Aelter-Forrier: 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.
Aelter-Forrier
Largest movements
- Cash -€3,699
down €3,699 (-85.2%), from €4,343 to €644
mainly Net result for the year (-€13,116) and Receivables within one year (-€445)
- Tangible fixed assets -€3,418
down €3,418 (-3.9%), from €86,574 to €83,156
- Profit (loss) carried forward -€13,116
down €13,116, from €0 to -€13,116
- Other debts +€5,701
up €5,701 (+114%), from €5,000 to €10,701
- Gross operating margin -€4,133
down €4,133 (-167%), from -€2,481 to -€6,614
- Other operating charges -€296
down €296 (-8.6%), from €3,427 to €3,131
- Financial charges -€74
no longer reported in 2025 (was €74)
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 | €91,861 | €85,189 | -€6,672 | -7.3% |
| Fixed assets | 21/28 | €86,574 | €83,156 | -€3,418 | -3.9% |
| Tangible fixed assets | 22/27 | €86,574 | €83,156 | -€3,418 | -3.9% |
| Land and buildings | 22 | €86,574 | €83,156 | -€3,418 | -3.9% |
| Current assets | 29/58 | €5,287 | €2,033 | -€3,254 | -61.5% |
| Amounts receivable within one year | 40/41 | €944 | €1,389 | +€445 | +47.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €944 | €1,389 | +€445 | +47.2% |
| Cash at bank and in hand | 54/58 | €4,343 | €644 | -€3,699 | -85.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €91,861 | €85,189 | -€6,672 | -7.3% |
| Equity | 10/15 | €86,731 | €73,615 | -€13,116 | -15.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | - | €24,789 | +€24,789 | |
| Other | 1109/19 | - | €24,789 | +€24,789 | |
| Reserves | 13 | €61,942 | €61,942 | = | 0.0% |
| Distributable reserves | 133 | €61,942 | €61,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,116 | -€13,116 | |
| Amounts payable | 17/49 | €5,130 | €11,573 | +€6,443 | +126% |
| Amounts payable within one year | 42/48 | €5,130 | €11,573 | +€6,443 | +126% |
| Trade debts | 44 | €130 | €872 | +€742 | +571% |
| Suppliers | 440/4 | €130 | €872 | +€742 | +571% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,000 | €10,701 | +€5,701 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,418 | €3,418 | = | 0.0% |
| Other operating charges | 640/8 | €3,427 | €3,131 | -€296 | -8.6% |
| Gross operating margin | 9900 | -€2,481 | -€6,614 | -€4,133 | -167% |
| Operating profit (loss) | 9901 | -€9,326 | -€13,163 | -€3,836 | -41.1% |
| Financial income | 75/76B | €0 | €47 | +€47 | |
| Recurring financial income | 75 | €0 | €47 | +€47 | |
| Financial charges | 65/66B | €74 | - | -€74 | |
| Recurring financial charges | 65 | €74 | - | -€74 | |
| Profit (loss) for the period before taxes | 9903 | -€9,400 | -€13,116 | -€3,716 | -39.5% |
| Profit (loss) for the period | 9904 | -€9,400 | -€13,116 | -€3,716 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,400 | -€13,116 | -€3,716 | -39.5% |
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 13 October 2026 via checked.be.