AES-Soenen: what changed
What changed
AES-Soenen
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€10,379
2024 · €40,029-€29,650
Equity
€148,382
2024 · €138,003+€10,379
Cash
€16,595
2024 · €22,697-€6,102
Balance sheet total
€298,428
2024 · €281,901+€16,528
Largest movements
Assets
- Receivables within one year +€53,640
up €53,640 (+77.0%), from €69,644 to €123,284
of which Trade receivables: +€35,293
- Stocks and contracts -€32,074
down €32,074 (-21.7%), from €147,611 to €115,537
- Cash -€6,102
down €6,102 (-26.9%), from €22,697 to €16,595
mainly Receivables within one year (-€53,640) and Debts after one year (-€21,715)
Equity and liabilities
- Debts after one year -€21,715
down €21,715 (-24.3%), from €89,238 to €67,523
of which Other amounts payable: -€12,684
- Reserves +€10,379
up €10,379 (+7.8%), from €133,003 to €143,382
- Trade debts +€9,461
up €9,461 (+28.0%), from €33,757 to €43,218
- Short-term financial debts +€8,750
new in 2025: €8,750
- Accrued charges and deferred income +€6,500
new in 2025: €6,500
Income statement
- Gross operating margin -€45,219
down €45,219 (-60.4%), from €74,809 to €29,590
- Taxes -€11,808
down €11,808 (-82.6%), from €14,299 to €2,491
- Financial charges -€4,885
down €4,885 (-62.3%), from €7,840 to €2,955
- Depreciation +€1,420
up €1,420 (+13.0%), from €10,935 to €12,355
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
€40,029
Gross operating margin
-€45,219
Depreciation
-€1,420
Other operating charges
-€13
Financial income
+€309
Financial charges
+€4,885
Taxes
+€11,808
Result 2025
€10,379
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
+€19,583
Investment
-€13,185
Financing
-€12,500
Cash 2024
€22,697
From operations (derived)
+€19,583
Net result for the year
+€10,379
Depreciation
+€12,355
Stocks and contracts
+€32,074
Receivables within one year
-€53,640
Deferred charges and accrued income
-€234
Trade debts
+€9,461
Tax, wage and social debts
-€3,312
Advances received
+€6,000
Accrued charges and deferred income
+€6,500
Investment (derived)
-€13,185
Investment in fixed assets (net)
-€13,185
Financing
-€12,500
Debts after one year
-€21,715
Current portion of long-term debt
+€465
Short-term financial debts
+€8,750
Cash 2025
€16,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,901 | €298,428 | +€16,528 | +5.9% |
| Fixed assets | 21/28 | €41,030 | €41,860 | +€830 | +2.0% |
| Tangible fixed assets | 22/27 | €39,095 | €39,925 | +€830 | +2.1% |
| Plant, machinery and equipment | 23 | €7,733 | €11,765 | +€4,032 | +52.1% |
| Furniture and vehicles | 24 | €25,297 | €23,047 | -€2,249 | -8.9% |
| Other tangible fixed assets | 26 | €6,065 | €5,113 | -€953 | -15.7% |
| Financial fixed assets | 28 | €1,935 | €1,935 | = | 0.0% |
| Current assets | 29/58 | €240,871 | €256,568 | +€15,697 | +6.5% |
| Stocks and contracts in progress | 3 | €147,611 | €115,537 | -€32,074 | -21.7% |
| Stocks | 30/36 | €147,611 | €115,537 | -€32,074 | -21.7% |
| Amounts receivable within one year | 40/41 | €69,644 | €123,284 | +€53,640 | +77.0% |
| Trade receivables | 40 | €64,287 | €99,580 | +€35,293 | +54.9% |
| Other amounts receivable | 41 | €5,357 | €23,704 | +€18,346 | +342% |
| Cash at bank and in hand | 54/58 | €22,697 | €16,595 | -€6,102 | -26.9% |
| Deferred charges and accrued income | 490/1 | €918 | €1,152 | +€234 | +25.5% |
| Total equity and liabilities | 10/49 | €281,901 | €298,428 | +€16,528 | +5.9% |
| Equity | 10/15 | €138,003 | €148,382 | +€10,379 | +7.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €133,003 | €143,382 | +€10,379 | +7.8% |
| Distributable reserves | 133 | €133,003 | €143,382 | +€10,379 | +7.8% |
| Amounts payable | 17/49 | €143,898 | €150,046 | +€6,148 | +4.3% |
| Amounts payable after more than one year | 17 | €89,238 | €67,523 | -€21,715 | -24.3% |
| Financial debts | 170/4 | €12,937 | €3,906 | -€9,031 | -69.8% |
| Other amounts payable | 178/9 | €76,301 | €63,617 | -€12,684 | -16.6% |
| Amounts payable within one year | 42/48 | €54,660 | €76,023 | +€21,363 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €8,566 | €9,031 | +€465 | +5.4% |
| Financial debts | 43 | - | €8,750 | +€8,750 | |
| Credit institutions | 430/8 | - | €8,750 | +€8,750 | |
| Trade debts | 44 | €33,757 | €43,218 | +€9,461 | +28.0% |
| Suppliers | 440/4 | €33,757 | €43,218 | +€9,461 | +28.0% |
| Advances received on contracts in progress | 46 | €9,000 | €15,000 | +€6,000 | +66.7% |
| Taxes, remuneration and social security | 45 | €3,337 | €25 | -€3,312 | -99.2% |
| Taxes | 450/3 | €1,937 | €25 | -€1,912 | -98.7% |
| Remuneration and social security | 454/9 | €1,400 | - | -€1,400 | |
| Accrued charges and deferred income | 492/3 | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,935 | €12,355 | +€1,420 | +13.0% |
| Other operating charges | 640/8 | €1,754 | €1,767 | +€13 | +0.7% |
| Gross operating margin | 9900 | €74,809 | €29,590 | -€45,219 | -60.4% |
| Operating profit (loss) | 9901 | €62,120 | €15,468 | -€46,651 | -75.1% |
| Financial income | 75/76B | €48 | €357 | +€309 | +641% |
| Recurring financial income | 75 | €48 | €357 | +€309 | +641% |
| Financial charges | 65/66B | €7,840 | €2,955 | -€4,885 | -62.3% |
| Recurring financial charges | 65 | €7,840 | €2,955 | -€4,885 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €54,328 | €12,870 | -€41,458 | -76.3% |
| Income taxes | 67/77 | €14,299 | €2,491 | -€11,808 | -82.6% |
| Profit (loss) for the period | 9904 | €40,029 | €10,379 | -€29,650 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,029 | €10,379 | -€29,650 | -74.1% |
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 3 November 2026 via checked.be.