AEPA-Solutions: 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.
AEPA-Solutions
Largest movements
- Tangible fixed assets -€11,163
down €11,163 (-65.6%), from €17,014 to €5,851
of which Plant, machinery and equipment: -€6,722
- Cash +€8,894
up €8,894 (+13.1%), from €67,729 to €76,623
mainly Other debts (+€49,449) and Net result for the year (+€8,496)
- Reserves -€72,127
down €72,127 (-73.9%), from €97,623 to €25,496
of which Distributable reserves: -€72,127
- Other debts +€49,449
up €49,449 (+731%), from €6,768 to €56,217
- Contributions +€12,250
up €12,250 (+194%), from €6,300 to €18,550
- Trade debts +€6,742
up €6,742, from €0 to €6,742
- Tax, wage and social debts +€4,131
up €4,131 (+67.4%), from €6,131 to €10,263
- Other operating charges -€48,812
down €48,812 (-98.9%), from €49,331 to €520
- Gross operating margin -€20,101
down €20,101 (-54.2%), from €37,078 to €16,977
- Taxes -€3,829
down €3,829 (-56.4%), from €6,792 to €2,962
- Depreciation -€1,563
down €1,563 (-24.2%), from €6,464 to €4,902
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 | €119,292 | €117,268 | -€2,024 | -1.7% |
| Fixed assets | 21/28 | €17,014 | €5,851 | -€11,163 | -65.6% |
| Tangible fixed assets | 22/27 | €17,014 | €5,851 | -€11,163 | -65.6% |
| Plant, machinery and equipment | 23 | €8,559 | €1,837 | -€6,722 | -78.5% |
| Furniture and vehicles | 24 | €7,724 | €3,466 | -€4,258 | -55.1% |
| Other tangible fixed assets | 26 | €731 | €548 | -€183 | -25.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €102,278 | €111,417 | +€9,139 | +8.9% |
| Amounts receivable within one year | 40/41 | €33,925 | €33,914 | -€11 | 0.0% |
| Trade receivables | 40 | €30,671 | €27,071 | -€3,600 | -11.7% |
| Other amounts receivable | 41 | €3,254 | €6,843 | +€3,589 | +110% |
| Cash at bank and in hand | 54/58 | €67,729 | €76,623 | +€8,894 | +13.1% |
| Deferred charges and accrued income | 490/1 | €624 | €880 | +€256 | +41.0% |
| Total equity and liabilities | 10/49 | €119,292 | €117,268 | -€2,024 | -1.7% |
| Equity | 10/15 | €103,923 | €44,046 | -€59,877 | -57.6% |
| Contributions | 10/11 | €6,300 | €18,550 | +€12,250 | +194% |
| Reserves | 13 | €97,623 | €25,496 | -€72,127 | -73.9% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €97,623 | €25,496 | -€72,127 | -73.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,369 | €73,222 | +€57,853 | +376% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,369 | €73,222 | +€57,853 | +376% |
| Current portion of amounts payable after more than one year | 42 | €2,469 | €0 | -€2,469 | -100% |
| Trade debts | 44 | €0 | €6,742 | +€6,742 | |
| Suppliers | 440/4 | €0 | €6,742 | +€6,742 | |
| Taxes, remuneration and social security | 45 | €6,131 | €10,263 | +€4,131 | +67.4% |
| Taxes | 450/3 | €6,131 | €10,263 | +€4,131 | +67.4% |
| Other amounts payable | 47/48 | €6,768 | €56,217 | +€49,449 | +731% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €4,902 | -€1,563 | -24.2% |
| Other operating charges | 640/8 | €49,331 | €520 | -€48,812 | -98.9% |
| Gross operating margin | 9900 | €37,078 | €16,977 | -€20,101 | -54.2% |
| Operating profit (loss) | 9901 | -€18,717 | €11,556 | +€30,273 | |
| Financial income | 75/76B | €251 | €174 | -€77 | -30.6% |
| Recurring financial income | 75 | €251 | €174 | -€77 | -30.6% |
| Financial charges | 65/66B | €564 | €272 | -€292 | -51.8% |
| Recurring financial charges | 65 | €564 | €272 | -€292 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,030 | €11,458 | +€30,488 | |
| Income taxes | 67/77 | €6,792 | €2,962 | -€3,829 | -56.4% |
| Profit (loss) for the period | 9904 | -€25,822 | €8,496 | +€34,317 | |
| Transfer from tax-exempt reserves | 789 | €1,027 | €0 | -€1,027 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,794 | €8,496 | +€33,290 |
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.