Aeque: 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.
Aeque
Largest movements
- Cash -€90,682
down €90,682 (-51.8%), from €175,147 to €84,465
mainly Contributions, distributions and other (-€120,324) and Other debts (-€44,374)
- Deferred charges and accrued income +€27,807
up €27,807, from €0 to €27,807
- Tangible fixed assets -€5,940
down €5,940 (-57.2%), from €10,384 to €4,444
of which Other tangible fixed assets: -€3,333
- Other debts -€44,374
down €44,374 (-28.6%), from €155,082 to €110,708
- Reserves -€19,226
down €19,226 (-100.0%), from €19,226 to €0
- Advances received -€12,494
down €12,494 (-64.4%), from €19,387 to €6,894
- Accrued charges and deferred income +€5,664
new in 2025: €5,664
- Gross operating margin -€33,494
down €33,494 (-19.6%), from €170,822 to €137,328
- Taxes -€7,928
down €7,928 (-21.4%), from €36,973 to €29,046
- Depreciation -€3,688
down €3,688 (-38.3%), from €9,627 to €5,940
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 | €230,663 | €160,242 | -€70,421 | -30.5% |
| Fixed assets | 21/28 | €10,384 | €4,444 | -€5,940 | -57.2% |
| Tangible fixed assets | 22/27 | €10,384 | €4,444 | -€5,940 | -57.2% |
| Furniture and vehicles | 24 | €2,606 | €0 | -€2,606 | -100.0% |
| Other tangible fixed assets | 26 | €7,778 | €4,444 | -€3,333 | -42.9% |
| Current assets | 29/58 | €220,279 | €155,797 | -€64,482 | -29.3% |
| Amounts receivable within one year | 40/41 | €45,133 | €43,525 | -€1,608 | -3.6% |
| Trade receivables | 40 | €30,906 | €27,146 | -€3,760 | -12.2% |
| Other amounts receivable | 41 | €14,227 | €16,379 | +€2,153 | +15.1% |
| Cash at bank and in hand | 54/58 | €175,147 | €84,465 | -€90,682 | -51.8% |
| Deferred charges and accrued income | 490/1 | €0 | €27,807 | +€27,807 | |
| Total equity and liabilities | 10/49 | €230,663 | €160,242 | -€70,421 | -30.5% |
| Equity | 10/15 | €29,226 | €10,000 | -€19,226 | -65.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €19,226 | €0 | -€19,226 | -100.0% |
| Distributable reserves | 133 | €19,226 | €0 | -€19,226 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €201,437 | €150,242 | -€51,195 | -25.4% |
| Amounts payable within one year | 42/48 | €201,437 | €144,578 | -€56,859 | -28.2% |
| Trade debts | 44 | €360 | €153 | -€208 | -57.7% |
| Suppliers | 440/4 | €360 | €153 | -€208 | -57.7% |
| Advances received on contracts in progress | 46 | €19,387 | €6,894 | -€12,494 | -64.4% |
| Taxes, remuneration and social security | 45 | €26,608 | €26,824 | +€216 | +0.8% |
| Taxes | 450/3 | €26,608 | €23,715 | -€2,892 | -10.9% |
| Remuneration and social security | 454/9 | - | €3,109 | +€3,109 | |
| Other amounts payable | 47/48 | €155,082 | €110,708 | -€44,374 | -28.6% |
| Accrued charges and deferred income | 492/3 | - | €5,664 | +€5,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,627 | €5,940 | -€3,688 | -38.3% |
| Other operating charges | 640/8 | €987 | €1,056 | +€69 | +7.0% |
| Gross operating margin | 9900 | €170,822 | €137,328 | -€33,494 | -19.6% |
| Operating profit (loss) | 9901 | €160,207 | €130,332 | -€29,875 | -18.6% |
| Financial income | 75/76B | €51 | €59 | +€8 | +15.5% |
| Recurring financial income | 75 | €51 | €59 | +€8 | +15.5% |
| Financial charges | 65/66B | €391 | €247 | -€144 | -36.9% |
| Recurring financial charges | 65 | €391 | €247 | -€144 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €159,867 | €130,144 | -€29,723 | -18.6% |
| Income taxes | 67/77 | €36,973 | €29,046 | -€7,928 | -21.4% |
| Profit (loss) for the period | 9904 | €122,894 | €101,098 | -€21,796 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €122,894 | €101,098 | -€21,796 | -17.7% |
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 30 September 2026 via checked.be.