AESCK Management: 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.
AESCK Management
Largest movements
- Cash +€39,413
up €39,413 (+488.6%), from €8,066 to €47,479
mainly Net result for the year (+€18,651) and Debts after one year (+€16,270)
- Tangible fixed assets +€23,157
up €23,157 (+430.8%), from €5,376 to €28,533
of which Other tangible fixed assets: +€25,554
- Receivables within one year -€13,917
down €13,917 (-57.7%), from €24,123 to €10,207
of which Trade receivables: -€16,736
- Reserves +€18,651
up €18,651 (+85.9%), from €21,707 to €40,359
- Debts after one year +€16,270
new in 2025: €16,270
- Trade debts +€13,061
up €13,061 (+1638.6%), from €797 to €13,859
- Current portion of long-term debt +€3,730
new in 2025: €3,730
- Tax, wage and social debts -€2,950
down €2,950 (-21.9%), from €13,449 to €10,499
of which Remuneration and social security: -€2,350
- Gross operating margin +€11,722
up €11,722 (+60.0%), from €19,520 to €31,242
- Taxes +€2,683
up €2,683 (+56.4%), from €4,756 to €7,439
- Depreciation +€379
up €379 (+16.6%), from €2,282 to €2,661
- Other operating charges -€363
down €363 (-64.1%), from €567 to €204
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 | €38,070 | €86,716 | +€48,646 | +127.8% |
| Fixed assets | 21/28 | €5,376 | €28,533 | +€23,157 | +430.8% |
| Tangible fixed assets | 22/27 | €5,376 | €28,533 | +€23,157 | +430.8% |
| Plant, machinery and equipment | 23 | €5,376 | €2,978 | -€2,397 | -44.6% |
| Other tangible fixed assets | 26 | - | €25,554 | +€25,554 | |
| Current assets | 29/58 | €32,694 | €58,183 | +€25,489 | +78.0% |
| Amounts receivable within one year | 40/41 | €24,123 | €10,207 | -€13,917 | -57.7% |
| Trade receivables | 40 | €17,129 | €393 | -€16,736 | -97.7% |
| Other amounts receivable | 41 | €6,994 | €9,813 | +€2,819 | +40.3% |
| Cash at bank and in hand | 54/58 | €8,066 | €47,479 | +€39,413 | +488.6% |
| Deferred charges and accrued income | 490/1 | €505 | €498 | -€7 | -1.3% |
| Total equity and liabilities | 10/49 | €38,070 | €86,716 | +€48,646 | +127.8% |
| Equity | 10/15 | €23,707 | €42,359 | +€18,651 | +78.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,707 | €40,359 | +€18,651 | +85.9% |
| Distributable reserves | 133 | €21,707 | €40,359 | +€18,651 | +85.9% |
| Amounts payable | 17/49 | €14,362 | €44,357 | +€29,995 | +208.8% |
| Amounts payable after more than one year | 17 | - | €16,270 | +€16,270 | |
| Financial debts | 170/4 | - | €16,270 | +€16,270 | |
| Amounts payable within one year | 42/48 | €14,246 | €28,088 | +€13,841 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,730 | +€3,730 | |
| Trade debts | 44 | €797 | €13,859 | +€13,061 | +1638.6% |
| Suppliers | 440/4 | €797 | €13,859 | +€13,061 | +1638.6% |
| Taxes, remuneration and social security | 45 | €13,449 | €10,499 | -€2,950 | -21.9% |
| Taxes | 450/3 | €11,100 | €10,499 | -€601 | -5.4% |
| Remuneration and social security | 454/9 | €2,350 | €0 | -€2,350 | -100.0% |
| Accrued charges and deferred income | 492/3 | €116 | €0 | -€116 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,282 | €2,661 | +€379 | +16.6% |
| Other operating charges | 640/8 | €567 | €204 | -€363 | -64.1% |
| Non-recurring operating charges | 66A | €0 | €48 | +€48 | |
| Gross operating margin | 9900 | €19,520 | €31,242 | +€11,722 | +60.0% |
| Operating profit (loss) | 9901 | €16,671 | €28,329 | +€11,658 | +69.9% |
| Financial income | 75/76B | €138 | €26 | -€112 | -81.5% |
| Recurring financial income | 75 | €138 | €26 | -€112 | -81.5% |
| Financial charges | 65/66B | €2,081 | €2,265 | +€184 | +8.8% |
| Recurring financial charges | 65 | €2,081 | €2,265 | +€184 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €14,728 | €26,090 | +€11,362 | +77.1% |
| Income taxes | 67/77 | €4,756 | €7,439 | +€2,683 | +56.4% |
| Profit (loss) for the period | 9904 | €9,973 | €18,651 | +€8,679 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,973 | €18,651 | +€8,679 | +87.0% |
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 11 October 2026 via checked.be.