Arno Janssen AEW: 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.
Arno Janssen AEW
Largest movements
- Receivables within one year -€9,977
down €9,977 (-41.8%), from €23,890 to €13,913
of which Trade receivables: -€11,608
- Stocks and contracts +€9,566
up €9,566 (+191%), from €4,998 to €14,564
- Cash +€9,104
up €9,104 (+10.8%), from €84,133 to €93,237
mainly Net result for the year (+€12,827) and Receivables within one year (+€9,977)
- Tangible fixed assets -€3,485
down €3,485 (-23.6%), from €14,738 to €11,253
of which Furniture and vehicles: -€5,222
- Reserves +€12,827
up €12,827 (+12.8%), from €100,092 to €112,918
- Trade debts -€7,421
down €7,421 (-81.8%), from €9,067 to €1,646
- Tax, wage and social debts -€3,969
down €3,969 (-52.6%), from €7,540 to €3,571
- Other debts +€3,774
up €3,774 (+18.6%), from €20,296 to €24,070
- Gross operating margin -€17,810
down €17,810 (-42.3%), from €42,136 to €24,326
- Taxes -€3,969
down €3,969 (-52.6%), from €7,540 to €3,571
- Depreciation +€562
up €562 (+8.1%), from €6,974 to €7,535
- Financial charges +€522
up €522 (+120%), from €435 to €958
- Financial income +€465
up €465 (+40.0%), from €1,165 to €1,630
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 | €140,029 | €145,205 | +€5,176 | +3.7% |
| Formation expenses | 20 | €470 | €253 | -€217 | -46.1% |
| Fixed assets | 21/28 | €16,388 | €12,903 | -€3,485 | -21.3% |
| Tangible fixed assets | 22/27 | €14,738 | €11,253 | -€3,485 | -23.6% |
| Land and buildings | 22 | - | €3,456 | +€3,456 | |
| Plant, machinery and equipment | 23 | €3,942 | €2,224 | -€1,719 | -43.6% |
| Furniture and vehicles | 24 | €10,796 | €5,574 | -€5,222 | -48.4% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €123,171 | €132,049 | +€8,877 | +7.2% |
| Stocks and contracts in progress | 3 | €4,998 | €14,564 | +€9,566 | +191% |
| Stocks | 30/36 | €4,998 | €14,564 | +€9,566 | +191% |
| Amounts receivable within one year | 40/41 | €23,890 | €13,913 | -€9,977 | -41.8% |
| Trade receivables | 40 | €19,848 | €8,240 | -€11,608 | -58.5% |
| Other amounts receivable | 41 | €4,043 | €5,673 | +€1,630 | +40.3% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,133 | €93,237 | +€9,104 | +10.8% |
| Deferred charges and accrued income | 490/1 | €150 | €334 | +€184 | +123% |
| Total equity and liabilities | 10/49 | €140,029 | €145,205 | +€5,176 | +3.7% |
| Equity | 10/15 | €103,092 | €115,918 | +€12,827 | +12.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,092 | €112,918 | +€12,827 | +12.8% |
| Distributable reserves | 133 | €100,092 | €112,918 | +€12,827 | +12.8% |
| Amounts payable | 17/49 | €36,938 | €29,287 | -€7,651 | -20.7% |
| Amounts payable within one year | 42/48 | €36,903 | €29,287 | -€7,616 | -20.6% |
| Trade debts | 44 | €9,067 | €1,646 | -€7,421 | -81.8% |
| Suppliers | 440/4 | €9,067 | €1,646 | -€7,421 | -81.8% |
| Taxes, remuneration and social security | 45 | €7,540 | €3,571 | -€3,969 | -52.6% |
| Taxes | 450/3 | €7,540 | €3,571 | -€3,969 | -52.6% |
| Other amounts payable | 47/48 | €20,296 | €24,070 | +€3,774 | +18.6% |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,974 | €7,535 | +€562 | +8.1% |
| Other operating charges | 640/8 | €881 | €1,066 | +€186 | +21.1% |
| Gross operating margin | 9900 | €42,136 | €24,326 | -€17,810 | -42.3% |
| Operating profit (loss) | 9901 | €34,282 | €15,725 | -€18,557 | -54.1% |
| Financial income | 75/76B | €1,165 | €1,630 | +€465 | +40.0% |
| Recurring financial income | 75 | €1,165 | €1,630 | +€465 | +40.0% |
| Financial charges | 65/66B | €435 | €958 | +€522 | +120% |
| Recurring financial charges | 65 | €435 | €958 | +€522 | +120% |
| Profit (loss) for the period before taxes | 9903 | €35,011 | €16,397 | -€18,614 | -53.2% |
| Income taxes | 67/77 | €7,540 | €3,571 | -€3,969 | -52.6% |
| Profit (loss) for the period | 9904 | €27,471 | €12,827 | -€14,645 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,471 | €12,827 | -€14,645 | -53.3% |
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 28 October 2026 via checked.be.