Aarotech: 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.
Aarotech
Largest movements
- Current investments +€90,862
up €90,862 (+41.3%), from €219,890 to €310,752
- Cash -€41,413
down €41,413 (-67.2%), from €61,642 to €20,229
mainly Current investments (-€90,862) and Tax, wage and social debts (-€31,758)
- Tangible fixed assets -€13,566
down €13,566 (-4.2%), from €320,332 to €306,766
of which Land and buildings: -€9,396
- Reserves +€86,106
up €86,106 (+30.9%), from €278,610 to €364,716
- Tax, wage and social debts -€31,758
down €31,758 (-93.4%), from €33,996 to €2,238
- Debts after one year -€27,454
down €27,454 (-10.1%), from €270,748 to €243,294
- Gross operating margin -€30,024
down €30,024 (-18.2%), from €165,291 to €135,267
- Taxes -€5,248
down €5,248 (-17.8%), from €29,531 to €24,282
- Financial charges +€4,819
up €4,819 (+72.5%), from €6,643 to €11,462
- Depreciation +€3,628
up €3,628 (+32.7%), from €11,095 to €14,722
- Financial income +€2,508
up €2,508 (+531.3%), from €472 to €2,980
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 | €645,747 | €680,022 | +€34,275 | +5.3% |
| Fixed assets | 21/28 | €320,332 | €306,766 | -€13,566 | -4.2% |
| Tangible fixed assets | 22/27 | €320,332 | €306,766 | -€13,566 | -4.2% |
| Land and buildings | 22 | €307,019 | €297,623 | -€9,396 | -3.1% |
| Plant, machinery and equipment | 23 | €3,076 | €2,764 | -€312 | -10.1% |
| Furniture and vehicles | 24 | €10,238 | €6,379 | -€3,858 | -37.7% |
| Current assets | 29/58 | €325,415 | €373,256 | +€47,841 | +14.7% |
| Amounts receivable within one year | 40/41 | €40,036 | €38,104 | -€1,932 | -4.8% |
| Trade receivables | 40 | €39,870 | €21,589 | -€18,280 | -45.8% |
| Other amounts receivable | 41 | €166 | €16,514 | +€16,348 | +9835.3% |
| Current investments | 50/53 | €219,890 | €310,752 | +€90,862 | +41.3% |
| Cash at bank and in hand | 54/58 | €61,642 | €20,229 | -€41,413 | -67.2% |
| Deferred charges and accrued income | 490/1 | €3,848 | €4,171 | +€323 | +8.4% |
| Total equity and liabilities | 10/49 | €645,747 | €680,022 | +€34,275 | +5.3% |
| Equity | 10/15 | €281,610 | €367,716 | +€86,106 | +30.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €278,610 | €364,716 | +€86,106 | +30.9% |
| Distributable reserves | 133 | €278,610 | €364,716 | +€86,106 | +30.9% |
| Amounts payable | 17/49 | €364,138 | €312,307 | -€51,831 | -14.2% |
| Amounts payable after more than one year | 17 | €270,748 | €243,294 | -€27,454 | -10.1% |
| Financial debts | 170/4 | €270,748 | €243,294 | -€27,454 | -10.1% |
| Amounts payable within one year | 42/48 | €93,389 | €69,013 | -€24,377 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €26,418 | €27,454 | +€1,036 | +3.9% |
| Trade debts | 44 | €269 | €2,324 | +€2,055 | +763.4% |
| Suppliers | 440/4 | €269 | €2,324 | +€2,055 | +763.4% |
| Taxes, remuneration and social security | 45 | €33,996 | €2,238 | -€31,758 | -93.4% |
| Taxes | 450/3 | €33,996 | €2,238 | -€31,758 | -93.4% |
| Other amounts payable | 47/48 | €32,705 | €36,996 | +€4,291 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,095 | €14,722 | +€3,628 | +32.7% |
| Other operating charges | 640/8 | €582 | €841 | +€259 | +44.5% |
| Gross operating margin | 9900 | €165,291 | €135,267 | -€30,024 | -18.2% |
| Operating profit (loss) | 9901 | €153,614 | €119,704 | -€33,910 | -22.1% |
| Financial income | 75/76B | €472 | €2,980 | +€2,508 | +531.3% |
| Recurring financial income | 75 | €472 | €2,980 | +€2,508 | +531.3% |
| Financial charges | 65/66B | €6,643 | €11,462 | +€4,819 | +72.5% |
| Recurring financial charges | 65 | €6,643 | €11,462 | +€4,819 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €147,443 | €111,221 | -€36,222 | -24.6% |
| Income taxes | 67/77 | €29,531 | €24,282 | -€5,248 | -17.8% |
| Profit (loss) for the period | 9904 | €117,912 | €86,939 | -€30,973 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,912 | €86,939 | -€30,973 | -26.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.