AITEC: 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.
AITEC
Largest movements
- Tangible fixed assets -€50,621
down €50,621 (-4.6%), from €1.1m to €1.1m
of which Land and buildings: -€38,070
- Cash +€19,726
up €19,726 (+115%), from €17,180 to €36,906
mainly Depreciation (+€60,979) and Net result for the year (+€53,342)
- Debts after one year -€61,621
down €61,621 (-11.8%), from €522,625 to €461,004
- Reserves +€53,342
up €53,342 (+626%), from €8,524 to €61,865
- Tax, wage and social debts -€21,365
down €21,365 (-72.8%), from €29,361 to €7,996
of which Remuneration and social security: -€20,946
- Other debts +€20,970
up €20,970 (+35.2%), from €59,548 to €80,518
- Trade debts -€18,334
down €18,334 (-35.4%), from €51,720 to €33,386
- Gross operating margin +€37,071
up €37,071 (+28.7%), from €129,117 to €166,188
- Other operating charges -€19,643
down €19,643 (-50.2%), from €39,093 to €19,450
- Taxes +€15,060
up €15,060 (+1,819%), from €828 to €15,888
- Staff costs -€5,297
down €5,297 (-54.4%), from €9,738 to €4,440
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 | €1,201,094 | €1,174,581 | -€26,513 | -2.2% |
| Fixed assets | 21/28 | €1,112,138 | €1,061,517 | -€50,621 | -4.6% |
| Tangible fixed assets | 22/27 | €1,111,733 | €1,061,112 | -€50,621 | -4.6% |
| Land and buildings | 22 | €1,044,379 | €1,006,309 | -€38,070 | -3.6% |
| Plant, machinery and equipment | 23 | €31,088 | €26,973 | -€4,116 | -13.2% |
| Furniture and vehicles | 24 | €29,952 | €22,171 | -€7,781 | -26.0% |
| Other tangible fixed assets | 26 | €6,314 | €5,660 | -€654 | -10.4% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €88,956 | €113,064 | +€24,108 | +27.1% |
| Stocks and contracts in progress | 3 | €1,500 | €2,006 | +€506 | +33.7% |
| Stocks | 30/36 | €1,500 | €2,006 | +€506 | +33.7% |
| Amounts receivable within one year | 40/41 | €69,860 | €73,749 | +€3,889 | +5.6% |
| Trade receivables | 40 | €51,026 | €59,578 | +€8,551 | +16.8% |
| Other amounts receivable | 41 | €18,834 | €14,172 | -€4,662 | -24.8% |
| Cash at bank and in hand | 54/58 | €17,180 | €36,906 | +€19,726 | +115% |
| Deferred charges and accrued income | 490/1 | €416 | €402 | -€13 | -3.2% |
| Total equity and liabilities | 10/49 | €1,201,094 | €1,174,581 | -€26,513 | -2.2% |
| Equity | 10/15 | €475,100 | €528,441 | +€53,342 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,524 | €61,865 | +€53,342 | +626% |
| Distributable reserves | 133 | €8,524 | €61,865 | +€53,342 | +626% |
| Profit (loss) carried forward | 14 | €447,984 | €447,984 | = | 0.0% |
| Amounts payable | 17/49 | €725,994 | €646,140 | -€79,855 | -11.0% |
| Amounts payable after more than one year | 17 | €522,625 | €461,004 | -€61,621 | -11.8% |
| Financial debts | 170/4 | €522,625 | €461,004 | -€61,621 | -11.8% |
| Amounts payable within one year | 42/48 | €189,536 | €171,862 | -€17,674 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €48,907 | €46,621 | -€2,286 | -4.7% |
| Financial debts | 43 | - | €3,341 | +€3,341 | |
| Credit institutions | 430/8 | - | €3,341 | +€3,341 | |
| Trade debts | 44 | €51,720 | €33,386 | -€18,334 | -35.4% |
| Suppliers | 440/4 | €51,720 | €33,386 | -€18,334 | -35.4% |
| Taxes, remuneration and social security | 45 | €29,361 | €7,996 | -€21,365 | -72.8% |
| Taxes | 450/3 | €7,752 | €7,333 | -€419 | -5.4% |
| Remuneration and social security | 454/9 | €21,609 | €663 | -€20,946 | -96.9% |
| Other amounts payable | 47/48 | €59,548 | €80,518 | +€20,970 | +35.2% |
| Accrued charges and deferred income | 492/3 | €13,833 | €13,274 | -€559 | -4.0% |
| Remuneration, social security and pensions | 62 | €9,738 | €4,440 | -€5,297 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,891 | €60,979 | +€1,087 | +1.8% |
| Other operating charges | 640/8 | €39,093 | €19,450 | -€19,643 | -50.2% |
| Gross operating margin | 9900 | €129,117 | €166,188 | +€37,071 | +28.7% |
| Operating profit (loss) | 9901 | €20,396 | €81,320 | +€60,924 | +299% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €12,903 | €12,178 | -€726 | -5.6% |
| Recurring financial charges | 65 | €12,903 | €12,178 | -€726 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €7,492 | €69,230 | +€61,738 | +824% |
| Income taxes | 67/77 | €828 | €15,888 | +€15,060 | +1,819% |
| Profit (loss) for the period | 9904 | €6,664 | €53,342 | +€46,677 | +700% |
| Profit (loss) for the period to be appropriated | 9905 | €6,664 | €53,342 | +€46,677 | +700% |
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 24 October 2026 via checked.be.