A.E.F.: 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.
A.E.F.
Largest movements
- Cash +€3,940
up €3,940 (+1,742%), from €226 to €4,167
mainly Net result for the year (+€5,476) and Tax, wage and social debts (+€4,737)
- Receivables within one year -€1,951
down €1,951 (-54.8%), from €3,562 to €1,611
- Tangible fixed assets -€491
down €491 (-44.8%), from €1,095 to €604
- Deferred charges and accrued income +€382
new in 2024: €382
- Stocks and contracts -€75
down €75 (-60.4%), from €124 to €49
- Trade debts -€8,457
down €8,457 (-57.4%), from €14,732 to €6,275
- Profit (loss) carried forward +€5,476
up €5,476 (+16.0%), from -€34,236 to -€28,760
- Tax, wage and social debts +€4,737
up €4,737 (+100%), from €4,730 to €9,467
- Gross operating margin +€5,374
up €5,374 (+36.9%), from €14,546 to €19,920
- Other operating charges +€4,040
up €4,040 (+377%), from €1,070 to €5,110
- Depreciation -€3,495
down €3,495 (-87.7%), from €3,986 to €491
- Financial charges -€2,709
down €2,709 (-77.4%), from €3,498 to €789
- Taxes +€2,642
up €2,642 (+79.9%), from €3,306 to €5,948
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,677 | €7,433 | +€1,756 | +30.9% |
| Fixed assets | 21/28 | €1,765 | €1,224 | -€541 | -30.7% |
| Tangible fixed assets | 22/27 | €1,095 | €604 | -€491 | -44.8% |
| Plant, machinery and equipment | 23 | €1,095 | €604 | -€491 | -44.8% |
| Financial fixed assets | 28 | €670 | €620 | -€50 | -7.5% |
| Current assets | 29/58 | €3,912 | €6,209 | +€2,297 | +58.7% |
| Stocks and contracts in progress | 3 | €124 | €49 | -€75 | -60.4% |
| Stocks | 30/36 | €124 | €49 | -€75 | -60.4% |
| Amounts receivable within one year | 40/41 | €3,562 | €1,611 | -€1,951 | -54.8% |
| Other amounts receivable | 41 | €3,562 | €1,611 | -€1,951 | -54.8% |
| Cash at bank and in hand | 54/58 | €226 | €4,167 | +€3,940 | +1,742% |
| Deferred charges and accrued income | 490/1 | - | €382 | +€382 | |
| Total equity and liabilities | 10/49 | €5,677 | €7,433 | +€1,756 | +30.9% |
| Equity | 10/15 | -€13,785 | -€8,309 | +€5,476 | +39.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,236 | -€28,760 | +€5,476 | +16.0% |
| Amounts payable | 17/49 | €19,462 | €15,741 | -€3,721 | -19.1% |
| Amounts payable within one year | 42/48 | €19,462 | €15,741 | -€3,721 | -19.1% |
| Trade debts | 44 | €14,732 | €6,275 | -€8,457 | -57.4% |
| Suppliers | 440/4 | €14,732 | €6,275 | -€8,457 | -57.4% |
| Taxes, remuneration and social security | 45 | €4,730 | €9,467 | +€4,737 | +100% |
| Taxes | 450/3 | €4,730 | €9,467 | +€4,737 | +100% |
| Remuneration, social security and pensions | 62 | €54 | €2,105 | +€2,052 | +3,820% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,986 | €491 | -€3,495 | -87.7% |
| Other operating charges | 640/8 | €1,070 | €5,110 | +€4,040 | +377% |
| Gross operating margin | 9900 | €14,546 | €19,920 | +€5,374 | +36.9% |
| Operating profit (loss) | 9901 | €9,436 | €12,214 | +€2,778 | +29.4% |
| Financial charges | 65/66B | €3,498 | €789 | -€2,709 | -77.4% |
| Recurring financial charges | 65 | €3,498 | €789 | -€2,709 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €5,938 | €11,425 | +€5,487 | +92.4% |
| Income taxes | 67/77 | €3,306 | €5,948 | +€2,642 | +79.9% |
| Profit (loss) for the period | 9904 | €2,632 | €5,476 | +€2,845 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €2,632 | €5,476 | +€2,845 | +108% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.