Ai-Em: 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.
Ai-Em
Largest movements
- Cash +€22,391
up €22,391 (+22.1%), from €101,123 to €123,513
mainly Net result for the year (+€42,705) and Depreciation (+€14,124)
- Tangible fixed assets +€10,744
up €10,744 (+13.9%), from €77,216 to €87,961
of which Furniture and vehicles: +€22,356
- Reserves +€21,054
up €21,054 (+17.0%), from €123,984 to €145,038
of which Distributable reserves: +€21,054
- Current portion of long-term debt +€11,408
up €11,408 (+98.4%), from €11,595 to €23,003
- Debts after one year -€4,578
down €4,578 (-20.4%), from €22,480 to €17,902
- Tax, wage and social debts +€2,982
up €2,982 (+9.6%), from €30,929 to €33,911
- Gross operating margin +€40,119
up €40,119 (+111%), from €36,089 to €76,208
- Taxes +€11,825
up €11,825 (+207%), from €5,710 to €17,535
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.
Derived cash bridge
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 | €220,165 | €251,821 | +€31,656 | +14.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €77,216 | €87,961 | +€10,744 | +13.9% |
| Tangible fixed assets | 22/27 | €77,216 | €87,961 | +€10,744 | +13.9% |
| Land and buildings | 22 | €46,184 | €40,411 | -€5,773 | -12.5% |
| Plant, machinery and equipment | 23 | €28,610 | €22,771 | -€5,838 | -20.4% |
| Furniture and vehicles | 24 | €2,422 | €24,778 | +€22,356 | +923% |
| Current assets | 29/58 | €142,949 | €163,860 | +€20,912 | +14.6% |
| Amounts receivable within one year | 40/41 | €37,934 | €38,558 | +€624 | +1.6% |
| Trade receivables | 40 | €37,934 | €38,558 | +€624 | +1.6% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €101,123 | €123,513 | +€22,391 | +22.1% |
| Deferred charges and accrued income | 490/1 | €3,893 | €1,789 | -€2,103 | -54.0% |
| Total equity and liabilities | 10/49 | €220,165 | €251,821 | +€31,656 | +14.4% |
| Equity | 10/15 | €130,184 | €151,238 | +€21,054 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,984 | €145,038 | +€21,054 | +17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,124 | €143,178 | +€21,054 | +17.2% |
| Amounts payable | 17/49 | €89,981 | €100,583 | +€10,602 | +11.8% |
| Amounts payable after more than one year | 17 | €22,480 | €17,902 | -€4,578 | -20.4% |
| Financial debts | 170/4 | €22,480 | €17,902 | -€4,578 | -20.4% |
| Amounts payable within one year | 42/48 | €67,501 | €82,681 | +€15,180 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €11,595 | €23,003 | +€11,408 | +98.4% |
| Trade debts | 44 | €3,632 | €4,270 | +€638 | +17.6% |
| Suppliers | 440/4 | €3,632 | €4,270 | +€638 | +17.6% |
| Taxes, remuneration and social security | 45 | €30,929 | €33,911 | +€2,982 | +9.6% |
| Taxes | 450/3 | €30,929 | €33,911 | +€2,982 | +9.6% |
| Other amounts payable | 47/48 | €21,345 | €21,496 | +€152 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,357 | €14,124 | -€233 | -1.6% |
| Other operating charges | 640/8 | €212 | €62 | -€150 | -70.8% |
| Gross operating margin | 9900 | €36,089 | €76,208 | +€40,119 | +111% |
| Operating profit (loss) | 9901 | €21,520 | €62,022 | +€40,502 | +188% |
| Financial income | 75/76B | €9 | €17 | +€8 | +89.0% |
| Recurring financial income | 75 | €9 | €17 | +€8 | +89.0% |
| Financial charges | 65/66B | €2,442 | €1,800 | -€643 | -26.3% |
| Recurring financial charges | 65 | €2,442 | €1,800 | -€643 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €19,087 | €60,240 | +€41,153 | +216% |
| Income taxes | 67/77 | €5,710 | €17,535 | +€11,825 | +207% |
| Profit (loss) for the period | 9904 | €13,377 | €42,705 | +€29,327 | +219% |
| Profit (loss) for the period to be appropriated | 9905 | €13,377 | €42,705 | +€29,327 | +219% |
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 14 October 2026 via checked.be.