AER-PRO: 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-PRO
Largest movements
- Receivables within one year -€31,312
down €31,312 (-95.7%), from €32,727 to €1,415
of which Trade receivables: -€31,650
- Tangible fixed assets -€16,469
down €16,469 (-1.7%), from €982,278 to €965,810
of which Furniture and vehicles: -€26,554
- Debts after one year -€48,527
down €48,527 (-12.8%), from €379,450 to €330,923
of which Financial debts: -€48,527
- Gross operating margin +€18,177
up €18,177 (+47.0%), from €38,657 to €56,834
- Depreciation -€4,101
down €4,101 (-10.9%), from €37,646 to €33,545
- Financial charges -€2,516
down €2,516 (-18.6%), from €13,501 to €10,985
- Financial income -€2,152
down €2,152 (-97.6%), from €2,205 to €53
- Other operating charges -€1,219
down €1,219 (-18.1%), from €6,736 to €5,517
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 | €1,025,060 | €980,009 | -€45,051 | -4.4% |
| Fixed assets | 21/28 | €982,278 | €965,810 | -€16,469 | -1.7% |
| Tangible fixed assets | 22/27 | €982,278 | €965,810 | -€16,469 | -1.7% |
| Land and buildings | 22 | €952,695 | €963,203 | +€10,508 | +1.1% |
| Plant, machinery and equipment | 23 | €2,806 | €2,384 | -€422 | -15.0% |
| Furniture and vehicles | 24 | €26,777 | €223 | -€26,554 | -99.2% |
| Current assets | 29/58 | €42,782 | €14,200 | -€28,582 | -66.8% |
| Amounts receivable within one year | 40/41 | €32,727 | €1,415 | -€31,312 | -95.7% |
| Trade receivables | 40 | €31,694 | €44 | -€31,650 | -99.9% |
| Other amounts receivable | 41 | €1,033 | €1,371 | +€338 | +32.7% |
| Cash at bank and in hand | 54/58 | €4,520 | €6,800 | +€2,280 | +50.4% |
| Deferred charges and accrued income | 490/1 | €5,535 | €5,985 | +€450 | +8.1% |
| Total equity and liabilities | 10/49 | €1,025,060 | €980,009 | -€45,051 | -4.4% |
| Equity | 10/15 | €288,627 | €295,061 | +€6,435 | +2.2% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €326,931 | €326,931 | = | 0.0% |
| Distributable reserves | 133 | €326,931 | €326,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,504 | -€45,069 | +€6,435 | +12.5% |
| Amounts payable | 17/49 | €736,433 | €684,948 | -€51,485 | -7.0% |
| Amounts payable after more than one year | 17 | €379,450 | €330,923 | -€48,527 | -12.8% |
| Financial debts | 170/4 | €377,810 | €329,283 | -€48,527 | -12.8% |
| Other amounts payable | 178/9 | €1,640 | €1,640 | = | 0.0% |
| Amounts payable within one year | 42/48 | €356,983 | €354,025 | -€2,958 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €47,041 | €48,527 | +€1,487 | +3.2% |
| Trade debts | 44 | €902 | €2,184 | +€1,283 | +142% |
| Suppliers | 440/4 | €902 | €2,184 | +€1,283 | +142% |
| Taxes, remuneration and social security | 45 | €6,735 | €8,546 | +€1,811 | +26.9% |
| Taxes | 450/3 | €6,735 | €8,546 | +€1,811 | +26.9% |
| Other amounts payable | 47/48 | €302,306 | €294,768 | -€7,539 | -2.5% |
| Non-recurring operating income | 76A | - | €10,950 | +€10,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,646 | €33,545 | -€4,101 | -10.9% |
| Other operating charges | 640/8 | €6,736 | €5,517 | -€1,219 | -18.1% |
| Gross operating margin | 9900 | €38,657 | €56,834 | +€18,177 | +47.0% |
| Operating profit (loss) | 9901 | -€5,725 | €17,772 | +€23,497 | |
| Financial income | 75/76B | €2,205 | €53 | -€2,152 | -97.6% |
| Recurring financial income | 75 | €2,205 | €53 | -€2,152 | -97.6% |
| Financial charges | 65/66B | €13,501 | €10,985 | -€2,516 | -18.6% |
| Recurring financial charges | 65 | €13,501 | €10,985 | -€2,516 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,020 | €6,840 | +€23,860 | |
| Income taxes | 67/77 | €423 | €405 | -€18 | -4.2% |
| Profit (loss) for the period | 9904 | -€17,443 | €6,435 | +€23,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,443 | €6,435 | +€23,878 |
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 24 October 2026 via checked.be.