AYEL: 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.
AYEL
Largest movements
- Receivables within one year -€27,646
down €27,646 (-43.4%), from €63,738 to €36,092
of which Other amounts receivable: -€25,126
- Cash -€4,443
down €4,443 (-98.4%), from €4,515 to €72
mainly Trade debts (-€17,939) and Net result for the year (-€12,464)
- Trade debts -€17,939
down €17,939 (-46.2%), from €38,851 to €20,911
- Profit (loss) carried forward -€12,464
down €12,464 (-9.7%), from -€128,550 to -€141,014
- Tax, wage and social debts -€1,680
down €1,680 (-95.0%), from €1,769 to €89
- Other operating charges -€57,142
down €57,142 (-95.0%), from €60,156 to €3,013
- Gross operating margin +€51,594
up €51,594 (+86.6%), from -€59,594 to -€8,000
- Financial charges -€5,727
down €5,727 (-79.8%), from €7,177 to €1,451
- Depreciation -€1,632
no longer reported in 2025 (was €1,632)
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 | €118,453 | €86,364 | -€32,090 | -27.1% |
| Fixed assets | 21/28 | €2,200 | €2,200 | = | 0.0% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €116,253 | €84,164 | -€32,090 | -27.6% |
| Amounts receivable after more than one year | 29 | €48,000 | €48,000 | = | 0.0% |
| Other amounts receivable | 291 | €48,000 | €48,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,738 | €36,092 | -€27,646 | -43.4% |
| Trade receivables | 40 | €2,520 | - | -€2,520 | |
| Other amounts receivable | 41 | €61,218 | €36,092 | -€25,126 | -41.0% |
| Cash at bank and in hand | 54/58 | €4,515 | €72 | -€4,443 | -98.4% |
| Total equity and liabilities | 10/49 | €118,453 | €86,364 | -€32,090 | -27.1% |
| Equity | 10/15 | €77,827 | €65,363 | -€12,464 | -16.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €194,378 | €194,378 | = | 0.0% |
| Distributable reserves | 133 | €194,378 | €194,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,550 | -€141,014 | -€12,464 | -9.7% |
| Amounts payable | 17/49 | €40,626 | €21,000 | -€19,626 | -48.3% |
| Amounts payable within one year | 42/48 | €40,626 | €21,000 | -€19,626 | -48.3% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €38,851 | €20,911 | -€17,939 | -46.2% |
| Suppliers | 440/4 | €38,851 | €20,911 | -€17,939 | -46.2% |
| Taxes, remuneration and social security | 45 | €1,769 | €89 | -€1,680 | -95.0% |
| Taxes | 450/3 | €1,769 | €89 | -€1,680 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | - | -€1,632 | |
| Other operating charges | 640/8 | €60,156 | €3,013 | -€57,142 | -95.0% |
| Gross operating margin | 9900 | -€59,594 | -€8,000 | +€51,594 | +86.6% |
| Operating profit (loss) | 9901 | -€121,382 | -€11,013 | +€110,368 | +90.9% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €7,177 | €1,451 | -€5,727 | -79.8% |
| Recurring financial charges | 65 | €7,177 | €1,451 | -€5,727 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | -€128,550 | -€12,464 | +€116,087 | +90.3% |
| Profit (loss) for the period | 9904 | -€128,550 | -€12,464 | +€116,087 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,550 | -€12,464 | +€116,087 | +90.3% |
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 5 October 2026 via checked.be.