Aiden Belgium: 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.
Aiden Belgium
Largest movements
- Financial fixed assets -€5.8m
down €5.8m (-62.2%), from €9.3m to €3.5m
- Receivables after one year -€1.9m
down €1.9m (-100%), from €1.9m to €0
- Receivables within one year +€1.4m
up €1.4m (+951%), from €143,619 to €1.5m
of which Other amounts receivable: +€1.4m
- Profit (loss) carried forward -€5.9m
down €5.9m (-313%), from -€1.9m to -€7.8m
- Other debts -€4.2m
down €4.2m (-100%), from €4.2m to €0
- Debts after one year +€3.8m
up €3.8m (+41.8%), from €9.1m to €12.9m
of which Other amounts payable: +€4.3m
- Financial charges +€5.4m
up €5.4m (+457%), from €1.2m to €6.6m
of which Non-recurring financial charges: +€5.8m
- Financial income +€627,419
up €627,419 (+692%), from €90,670 to €718,089
- Gross operating margin -€4,662
down €4,662 (-30.3%), from -€15,373 to -€20,035
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 | €11,478,955 | €5,133,881 | -€6.3m | -55.3% |
| Formation expenses | 20 | €126,913 | €86,533 | -€40,380 | -31.8% |
| Fixed assets | 21/28 | €9,250,170 | €3,496,872 | -€5.8m | -62.2% |
| Financial fixed assets | 28 | €9,250,170 | €3,496,872 | -€5.8m | -62.2% |
| Current assets | 29/58 | €2,101,872 | €1,550,477 | -€551,396 | -26.2% |
| Amounts receivable after more than one year | 29 | €1,904,066 | €0 | -€1.9m | -100% |
| Other amounts receivable | 291 | €1,904,066 | €0 | -€1.9m | -100% |
| Amounts receivable within one year | 40/41 | €143,619 | €1,509,655 | +€1.4m | +951% |
| Trade receivables | 40 | €33,637 | €5,911 | -€27,726 | -82.4% |
| Other amounts receivable | 41 | €109,983 | €1,503,744 | +€1.4m | +1,267% |
| Cash at bank and in hand | 54/58 | €54,187 | €40,822 | -€13,366 | -24.7% |
| Total equity and liabilities | 10/49 | €11,478,955 | €5,133,881 | -€6.3m | -55.3% |
| Equity | 10/15 | -€1,870,499 | -€7,801,381 | -€5.9m | -317% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Distributable reserves | 133 | €30 | €30 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,895,529 | -€7,826,411 | -€5.9m | -313% |
| Amounts payable | 17/49 | €13,349,455 | €12,935,262 | -€414,193 | -3.1% |
| Amounts payable after more than one year | 17 | €9,108,648 | €12,912,259 | +€3.8m | +41.8% |
| Financial debts | 170/4 | €8,979,910 | €8,439,199 | -€540,711 | -6.0% |
| Other amounts payable | 178/9 | €128,738 | €4,473,059 | +€4.3m | +3,375% |
| Amounts payable within one year | 42/48 | €4,240,806 | €23,003 | -€4.2m | -99.5% |
| Trade debts | 44 | €55,155 | €23,003 | -€32,152 | -58.3% |
| Suppliers | 440/4 | €55,155 | €23,003 | -€32,152 | -58.3% |
| Taxes, remuneration and social security | 45 | €26,616 | €0 | -€26,616 | -100% |
| Taxes | 450/3 | €26,616 | €0 | -€26,616 | -100% |
| Other amounts payable | 47/48 | €4,159,035 | €0 | -€4.2m | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,380 | €40,380 | +€0 | 0.0% |
| Other operating charges | 640/8 | €918 | €1,053 | +€135 | +14.8% |
| Gross operating margin | 9900 | -€15,373 | -€20,035 | -€4,662 | -30.3% |
| Operating profit (loss) | 9901 | -€56,671 | -€61,468 | -€4,797 | -8.5% |
| Financial income | 75/76B | €90,670 | €718,089 | +€627,419 | +692% |
| Recurring financial income | 75 | €90,670 | €718,089 | +€627,419 | +692% |
| Financial charges | 65/66B | €1,182,793 | €6,587,502 | +€5.4m | +457% |
| Recurring financial charges | 65 | €1,182,793 | €834,204 | -€348,589 | -29.5% |
| Non-recurring financial charges | 66B | €0 | €5,753,298 | +€5.8m | |
| Profit (loss) for the period before taxes | 9903 | -€1,148,794 | -€5,930,881 | -€4.8m | -416% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,148,794 | -€5,930,881 | -€4.8m | -416% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,148,794 | -€5,930,881 | -€4.8m | -416% |
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 30 October 2026 via checked.be.