AERA ENERGY: what changed
AERA ENERGY
Largest movements
- Receivables within one year +€68,208
up €68,208 (+190%), from €35,887 to €104,095
of which Other amounts receivable: +€50,533
- Cash -€15,697
down €15,697 (-76.0%), from €20,663 to €4,965
mainly Receivables within one year (-€68,208) and Deferred charges and accrued income (-€10,927)
- Deferred charges and accrued income +€10,927
up €10,927 (+189%), from €5,793 to €16,719
- Tangible fixed assets +€4,967
up €4,967 (+180%), from €2,759 to €7,726
of which Other tangible fixed assets: +€6,300
- Reserves +€44,867
up €44,867 (+80.5%), from €55,766 to €100,632
- Tax, wage and social debts +€22,716
up €22,716 (+158%), from €14,366 to €37,082
- Write-downs +€20,376
new in 2025: €20,376
- Gross operating margin +€9,411
up €9,411 (+12.9%), from €72,782 to €82,192
- Taxes -€2,822
down €2,822 (-19.9%), from €14,200 to €11,378
- Other operating charges +€1,723
up €1,723 (+243%), from €708 to €2,431
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,670 | €137,814 | +€67,144 | +95.0% |
| Fixed assets | 21/28 | €8,328 | €12,035 | +€3,707 | +44.5% |
| Intangible fixed assets | 21 | €5,569 | €4,309 | -€1,260 | -22.6% |
| Tangible fixed assets | 22/27 | €2,759 | €7,726 | +€4,967 | +180% |
| Furniture and vehicles | 24 | €2,759 | €1,426 | -€1,333 | -48.3% |
| Other tangible fixed assets | 26 | - | €6,300 | +€6,300 | |
| Current assets | 29/58 | €62,342 | €125,780 | +€63,437 | +102% |
| Amounts receivable within one year | 40/41 | €35,887 | €104,095 | +€68,208 | +190% |
| Trade receivables | 40 | €1,311 | €18,986 | +€17,675 | +1,348% |
| Other amounts receivable | 41 | €34,575 | €85,109 | +€50,533 | +146% |
| Cash at bank and in hand | 54/58 | €20,663 | €4,965 | -€15,697 | -76.0% |
| Deferred charges and accrued income | 490/1 | €5,793 | €16,719 | +€10,927 | +189% |
| Total equity and liabilities | 10/49 | €70,670 | €137,814 | +€67,144 | +95.0% |
| Equity | 10/15 | €55,866 | €100,732 | +€44,867 | +80.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €55,766 | €100,632 | +€44,867 | +80.5% |
| Distributable reserves | 133 | €55,766 | €100,632 | +€44,867 | +80.5% |
| Amounts payable | 17/49 | €14,805 | €37,082 | +€22,277 | +150% |
| Amounts payable within one year | 42/48 | €14,805 | €37,082 | +€22,277 | +150% |
| Trade debts | 44 | €438 | - | -€438 | |
| Suppliers | 440/4 | €438 | - | -€438 | |
| Taxes, remuneration and social security | 45 | €14,366 | €37,082 | +€22,716 | +158% |
| Taxes | 450/3 | €14,366 | €37,082 | +€22,716 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,972 | €2,593 | +€621 | +31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,376 | +€20,376 | |
| Other operating charges | 640/8 | €708 | €2,431 | +€1,723 | +243% |
| Gross operating margin | 9900 | €72,782 | €82,192 | +€9,411 | +12.9% |
| Operating profit (loss) | 9901 | €70,102 | €56,793 | -€13,309 | -19.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €136 | €548 | +€412 | +303% |
| Recurring financial charges | 65 | €136 | €548 | +€412 | +303% |
| Profit (loss) for the period before taxes | 9903 | €69,966 | €56,245 | -€13,721 | -19.6% |
| Income taxes | 67/77 | €14,200 | €11,378 | -€2,822 | -19.9% |
| Profit (loss) for the period | 9904 | €55,766 | €44,867 | -€10,899 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,766 | €44,867 | -€10,899 | -19.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.