AETU: what changed
Two fiscal 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.
AETU
Largest movements
- Receivables within one year +€156,253
up €156,253 (+319.4%), from €48,918 to €205,171
of which Trade receivables: +€171,834
- Cash -€37,886
down €37,886 (-85.5%), from €44,330 to €6,444
mainly Receivables within one year (-€156,253) and Stocks and contracts (-€31,244)
- Stocks and contracts +€31,244
up €31,244 (+195.3%), from €16,000 to €47,244
- Current portion of long-term debt +€87,293
up €87,293 (+601.2%), from €14,520 to €101,813
- Trade debts +€23,089
up €23,089 (+26.8%), from €86,123 to €109,212
- Reserves +€20,608
up €20,608 (+270.0%), from €7,632 to €28,239
- Tax, wage and social debts +€12,274
up €12,274 (+170.1%), from €7,215 to €19,489
of which Taxes: +€9,143
- Other debts +€5,605
new in 2024: €5,605
- Gross operating margin +€42,820
up €42,820, from -€7,395 to €35,425
- Taxes +€6,352
up €6,352 (+4782.3%), from €133 to €6,485
- Staff costs +€4,143
up €4,143 (+472.1%), from €878 to €5,021
- Depreciation +€1,003
up €1,003 (+52.7%), from €1,903 to €2,906
- Financial charges +€674
up €674 (+80.7%), from €836 to €1,510
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,490 | €265,359 | +€148,868 | +127.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,242 | €6,500 | -€742 | -10.3% |
| Tangible fixed assets | 22/27 | €7,242 | €6,500 | -€742 | -10.3% |
| Plant, machinery and equipment | 23 | €7,242 | €4,759 | -€2,483 | -34.3% |
| Furniture and vehicles | 24 | - | €1,741 | +€1,741 | |
| Current assets | 29/58 | €109,248 | €258,859 | +€149,611 | +136.9% |
| Stocks and contracts in progress | 3 | €16,000 | €47,244 | +€31,244 | +195.3% |
| Stocks | 30/36 | €16,000 | €47,244 | +€31,244 | +195.3% |
| Amounts receivable within one year | 40/41 | €48,918 | €205,171 | +€156,253 | +319.4% |
| Trade receivables | 40 | €33,337 | €205,171 | +€171,834 | +515.4% |
| Other amounts receivable | 41 | €15,581 | €0 | -€15,581 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,330 | €6,444 | -€37,886 | -85.5% |
| Total equity and liabilities | 10/49 | €116,490 | €265,359 | +€148,868 | +127.8% |
| Equity | 10/15 | €8,632 | €29,239 | +€20,608 | +238.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,632 | €28,239 | +€20,608 | +270.0% |
| Distributable reserves | 133 | €7,632 | €28,239 | +€20,608 | +270.0% |
| Amounts payable | 17/49 | €107,859 | €236,119 | +€128,260 | +118.9% |
| Amounts payable within one year | 42/48 | €107,859 | €236,119 | +€128,260 | +118.9% |
| Current portion of amounts payable after more than one year | 42 | €14,520 | €101,813 | +€87,293 | +601.2% |
| Trade debts | 44 | €86,123 | €109,212 | +€23,089 | +26.8% |
| Suppliers | 440/4 | €86,123 | €109,212 | +€23,089 | +26.8% |
| Taxes, remuneration and social security | 45 | €7,215 | €19,489 | +€12,274 | +170.1% |
| Taxes | 450/3 | €7,215 | €16,359 | +€9,143 | +126.7% |
| Remuneration and social security | 454/9 | - | €3,130 | +€3,130 | |
| Other amounts payable | 47/48 | - | €5,605 | +€5,605 | |
| Remuneration, social security and pensions | 62 | €878 | €5,021 | +€4,143 | +472.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,903 | €2,906 | +€1,003 | +52.7% |
| Other operating charges | 640/8 | €109 | €199 | +€90 | +82.7% |
| Gross operating margin | 9900 | -€7,395 | €35,425 | +€42,820 | |
| Operating profit (loss) | 9901 | -€10,284 | €27,300 | +€37,584 | |
| Financial income | 75/76B | €929 | €1,303 | +€374 | +40.2% |
| Recurring financial income | 75 | €929 | €1,303 | +€374 | +40.2% |
| Financial charges | 65/66B | €836 | €1,510 | +€674 | +80.7% |
| Recurring financial charges | 65 | €836 | €1,510 | +€674 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,191 | €27,092 | +€37,283 | |
| Income taxes | 67/77 | €133 | €6,485 | +€6,352 | +4782.3% |
| Profit (loss) for the period | 9904 | -€10,324 | €20,608 | +€30,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,324 | €20,608 | +€30,931 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.