AEMOS: 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.
AEMOS
Largest movements
- Tangible fixed assets -€24,134
down €24,134 (-7.2%), from €333,596 to €309,462
- Cash +€18,913
up €18,913 (+666.9%), from €2,836 to €21,749
mainly Depreciation (+€24,134) and Net result for the year (+€6,367)
- Debts after one year -€11,376
down €11,376 (-8.0%), from €141,566 to €130,190
of which Financial debts: -€11,376
- Reserves +€6,200
up €6,200 (+3.5%), from €178,419 to €184,619
of which Distributable reserves: +€6,200
- Gross operating margin +€6,113
up €6,113 (+17.7%), from €34,587 to €40,700
- Depreciation -€3,360
down €3,360 (-12.2%), from €27,494 to €24,134
- Other operating charges +€938
up €938 (+18.4%), from €5,090 to €6,028
- Taxes +€620
new in 2025: €620
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 | €336,432 | €331,326 | -€5,106 | -1.5% |
| Fixed assets | 21/28 | €333,596 | €309,462 | -€24,134 | -7.2% |
| Tangible fixed assets | 22/27 | €333,596 | €309,462 | -€24,134 | -7.2% |
| Land and buildings | 22 | €333,596 | €309,462 | -€24,134 | -7.2% |
| Current assets | 29/58 | €2,836 | €21,864 | +€19,028 | +670.9% |
| Amounts receivable within one year | 40/41 | - | €115 | +€115 | |
| Trade receivables | 40 | - | €115 | +€115 | |
| Cash at bank and in hand | 54/58 | €2,836 | €21,749 | +€18,913 | +666.9% |
| Total equity and liabilities | 10/49 | €336,432 | €331,326 | -€5,106 | -1.5% |
| Equity | 10/15 | €178,644 | €185,011 | +€6,367 | +3.6% |
| Contributions | 10/11 | €11,592 | €11,592 | = | 0.0% |
| Reserves | 13 | €178,419 | €184,619 | +€6,200 | +3.5% |
| Non-distributable reserves | 130/1 | €1,814 | €1,814 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,814 | €1,814 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,016 | €13,016 | = | 0.0% |
| Distributable reserves | 133 | €163,589 | €169,789 | +€6,200 | +3.8% |
| Profit (loss) carried forward | 14 | -€11,366 | -€11,199 | +€167 | +1.5% |
| Amounts payable | 17/49 | €157,788 | €146,315 | -€11,473 | -7.3% |
| Amounts payable after more than one year | 17 | €141,566 | €130,190 | -€11,376 | -8.0% |
| Financial debts | 170/4 | €86,566 | €75,190 | -€11,376 | -13.1% |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,222 | €16,125 | -€97 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €10,973 | €11,376 | +€403 | +3.7% |
| Trade debts | 44 | €1,866 | €1,785 | -€82 | -4.4% |
| Suppliers | 440/4 | €1,866 | €1,785 | -€82 | -4.4% |
| Advances received on contracts in progress | 46 | €1,038 | - | -€1,038 | |
| Taxes, remuneration and social security | 45 | - | €620 | +€620 | |
| Taxes | 450/3 | - | €620 | +€620 | |
| Other amounts payable | 47/48 | €2,345 | €2,345 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,494 | €24,134 | -€3,360 | -12.2% |
| Other operating charges | 640/8 | €5,090 | €6,028 | +€938 | +18.4% |
| Gross operating margin | 9900 | €34,587 | €40,700 | +€6,113 | +17.7% |
| Operating profit (loss) | 9901 | €2,003 | €10,537 | +€8,535 | +426.2% |
| Financial charges | 65/66B | €3,924 | €3,550 | -€373 | -9.5% |
| Recurring financial charges | 65 | €3,924 | €3,550 | -€373 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,921 | €6,987 | +€8,908 | |
| Income taxes | 67/77 | - | €620 | +€620 | |
| Profit (loss) for the period | 9904 | -€1,921 | €6,367 | +€8,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,921 | €6,367 | +€8,288 |
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 30 September 2026 via checked.be.