AYCEK: what changed
Two fiscal 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.
AYCEK
Largest movements
- Receivables within one year +€14,386
up €14,386 (+68.5%), from €20,988 to €35,374
of which Trade receivables: +€14,808
- Cash +€11,150
up €11,150 (+288.9%), from €3,860 to €15,010
mainly Advances received (+€18,763) and Net result for the year (+€3,799)
- Tangible fixed assets -€4,748
down €4,748 (-80.7%), from €5,883 to €1,135
- Deferred charges and accrued income +€913
new in 2025: €913
- Advances received +€18,763
new in 2025: €18,763
- Profit (loss) carried forward +€3,799
up €3,799 (+48.5%), from €7,833 to €11,632
- Trade debts +€3,518
up €3,518 (+981.2%), from €359 to €3,876
- Current portion of long-term debt -€2,370
down €2,370 (-54.8%), from €4,321 to €1,951
- Debts after one year -€1,951
no longer reported in 2025 (was €1,951)
- Depreciation -€4,847
down €4,847 (-78.7%), from €6,155 to €1,308
- Gross operating margin +€3,548
up €3,548 (+51.3%), from €6,910 to €10,458
- Other operating charges +€2,539
up €2,539 (+721.1%), from €352 to €2,891
- Taxes +€2,010
up €2,010 (+1440.8%), from €140 to €2,150
- Financial income -€713
down €713 (-99.9%), from €714 to €1
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 | €30,731 | €52,432 | +€21,701 | +70.6% |
| Fixed assets | 21/28 | €5,883 | €1,135 | -€4,748 | -80.7% |
| Tangible fixed assets | 22/27 | €5,883 | €1,135 | -€4,748 | -80.7% |
| Furniture and vehicles | 24 | €5,883 | €1,135 | -€4,748 | -80.7% |
| Current assets | 29/58 | €24,848 | €51,297 | +€26,449 | +106.4% |
| Amounts receivable within one year | 40/41 | €20,988 | €35,374 | +€14,386 | +68.5% |
| Trade receivables | 40 | €5,399 | €20,207 | +€14,808 | +274.3% |
| Other amounts receivable | 41 | €15,589 | €15,167 | -€422 | -2.7% |
| Cash at bank and in hand | 54/58 | €3,860 | €15,010 | +€11,150 | +288.9% |
| Deferred charges and accrued income | 490/1 | - | €913 | +€913 | |
| Total equity and liabilities | 10/49 | €30,731 | €52,432 | +€21,701 | +70.6% |
| Equity | 10/15 | €21,893 | €25,692 | +€3,799 | +17.4% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 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 | €7,833 | €11,632 | +€3,799 | +48.5% |
| Amounts payable | 17/49 | €8,838 | €26,740 | +€17,902 | +202.6% |
| Amounts payable after more than one year | 17 | €1,951 | - | -€1,951 | |
| Financial debts | 170/4 | €1,951 | - | -€1,951 | |
| Amounts payable within one year | 42/48 | €6,887 | €26,740 | +€19,853 | +288.3% |
| Current portion of amounts payable after more than one year | 42 | €4,321 | €1,951 | -€2,370 | -54.8% |
| Trade debts | 44 | €359 | €3,876 | +€3,518 | +981.2% |
| Suppliers | 440/4 | €359 | €3,876 | +€3,518 | +981.2% |
| Advances received on contracts in progress | 46 | - | €18,763 | +€18,763 | |
| Taxes, remuneration and social security | 45 | €2,207 | €2,150 | -€58 | -2.6% |
| Taxes | 450/3 | €2,207 | €2,150 | -€58 | -2.6% |
| Non-recurring operating income | 76A | €409 | - | -€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,155 | €1,308 | -€4,847 | -78.7% |
| Other operating charges | 640/8 | €352 | €2,891 | +€2,539 | +721.1% |
| Gross operating margin | 9900 | €6,910 | €10,458 | +€3,548 | +51.3% |
| Operating profit (loss) | 9901 | €403 | €6,259 | +€5,856 | +1454.7% |
| Financial income | 75/76B | €714 | €1 | -€713 | -99.9% |
| Recurring financial income | 75 | €714 | €1 | -€713 | -99.9% |
| Financial charges | 65/66B | €563 | €311 | -€252 | -44.8% |
| Recurring financial charges | 65 | €563 | €311 | -€252 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €554 | €5,949 | +€5,395 | +974.2% |
| Income taxes | 67/77 | €140 | €2,150 | +€2,010 | +1440.8% |
| Profit (loss) for the period | 9904 | €414 | €3,799 | +€3,385 | +817.1% |
| Profit (loss) for the period to be appropriated | 9905 | €414 | €3,799 | +€3,385 | +817.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.