within one year | 42/48 | €12,000 | €13,940 | +€1,940 | +16.2% |
| Trade debts | 44 | €2,813 | €2,171 | -€643 | -22.8% |
| Suppliers | 440/4 | €2,813 | €2,171 | -€643 | -22.8% |
| Taxes, remuneration and social security | 45 | €6,205 | €10,099 | +€3,893 | +62.7% |
| Taxes | 450/3 | €6,205 | €10,099 | +€3,893 | +62.7% |
| Other amounts payable | 47/48 | €2,981 | €1,670 | -€1,311 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | - | -€41 | |
| Other operating charges | 640/8 | €955 | €826 | -€130 | -13.6% |
| Gross operating margin | 9900 | €6,458 | €9,571 | +€3,113 | +48.2% |
| Operating profit (loss) | 9901 | €5,461 | €8,745 | +€3,284 | +60.1% |
| Financial charges | 65/66B | €2,128 | €2,377 | +€249 | +11.7% |
| Recurring financial charges | 65 | €2,128 | €2,377 | +€249 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €3,333 | €6,368 | +€3,035 | +91.1% |
| Income taxes | 67/77 | €912 | €2,445 | +€1,533 | +168.0% |
| Profit (loss) for the period | 9904 | €2,421 | €3,923 | +€1,502 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,421 | €3,923 | +€1,502 | +62.1% |
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 5 October 2026 via checked.be.