AESG: 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.
AESG
Largest movements
- Cash +€44,509
up €44,509 (+109.3%), from €40,726 to €85,235
mainly Net result for the year (+€41,397) and Accrued charges and deferred income (+€16,500)
- Receivables within one year +€18,185
up €18,185 (+32.3%), from €56,353 to €74,538
of which Trade receivables: +€18,379
- Reserves +€37,897
up €37,897 (+67.3%), from €56,329 to €94,226
of which Distributable reserves: +€37,897
- Accrued charges and deferred income +€16,500
new in 2025: €16,500
- Tax, wage and social debts +€4,384
up €4,384 (+4256.3%), from €103 to €4,487
- Trade debts +€3,423
up €3,423 (+12.5%), from €27,284 to €30,707
- Gross operating margin +€139,705
up €139,705 (+568.3%), from €24,584 to €164,289
- Staff costs +€94,020
up €94,020 (+1360.2%), from €6,912 to €100,932
- Financial income -€32,995
down €32,995 (-99.7%), from €33,105 to €110
of which Non-recurring financial income: -€32,611
- Depreciation +€2,792
up €2,792 (+49.1%), from €5,681 to €8,473
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 | €126,095 | €188,824 | +€62,729 | +49.7% |
| Fixed assets | 21/28 | €26,368 | €26,403 | +€35 | +0.1% |
| Tangible fixed assets | 22/27 | €26,368 | €26,403 | +€35 | +0.1% |
| Plant, machinery and equipment | 23 | - | €1,008 | +€1,008 | |
| Furniture and vehicles | 24 | €26,368 | €25,395 | -€973 | -3.7% |
| Current assets | 29/58 | €99,727 | €162,421 | +€62,694 | +62.9% |
| Stocks and contracts in progress | 3 | €2,648 | €2,648 | = | 0.0% |
| Stocks | 30/36 | €2,648 | €2,648 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,353 | €74,538 | +€18,185 | +32.3% |
| Trade receivables | 40 | €48,667 | €67,046 | +€18,379 | +37.8% |
| Other amounts receivable | 41 | €7,686 | €7,492 | -€194 | -2.5% |
| Cash at bank and in hand | 54/58 | €40,726 | €85,235 | +€44,509 | +109.3% |
| Total equity and liabilities | 10/49 | €126,095 | €188,824 | +€62,729 | +49.7% |
| Equity | 10/15 | €75,329 | €113,226 | +€37,897 | +50.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €56,329 | €94,226 | +€37,897 | +67.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €54,429 | €92,326 | +€37,897 | +69.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,766 | €75,598 | +€24,832 | +48.9% |
| Amounts payable within one year | 42/48 | €50,766 | €59,098 | +€8,332 | +16.4% |
| Trade debts | 44 | €27,284 | €30,707 | +€3,423 | +12.5% |
| Suppliers | 440/4 | €27,284 | €30,707 | +€3,423 | +12.5% |
| Taxes, remuneration and social security | 45 | €103 | €4,487 | +€4,384 | +4256.3% |
| Taxes | 450/3 | €103 | €4,487 | +€4,384 | +4256.3% |
| Other amounts payable | 47/48 | €23,379 | €23,904 | +€525 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €16,500 | +€16,500 | |
| Remuneration, social security and pensions | 62 | €6,912 | €100,932 | +€94,020 | +1360.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,681 | €8,473 | +€2,792 | +49.1% |
| Other operating charges | 640/8 | €2,190 | €1,508 | -€682 | -31.1% |
| Gross operating margin | 9900 | €24,584 | €164,289 | +€139,705 | +568.3% |
| Operating profit (loss) | 9901 | €9,801 | €53,376 | +€43,575 | +444.6% |
| Financial income | 75/76B | €33,105 | €110 | -€32,995 | -99.7% |
| Recurring financial income | 75 | €494 | €110 | -€384 | -77.7% |
| Non-recurring financial income | 76B | €32,611 | - | -€32,611 | |
| Financial charges | 65/66B | €99 | €102 | +€3 | +3.0% |
| Recurring financial charges | 65 | €99 | €102 | +€3 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €42,807 | €53,384 | +€10,577 | +24.7% |
| Income taxes | 67/77 | €12,103 | €11,987 | -€116 | -1.0% |
| Profit (loss) for the period | 9904 | €30,704 | €41,397 | +€10,693 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,704 | €41,397 | +€10,693 | +34.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.