AEP TRANS: 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.
AEP TRANS
Largest movements
- Receivables within one year +€37,942
up €37,942 (+60.5%), from €62,764 to €100,706
of which Trade receivables: +€33,308
- Tangible fixed assets -€23,877
down €23,877 (-25.7%), from €93,053 to €69,176
of which Furniture and vehicles: -€23,657
- Cash +€6,516
up €6,516 (+134%), from €4,868 to €11,384
mainly Depreciation (+€24,237) and Net result for the year (+€18,810)
- Deferred charges and accrued income +€4,873
up €4,873 (+84.4%), from €5,774 to €10,647
- Reserves +€18,810
up €18,810 (+45.1%), from €41,752 to €60,562
- Tax, wage and social debts +€17,392
up €17,392 (+138%), from €12,604 to €29,996
of which Remuneration and social security: +€9,309
- Debts after one year -€17,357
down €17,357 (-29.1%), from €59,720 to €42,363
- Trade debts +€9,498
up €9,498 (+45.5%), from €20,879 to €30,377
- Current portion of long-term debt -€2,738
down €2,738 (-11.4%), from €24,076 to €21,338
- Gross operating margin +€87,259
up €87,259 (+62.0%), from €140,829 to €228,088
- Staff costs +€65,757
up €65,757 (+62.7%), from €104,872 to €170,629
- Depreciation +€10,237
up €10,237 (+73.1%), from €14,000 to €24,237
- Taxes +€4,133
up €4,133 (+77.5%), from €5,335 to €9,468
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 | €167,173 | €192,266 | +€25,094 | +15.0% |
| Formation expenses | 20 | €713 | €353 | -€360 | -50.5% |
| Fixed assets | 21/28 | €93,053 | €69,176 | -€23,877 | -25.7% |
| Tangible fixed assets | 22/27 | €93,053 | €69,176 | -€23,877 | -25.7% |
| Plant, machinery and equipment | 23 | €608 | €388 | -€220 | -36.2% |
| Furniture and vehicles | 24 | €92,445 | €68,788 | -€23,657 | -25.6% |
| Current assets | 29/58 | €73,407 | €122,737 | +€49,331 | +67.2% |
| Amounts receivable within one year | 40/41 | €62,764 | €100,706 | +€37,942 | +60.5% |
| Trade receivables | 40 | €48,584 | €81,892 | +€33,308 | +68.6% |
| Other amounts receivable | 41 | €14,180 | €18,814 | +€4,634 | +32.7% |
| Cash at bank and in hand | 54/58 | €4,868 | €11,384 | +€6,516 | +134% |
| Deferred charges and accrued income | 490/1 | €5,774 | €10,647 | +€4,873 | +84.4% |
| Total equity and liabilities | 10/49 | €167,173 | €192,266 | +€25,094 | +15.0% |
| Equity | 10/15 | €49,252 | €68,062 | +€18,810 | +38.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €41,752 | €60,562 | +€18,810 | +45.1% |
| Distributable reserves | 133 | €41,752 | €60,562 | +€18,810 | +45.1% |
| Amounts payable | 17/49 | €117,920 | €124,204 | +€6,283 | +5.3% |
| Amounts payable after more than one year | 17 | €59,720 | €42,363 | -€17,357 | -29.1% |
| Financial debts | 170/4 | €59,720 | €42,363 | -€17,357 | -29.1% |
| Amounts payable within one year | 42/48 | €57,559 | €81,711 | +€24,152 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €24,076 | €21,338 | -€2,738 | -11.4% |
| Trade debts | 44 | €20,879 | €30,377 | +€9,498 | +45.5% |
| Suppliers | 440/4 | €20,879 | €30,377 | +€9,498 | +45.5% |
| Taxes, remuneration and social security | 45 | €12,604 | €29,996 | +€17,392 | +138% |
| Taxes | 450/3 | €938 | €9,021 | +€8,083 | +862% |
| Remuneration and social security | 454/9 | €11,666 | €20,976 | +€9,309 | +79.8% |
| Accrued charges and deferred income | 492/3 | €642 | €130 | -€512 | -79.7% |
| Remuneration, social security and pensions | 62 | €104,872 | €170,629 | +€65,757 | +62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,000 | €24,237 | +€10,237 | +73.1% |
| Other operating charges | 640/8 | €600 | €2,013 | +€1,413 | +235% |
| Gross operating margin | 9900 | €140,829 | €228,088 | +€87,259 | +62.0% |
| Operating profit (loss) | 9901 | €21,356 | €31,209 | +€9,853 | +46.1% |
| Financial income | 75/76B | €846 | €710 | -€136 | -16.0% |
| Recurring financial income | 75 | €846 | €710 | -€136 | -16.0% |
| Financial charges | 65/66B | €2,222 | €3,640 | +€1,418 | +63.8% |
| Recurring financial charges | 65 | €2,222 | €3,640 | +€1,418 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €19,980 | €28,279 | +€8,299 | +41.5% |
| Income taxes | 67/77 | €5,335 | €9,468 | +€4,133 | +77.5% |
| Profit (loss) for the period | 9904 | €14,644 | €18,810 | +€4,166 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,644 | €18,810 | +€4,166 | +28.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.