AEREA: 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.
AEREA
Largest movements
- Cash +€24,238
up €24,238 (+28.8%), from €84,095 to €108,334
mainly Net result for the year (+€82,384) and Tax, wage and social debts (+€21,945)
- Tangible fixed assets -€10,373
down €10,373 (-1.9%), from €540,388 to €530,015
of which Land and buildings: -€5,605
- Debts after one year -€30,860
down €30,860 (-9.2%), from €335,464 to €304,604
- Tax, wage and social debts +€21,945
up €21,945 (+132%), from €16,643 to €38,588
- Contributions +€13,800
up €13,800 (+223%), from €6,200 to €20,000
- Reserves +€9,384
up €9,384 (+2.6%), from €360,668 to €370,052
- Gross operating margin +€75,304
up €75,304 (+77.0%), from €97,790 to €173,094
- Taxes +€28,185
up €28,185 (+138%), from €20,430 to €48,615
- Other operating charges +€15,898
up €15,898 (+504%), from €3,155 to €19,052
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 | €753,482 | €766,687 | +€13,205 | +1.8% |
| Fixed assets | 21/28 | €540,388 | €530,015 | -€10,373 | -1.9% |
| Tangible fixed assets | 22/27 | €540,388 | €530,015 | -€10,373 | -1.9% |
| Land and buildings | 22 | €477,427 | €471,822 | -€5,605 | -1.2% |
| Plant, machinery and equipment | 23 | €1,418 | €1,005 | -€413 | -29.1% |
| Furniture and vehicles | 24 | €22,587 | €18,233 | -€4,354 | -19.3% |
| Other tangible fixed assets | 26 | €38,955 | €38,955 | = | 0.0% |
| Current assets | 29/58 | €213,094 | €236,672 | +€23,578 | +11.1% |
| Amounts receivable within one year | 40/41 | €125,739 | €125,721 | -€18 | 0.0% |
| Trade receivables | 40 | €29,914 | €32,418 | +€2,504 | +8.4% |
| Other amounts receivable | 41 | €95,825 | €93,303 | -€2,522 | -2.6% |
| Cash at bank and in hand | 54/58 | €84,095 | €108,334 | +€24,238 | +28.8% |
| Deferred charges and accrued income | 490/1 | €3,260 | €2,617 | -€643 | -19.7% |
| Total equity and liabilities | 10/49 | €753,482 | €766,687 | +€13,205 | +1.8% |
| Equity | 10/15 | €366,868 | €390,052 | +€23,184 | +6.3% |
| Contributions | 10/11 | €6,200 | €20,000 | +€13,800 | +223% |
| Reserves | 13 | €360,668 | €370,052 | +€9,384 | +2.6% |
| Distributable reserves | 133 | €360,668 | €370,052 | +€9,384 | +2.6% |
| Amounts payable | 17/49 | €386,613 | €376,635 | -€9,979 | -2.6% |
| Amounts payable after more than one year | 17 | €335,464 | €304,604 | -€30,860 | -9.2% |
| Financial debts | 170/4 | €335,464 | €304,604 | -€30,860 | -9.2% |
| Amounts payable within one year | 42/48 | €51,149 | €72,031 | +€20,882 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €30,269 | €30,860 | +€591 | +2.0% |
| Trade debts | 44 | €3,437 | €1,782 | -€1,655 | -48.1% |
| Suppliers | 440/4 | €3,437 | €1,782 | -€1,655 | -48.1% |
| Taxes, remuneration and social security | 45 | €16,643 | €38,588 | +€21,945 | +132% |
| Taxes | 450/3 | €16,643 | €38,588 | +€21,945 | +132% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,963 | €21,656 | +€693 | +3.3% |
| Other operating charges | 640/8 | €3,155 | €19,052 | +€15,898 | +504% |
| Gross operating margin | 9900 | €97,790 | €173,094 | +€75,304 | +77.0% |
| Operating profit (loss) | 9901 | €73,672 | €132,385 | +€58,713 | +79.7% |
| Financial income | 75/76B | €4,544 | €5,731 | +€1,188 | +26.1% |
| Recurring financial income | 75 | €4,544 | €5,731 | +€1,188 | +26.1% |
| Financial charges | 65/66B | €7,722 | €7,117 | -€604 | -7.8% |
| Recurring financial charges | 65 | €7,722 | €7,117 | -€604 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €70,494 | €130,999 | +€60,505 | +85.8% |
| Income taxes | 67/77 | €20,430 | €48,615 | +€28,185 | +138% |
| Profit (loss) for the period | 9904 | €50,064 | €82,384 | +€32,320 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,064 | €82,384 | +€32,320 | +64.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.