AETEC: 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.
AETEC
Largest movements
- Cash +€494,912
up €494,912 (+250.1%), from €197,851 to €692,763
mainly Trade debts (+€283,228) and Net result for the year (+€208,616)
- Receivables within one year +€154,283
up €154,283 (+73.1%), from €211,011 to €365,294
of which Trade receivables: +€122,510
- Stocks and contracts -€130,236
down €130,236 (-36.7%), from €355,345 to €225,110
- Deferred charges and accrued income +€24,900
up €24,900 (+19.4%), from €128,659 to €153,559
- Trade debts +€283,228
up €283,228 (+125.0%), from €226,652 to €509,880
- Profit (loss) carried forward +€208,616
up €208,616 (+60.2%), from -€346,782 to -€138,167
- Short-term financial debts +€125,000
up €125,000 (+55.6%), from €225,000 to €350,000
- Accrued charges and deferred income -€68,413
down €68,413 (-32.2%), from €212,188 to €143,775
- Current portion of long-term debt -€19,850
no longer reported in 2025 (was €19,850)
- Gross operating margin +€743,559
up €743,559 (+552.5%), from €134,589 to €878,149
- Staff costs +€99,370
up €99,370 (+18.9%), from €525,811 to €625,181
- Financial charges -€18,790
down €18,790 (-41.1%), from €45,742 to €26,952
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 | €933,404 | €1,464,515 | +€531,110 | +56.9% |
| Fixed assets | 21/28 | €40,538 | €27,789 | -€12,749 | -31.5% |
| Tangible fixed assets | 22/27 | €39,738 | €26,989 | -€12,749 | -32.1% |
| Plant, machinery and equipment | 23 | €15,271 | €11,015 | -€4,255 | -27.9% |
| Furniture and vehicles | 24 | €17,369 | €10,429 | -€6,940 | -40.0% |
| Other tangible fixed assets | 26 | €7,098 | €5,544 | -€1,554 | -21.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €892,867 | €1,436,726 | +€543,860 | +60.9% |
| Stocks and contracts in progress | 3 | €355,345 | €225,110 | -€130,236 | -36.7% |
| Stocks | 30/36 | €355,345 | €225,110 | -€130,236 | -36.7% |
| Amounts receivable within one year | 40/41 | €211,011 | €365,294 | +€154,283 | +73.1% |
| Trade receivables | 40 | €185,488 | €307,997 | +€122,510 | +66.0% |
| Other amounts receivable | 41 | €25,524 | €57,297 | +€31,773 | +124.5% |
| Cash at bank and in hand | 54/58 | €197,851 | €692,763 | +€494,912 | +250.1% |
| Deferred charges and accrued income | 490/1 | €128,659 | €153,559 | +€24,900 | +19.4% |
| Total equity and liabilities | 10/49 | €933,404 | €1,464,515 | +€531,110 | +56.9% |
| Equity | 10/15 | -€21,176 | €187,439 | +€208,616 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €319,406 | €319,406 | = | 0.0% |
| Distributable reserves | 133 | €319,406 | €319,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€346,782 | -€138,167 | +€208,616 | +60.2% |
| Amounts payable | 17/49 | €954,581 | €1,277,076 | +€322,495 | +33.8% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €542,393 | €933,301 | +€390,908 | +72.1% |
| Current portion of amounts payable after more than one year | 42 | €19,850 | - | -€19,850 | |
| Financial debts | 43 | €225,000 | €350,000 | +€125,000 | +55.6% |
| Credit institutions | 430/8 | €225,000 | €350,000 | +€125,000 | +55.6% |
| Trade debts | 44 | €226,652 | €509,880 | +€283,228 | +125.0% |
| Suppliers | 440/4 | €226,652 | €509,880 | +€283,228 | +125.0% |
| Taxes, remuneration and social security | 45 | €45,008 | €43,233 | -€1,774 | -3.9% |
| Taxes | 450/3 | €5,009 | €2,243 | -€2,766 | -55.2% |
| Remuneration and social security | 454/9 | €39,999 | €40,991 | +€992 | +2.5% |
| Other amounts payable | 47/48 | €25,883 | €30,187 | +€4,304 | +16.6% |
| Accrued charges and deferred income | 492/3 | €212,188 | €143,775 | -€68,413 | -32.2% |
| Non-recurring operating income | 76A | €11,552 | - | -€11,552 | |
| Remuneration, social security and pensions | 62 | €525,811 | €625,181 | +€99,370 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,892 | €15,732 | +€2,840 | +22.0% |
| Other operating charges | 640/8 | €8,022 | €8,321 | +€299 | +3.7% |
| Non-recurring operating charges | 66A | €2,330 | -€342 | -€2,672 | |
| Gross operating margin | 9900 | €134,589 | €878,149 | +€743,559 | +552.5% |
| Operating profit (loss) | 9901 | -€414,466 | €229,256 | +€643,722 | |
| Financial income | 75/76B | €1,259 | €6,942 | +€5,684 | +451.5% |
| Recurring financial income | 75 | €1,259 | €6,942 | +€5,684 | +451.5% |
| Financial charges | 65/66B | €45,742 | €26,952 | -€18,790 | -41.1% |
| Recurring financial charges | 65 | €45,742 | €26,952 | -€18,790 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | -€458,949 | €209,247 | +€668,196 | |
| Income taxes | 67/77 | €468 | €631 | +€163 | +34.8% |
| Profit (loss) for the period | 9904 | -€459,417 | €208,616 | +€668,033 | |
| Profit (loss) for the period to be appropriated | 9905 | -€459,417 | €208,616 | +€668,033 |
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 9 October 2026 via checked.be.