AENIMA: 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.
AENIMA
Largest movements
- Cash -€6,354
down €6,354 (-75.9%), from €8,370 to €2,016
mainly Net result for the year (-€17,009) and Trade debts (-€8,017)
- Intangible fixed assets -€6,080
down €6,080 (-67.7%), from €8,985 to €2,905
- Reserves -€17,009
down €17,009 (-25.6%), from €66,528 to €49,519
of which Distributable reserves: -€17,009
- Trade debts -€8,017
down €8,017 (-10.8%), from €74,035 to €66,018
- Other debts +€6,275
up €6,275 (+5.1%), from €123,511 to €129,786
- Financial charges -€20,597
down €20,597 (-91.7%), from €22,450 to €1,853
of which Non-recurring financial charges: -€20,669
- Taxes +€4,490
new in 2026: €4,490
- Gross operating margin +€4,174
up €4,174 (+50.8%), from -€8,220 to -€4,047
- Write-downs -€3,500
down €3,500 (-100%), from €3,500 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,264 | €505,513 | -€18,751 | -3.6% |
| Fixed assets | 21/28 | €407,542 | €399,731 | -€7,811 | -1.9% |
| Intangible fixed assets | 21 | €8,985 | €2,905 | -€6,080 | -67.7% |
| Financial fixed assets | 28 | €398,557 | €396,826 | -€1,731 | -0.4% |
| Current assets | 29/58 | €116,722 | €105,782 | -€10,940 | -9.4% |
| Amounts receivable after more than one year | 29 | €56,720 | €56,720 | = | 0.0% |
| Other amounts receivable | 291 | €56,720 | €56,720 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,632 | €47,045 | -€4,587 | -8.9% |
| Trade receivables | 40 | €32,942 | €25,931 | -€7,011 | -21.3% |
| Other amounts receivable | 41 | €18,690 | €21,114 | +€2,425 | +13.0% |
| Cash at bank and in hand | 54/58 | €8,370 | €2,016 | -€6,354 | -75.9% |
| Total equity and liabilities | 10/49 | €524,264 | €505,513 | -€18,751 | -3.6% |
| Equity | 10/15 | €72,728 | €55,719 | -€17,009 | -23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,528 | €49,519 | -€17,009 | -25.6% |
| 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 | €64,668 | €47,659 | -€17,009 | -26.3% |
| Amounts payable | 17/49 | €451,536 | €449,794 | -€1,742 | -0.4% |
| Amounts payable after more than one year | 17 | €251,490 | €251,490 | = | 0.0% |
| Financial debts | 170/4 | €251,490 | €251,490 | = | 0.0% |
| Amounts payable within one year | 42/48 | €197,546 | €195,804 | -€1,742 | -0.9% |
| Trade debts | 44 | €74,035 | €66,018 | -€8,017 | -10.8% |
| Suppliers | 440/4 | €74,035 | €66,018 | -€8,017 | -10.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €123,511 | €129,786 | +€6,275 | +5.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,080 | €6,080 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,500 | €0 | -€3,500 | -100% |
| Other operating charges | 640/8 | €513 | €540 | +€27 | +5.2% |
| Gross operating margin | 9900 | -€8,220 | -€4,047 | +€4,174 | +50.8% |
| Operating profit (loss) | 9901 | -€18,314 | -€10,667 | +€7,647 | +41.8% |
| Financial charges | 65/66B | €22,450 | €1,853 | -€20,597 | -91.7% |
| Recurring financial charges | 65 | €50 | €122 | +€72 | +143% |
| Non-recurring financial charges | 66B | €22,400 | €1,731 | -€20,669 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,763 | -€12,520 | +€28,244 | +69.3% |
| Income taxes | 67/77 | - | €4,490 | +€4,490 | |
| Profit (loss) for the period | 9904 | -€40,763 | -€17,009 | +€23,754 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,763 | -€17,009 | +€23,754 | +58.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.