AARTS PLEERS: 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.
AARTS PLEERS
Largest movements
- Intangible fixed assets -€21,590
down €21,590 (-12.2%), from €176,322 to €154,732
- Cash +€14,073
up €14,073 (+96.3%), from €14,607 to €28,680
mainly Debts after one year (+€37,580) and Depreciation (+€31,929)
- Tangible fixed assets +€9,021
up €9,021 (+29.4%), from €30,680 to €39,701
of which Other tangible fixed assets: +€5,696
- Receivables within one year +€6,404
up €6,404 (+92.7%), from €6,907 to €13,311
of which Trade receivables: +€9,183
- Stocks and contracts +€2,546
up €2,546 (+62.8%), from €4,052 to €6,598
- Other debts -€59,739
down €59,739 (-42.7%), from €139,763 to €80,024
- Debts after one year +€37,580
up €37,580 (+322%), from €11,654 to €49,234
- Current portion of long-term debt +€26,189
up €26,189 (+413%), from €6,347 to €32,536
- Tax, wage and social debts -€8,980
down €8,980 (-46.1%), from €19,479 to €10,498
of which Taxes: -€6,174
- Profit (loss) carried forward +€7,084
up €7,084 (+17.0%), from €41,583 to €48,667
- Purchases and services +€39,669
up €39,669 (+16.6%), from €238,317 to €277,985
- Turnover +€39,600
up €39,600 (+14.0%), from €283,166 to €322,765
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 | €236,154 | €245,314 | +€9,161 | +3.9% |
| Formation expenses | 20 | €1,260 | €960 | -€300 | -23.8% |
| Fixed assets | 21/28 | €207,002 | €194,433 | -€12,570 | -6.1% |
| Intangible fixed assets | 21 | €176,322 | €154,732 | -€21,590 | -12.2% |
| Tangible fixed assets | 22/27 | €30,680 | €39,701 | +€9,021 | +29.4% |
| Plant, machinery and equipment | 23 | €5,417 | €3,904 | -€1,513 | -27.9% |
| Furniture and vehicles | 24 | €23,540 | €28,377 | +€4,837 | +20.5% |
| Other tangible fixed assets | 26 | €1,724 | €7,420 | +€5,696 | +330% |
| Current assets | 29/58 | €27,891 | €49,922 | +€22,030 | +79.0% |
| Stocks and contracts in progress | 3 | €4,052 | €6,598 | +€2,546 | +62.8% |
| Stocks | 30/36 | €4,052 | €6,598 | +€2,546 | +62.8% |
| Amounts receivable within one year | 40/41 | €6,907 | €13,311 | +€6,404 | +92.7% |
| Trade receivables | 40 | €4,128 | €13,311 | +€9,183 | +222% |
| Other amounts receivable | 41 | €2,779 | €0 | -€2,779 | -100% |
| Cash at bank and in hand | 54/58 | €14,607 | €28,680 | +€14,073 | +96.3% |
| Deferred charges and accrued income | 490/1 | €2,324 | €1,332 | -€992 | -42.7% |
| Total equity and liabilities | 10/49 | €236,154 | €245,314 | +€9,161 | +3.9% |
| Equity | 10/15 | €47,583 | €54,667 | +€7,084 | +14.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,583 | €48,667 | +€7,084 | +17.0% |
| Amounts payable | 17/49 | €188,571 | €190,647 | +€2,077 | +1.1% |
| Amounts payable after more than one year | 17 | €11,654 | €49,234 | +€37,580 | +322% |
| Financial debts | 170/4 | €11,654 | €49,234 | +€37,580 | +322% |
| Amounts payable within one year | 42/48 | €176,917 | €141,414 | -€35,503 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €6,347 | €32,536 | +€26,189 | +413% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,328 | €18,355 | +€7,028 | +62.0% |
| Suppliers | 440/4 | €11,328 | €18,355 | +€7,028 | +62.0% |
| Taxes, remuneration and social security | 45 | €19,479 | €10,498 | -€8,980 | -46.1% |
| Taxes | 450/3 | €16,672 | €10,498 | -€6,174 | -37.0% |
| Remuneration and social security | 454/9 | €2,806 | - | -€2,806 | |
| Other amounts payable | 47/48 | €139,763 | €80,024 | -€59,739 | -42.7% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €283,166 | €322,765 | +€39,600 | +14.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €238,317 | €277,985 | +€39,669 | +16.6% |
| Remuneration, social security and pensions | 62 | €457 | €2,027 | +€1,570 | +344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,630 | €31,929 | +€1,299 | +4.2% |
| Other operating charges | 640/8 | €1,057 | €2,583 | +€1,526 | +144% |
| Gross operating margin | 9900 | €48,759 | €49,725 | +€966 | +2.0% |
| Operating profit (loss) | 9901 | €16,615 | €13,186 | -€3,430 | -20.6% |
| Financial income | 75/76B | €0 | €50 | +€50 | |
| Recurring financial income | 75 | €0 | €50 | +€50 | |
| Financial charges | 65/66B | €1,685 | €2,849 | +€1,164 | +69.1% |
| Recurring financial charges | 65 | €1,685 | €2,849 | +€1,164 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €14,930 | €10,386 | -€4,543 | -30.4% |
| Income taxes | 67/77 | €4,405 | €3,302 | -€1,102 | -25.0% |
| Profit (loss) for the period | 9904 | €10,525 | €7,084 | -€3,441 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,525 | €7,084 | -€3,441 | -32.7% |
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 18 October 2026 via checked.be.