AENA: 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.
AENA
Largest movements
- Cash -€35,475
down €35,475 (-22.4%), from €158,232 to €122,757
mainly Net result for the year (-€50,902) and Investment in fixed assets (net) (-€10,803)
- Tangible fixed assets -€15,119
down €15,119 (-3.1%), from €484,617 to €469,498
of which Land and buildings: -€16,092
- Profit (loss) carried forward -€50,902
down €50,902 (-6.6%), from -€773,780 to -€824,682
- Trade debts -€8,288
down €8,288 (-98.8%), from €8,387 to €100
- Financial income +€2,189
up €2,189 (+108%), from €2,031 to €4,220
- Gross operating margin -€983
down €983 (-4.0%), from -€24,803 to -€25,786
- Depreciation +€822
up €822 (+3.3%), from €25,099 to €25,922
- Taxes +€460
new in 2025: €460
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 | €654,936 | €598,823 | -€56,113 | -8.6% |
| Fixed assets | 21/28 | €484,617 | €469,498 | -€15,119 | -3.1% |
| Tangible fixed assets | 22/27 | €484,617 | €469,498 | -€15,119 | -3.1% |
| Land and buildings | 22 | €473,657 | €457,565 | -€16,092 | -3.4% |
| Furniture and vehicles | 24 | €10,959 | €11,932 | +€973 | +8.9% |
| Current assets | 29/58 | €170,319 | €129,325 | -€40,994 | -24.1% |
| Amounts receivable within one year | 40/41 | €12,088 | €6,568 | -€5,519 | -45.7% |
| Other amounts receivable | 41 | €12,088 | €6,568 | -€5,519 | -45.7% |
| Cash at bank and in hand | 54/58 | €158,232 | €122,757 | -€35,475 | -22.4% |
| Total equity and liabilities | 10/49 | €654,936 | €598,823 | -€56,113 | -8.6% |
| Equity | 10/15 | €632,380 | €581,478 | -€50,902 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,399,960 | €1,399,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,398,100 | €1,398,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€773,780 | -€824,682 | -€50,902 | -6.6% |
| Amounts payable | 17/49 | €22,556 | €17,345 | -€5,211 | -23.1% |
| Amounts payable within one year | 42/48 | €22,556 | €17,345 | -€5,211 | -23.1% |
| Trade debts | 44 | €8,387 | €100 | -€8,288 | -98.8% |
| Suppliers | 440/4 | €8,387 | €100 | -€8,288 | -98.8% |
| Taxes, remuneration and social security | 45 | €510 | - | -€510 | |
| Taxes | 450/3 | €510 | - | -€510 | |
| Other amounts payable | 47/48 | €13,659 | €17,245 | +€3,586 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,099 | €25,922 | +€822 | +3.3% |
| Other operating charges | 640/8 | €2,759 | €2,892 | +€132 | +4.8% |
| Gross operating margin | 9900 | -€24,803 | -€25,786 | -€983 | -4.0% |
| Operating profit (loss) | 9901 | -€52,662 | -€54,599 | -€1,937 | -3.7% |
| Financial income | 75/76B | €2,031 | €4,220 | +€2,189 | +108% |
| Recurring financial income | 75 | €2,031 | €4,220 | +€2,189 | +108% |
| Financial charges | 65/66B | €89 | €62 | -€27 | -30.7% |
| Recurring financial charges | 65 | €89 | €62 | -€27 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€50,721 | -€50,441 | +€279 | +0.6% |
| Transfer to deferred taxes | 680 | €453 | - | -€453 | |
| Income taxes | 67/77 | - | €460 | +€460 | |
| Profit (loss) for the period | 9904 | -€51,173 | -€50,902 | +€272 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,173 | -€50,902 | +€272 | +0.5% |
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 14 October 2026 via checked.be.