S.A. AEDES IMMO: 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.
S.A. AEDES IMMO
Largest movements
- Current investments +€150,000
up €150,000 (+75.0%), from €200,000 to €350,000
- Cash -€130,596
down €130,596 (-57.2%), from €228,477 to €97,882
mainly Current investments (-€150,000) and Receivables within one year (-€18,541)
- Tangible fixed assets -€38,039
down €38,039 (-4.7%), from €809,031 to €770,992
of which Land and buildings: -€32,947
- Receivables within one year +€18,541
up €18,541 (+536%), from €3,459 to €22,000
- Profit (loss) carried forward +€26,480
up €26,480 (+2.4%), from €1.1m to €1.1m
- Gross operating margin -€12,247
down €12,247 (-15.5%), from €79,263 to €67,016
- Financial income +€6,502
up €6,502 (+565%), from €1,150 to €7,652
- Taxes -€1,929
down €1,929 (-16.9%), from €11,397 to €9,468
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 | €1,308,410 | €1,311,057 | +€2,647 | +0.2% |
| Fixed assets | 21/28 | €809,646 | €771,607 | -€38,039 | -4.7% |
| Tangible fixed assets | 22/27 | €809,031 | €770,992 | -€38,039 | -4.7% |
| Land and buildings | 22 | €584,611 | €551,664 | -€32,947 | -5.6% |
| Plant, machinery and equipment | 23 | €216,116 | €211,416 | -€4,700 | -2.2% |
| Furniture and vehicles | 24 | €8,304 | €7,913 | -€391 | -4.7% |
| Financial fixed assets | 28 | €615 | €615 | -€0 | 0.0% |
| Current assets | 29/58 | €498,764 | €539,450 | +€40,686 | +8.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,459 | €22,000 | +€18,541 | +536% |
| Other amounts receivable | 41 | €3,459 | €22,000 | +€18,541 | +536% |
| Current investments | 50/53 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €228,477 | €97,882 | -€130,596 | -57.2% |
| Deferred charges and accrued income | 490/1 | €6,827 | €9,568 | +€2,741 | +40.1% |
| Total equity and liabilities | 10/49 | €1,308,410 | €1,311,057 | +€2,647 | +0.2% |
| Equity | 10/15 | €1,241,296 | €1,255,272 | +€13,976 | +1.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €77,792 | €65,289 | -€12,504 | -16.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,292 | €57,789 | -€12,504 | -17.8% |
| Profit (loss) carried forward | 14 | €1,088,504 | €1,114,984 | +€26,480 | +2.4% |
| Provisions and deferred taxes | 16 | €46,948 | €42,780 | -€4,168 | -8.9% |
| Deferred taxes | 168 | €46,948 | €42,780 | -€4,168 | -8.9% |
| Amounts payable | 17/49 | €20,166 | €13,005 | -€7,161 | -35.5% |
| Amounts payable within one year | 42/48 | €20,166 | €13,005 | -€7,161 | -35.5% |
| Trade debts | 44 | €130 | €3,489 | +€3,359 | +2,576% |
| Suppliers | 440/4 | €130 | €3,489 | +€3,359 | +2,576% |
| Taxes, remuneration and social security | 45 | €20,035 | €9,516 | -€10,520 | -52.5% |
| Taxes | 450/3 | €20,035 | €9,516 | -€10,520 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,514 | €47,406 | -€108 | -0.2% |
| Other operating charges | 640/8 | €7,641 | €7,881 | +€240 | +3.1% |
| Gross operating margin | 9900 | €79,263 | €67,016 | -€12,247 | -15.5% |
| Operating profit (loss) | 9901 | €24,108 | €11,729 | -€12,379 | -51.3% |
| Financial income | 75/76B | €1,150 | €7,652 | +€6,502 | +565% |
| Recurring financial income | 75 | €1,150 | €7,652 | +€6,502 | +565% |
| Financial charges | 65/66B | €104 | €104 | +€0 | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €25,153 | €19,276 | -€5,877 | -23.4% |
| Transfer from deferred taxes | 780 | €4,168 | €4,168 | = | 0.0% |
| Income taxes | 67/77 | €11,397 | €9,468 | -€1,929 | -16.9% |
| Profit (loss) for the period | 9904 | €17,924 | €13,976 | -€3,948 | -22.0% |
| Transfer from tax-exempt reserves | 789 | €12,504 | €12,504 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,428 | €26,480 | -€3,948 | -13.0% |
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 26 October 2026 via checked.be.