AIEC: 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.
AIEC
Largest movements
- Cash +€12,903
up €12,903 (+14.7%), from €88,024 to €100,926
mainly Depreciation (+€14,814) and Net result for the year (+€10,352)
- Tangible fixed assets -€12,848
down €12,848 (-8.5%), from €150,468 to €137,619
of which Land and buildings: -€7,273
- Profit (loss) carried forward +€10,352
up €10,352 (+8.5%), from €121,295 to €131,646
- Debts after one year -€8,068
down €8,068 (-8.6%), from €93,801 to €85,733
- Trade debts +€4,989
up €4,989 (+493%), from €1,012 to €6,001
- Tax, wage and social debts -€3,936
no longer reported in 2025 (was €3,936)
- Staff costs -€18,787
down €18,787 (-89.0%), from €21,109 to €2,322
- Gross operating margin -€7,542
down €7,542 (-19.1%), from €39,514 to €31,972
- Taxes -€1,404
no longer reported in 2025 (was €1,404)
- Depreciation +€409
up €409 (+2.8%), from €14,405 to €14,814
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 | €250,694 | €251,909 | +€1,215 | +0.5% |
| Fixed assets | 21/28 | €150,468 | €137,619 | -€12,848 | -8.5% |
| Tangible fixed assets | 22/27 | €150,468 | €137,619 | -€12,848 | -8.5% |
| Land and buildings | 22 | €121,217 | €113,943 | -€7,273 | -6.0% |
| Furniture and vehicles | 24 | €6,103 | €4,003 | -€2,100 | -34.4% |
| Other tangible fixed assets | 26 | €23,148 | €19,673 | -€3,475 | -15.0% |
| Current assets | 29/58 | €100,226 | €114,289 | +€14,063 | +14.0% |
| Amounts receivable within one year | 40/41 | €12,203 | €12,740 | +€537 | +4.4% |
| Trade receivables | 40 | €9,534 | €8,804 | -€730 | -7.7% |
| Other amounts receivable | 41 | €2,668 | €3,936 | +€1,268 | +47.5% |
| Cash at bank and in hand | 54/58 | €88,024 | €100,926 | +€12,903 | +14.7% |
| Deferred charges and accrued income | 490/1 | - | €623 | +€623 | |
| Total equity and liabilities | 10/49 | €250,694 | €251,909 | +€1,215 | +0.5% |
| Equity | 10/15 | €141,755 | €152,106 | +€10,352 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,295 | €131,646 | +€10,352 | +8.5% |
| Amounts payable | 17/49 | €108,939 | €99,802 | -€9,137 | -8.4% |
| Amounts payable after more than one year | 17 | €93,801 | €85,733 | -€8,068 | -8.6% |
| Financial debts | 170/4 | €93,801 | €85,733 | -€8,068 | -8.6% |
| Amounts payable within one year | 42/48 | €15,138 | €14,069 | -€1,069 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €7,930 | €8,068 | +€138 | +1.7% |
| Financial debts | 43 | €2,260 | - | -€2,260 | |
| Credit institutions | 430/8 | €2,260 | - | -€2,260 | |
| Trade debts | 44 | €1,012 | €6,001 | +€4,989 | +493% |
| Suppliers | 440/4 | €1,012 | €6,001 | +€4,989 | +493% |
| Taxes, remuneration and social security | 45 | €3,936 | - | -€3,936 | |
| Taxes | 450/3 | €3,936 | - | -€3,936 | |
| Remuneration, social security and pensions | 62 | €21,109 | €2,322 | -€18,787 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,405 | €14,814 | +€409 | +2.8% |
| Other operating charges | 640/8 | €2,610 | €2,683 | +€73 | +2.8% |
| Gross operating margin | 9900 | €39,514 | €31,972 | -€7,542 | -19.1% |
| Operating profit (loss) | 9901 | €1,390 | €12,154 | +€10,764 | +774% |
| Financial income | 75/76B | €1,015 | €843 | -€171 | -16.9% |
| Recurring financial income | 75 | €1,015 | €843 | -€171 | -16.9% |
| Financial charges | 65/66B | €2,705 | €2,646 | -€59 | -2.2% |
| Recurring financial charges | 65 | €2,705 | €2,646 | -€59 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€300 | €10,352 | +€10,651 | |
| Income taxes | 67/77 | €1,404 | - | -€1,404 | |
| Profit (loss) for the period | 9904 | -€1,704 | €10,352 | +€12,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,704 | €10,352 | +€12,055 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.