AEOLIAN: 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.
AEOLIAN
Largest movements
- Cash -€10,563
down €10,563 (-18.8%), from €56,332 to €45,769
mainly Net result for the year (-€17,275) and Trade debts (-€7,705)
- Receivables within one year +€5,996
up €5,996 (+6.0%), from €99,172 to €105,168
of which Trade receivables: +€4,452
- Advances received +€25,243
up €25,243 (+33.0%), from €76,482 to €101,726
- Profit (loss) carried forward -€17,275
down €17,275, from €0 to -€17,275
- Trade debts -€7,705
down €7,705 (-45.6%), from €16,906 to €9,201
- Tax, wage and social debts -€4,786
down €4,786 (-39.2%), from €12,209 to €7,423
- Gross operating margin -€54,933
down €54,933, from €45,858 to -€9,075
- Taxes -€5,416
down €5,416 (-99.4%), from €5,449 to €33
- Financial charges +€2,666
up €2,666 (+69.1%), from €3,859 to €6,524
- Other operating charges -€575
down €575 (-83.5%), from €689 to €113
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 | €168,628 | €163,220 | -€5,408 | -3.2% |
| Fixed assets | 21/28 | €2,546 | €2,127 | -€419 | -16.5% |
| Tangible fixed assets | 22/27 | €2,546 | €2,127 | -€419 | -16.5% |
| Plant, machinery and equipment | 23 | €1,728 | €1,584 | -€144 | -8.3% |
| Furniture and vehicles | 24 | €818 | €543 | -€275 | -33.6% |
| Current assets | 29/58 | €166,081 | €161,093 | -€4,988 | -3.0% |
| Amounts receivable within one year | 40/41 | €99,172 | €105,168 | +€5,996 | +6.0% |
| Trade receivables | 40 | €84,607 | €89,060 | +€4,452 | +5.3% |
| Other amounts receivable | 41 | €14,565 | €16,108 | +€1,544 | +10.6% |
| Cash at bank and in hand | 54/58 | €56,332 | €45,769 | -€10,563 | -18.8% |
| Deferred charges and accrued income | 490/1 | €10,577 | €10,155 | -€422 | -4.0% |
| Total equity and liabilities | 10/49 | €168,628 | €163,220 | -€5,408 | -3.2% |
| Equity | 10/15 | €61,522 | €44,247 | -€17,275 | -28.1% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €32,922 | €32,922 | = | 0.0% |
| Distributable reserves | 133 | €32,922 | €32,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€17,275 | -€17,275 | |
| Amounts payable | 17/49 | €107,106 | €118,973 | +€11,867 | +11.1% |
| Amounts payable within one year | 42/48 | €107,106 | €118,973 | +€11,867 | +11.1% |
| Financial debts | 43 | €1,508 | €623 | -€885 | -58.7% |
| Credit institutions | 430/8 | €1,508 | €623 | -€885 | -58.7% |
| Trade debts | 44 | €16,906 | €9,201 | -€7,705 | -45.6% |
| Suppliers | 440/4 | €16,906 | €9,201 | -€7,705 | -45.6% |
| Advances received on contracts in progress | 46 | €76,482 | €101,726 | +€25,243 | +33.0% |
| Taxes, remuneration and social security | 45 | €12,209 | €7,423 | -€4,786 | -39.2% |
| Taxes | 450/3 | €12,209 | €7,423 | -€4,786 | -39.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289 | €1,688 | +€399 | +31.0% |
| Other operating charges | 640/8 | €689 | €113 | -€575 | -83.5% |
| Gross operating margin | 9900 | €45,858 | -€9,075 | -€54,933 | |
| Operating profit (loss) | 9901 | €43,881 | -€10,876 | -€54,757 | |
| Financial income | 75/76B | €149 | €159 | +€10 | +6.4% |
| Recurring financial income | 75 | €149 | €159 | +€10 | +6.4% |
| Financial charges | 65/66B | €3,859 | €6,524 | +€2,666 | +69.1% |
| Recurring financial charges | 65 | €3,859 | €6,524 | +€2,666 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €40,171 | -€17,242 | -€57,413 | |
| Income taxes | 67/77 | €5,449 | €33 | -€5,416 | -99.4% |
| Profit (loss) for the period | 9904 | €34,722 | -€17,275 | -€51,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,722 | -€17,275 | -€51,997 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.