Aimax Assets: 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.
Aimax Assets
Largest movements
- Tangible fixed assets -€511,938
down €511,938 (-17.7%), from €2.9m to €2.4m
- Financial fixed assets -€371,040
down €371,040 (-61.8%), from €600,000 to €228,960
- Receivables after one year +€320,000
up €320,000 (+3,200%), from €10,000 to €330,000
- Deferred charges and accrued income -€120,000
down €120,000 (-100%), from €120,000 to €0
- Cash +€80,164
up €80,164 (+632%), from €12,679 to €92,842
- Debts after one year -€1.3m
down €1.3m (-65.4%), from €1.9m to €667,908
- Reserves +€556,000
up €556,000 (+33.8%), from €1.6m to €2.2m
- Current portion of long-term debt -€65,799
down €65,799 (-50.1%), from €131,211 to €65,412
- Trade debts +€42,815
up €42,815 (+1,403%), from €3,052 to €45,867
- Financial income +€561,668
up €561,668 (+17,055%), from €3,293 to €564,962
of which Non-recurring financial income: +€480,210
- Depreciation +€172,795
up €172,795 (+147%), from €117,528 to €290,323
- Financial charges +€109,828
up €109,828 (+229%), from €47,949 to €157,777
- Taxes -€61,377
down €61,377 (-82.2%), from €74,699 to €13,322
- Gross operating margin -€23,737
down €23,737 (-4.7%), from €510,347 to €486,610
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,793,129 | €3,067,463 | -€725,666 | -19.1% |
| Fixed assets | 21/28 | €3,488,846 | €2,605,868 | -€882,978 | -25.3% |
| Tangible fixed assets | 22/27 | €2,888,846 | €2,376,908 | -€511,938 | -17.7% |
| Land and buildings | 22 | €2,888,846 | €2,376,908 | -€511,938 | -17.7% |
| Financial fixed assets | 28 | €600,000 | €228,960 | -€371,040 | -61.8% |
| Current assets | 29/58 | €304,283 | €461,595 | +€157,312 | +51.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €330,000 | +€320,000 | +3,200% |
| Other amounts receivable | 291 | €10,000 | €330,000 | +€320,000 | +3,200% |
| Amounts receivable within one year | 40/41 | €86,604 | €38,753 | -€47,851 | -55.3% |
| Trade receivables | 40 | €79,565 | €38,740 | -€40,826 | -51.3% |
| Other amounts receivable | 41 | €7,039 | €13 | -€7,026 | -99.8% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €12,679 | €92,842 | +€80,164 | +632% |
| Deferred charges and accrued income | 490/1 | €120,000 | €0 | -€120,000 | -100% |
| Total equity and liabilities | 10/49 | €3,793,129 | €3,067,463 | -€725,666 | -19.1% |
| Equity | 10/15 | €1,667,236 | €2,223,283 | +€556,047 | +33.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,647,000 | €2,203,000 | +€556,000 | +33.8% |
| Distributable reserves | 133 | €1,647,000 | €2,203,000 | +€556,000 | +33.8% |
| Profit (loss) carried forward | 14 | €236 | €283 | +€47 | +20.1% |
| Amounts payable | 17/49 | €2,125,893 | €844,180 | -€1.3m | -60.3% |
| Amounts payable after more than one year | 17 | €1,933,114 | €667,908 | -€1.3m | -65.4% |
| Financial debts | 170/4 | €1,933,114 | €667,908 | -€1.3m | -65.4% |
| Amounts payable within one year | 42/48 | €192,779 | €176,271 | -€16,508 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €131,211 | €65,412 | -€65,799 | -50.1% |
| Trade debts | 44 | €3,052 | €45,867 | +€42,815 | +1,403% |
| Suppliers | 440/4 | €3,052 | €45,867 | +€42,815 | +1,403% |
| Advances received on contracts in progress | 46 | - | €7,235 | +€7,235 | |
| Taxes, remuneration and social security | 45 | €44,854 | €57,758 | +€12,904 | +28.8% |
| Taxes | 450/3 | €25,954 | €57,758 | +€31,804 | +123% |
| Remuneration and social security | 454/9 | €18,900 | €0 | -€18,900 | -100% |
| Other amounts payable | 47/48 | €13,663 | €0 | -€13,663 | -100% |
| Non-recurring operating income | 76A | - | €205 | +€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,528 | €290,323 | +€172,795 | +147% |
| Other operating charges | 640/8 | €16,163 | €34,103 | +€17,939 | +111% |
| Gross operating margin | 9900 | €510,347 | €486,610 | -€23,737 | -4.7% |
| Operating profit (loss) | 9901 | €376,656 | €162,184 | -€214,472 | -56.9% |
| Financial income | 75/76B | €3,293 | €564,962 | +€561,668 | +17,055% |
| Recurring financial income | 75 | €3,293 | €84,752 | +€81,458 | +2,473% |
| Non-recurring financial income | 76B | - | €480,210 | +€480,210 | |
| Financial charges | 65/66B | €47,949 | €157,777 | +€109,828 | +229% |
| Recurring financial charges | 65 | €47,949 | €157,777 | +€109,828 | +229% |
| Profit (loss) for the period before taxes | 9903 | €332,000 | €569,369 | +€237,369 | +71.5% |
| Income taxes | 67/77 | €74,699 | €13,322 | -€61,377 | -82.2% |
| Profit (loss) for the period | 9904 | €257,301 | €556,047 | +€298,746 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €257,301 | €556,047 | +€298,746 | +116% |
Source: filed annual accounts (NBB), financial years ended 31 March 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.