AER'DEKO: 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.
AER'DEKO
Largest movements
- Receivables within one year +€118,573
up €118,573 (+148.0%), from €80,105 to €198,678
of which Trade receivables: +€116,526
- Tangible fixed assets -€16,575
down €16,575 (-2.8%), from €588,669 to €572,094
of which Land and buildings: -€15,409
- Cash -€10,763
down €10,763 (-33.3%), from €32,277 to €21,514
mainly Receivables within one year (-€118,573) and Debts after one year (-€34,102)
- Accrued charges and deferred income +€119,959
up €119,959 (+2306.8%), from €5,200 to €125,159
- Debts after one year -€34,102
down €34,102 (-6.4%), from €530,033 to €495,932
of which Financial debts: -€34,102
- Other debts +€9,750
up €9,750 (+10.8%), from €90,421 to €100,172
- Trade debts -€9,489
down €9,489 (-88.6%), from €10,705 to €1,215
- Gross operating margin -€12,750
down €12,750 (-19.3%), from €66,131 to €53,381
- Depreciation -€7,700
down €7,700 (-31.7%), from €24,275 to €16,575
- Financial charges +€3,188
up €3,188 (+14.0%), from €22,849 to €26,037
- Taxes -€2,047
down €2,047 (-39.9%), from €5,136 to €3,089
- Other operating charges +€989
up €989 (+36.5%), from €2,709 to €3,698
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 | €851,752 | €945,624 | +€93,872 | +11.0% |
| Fixed assets | 21/28 | €588,669 | €572,094 | -€16,575 | -2.8% |
| Tangible fixed assets | 22/27 | €588,669 | €572,094 | -€16,575 | -2.8% |
| Land and buildings | 22 | €586,763 | €571,353 | -€15,409 | -2.6% |
| Other tangible fixed assets | 26 | €1,906 | €741 | -€1,165 | -61.1% |
| Current assets | 29/58 | €263,083 | €373,530 | +€110,447 | +42.0% |
| Stocks and contracts in progress | 3 | €138,490 | €139,922 | +€1,432 | +1.0% |
| Stocks | 30/36 | €138,490 | €139,922 | +€1,432 | +1.0% |
| Amounts receivable within one year | 40/41 | €80,105 | €198,678 | +€118,573 | +148.0% |
| Trade receivables | 40 | €77,740 | €194,265 | +€116,526 | +149.9% |
| Other amounts receivable | 41 | €2,365 | €4,412 | +€2,047 | +86.5% |
| Cash at bank and in hand | 54/58 | €32,277 | €21,514 | -€10,763 | -33.3% |
| Deferred charges and accrued income | 490/1 | €12,212 | €13,417 | +€1,205 | +9.9% |
| Total equity and liabilities | 10/49 | €851,752 | €945,624 | +€93,872 | +11.0% |
| Equity | 10/15 | €178,499 | €180,819 | +€2,319 | +1.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €135,432 | €137,752 | +€2,319 | +1.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €133,577 | €135,897 | +€2,319 | +1.7% |
| Profit (loss) carried forward | 14 | €24,517 | €24,517 | = | 0.0% |
| Amounts payable | 17/49 | €673,253 | €764,806 | +€91,552 | +13.6% |
| Amounts payable after more than one year | 17 | €530,033 | €495,932 | -€34,102 | -6.4% |
| Financial debts | 170/4 | €527,783 | €493,682 | -€34,102 | -6.5% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €138,020 | €143,715 | +€5,695 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €33,439 | €34,102 | +€662 | +2.0% |
| Trade debts | 44 | €10,705 | €1,215 | -€9,489 | -88.6% |
| Suppliers | 440/4 | €10,705 | €1,215 | -€9,489 | -88.6% |
| Taxes, remuneration and social security | 45 | €3,455 | €8,227 | +€4,772 | +138.1% |
| Taxes | 450/3 | €3,455 | €8,227 | +€4,772 | +138.1% |
| Other amounts payable | 47/48 | €90,421 | €100,172 | +€9,750 | +10.8% |
| Accrued charges and deferred income | 492/3 | €5,200 | €125,159 | +€119,959 | +2306.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,275 | €16,575 | -€7,700 | -31.7% |
| Other operating charges | 640/8 | €2,709 | €3,698 | +€989 | +36.5% |
| Gross operating margin | 9900 | €66,131 | €53,381 | -€12,750 | -19.3% |
| Operating profit (loss) | 9901 | €39,147 | €33,108 | -€6,039 | -15.4% |
| Financial income | 75/76B | €5 | €3 | -€2 | -39.1% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -39.1% |
| Financial charges | 65/66B | €22,849 | €26,037 | +€3,188 | +14.0% |
| Recurring financial charges | 65 | €22,849 | €26,037 | +€3,188 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €16,302 | €7,074 | -€9,228 | -56.6% |
| Income taxes | 67/77 | €5,136 | €3,089 | -€2,047 | -39.9% |
| Profit (loss) for the period | 9904 | €11,167 | €3,985 | -€7,181 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,167 | €3,985 | -€7,181 | -64.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.