AENOVA: 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.
AENOVA
Largest movements
- Receivables within one year -€29,689
down €29,689 (-33.2%), from €89,390 to €59,701
of which Trade receivables: -€76,685
- Tangible fixed assets -€16,745
down €16,745 (-2.9%), from €572,252 to €555,507
of which Land and buildings: -€15,419
- Cash +€9,460
up €9,460 (+34.7%), from €27,254 to €36,714
mainly Receivables within one year (+€29,689) and Depreciation (+€16,745)
- Debts after one year -€35,000
down €35,000 (-5.3%), from €654,413 to €619,413
of which Other amounts payable: -€35,000
- Gross operating margin -€10,775
down €10,775 (-14.6%), from €73,979 to €63,204
- Financial charges +€6,675
up €6,675 (+24.5%), from €27,201 to €33,876
- Taxes -€2,181
down €2,181 (-42.1%), from €5,185 to €3,004
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €818,896 | €781,922 | -€36,974 | -4.5% |
| Fixed assets | 21/28 | €572,252 | €555,507 | -€16,745 | -2.9% |
| Tangible fixed assets | 22/27 | €572,252 | €555,507 | -€16,745 | -2.9% |
| Land and buildings | 22 | €544,987 | €529,568 | -€15,419 | -2.8% |
| Plant, machinery and equipment | 23 | €12,265 | €10,939 | -€1,326 | -10.8% |
| Other tangible fixed assets | 26 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €246,644 | €226,415 | -€20,229 | -8.2% |
| Amounts receivable within one year | 40/41 | €89,390 | €59,701 | -€29,689 | -33.2% |
| Trade receivables | 40 | €89,390 | €12,705 | -€76,685 | -85.8% |
| Other amounts receivable | 41 | - | €46,996 | +€46,996 | |
| Current investments | 50/53 | €130,000 | €130,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,254 | €36,714 | +€9,460 | +34.7% |
| Total equity and liabilities | 10/49 | €818,896 | €781,922 | -€36,974 | -4.5% |
| Equity | 10/15 | €139,577 | €147,041 | +€7,464 | +5.3% |
| Contributions | 10/11 | €43,500 | €43,500 | = | 0.0% |
| Reserves | 13 | €95,615 | €103,079 | +€7,464 | +7.8% |
| Non-distributable reserves | 130/1 | €4,350 | €4,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,350 | €4,350 | = | 0.0% |
| Distributable reserves | 133 | €91,265 | €98,729 | +€7,464 | +8.2% |
| Profit (loss) carried forward | 14 | €462 | €462 | = | 0.0% |
| Amounts payable | 17/49 | €679,319 | €634,881 | -€44,438 | -6.5% |
| Amounts payable after more than one year | 17 | €654,413 | €619,413 | -€35,000 | -5.3% |
| Advances received on contracts in progress | 176 | €619,413 | €619,413 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €24,906 | €15,468 | -€9,438 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €9,912 | €5,154 | -€4,758 | -48.0% |
| Trade debts | 44 | €2,279 | €1,772 | -€507 | -22.2% |
| Suppliers | 440/4 | €2,279 | €1,772 | -€507 | -22.2% |
| Taxes, remuneration and social security | 45 | €9,612 | €2,516 | -€7,097 | -73.8% |
| Taxes | 450/3 | €9,612 | €2,516 | -€7,097 | -73.8% |
| Other amounts payable | 47/48 | €3,103 | €6,026 | +€2,924 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,413 | €16,745 | +€332 | +2.0% |
| Other operating charges | 640/8 | €1,904 | €2,114 | +€211 | +11.1% |
| Gross operating margin | 9900 | €73,979 | €63,204 | -€10,775 | -14.6% |
| Operating profit (loss) | 9901 | €55,662 | €44,345 | -€11,317 | -20.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €27,201 | €33,876 | +€6,675 | +24.5% |
| Recurring financial charges | 65 | €27,201 | €33,876 | +€6,675 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €28,461 | €10,468 | -€17,992 | -63.2% |
| Income taxes | 67/77 | €5,185 | €3,004 | -€2,181 | -42.1% |
| Profit (loss) for the period | 9904 | €23,275 | €7,464 | -€15,811 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,275 | €7,464 | -€15,811 | -67.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.