AEXNA: 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.
AEXNA
Largest movements
- Receivables within one year +€26,984
up €26,984 (+12.6%), from €214,064 to €241,048
of which Trade receivables: +€14,070
- Cash +€3,734
up €3,734 (+3211.1%), from €116 to €3,850
mainly Tax, wage and social debts (+€38,353) and Trade debts (+€1,368)
- Tax, wage and social debts +€38,353
new in 2025: €38,353
of which Taxes: +€35,082
- Profit (loss) carried forward -€9,460
down €9,460 (-4.5%), from €211,627 to €202,166
- Gross operating margin -€49,008
down €49,008 (-55.8%), from €87,840 to €38,832
- Taxes +€13,419
up €13,419 (+109.8%), from €12,219 to €25,639
- Financial income +€12,108
new in 2025: €12,108
- Staff costs +€7,214
up €7,214 (+36.3%), from €19,857 to €27,071
- Financial charges +€4,306
up €4,306 (+302.2%), from €1,425 to €5,731
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 | €215,320 | €244,898 | +€29,578 | +13.7% |
| Fixed assets | 21/28 | €1,140 | €0 | -€1,140 | -100.0% |
| Tangible fixed assets | 22/27 | €1,140 | €0 | -€1,140 | -100.0% |
| Plant, machinery and equipment | 23 | €1,140 | €0 | -€1,140 | -100.0% |
| Current assets | 29/58 | €214,180 | €244,898 | +€30,718 | +14.3% |
| Amounts receivable within one year | 40/41 | €214,064 | €241,048 | +€26,984 | +12.6% |
| Trade receivables | 40 | - | €14,070 | +€14,070 | |
| Other amounts receivable | 41 | €214,064 | €226,978 | +€12,914 | +6.0% |
| Cash at bank and in hand | 54/58 | €116 | €3,850 | +€3,734 | +3211.1% |
| Total equity and liabilities | 10/49 | €215,320 | €244,898 | +€29,578 | +13.7% |
| Equity | 10/15 | €214,127 | €204,666 | -€9,460 | -4.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,627 | €202,166 | -€9,460 | -4.5% |
| Amounts payable | 17/49 | €1,193 | €40,231 | +€39,038 | +3272.8% |
| Amounts payable within one year | 42/48 | €1,193 | €40,231 | +€39,038 | +3272.8% |
| Financial debts | 43 | €682 | €0 | -€682 | -100.0% |
| Credit institutions | 430/8 | €682 | €0 | -€682 | -100.0% |
| Trade debts | 44 | €510 | €1,879 | +€1,368 | +268.0% |
| Suppliers | 440/4 | €510 | €1,879 | +€1,368 | +268.0% |
| Taxes, remuneration and social security | 45 | - | €38,353 | +€38,353 | |
| Taxes | 450/3 | - | €35,082 | +€35,082 | |
| Remuneration and social security | 454/9 | - | €3,271 | +€3,271 | |
| Remuneration, social security and pensions | 62 | €19,857 | €27,071 | +€7,214 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €1,140 | +€28 | +2.5% |
| Other operating charges | 640/8 | €63 | €820 | +€757 | +1199.2% |
| Gross operating margin | 9900 | €87,840 | €38,832 | -€49,008 | -55.8% |
| Operating profit (loss) | 9901 | €66,808 | €9,802 | -€57,006 | -85.3% |
| Financial income | 75/76B | - | €12,108 | +€12,108 | |
| Recurring financial income | 75 | - | €12,108 | +€12,108 | |
| Financial charges | 65/66B | €1,425 | €5,731 | +€4,306 | +302.2% |
| Recurring financial charges | 65 | €1,425 | €5,731 | +€4,306 | +302.2% |
| Profit (loss) for the period before taxes | 9903 | €65,383 | €16,179 | -€49,204 | -75.3% |
| Income taxes | 67/77 | €12,219 | €25,639 | +€13,419 | +109.8% |
| Profit (loss) for the period | 9904 | €53,163 | -€9,460 | -€62,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,163 | -€9,460 | -€62,624 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.