AEPREX: 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.
AEPREX
Largest movements
- Cash +€14,497
new in 2025: €14,497
mainly Trade debts (+€12,102) and Depreciation (+€9,986)
- Tangible fixed assets -€6,904
down €6,904 (-41.4%), from €16,681 to €9,778
of which Other tangible fixed assets: -€7,155
- Receivables within one year -€6,438
down €6,438 (-27.0%), from €23,803 to €17,365
of which Trade receivables: -€6,112
- Trade debts +€12,102
up €12,102 (+45.9%), from €26,374 to €38,476
- Other debts -€8,172
down €8,172 (-27.9%), from €29,325 to €21,153
- Short-term financial debts -€6,612
no longer reported in 2025 (was €6,612)
- Profit (loss) carried forward +€3,847
up €3,847 (+5.6%), from -€69,009 to -€65,162
- Gross operating margin +€32,884
up €32,884 (+289.9%), from €11,343 to €44,227
- Staff costs -€6,462
down €6,462 (-18.4%), from €35,164 to €28,702
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 | €40,757 | €41,854 | +€1,097 | +2.7% |
| Fixed assets | 21/28 | €16,681 | €9,778 | -€6,904 | -41.4% |
| Tangible fixed assets | 22/27 | €16,681 | €9,778 | -€6,904 | -41.4% |
| Furniture and vehicles | 24 | €4,456 | €4,707 | +€251 | +5.6% |
| Other tangible fixed assets | 26 | €12,226 | €5,071 | -€7,155 | -58.5% |
| Current assets | 29/58 | €24,076 | €32,076 | +€8,001 | +33.2% |
| Amounts receivable within one year | 40/41 | €23,803 | €17,365 | -€6,438 | -27.0% |
| Trade receivables | 40 | €23,477 | €17,365 | -€6,112 | -26.0% |
| Other amounts receivable | 41 | €326 | - | -€326 | |
| Cash at bank and in hand | 54/58 | - | €14,497 | +€14,497 | |
| Deferred charges and accrued income | 490/1 | €273 | €214 | -€59 | -21.5% |
| Total equity and liabilities | 10/49 | €40,757 | €41,854 | +€1,097 | +2.7% |
| Equity | 10/15 | -€32,301 | -€28,454 | +€3,847 | +11.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €5,721 | €5,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €2,623 | €2,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,009 | -€65,162 | +€3,847 | +5.6% |
| Amounts payable | 17/49 | €73,058 | €70,308 | -€2,750 | -3.8% |
| Amounts payable within one year | 42/48 | €73,058 | €70,308 | -€2,750 | -3.8% |
| Financial debts | 43 | €6,612 | - | -€6,612 | |
| Credit institutions | 430/8 | €6,612 | - | -€6,612 | |
| Trade debts | 44 | €26,374 | €38,476 | +€12,102 | +45.9% |
| Suppliers | 440/4 | €26,374 | €38,476 | +€12,102 | +45.9% |
| Taxes, remuneration and social security | 45 | €10,747 | €10,679 | -€68 | -0.6% |
| Taxes | 450/3 | €3,209 | €7,512 | +€4,303 | +134.1% |
| Remuneration and social security | 454/9 | €7,538 | €3,168 | -€4,370 | -58.0% |
| Other amounts payable | 47/48 | €29,325 | €21,153 | -€8,172 | -27.9% |
| Remuneration, social security and pensions | 62 | €35,164 | €28,702 | -€6,462 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,789 | €9,986 | +€197 | +2.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €1,315 | - | -€1,315 | |
| Gross operating margin | 9900 | €11,343 | €44,227 | +€32,884 | +289.9% |
| Operating profit (loss) | 9901 | -€35,309 | €5,151 | +€40,460 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,112 | €1,304 | +€192 | +17.3% |
| Recurring financial charges | 65 | €1,112 | €1,304 | +€192 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,421 | €3,847 | +€40,268 | |
| Profit (loss) for the period | 9904 | -€36,421 | €3,847 | +€40,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,421 | €3,847 | +€40,268 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.