AISET: 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.
AISET
Largest movements
- Intangible fixed assets +€130,098
up €130,098 (+19.6%), from €662,378 to €792,477
- Receivables within one year -€55,659
down €55,659 (-25.9%), from €215,007 to €159,348
of which Trade receivables: -€31,646
- Cash +€21,526
up €21,526 (+98.6%), from €21,829 to €43,355
mainly Depreciation (+€274,695) and Net result for the year (+€161,124)
- Profit (loss) carried forward +€161,124
up €161,124, from -€77,997 to €83,127
- Debts after one year -€59,395
down €59,395 (-12.7%), from €469,472 to €410,077
of which Financial debts: -€53,395
- Trade debts -€27,613
down €27,613 (-11.2%), from €247,195 to €219,582
- Tax, wage and social debts +€22,098
up €22,098 (+35.6%), from €62,096 to €84,194
of which Taxes: +€15,675
- Gross operating margin +€223,852
up €223,852 (+32.5%), from €688,115 to €911,967
- Staff costs +€64,646
up €64,646 (+18.1%), from €356,722 to €421,368
- Depreciation +€23,253
up €23,253 (+9.2%), from €251,442 to €274,695
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 | €906,852 | €1,006,797 | +€99,945 | +11.0% |
| Fixed assets | 21/28 | €662,378 | €799,198 | +€136,819 | +20.7% |
| Intangible fixed assets | 21 | €662,378 | €792,477 | +€130,098 | +19.6% |
| Tangible fixed assets | 22/27 | - | €6,721 | +€6,721 | |
| Furniture and vehicles | 24 | - | €6,721 | +€6,721 | |
| Current assets | 29/58 | €244,473 | €207,599 | -€36,874 | -15.1% |
| Amounts receivable within one year | 40/41 | €215,007 | €159,348 | -€55,659 | -25.9% |
| Trade receivables | 40 | €184,932 | €153,286 | -€31,646 | -17.1% |
| Other amounts receivable | 41 | €30,075 | €6,062 | -€24,013 | -79.8% |
| Cash at bank and in hand | 54/58 | €21,829 | €43,355 | +€21,526 | +98.6% |
| Deferred charges and accrued income | 490/1 | €7,638 | €4,897 | -€2,741 | -35.9% |
| Total equity and liabilities | 10/49 | €906,852 | €1,006,797 | +€99,945 | +11.0% |
| Equity | 10/15 | -€57,997 | €103,127 | +€161,124 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,997 | €83,127 | +€161,124 | |
| Amounts payable | 17/49 | €964,849 | €903,670 | -€61,179 | -6.3% |
| Amounts payable after more than one year | 17 | €469,472 | €410,077 | -€59,395 | -12.7% |
| Financial debts | 170/4 | €227,222 | €173,827 | -€53,395 | -23.5% |
| Other amounts payable | 178/9 | €242,249 | €236,250 | -€5,999 | -2.5% |
| Amounts payable within one year | 42/48 | €485,562 | €482,171 | -€3,391 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €51,272 | €53,395 | +€2,124 | +4.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €247,195 | €219,582 | -€27,613 | -11.2% |
| Suppliers | 440/4 | €247,195 | €219,582 | -€27,613 | -11.2% |
| Taxes, remuneration and social security | 45 | €62,096 | €84,194 | +€22,098 | +35.6% |
| Taxes | 450/3 | €27,418 | €43,094 | +€15,675 | +57.2% |
| Remuneration and social security | 454/9 | €34,677 | €41,100 | +€6,423 | +18.5% |
| Accrued charges and deferred income | 492/3 | €9,815 | €11,422 | +€1,607 | +16.4% |
| Remuneration, social security and pensions | 62 | €356,722 | €421,368 | +€64,646 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,442 | €274,695 | +€23,253 | +9.2% |
| Other operating charges | 640/8 | €1,904 | €1,392 | -€512 | -26.9% |
| Gross operating margin | 9900 | €688,115 | €911,967 | +€223,852 | +32.5% |
| Operating profit (loss) | 9901 | €78,047 | €214,512 | +€136,465 | +174.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €40,499 | €40,087 | -€412 | -1.0% |
| Recurring financial charges | 65 | €40,499 | €40,087 | -€412 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €37,549 | €174,425 | +€136,876 | +364.5% |
| Income taxes | 67/77 | €4,496 | €13,301 | +€8,806 | +195.9% |
| Profit (loss) for the period | 9904 | €33,053 | €161,124 | +€128,071 | +387.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,053 | €161,124 | +€128,071 | +387.5% |
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 9 October 2026 via checked.be.