AELMANS PRIVATE EQUITY: 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.
AELMANS PRIVATE EQUITY
Largest movements
- Receivables within one year +€295,425
up €295,425 (+1,162%), from €25,428 to €320,853
of which Other amounts receivable: +€156,608
- Cash -€7,973
down €7,973 (-100%), from €7,973 to €0
mainly Receivables within one year (-€295,425) and Accrued charges and deferred income (-€4,841)
- Tax, wage and social debts +€163,123
new in 2025: €163,123
of which Remuneration and social security: +€154,158
- Other debts +€88,713
up €88,713 (+268%), from €33,154 to €121,866
- Profit (loss) carried forward +€34,252
up €34,252, from -€24,598 to €9,653
- Trade debts +€6,448
up €6,448, from €0 to €6,448
- Accrued charges and deferred income -€4,841
down €4,841 (-48.4%), from €10,000 to €5,159
- Gross operating margin +€30,843
up €30,843 (+215%), from €14,333 to €45,176
- Taxes +€8,965
new in 2025: €8,965
- Financial charges +€3,608
up €3,608 (+785%), from €459 to €4,067
- Financial income +€2,424
up €2,424 (+2,025%), from €120 to €2,544
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 | €34,433 | €322,408 | +€287,976 | +836% |
| Fixed assets | 21/28 | €1,000 | €1,018 | +€18 | +1.8% |
| Financial fixed assets | 28 | €1,000 | €1,018 | +€18 | +1.8% |
| Current assets | 29/58 | €33,433 | €321,391 | +€287,958 | +861% |
| Amounts receivable within one year | 40/41 | €25,428 | €320,853 | +€295,425 | +1,162% |
| Trade receivables | 40 | €464 | €139,280 | +€138,816 | +29,950% |
| Other amounts receivable | 41 | €24,965 | €181,573 | +€156,608 | +627% |
| Cash at bank and in hand | 54/58 | €7,973 | €0 | -€7,973 | -100% |
| Deferred charges and accrued income | 490/1 | €31 | €537 | +€506 | +1,609% |
| Total equity and liabilities | 10/49 | €34,433 | €322,408 | +€287,976 | +836% |
| Equity | 10/15 | -€8,721 | €25,812 | +€34,533 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,477 | €3,759 | +€282 | +8.1% |
| Distributable reserves | 133 | €3,477 | €3,759 | +€282 | +8.1% |
| Profit (loss) carried forward | 14 | -€24,598 | €9,653 | +€34,252 | |
| Amounts payable | 17/49 | €43,154 | €296,596 | +€253,442 | +587% |
| Amounts payable within one year | 42/48 | €33,154 | €291,437 | +€258,284 | +779% |
| Trade debts | 44 | €0 | €6,448 | +€6,448 | |
| Suppliers | 440/4 | €0 | €6,448 | +€6,448 | |
| Taxes, remuneration and social security | 45 | - | €163,123 | +€163,123 | |
| Taxes | 450/3 | - | €8,965 | +€8,965 | |
| Remuneration and social security | 454/9 | - | €154,158 | +€154,158 | |
| Other amounts payable | 47/48 | €33,154 | €121,866 | +€88,713 | +268% |
| Accrued charges and deferred income | 492/3 | €10,000 | €5,159 | -€4,841 | -48.4% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,333 | €45,176 | +€30,843 | +215% |
| Operating profit (loss) | 9901 | €13,946 | €45,176 | +€31,230 | +224% |
| Financial income | 75/76B | €120 | €2,544 | +€2,424 | +2,025% |
| Recurring financial income | 75 | €120 | €2,544 | +€2,424 | +2,025% |
| Financial charges | 65/66B | €459 | €4,067 | +€3,608 | +785% |
| Recurring financial charges | 65 | €459 | €4,067 | +€3,608 | +785% |
| Profit (loss) for the period before taxes | 9903 | €13,606 | €43,653 | +€30,047 | +221% |
| Income taxes | 67/77 | - | €8,965 | +€8,965 | |
| Profit (loss) for the period | 9904 | €13,606 | €34,688 | +€21,082 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €13,606 | €34,688 | +€21,082 | +155% |
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 30 October 2026 via checked.be.