AES EUROPE: what changed
What changed
AES EUROPE
NACE 46.649, Wholesale of other machinery and equipment
filed annual accounts (NBB)
Net result for the year
-€164,012
2024 · €170,440-€334,452
Equity
€83,988
2024 · €248,001-€164,012
Cash
€18,238
2024 · €6,774+€11,465
Balance sheet total
€1.4m
2024 · €871,446+€506,511
Largest movements
Assets
- Receivables within one year +€980,205
up €980,205 (+468%), from €209,235 to €1.2m
of which Other amounts receivable: +€630,613
- Stocks and contracts -€497,558
down €497,558 (-83.0%), from €599,803 to €102,245
- Receivables after one year +€22,043
new in 2025: €22,043
Equity and liabilities
- Other debts +€528,598
up €528,598 (+89,431%), from €591 to €529,189
- Advances received +€204,825
up €204,825 (+130%), from €157,420 to €362,245
- Profit (loss) carried forward -€184,560
down €184,560 (-100%), from €184,560 to €0
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€20,547
new in 2025: €20,547
Income statement
- Gross operating margin -€408,564
down €408,564, from €347,774 to -€60,791
- Taxes -€85,712
down €85,712 (-99.6%), from €86,026 to €314
- Other operating charges +€9,641
up €9,641 (+340%), from €2,835 to €12,476
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€170,440
Gross operating margin
-€408,564
Staff costs
-€745
Depreciation
-€2,152
Other operating charges
-€9,641
Financial income
+€1,498
Financial charges
-€560
Taxes
+€85,712
Result 2025
-€164,012
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€78,879
Investment
-€3,150
Financing
-€64,264
Cash 2024
€6,774
From operations (derived)
+€78,879
Net result for the year
-€164,012
Depreciation
+€14,733
Receivables after one year
-€22,043
Stocks and contracts
+€497,558
Receivables within one year
-€980,205
Deferred charges and accrued income
-€1,939
Trade debts
-€2,692
Tax, wage and social debts
-€2,914
Advances received
+€204,825
Other debts
+€528,598
Accrued charges and deferred income
+€6,971
Investment (derived)
-€3,150
Investment in fixed assets (net)
-€3,150
Financing
-€64,264
Current portion of long-term debt
-€14,264
Short-term financial debts
-€50,000
Cash 2025
€18,238
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,446 | €1,377,957 | +€506,511 | +58.1% |
| Fixed assets | 21/28 | €55,338 | €43,755 | -€11,583 | -20.9% |
| Tangible fixed assets | 22/27 | €43,338 | €43,605 | +€267 | +0.6% |
| Plant, machinery and equipment | 23 | €17,036 | €13,314 | -€3,722 | -21.8% |
| Furniture and vehicles | 24 | €22,851 | €27,225 | +€4,374 | +19.1% |
| Other tangible fixed assets | 26 | €3,451 | €3,066 | -€385 | -11.2% |
| Financial fixed assets | 28 | €12,000 | €150 | -€11,850 | -98.8% |
| Current assets | 29/58 | €816,108 | €1,334,201 | +€518,093 | +63.5% |
| Amounts receivable after more than one year | 29 | - | €22,043 | +€22,043 | |
| Other amounts receivable | 291 | - | €22,043 | +€22,043 | |
| Stocks and contracts in progress | 3 | €599,803 | €102,245 | -€497,558 | -83.0% |
| Stocks | 30/36 | €599,803 | €102,245 | -€497,558 | -83.0% |
| Amounts receivable within one year | 40/41 | €209,235 | €1,189,440 | +€980,205 | +468% |
| Trade receivables | 40 | €209,235 | €558,827 | +€349,592 | +167% |
| Other amounts receivable | 41 | - | €630,613 | +€630,613 | |
| Cash at bank and in hand | 54/58 | €6,774 | €18,238 | +€11,465 | +169% |
| Deferred charges and accrued income | 490/1 | €296 | €2,235 | +€1,939 | +655% |
| Total equity and liabilities | 10/49 | €871,446 | €1,377,957 | +€506,511 | +58.1% |
| Equity | 10/15 | €248,001 | €83,988 | -€164,012 | -66.1% |
| Contributions | 10/11 | €63,441 | €63,441 | = | 0.0% |
| Reserves | 13 | - | €20,547 | +€20,547 | |
| Distributable reserves | 133 | - | €20,547 | +€20,547 | |
| Profit (loss) carried forward | 14 | €184,560 | €0 | -€184,560 | -100% |
| Amounts payable | 17/49 | €623,445 | €1,293,968 | +€670,523 | +108% |
| Amounts payable within one year | 42/48 | €623,445 | €1,286,998 | +€663,552 | +106% |
| Current portion of amounts payable after more than one year | 42 | €21,834 | €7,570 | -€14,264 | -65.3% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €347,846 | €345,154 | -€2,692 | -0.8% |
| Suppliers | 440/4 | €347,846 | €345,154 | -€2,692 | -0.8% |
| Advances received on contracts in progress | 46 | €157,420 | €362,245 | +€204,825 | +130% |
| Taxes, remuneration and social security | 45 | €45,754 | €42,840 | -€2,914 | -6.4% |
| Taxes | 450/3 | €27,799 | €20,236 | -€7,563 | -27.2% |
| Remuneration and social security | 454/9 | €17,955 | €22,604 | +€4,649 | +25.9% |
| Other amounts payable | 47/48 | €591 | €529,189 | +€528,598 | +89,431% |
| Accrued charges and deferred income | 492/3 | - | €6,971 | +€6,971 | |
| Remuneration, social security and pensions | 62 | €70,754 | €71,499 | +€745 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,581 | €14,733 | +€2,152 | +17.1% |
| Other operating charges | 640/8 | €2,835 | €12,476 | +€9,641 | +340% |
| Gross operating margin | 9900 | €347,774 | -€60,791 | -€408,564 | |
| Operating profit (loss) | 9901 | €261,604 | -€159,498 | -€421,102 | |
| Financial income | 75/76B | €63 | €1,561 | +€1,498 | +2,379% |
| Recurring financial income | 75 | €63 | €1,561 | +€1,498 | +2,379% |
| Financial charges | 65/66B | €5,201 | €5,761 | +€560 | +10.8% |
| Recurring financial charges | 65 | €5,201 | €5,761 | +€560 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €256,466 | -€163,698 | -€420,164 | |
| Income taxes | 67/77 | €86,026 | €314 | -€85,712 | -99.6% |
| Profit (loss) for the period | 9904 | €170,440 | -€164,012 | -€334,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,440 | -€164,012 | -€334,452 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.