AERANN: 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.
AERANN
Largest movements
- Tangible fixed assets -€26,643
down €26,643 (-12.7%), from €209,159 to €182,516
of which Land and buildings: -€26,643
- Receivables within one year +€5,965
up €5,965 (+12.4%), from €48,200 to €54,165
of which Trade receivables: +€5,733
- Reserves -€11,614
down €11,614 (-9.7%), from €119,904 to €108,290
of which Distributable reserves: -€11,614
- Tax, wage and social debts -€5,166
down €5,166 (-49.3%), from €10,477 to €5,311
of which Taxes: -€5,166
- Current portion of long-term debt -€3,861
down €3,861 (-73.0%), from €5,287 to €1,426
- Gross operating margin +€8,286
up €8,286 (+15.0%), from €55,157 to €63,443
- Taxes +€2,111
up €2,111 (+41.1%), from €5,132 to €7,243
- Financial charges +€927
up €927 (+403.8%), from €230 to €1,157
- Depreciation -€701
down €701 (-2.6%), from €27,343 to €26,643
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 | €340,093 | €322,185 | -€17,908 | -5.3% |
| Fixed assets | 21/28 | €210,771 | €184,128 | -€26,643 | -12.6% |
| Tangible fixed assets | 22/27 | €209,159 | €182,516 | -€26,643 | -12.7% |
| Land and buildings | 22 | €162,594 | €135,951 | -€26,643 | -16.4% |
| Other tangible fixed assets | 26 | €46,565 | €46,565 | = | 0.0% |
| Financial fixed assets | 28 | €1,612 | €1,612 | = | 0.0% |
| Current assets | 29/58 | €129,322 | €138,057 | +€8,735 | +6.8% |
| Amounts receivable within one year | 40/41 | €48,200 | €54,165 | +€5,965 | +12.4% |
| Trade receivables | 40 | €47,361 | €53,094 | +€5,733 | +12.1% |
| Other amounts receivable | 41 | €839 | €1,071 | +€232 | +27.7% |
| Cash at bank and in hand | 54/58 | €81,122 | €83,892 | +€2,770 | +3.4% |
| Total equity and liabilities | 10/49 | €340,093 | €322,185 | -€17,908 | -5.3% |
| Equity | 10/15 | €126,104 | €114,490 | -€11,614 | -9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,904 | €108,290 | -€11,614 | -9.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €118,044 | €106,430 | -€11,614 | -9.8% |
| Provisions and deferred taxes | 16 | €171,593 | €171,593 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €171,593 | €171,593 | = | 0.0% |
| Environmental obligations | 163 | €171,593 | €171,593 | = | 0.0% |
| Amounts payable | 17/49 | €42,396 | €36,102 | -€6,293 | -14.8% |
| Amounts payable within one year | 42/48 | €42,396 | €36,102 | -€6,293 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €5,287 | €1,426 | -€3,861 | -73.0% |
| Trade debts | 44 | €5,432 | €8,346 | +€2,913 | +53.6% |
| Suppliers | 440/4 | €5,432 | €8,346 | +€2,913 | +53.6% |
| Taxes, remuneration and social security | 45 | €10,477 | €5,311 | -€5,166 | -49.3% |
| Taxes | 450/3 | €8,718 | €3,552 | -€5,166 | -59.3% |
| Remuneration and social security | 454/9 | €1,759 | €1,759 | = | 0.0% |
| Other amounts payable | 47/48 | €21,199 | €21,019 | -€180 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,343 | €26,643 | -€701 | -2.6% |
| Other operating charges | 640/8 | €10,122 | €9,719 | -€403 | -4.0% |
| Gross operating margin | 9900 | €55,157 | €63,443 | +€8,286 | +15.0% |
| Operating profit (loss) | 9901 | €17,692 | €27,082 | +€9,390 | +53.1% |
| Financial income | 75/76B | €0 | €476 | +€476 | +4760200.0% |
| Recurring financial income | 75 | €0 | €476 | +€476 | +4760200.0% |
| Financial charges | 65/66B | €230 | €1,157 | +€927 | +403.8% |
| Recurring financial charges | 65 | €230 | €1,157 | +€927 | +403.8% |
| Profit (loss) for the period before taxes | 9903 | €17,463 | €26,401 | +€8,938 | +51.2% |
| Income taxes | 67/77 | €5,132 | €7,243 | +€2,111 | +41.1% |
| Profit (loss) for the period | 9904 | €12,331 | €19,158 | +€6,827 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,331 | €19,158 | +€6,827 | +55.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.