AEM 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.
AEM Consult
Largest movements
- Cash -€22,905
down €22,905 (-26.4%), from €86,714 to €63,808
mainly Contributions, distributions and other (-€67,500) and Tax, wage and social debts (-€8,866)
- Tangible fixed assets -€8,327
down €8,327 (-33.9%), from €24,535 to €16,208
- Profit (loss) carried forward -€14,396
down €14,396 (-51.4%), from €27,984 to €13,588
- Tax, wage and social debts -€8,866
down €8,866 (-31.9%), from €27,828 to €18,962
- Other debts -€5,881
down €5,881 (-9.2%), from €63,750 to €57,869
- Trade debts -€1,789
down €1,789 (-66.4%), from €2,694 to €904
- Gross operating margin +€20,837
up €20,837 (+37.5%), from €55,552 to €76,389
- Taxes +€3,606
up €3,606 (+34.5%), from €10,448 to €14,055
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 | €126,256 | €95,324 | -€30,932 | -24.5% |
| Fixed assets | 21/28 | €24,785 | €16,458 | -€8,327 | -33.6% |
| Tangible fixed assets | 22/27 | €24,535 | €16,208 | -€8,327 | -33.9% |
| Furniture and vehicles | 24 | €24,535 | €16,208 | -€8,327 | -33.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €101,471 | €78,866 | -€22,605 | -22.3% |
| Amounts receivable within one year | 40/41 | €14,589 | €14,209 | -€380 | -2.6% |
| Trade receivables | 40 | €11,700 | €12,098 | +€398 | +3.4% |
| Other amounts receivable | 41 | €2,889 | €2,111 | -€778 | -26.9% |
| Cash at bank and in hand | 54/58 | €86,714 | €63,808 | -€22,905 | -26.4% |
| Deferred charges and accrued income | 490/1 | €168 | €848 | +€680 | +405% |
| Total equity and liabilities | 10/49 | €126,256 | €95,324 | -€30,932 | -24.5% |
| Equity | 10/15 | €31,984 | €17,588 | -€14,396 | -45.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,984 | €13,588 | -€14,396 | -51.4% |
| Amounts payable | 17/49 | €94,272 | €77,736 | -€16,536 | -17.5% |
| Amounts payable within one year | 42/48 | €94,272 | €77,736 | -€16,536 | -17.5% |
| Trade debts | 44 | €2,694 | €904 | -€1,789 | -66.4% |
| Suppliers | 440/4 | €2,694 | €904 | -€1,789 | -66.4% |
| Taxes, remuneration and social security | 45 | €27,828 | €18,962 | -€8,866 | -31.9% |
| Taxes | 450/3 | €27,828 | €18,962 | -€8,866 | -31.9% |
| Other amounts payable | 47/48 | €63,750 | €57,869 | -€5,881 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,481 | €8,327 | -€154 | -1.8% |
| Other operating charges | 640/8 | €1,027 | €751 | -€276 | -26.9% |
| Gross operating margin | 9900 | €55,552 | €76,389 | +€20,837 | +37.5% |
| Operating profit (loss) | 9901 | €46,044 | €67,311 | +€21,267 | +46.2% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €185 | €152 | -€33 | -18.1% |
| Recurring financial charges | 65 | €185 | €152 | -€33 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €45,890 | €67,159 | +€21,269 | +46.3% |
| Income taxes | 67/77 | €10,448 | €14,055 | +€3,606 | +34.5% |
| Profit (loss) for the period | 9904 | €35,442 | €53,104 | +€17,663 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,442 | €53,104 | +€17,663 | +49.8% |
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 16 October 2026 via checked.be.