AENOA: 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.
AENOA
Largest movements
- Cash -€159
down €159 (-10.5%), from €1,522 to €1,363
mainly Net result for the year (-€959)
- Profit (loss) carried forward -€959
down €959 (-0.9%), from -€112,520 to -€113,479
- Trade debts +€800
new in 2025: €800
- Depreciation -€10,722
no longer reported in 2025 (was €10,722)
- Gross operating margin +€6,470
up €6,470 (+88.2%), from -€7,336 to -€866
- Financial charges -€405
down €405 (-90.3%), from €448 to €44
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 | €1,522 | €1,363 | -€159 | -10.5% |
| Current assets | 29/58 | €1,522 | €1,363 | -€159 | -10.5% |
| Cash at bank and in hand | 54/58 | €1,522 | €1,363 | -€159 | -10.5% |
| Total equity and liabilities | 10/49 | €1,522 | €1,363 | -€159 | -10.5% |
| Equity | 10/15 | -€44,320 | -€45,279 | -€959 | -2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,520 | -€113,479 | -€959 | -0.9% |
| Amounts payable | 17/49 | €45,842 | €46,642 | +€800 | +1.7% |
| Amounts payable within one year | 42/48 | €45,842 | €46,642 | +€800 | +1.7% |
| Trade debts | 44 | - | €800 | +€800 | |
| Suppliers | 440/4 | - | €800 | +€800 | |
| Taxes, remuneration and social security | 45 | €3,342 | €3,342 | = | 0.0% |
| Taxes | 450/3 | €3,342 | €3,342 | = | 0.0% |
| Other amounts payable | 47/48 | €42,500 | €42,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,722 | - | -€10,722 | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€7,336 | -€866 | +€6,470 | +88.2% |
| Operating profit (loss) | 9901 | -€18,057 | -€916 | +€17,142 | +94.9% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €448 | €44 | -€405 | -90.3% |
| Recurring financial charges | 65 | €448 | €44 | -€405 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,493 | -€959 | +€17,534 | +94.8% |
| Profit (loss) for the period | 9904 | -€18,493 | -€959 | +€17,534 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,493 | -€959 | +€17,534 | +94.8% |
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 29 September 2026 via checked.be.