AYMAD: 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.
AYMAD
Largest movements
- Tangible fixed assets +€29,131
up €29,131 (+307.6%), from €9,470 to €38,601
of which Furniture and vehicles: +€27,325
- Cash -€3,321
down €3,321 (-56.8%), from €5,843 to €2,522
mainly Investment in fixed assets (net) (-€37,484) and Net result for the year (-€18,336)
- Financial fixed assets +€2,970
new in 2025: €2,970
- Deferred charges and accrued income -€2,497
no longer reported in 2025 (was €2,497)
- Receivables within one year -€1,720
down €1,720 (-63.2%), from €2,720 to €1,000
of which Trade receivables: -€1,000
- Debts after one year +€22,537
new in 2025: €22,537
- Profit (loss) carried forward -€18,336
down €18,336, from €13,316 to -€5,020
- Tax, wage and social debts +€11,510
up €11,510 (+341.2%), from €3,374 to €14,884
of which Remuneration and social security: +€11,806
- Current portion of long-term debt +€6,045
new in 2025: €6,045
- Accrued charges and deferred income +€3,255
new in 2025: €3,255
- Gross operating margin -€15,930
down €15,930 (-65.7%), from €24,249 to €8,319
- Staff costs +€8,105
up €8,105 (+91.2%), from €8,888 to €16,993
- Depreciation +€5,050
up €5,050 (+541.0%), from €933 to €5,983
- Other operating charges +€1,990
up €1,990 (+542.9%), from €367 to €2,356
- Financial charges +€1,036
up €1,036 (+361.4%), from €287 to €1,322
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 | €25,380 | €49,343 | +€23,963 | +94.4% |
| Fixed assets | 21/28 | €14,320 | €45,821 | +€31,501 | +220.0% |
| Intangible fixed assets | 21 | €4,850 | €4,250 | -€600 | -12.4% |
| Tangible fixed assets | 22/27 | €9,470 | €38,601 | +€29,131 | +307.6% |
| Plant, machinery and equipment | 23 | €1,180 | €1,994 | +€814 | +69.0% |
| Furniture and vehicles | 24 | €4,169 | €31,494 | +€27,325 | +655.5% |
| Other tangible fixed assets | 26 | €4,121 | €5,113 | +€992 | +24.1% |
| Financial fixed assets | 28 | - | €2,970 | +€2,970 | |
| Current assets | 29/58 | €11,060 | €3,522 | -€7,538 | -68.2% |
| Amounts receivable within one year | 40/41 | €2,720 | €1,000 | -€1,720 | -63.2% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,720 | €1,000 | -€720 | -41.9% |
| Cash at bank and in hand | 54/58 | €5,843 | €2,522 | -€3,321 | -56.8% |
| Deferred charges and accrued income | 490/1 | €2,497 | - | -€2,497 | |
| Total equity and liabilities | 10/49 | €25,380 | €49,343 | +€23,963 | +94.4% |
| Equity | 10/15 | €18,316 | -€20 | -€18,336 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Uncalled capital | 101 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,316 | -€5,020 | -€18,336 | |
| Amounts payable | 17/49 | €7,065 | €49,364 | +€42,299 | +598.7% |
| Amounts payable after more than one year | 17 | - | €22,537 | +€22,537 | |
| Financial debts | 170/4 | - | €22,537 | +€22,537 | |
| Amounts payable within one year | 42/48 | €7,065 | €23,572 | +€16,507 | +233.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,045 | +€6,045 | |
| Trade debts | 44 | €814 | €571 | -€243 | -29.8% |
| Suppliers | 440/4 | €814 | €571 | -€243 | -29.8% |
| Taxes, remuneration and social security | 45 | €3,374 | €14,884 | +€11,510 | +341.2% |
| Taxes | 450/3 | €2,519 | €2,223 | -€295 | -11.7% |
| Remuneration and social security | 454/9 | €855 | €12,661 | +€11,806 | +1380.5% |
| Other amounts payable | 47/48 | €2,877 | €2,072 | -€805 | -28.0% |
| Accrued charges and deferred income | 492/3 | - | €3,255 | +€3,255 | |
| Remuneration, social security and pensions | 62 | €8,888 | €16,993 | +€8,105 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €5,983 | +€5,050 | +541.0% |
| Other operating charges | 640/8 | €367 | €2,356 | +€1,990 | +542.9% |
| Gross operating margin | 9900 | €24,249 | €8,319 | -€15,930 | -65.7% |
| Operating profit (loss) | 9901 | €14,061 | -€17,014 | -€31,075 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €287 | €1,322 | +€1,036 | +361.4% |
| Recurring financial charges | 65 | €287 | €1,322 | +€1,036 | +361.4% |
| Profit (loss) for the period before taxes | 9903 | €13,778 | -€18,336 | -€32,114 | |
| Profit (loss) for the period | 9904 | €13,778 | -€18,336 | -€32,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,778 | -€18,336 | -€32,114 |
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.