AELBRECHT Erik: 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.
AELBRECHT Erik
Largest movements
- Cash -€7,862
down €7,862 (-95.8%), from €8,204 to €342
mainly Tax, wage and social debts (-€4,936) and Trade debts (-€4,863)
- Deferred charges and accrued income -€3,013
down €3,013 (-90.3%), from €3,338 to €325
- Receivables within one year -€1,532
down €1,532 (-10.2%), from €15,000 to €13,468
of which Trade receivables: -€7,292
- Tax, wage and social debts -€4,936
down €4,936 (-67.3%), from €7,337 to €2,401
of which Remuneration and social security: -€3,914
- Trade debts -€4,863
down €4,863 (-34.7%), from €13,997 to €9,134
- Profit (loss) carried forward -€2,335
down €2,335 (-2.9%), from -€79,309 to -€81,644
- Staff costs -€15,627
down €15,627 (-39.0%), from €40,098 to €24,471
- Gross operating margin -€14,279
down €14,279 (-33.1%), from €43,116 to €28,837
- Depreciation -€2,678
down €2,678 (-51.8%), from €5,168 to €2,490
- Financial charges -€1,176
down €1,176 (-25.4%), from €4,620 to €3,444
- Other operating charges -€859
down €859 (-46.0%), from €1,868 to €1,009
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 | €79,321 | €66,653 | -€12,667 | -16.0% |
| Fixed assets | 21/28 | €10,278 | €10,019 | -€260 | -2.5% |
| Tangible fixed assets | 22/27 | €10,088 | €9,828 | -€260 | -2.6% |
| Land and buildings | 22 | €654 | €523 | -€131 | -20.0% |
| Plant, machinery and equipment | 23 | €1,164 | €2,643 | +€1,479 | +127% |
| Furniture and vehicles | 24 | €8,270 | €6,662 | -€1,608 | -19.4% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €69,042 | €56,635 | -€12,408 | -18.0% |
| Amounts receivable after more than one year | 29 | €42,500 | €42,500 | = | 0.0% |
| Other amounts receivable | 291 | €42,500 | €42,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,000 | €13,468 | -€1,532 | -10.2% |
| Trade receivables | 40 | €15,000 | €7,708 | -€7,292 | -48.6% |
| Other amounts receivable | 41 | - | €5,760 | +€5,760 | |
| Cash at bank and in hand | 54/58 | €8,204 | €342 | -€7,862 | -95.8% |
| Deferred charges and accrued income | 490/1 | €3,338 | €325 | -€3,013 | -90.3% |
| Total equity and liabilities | 10/49 | €79,321 | €66,653 | -€12,667 | -16.0% |
| Equity | 10/15 | €7,454 | €5,119 | -€2,335 | -31.3% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Contributions outside capital | 11 | €86,763 | €86,763 | = | 0.0% |
| Other | 1109/19 | €86,763 | €86,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,309 | -€81,644 | -€2,335 | -2.9% |
| Amounts payable | 17/49 | €71,867 | €61,535 | -€10,332 | -14.4% |
| Amounts payable within one year | 42/48 | €71,867 | €61,535 | -€10,332 | -14.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €13,997 | €9,134 | -€4,863 | -34.7% |
| Suppliers | 440/4 | €13,997 | €9,134 | -€4,863 | -34.7% |
| Taxes, remuneration and social security | 45 | €7,337 | €2,401 | -€4,936 | -67.3% |
| Taxes | 450/3 | €1,022 | - | -€1,022 | |
| Remuneration and social security | 454/9 | €6,315 | €2,401 | -€3,914 | -62.0% |
| Other amounts payable | 47/48 | €533 | - | -€533 | |
| Non-recurring operating income | 76A | - | €22,000 | +€22,000 | |
| Remuneration, social security and pensions | 62 | €40,098 | €24,471 | -€15,627 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,168 | €2,490 | -€2,678 | -51.8% |
| Other operating charges | 640/8 | €1,868 | €1,009 | -€859 | -46.0% |
| Gross operating margin | 9900 | €43,116 | €28,837 | -€14,279 | -33.1% |
| Operating profit (loss) | 9901 | -€4,018 | €867 | +€4,885 | |
| Financial income | 75/76B | €410 | €242 | -€168 | -41.0% |
| Recurring financial income | 75 | €410 | €242 | -€168 | -41.0% |
| Financial charges | 65/66B | €4,620 | €3,444 | -€1,176 | -25.4% |
| Recurring financial charges | 65 | €4,620 | €3,444 | -€1,176 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,228 | -€2,335 | +€5,893 | +71.6% |
| Income taxes | 67/77 | €438 | - | -€438 | |
| Profit (loss) for the period | 9904 | -€8,666 | -€2,335 | +€6,331 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,666 | -€2,335 | +€6,331 | +73.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.