AARON: 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.
AARON
Largest movements
- Receivables within one year -€18,909
down €18,909 (-39.1%), from €48,312 to €29,403
of which Trade receivables: -€10,732
- Tangible fixed assets +€9,149
new in 2025: €9,149
- Cash +€4,015
up €4,015 (+13.9%), from €28,787 to €32,802
mainly Receivables within one year (+€18,909) and Other debts (+€2,459)
- Tax, wage and social debts -€7,089
down €7,089 (-57.4%), from €12,348 to €5,258
of which Taxes: -€7,089
- Other debts +€2,459
up €2,459 (+78.2%), from €3,147 to €5,606
- Profit (loss) carried forward -€2,380
down €2,380 (-7.4%), from -€32,229 to -€34,609
- Trade debts +€1,778
up €1,778 (+37.6%), from €4,723 to €6,501
- Gross operating margin -€36,125
down €36,125 (-97.9%), from €36,911 to €786
- Taxes -€5,145
down €5,145 (-67.6%), from €7,611 to €2,467
- Other operating charges -€2,194
down €2,194 (-85.3%), from €2,572 to €377
- Depreciation +€1,017
new in 2025: €1,017
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 | €132,931 | €127,698 | -€5,233 | -3.9% |
| Fixed assets | 21/28 | €940 | €10,088 | +€9,149 | +973.7% |
| Tangible fixed assets | 22/27 | - | €9,149 | +€9,149 | |
| Plant, machinery and equipment | 23 | - | €9,149 | +€9,149 | |
| Financial fixed assets | 28 | €940 | €940 | = | 0.0% |
| Current assets | 29/58 | €131,991 | €117,610 | -€14,381 | -10.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €48,312 | €29,403 | -€18,909 | -39.1% |
| Trade receivables | 40 | €40,136 | €29,403 | -€10,732 | -26.7% |
| Other amounts receivable | 41 | €8,177 | €0 | -€8,177 | -100.0% |
| Current investments | 50/53 | €53,824 | €54,262 | +€438 | +0.8% |
| Cash at bank and in hand | 54/58 | €28,787 | €32,802 | +€4,015 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,068 | €1,142 | +€74 | +6.9% |
| Total equity and liabilities | 10/49 | €132,931 | €127,698 | -€5,233 | -3.9% |
| Equity | 10/15 | €112,714 | €110,334 | -€2,380 | -2.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €20,943 | €20,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,106 | €1,106 | = | 0.0% |
| Legal reserve | 130 | €1,106 | €1,106 | = | 0.0% |
| Distributable reserves | 133 | €19,837 | €19,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,229 | -€34,609 | -€2,380 | -7.4% |
| Amounts payable | 17/49 | €20,217 | €17,365 | -€2,853 | -14.1% |
| Amounts payable within one year | 42/48 | €20,217 | €17,365 | -€2,853 | -14.1% |
| Trade debts | 44 | €4,723 | €6,501 | +€1,778 | +37.6% |
| Suppliers | 440/4 | €4,723 | €6,501 | +€1,778 | +37.6% |
| Taxes, remuneration and social security | 45 | €12,348 | €5,258 | -€7,089 | -57.4% |
| Taxes | 450/3 | €12,348 | €5,258 | -€7,089 | -57.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,147 | €5,606 | +€2,459 | +78.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,017 | +€1,017 | |
| Other operating charges | 640/8 | €2,572 | €377 | -€2,194 | -85.3% |
| Gross operating margin | 9900 | €36,911 | €786 | -€36,125 | -97.9% |
| Operating profit (loss) | 9901 | €34,339 | -€608 | -€34,947 | |
| Financial income | 75/76B | €824 | €933 | +€109 | +13.2% |
| Recurring financial income | 75 | €824 | €933 | +€109 | +13.2% |
| Financial charges | 65/66B | €225 | €238 | +€14 | +6.2% |
| Recurring financial charges | 65 | €225 | €238 | +€14 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €34,939 | €87 | -€34,852 | -99.8% |
| Income taxes | 67/77 | €7,611 | €2,467 | -€5,145 | -67.6% |
| Profit (loss) for the period | 9904 | €27,328 | -€2,380 | -€29,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,328 | -€2,380 | -€29,708 |
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 8 October 2026 via checked.be.