AELTO: 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.
AELTO
Largest movements
- Tangible fixed assets -€14,120
down €14,120 (-22.0%), from €64,295 to €50,175
of which Furniture and vehicles: -€9,680
- Cash +€4,466
up €4,466 (+233%), from €1,920 to €6,386
mainly Other debts (+€35,434) and Depreciation (+€17,120)
- Other debts +€35,434
up €35,434 (+18.8%), from €188,938 to €224,371
- Profit (loss) carried forward -€33,859
down €33,859 (-23.5%), from -€144,310 to -€178,169
- Trade debts -€13,445
down €13,445 (-93.4%), from €14,394 to €948
- Tax, wage and social debts +€1,458
up €1,458 (+959%), from €152 to €1,610
- Gross operating margin -€14,281
down €14,281 (-768%), from -€1,859 to -€16,140
- Depreciation +€1,831
up €1,831 (+12.0%), from €15,289 to €17,120
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 | €73,433 | €63,021 | -€10,412 | -14.2% |
| Fixed assets | 21/28 | €65,545 | €51,425 | -€14,120 | -21.5% |
| Tangible fixed assets | 22/27 | €64,295 | €50,175 | -€14,120 | -22.0% |
| Plant, machinery and equipment | 23 | €31,276 | €26,836 | -€4,440 | -14.2% |
| Furniture and vehicles | 24 | €33,019 | €23,338 | -€9,680 | -29.3% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €7,888 | €11,596 | +€3,708 | +47.0% |
| Amounts receivable within one year | 40/41 | €5,690 | €5,211 | -€480 | -8.4% |
| Trade receivables | 40 | €3,899 | €5,211 | +€1,312 | +33.7% |
| Other amounts receivable | 41 | €1,792 | - | -€1,792 | |
| Cash at bank and in hand | 54/58 | €1,920 | €6,386 | +€4,466 | +233% |
| Deferred charges and accrued income | 490/1 | €278 | - | -€278 | |
| Total equity and liabilities | 10/49 | €73,433 | €63,021 | -€10,412 | -14.2% |
| Equity | 10/15 | -€130,050 | -€163,909 | -€33,859 | -26.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,310 | -€178,169 | -€33,859 | -23.5% |
| Amounts payable | 17/49 | €203,484 | €226,930 | +€23,447 | +11.5% |
| Amounts payable within one year | 42/48 | €203,484 | €226,930 | +€23,447 | +11.5% |
| Trade debts | 44 | €14,394 | €948 | -€13,445 | -93.4% |
| Suppliers | 440/4 | €14,394 | €948 | -€13,445 | -93.4% |
| Taxes, remuneration and social security | 45 | €152 | €1,610 | +€1,458 | +959% |
| Taxes | 450/3 | €152 | €1,610 | +€1,458 | +959% |
| Other amounts payable | 47/48 | €188,938 | €224,371 | +€35,434 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,289 | €17,120 | +€1,831 | +12.0% |
| Other operating charges | 640/8 | €588 | €460 | -€128 | -21.8% |
| Gross operating margin | 9900 | -€1,859 | -€16,140 | -€14,281 | -768% |
| Operating profit (loss) | 9901 | -€17,736 | -€33,720 | -€15,984 | -90.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €126 | - | -€126 | |
| Recurring financial charges | 65 | €126 | - | -€126 | |
| Profit (loss) for the period before taxes | 9903 | -€17,862 | -€33,718 | -€15,856 | -88.8% |
| Income taxes | 67/77 | €152 | €141 | -€11 | -7.4% |
| Profit (loss) for the period | 9904 | -€18,014 | -€33,859 | -€15,844 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,014 | -€33,859 | -€15,844 | -88.0% |
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 17 October 2026 via checked.be.