Aelterman Consulting: 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.
Aelterman Consulting
Largest movements
- Tangible fixed assets +€35,892
up €35,892 (+3,018%), from €1,189 to €37,081
of which Leasing and similar rights: +€34,385
- Profit (loss) carried forward +€69,630
new in 2025: €69,630
- Tax, wage and social debts -€33,423
down €33,423 (-45.7%), from €73,103 to €39,680
- Other debts -€27,479
down €27,479 (-10.0%), from €274,916 to €247,437
- Debts after one year +€16,220
new in 2025: €16,220
- Current portion of long-term debt +€14,504
new in 2025: €14,504
- Taxes -€13,596
down €13,596 (-36.5%), from €37,280 to €23,683
- Depreciation +€9,423
up €9,423 (+1,614%), from €584 to €10,007
- Gross operating margin +€3,867
up €3,867 (+3.8%), from €102,533 to €106,400
- Other operating charges +€1,880
new in 2025: €1,880
- Financial charges +€1,157
up €1,157 (+2,056%), from €56 to €1,213
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 | €538,745 | €577,321 | +€38,576 | +7.2% |
| Fixed assets | 21/28 | €481,809 | €517,701 | +€35,892 | +7.4% |
| Tangible fixed assets | 22/27 | €1,189 | €37,081 | +€35,892 | +3,018% |
| Furniture and vehicles | 24 | €1,189 | €605 | -€584 | -49.1% |
| Leasing and similar rights | 25 | - | €34,385 | +€34,385 | |
| Other tangible fixed assets | 26 | - | €2,091 | +€2,091 | |
| Financial fixed assets | 28 | €480,620 | €480,620 | = | 0.0% |
| Current assets | 29/58 | €56,935 | €59,620 | +€2,684 | +4.7% |
| Amounts receivable within one year | 40/41 | €12,346 | €17,564 | +€5,218 | +42.3% |
| Trade receivables | 40 | €12,342 | €14,247 | +€1,905 | +15.4% |
| Other amounts receivable | 41 | €4 | €3,317 | +€3,312 | +74,434% |
| Cash at bank and in hand | 54/58 | €44,470 | €41,884 | -€2,586 | -5.8% |
| Deferred charges and accrued income | 490/1 | €119 | €171 | +€52 | +43.7% |
| Total equity and liabilities | 10/49 | €538,745 | €577,321 | +€38,576 | +7.2% |
| Equity | 10/15 | €189,386 | €259,016 | +€69,630 | +36.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €188,386 | €188,386 | = | 0.0% |
| Distributable reserves | 133 | €188,386 | €188,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €69,630 | +€69,630 | |
| Amounts payable | 17/49 | €349,359 | €318,305 | -€31,054 | -8.9% |
| Amounts payable after more than one year | 17 | - | €16,220 | +€16,220 | |
| Financial debts | 170/4 | - | €16,220 | +€16,220 | |
| Amounts payable within one year | 42/48 | €349,359 | €302,085 | -€47,274 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,504 | +€14,504 | |
| Trade debts | 44 | €1,340 | €464 | -€876 | -65.4% |
| Suppliers | 440/4 | €1,340 | €464 | -€876 | -65.4% |
| Taxes, remuneration and social security | 45 | €73,103 | €39,680 | -€33,423 | -45.7% |
| Taxes | 450/3 | €73,103 | €39,680 | -€33,423 | -45.7% |
| Other amounts payable | 47/48 | €274,916 | €247,437 | -€27,479 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €10,007 | +€9,423 | +1,614% |
| Other operating charges | 640/8 | - | €1,880 | +€1,880 | |
| Gross operating margin | 9900 | €102,533 | €106,400 | +€3,867 | +3.8% |
| Operating profit (loss) | 9901 | €101,949 | €94,514 | -€7,436 | -7.3% |
| Financial income | 75/76B | €1 | €12 | +€12 | +2,312% |
| Recurring financial income | 75 | €1 | €12 | +€12 | +2,312% |
| Financial charges | 65/66B | €56 | €1,213 | +€1,157 | +2,056% |
| Recurring financial charges | 65 | €56 | €1,213 | +€1,157 | +2,056% |
| Profit (loss) for the period before taxes | 9903 | €101,894 | €93,313 | -€8,581 | -8.4% |
| Income taxes | 67/77 | €37,280 | €23,683 | -€13,596 | -36.5% |
| Profit (loss) for the period | 9904 | €64,614 | €69,630 | +€5,016 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,614 | €69,630 | +€5,016 | +7.8% |
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 27 October 2026 via checked.be.