AES BOQO: 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.
AES BOQO
Largest movements
- Tangible fixed assets +€19,323
up €19,323 (+523%), from €3,693 to €23,016
of which Furniture and vehicles: +€19,011
- Receivables within one year +€3,907
up €3,907 (+254%), from €1,536 to €5,444
- Cash -€2,850
down €2,850 (-3.8%), from €75,614 to €72,764
mainly Investment in fixed assets (net) (-€21,222) and Receivables within one year (-€3,907)
- Deferred charges and accrued income -€1,249
down €1,249 (-49.4%), from €2,528 to €1,279
- Reserves +€8,279
up €8,279 (+12.8%), from €64,764 to €73,043
- Trade debts +€7,090
up €7,090 (+259%), from €2,739 to €9,829
- Tax, wage and social debts +€3,706
up €3,706 (+29.8%), from €12,425 to €16,131
of which Taxes: +€3,424
- Gross operating margin -€39,100
down €39,100 (-33.5%), from €116,834 to €77,734
- Taxes -€5,020
down €5,020 (-53.2%), from €9,438 to €4,418
- Financial charges -€4,339
down €4,339 (-13.5%), from €32,191 to €27,852
- Staff costs -€3,883
down €3,883 (-11.6%), from €33,352 to €29,469
- Other operating charges +€2,358
up €2,358 (+469%), from €503 to €2,861
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 | €84,928 | €104,003 | +€19,075 | +22.5% |
| Fixed assets | 21/28 | €5,250 | €24,516 | +€19,266 | +367% |
| Intangible fixed assets | 21 | €57 | €0 | -€57 | -100% |
| Tangible fixed assets | 22/27 | €3,693 | €23,016 | +€19,323 | +523% |
| Plant, machinery and equipment | 23 | €3,693 | €4,005 | +€312 | +8.5% |
| Furniture and vehicles | 24 | - | €19,011 | +€19,011 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €79,678 | €79,487 | -€191 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,536 | €5,444 | +€3,907 | +254% |
| Other amounts receivable | 41 | €1,536 | €5,444 | +€3,907 | +254% |
| Cash at bank and in hand | 54/58 | €75,614 | €72,764 | -€2,850 | -3.8% |
| Deferred charges and accrued income | 490/1 | €2,528 | €1,279 | -€1,249 | -49.4% |
| Total equity and liabilities | 10/49 | €84,928 | €104,003 | +€19,075 | +22.5% |
| Equity | 10/15 | €69,764 | €78,043 | +€8,279 | +11.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,764 | €73,043 | +€8,279 | +12.8% |
| Distributable reserves | 133 | €64,764 | €73,043 | +€8,279 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,163 | €25,960 | +€10,796 | +71.2% |
| Amounts payable within one year | 42/48 | €15,163 | €25,960 | +€10,796 | +71.2% |
| Trade debts | 44 | €2,739 | €9,829 | +€7,090 | +259% |
| Suppliers | 440/4 | €2,739 | €9,829 | +€7,090 | +259% |
| Taxes, remuneration and social security | 45 | €12,425 | €16,131 | +€3,706 | +29.8% |
| Taxes | 450/3 | €10,960 | €14,385 | +€3,424 | +31.2% |
| Remuneration and social security | 454/9 | €1,464 | €1,746 | +€282 | +19.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,352 | €29,469 | -€3,883 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,734 | €1,956 | +€222 | +12.8% |
| Other operating charges | 640/8 | €503 | €2,861 | +€2,358 | +469% |
| Gross operating margin | 9900 | €116,834 | €77,734 | -€39,100 | -33.5% |
| Operating profit (loss) | 9901 | €81,246 | €43,449 | -€37,797 | -46.5% |
| Financial charges | 65/66B | €32,191 | €27,852 | -€4,339 | -13.5% |
| Recurring financial charges | 65 | €32,191 | €27,852 | -€4,339 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €49,055 | €15,597 | -€33,458 | -68.2% |
| Income taxes | 67/77 | €9,438 | €4,418 | -€5,020 | -53.2% |
| Profit (loss) for the period | 9904 | €39,617 | €11,179 | -€28,438 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,617 | €11,179 | -€28,438 | -71.8% |
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 30 October 2026 via checked.be.