AER INTELLIGENCE: 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.
AER INTELLIGENCE
Largest movements
- Financial fixed assets +€205,041
up €205,041 (+119.2%), from €172,000 to €377,041
- Receivables within one year -€107,394
down €107,394 (-70.6%), from €152,168 to €44,774
of which Trade receivables: -€107,707
- Cash +€83,933
up €83,933 (+46.1%), from €181,982 to €265,915
mainly Other debts (+€216,609) and Net result for the year (+€193,968)
- Other debts +€216,609
up €216,609 (+988.6%), from €21,910 to €238,519
- Profit (loss) carried forward -€81,032
down €81,032 (-19.1%), from €423,235 to €342,204
- Tax, wage and social debts +€41,250
up €41,250 (+71.6%), from €57,581 to €98,831
- Gross operating margin +€32,508
up €32,508 (+14.5%), from €223,457 to €255,965
- Financial income +€15,910
new in 2025: €15,910
- Taxes +€10,198
up €10,198 (+17.7%), from €57,581 to €67,779
- Financial charges +€8,331
up €8,331 (+6746.1%), from €124 to €8,455
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 | €508,863 | €687,827 | +€178,964 | +35.2% |
| Fixed assets | 21/28 | €172,330 | €377,041 | +€204,711 | +118.8% |
| Tangible fixed assets | 22/27 | €330 | - | -€330 | |
| Furniture and vehicles | 24 | €330 | - | -€330 | |
| Financial fixed assets | 28 | €172,000 | €377,041 | +€205,041 | +119.2% |
| Current assets | 29/58 | €336,533 | €310,786 | -€25,747 | -7.7% |
| Amounts receivable within one year | 40/41 | €152,168 | €44,774 | -€107,394 | -70.6% |
| Trade receivables | 40 | €150,866 | €43,159 | -€107,707 | -71.4% |
| Other amounts receivable | 41 | €1,303 | €1,615 | +€313 | +24.0% |
| Cash at bank and in hand | 54/58 | €181,982 | €265,915 | +€83,933 | +46.1% |
| Deferred charges and accrued income | 490/1 | €2,383 | €97 | -€2,286 | -95.9% |
| Total equity and liabilities | 10/49 | €508,863 | €687,827 | +€178,964 | +35.2% |
| Equity | 10/15 | €428,235 | €347,204 | -€81,032 | -18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,235 | €342,204 | -€81,032 | -19.1% |
| Amounts payable | 17/49 | €80,628 | €340,624 | +€259,996 | +322.5% |
| Amounts payable within one year | 42/48 | €80,628 | €340,624 | +€259,996 | +322.5% |
| Trade debts | 44 | €1,137 | €3,273 | +€2,137 | +188.0% |
| Suppliers | 440/4 | €1,137 | €3,273 | +€2,137 | +188.0% |
| Taxes, remuneration and social security | 45 | €57,581 | €98,831 | +€41,250 | +71.6% |
| Taxes | 450/3 | €57,581 | €98,831 | +€41,250 | +71.6% |
| Other amounts payable | 47/48 | €21,910 | €238,519 | +€216,609 | +988.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,799 | €330 | -€1,469 | -81.6% |
| Other operating charges | 640/8 | - | €1,342 | +€1,342 | |
| Gross operating margin | 9900 | €223,457 | €255,965 | +€32,508 | +14.5% |
| Operating profit (loss) | 9901 | €221,658 | €254,292 | +€32,634 | +14.7% |
| Financial income | 75/76B | - | €15,910 | +€15,910 | |
| Recurring financial income | 75 | - | €15,910 | +€15,910 | |
| Financial charges | 65/66B | €124 | €8,455 | +€8,331 | +6746.1% |
| Recurring financial charges | 65 | €124 | €8,455 | +€8,331 | +6746.1% |
| Profit (loss) for the period before taxes | 9903 | €221,535 | €261,747 | +€40,212 | +18.2% |
| Income taxes | 67/77 | €57,581 | €67,779 | +€10,198 | +17.7% |
| Profit (loss) for the period | 9904 | €163,954 | €193,968 | +€30,014 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €163,954 | €193,968 | +€30,014 | +18.3% |
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 12 October 2026 via checked.be.