AERh CONSULTING: 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.
AERh CONSULTING
Largest movements
- Receivables within one year -€50,708
down €50,708 (-73.1%), from €69,348 to €18,640
of which Trade receivables: -€37,583
- Cash +€25,189
up €25,189 (+15.3%), from €165,159 to €190,348
mainly Receivables within one year (+€50,708) and Net result for the year (+€4,548)
- Trade debts -€32,482
down €32,482 (-96.0%), from €33,821 to €1,339
- Profit (loss) carried forward +€4,548
up €4,548 (+26.9%), from -€16,911 to -€12,363
- Gross operating margin -€10,107
down €10,107 (-61.9%), from €16,339 to €6,231
- Taxes +€1,617
up €1,617 (+1,156%), from €140 to €1,757
- Financial income +€392
up €392 (+64.1%), from €613 to €1,005
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 | €264,061 | €238,122 | -€25,939 | -9.8% |
| Fixed assets | 21/28 | €1,680 | €1,260 | -€420 | -25.0% |
| Tangible fixed assets | 22/27 | €1,680 | €1,260 | -€420 | -25.0% |
| Furniture and vehicles | 24 | €1,680 | €1,260 | -€420 | -25.0% |
| Current assets | 29/58 | €262,381 | €236,862 | -€25,519 | -9.7% |
| Amounts receivable after more than one year | 29 | €26,977 | €26,977 | = | 0.0% |
| Other amounts receivable | 291 | €26,977 | €26,977 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,348 | €18,640 | -€50,708 | -73.1% |
| Trade receivables | 40 | €38,129 | €546 | -€37,583 | -98.6% |
| Other amounts receivable | 41 | €31,219 | €18,094 | -€13,125 | -42.0% |
| Cash at bank and in hand | 54/58 | €165,159 | €190,348 | +€25,189 | +15.3% |
| Deferred charges and accrued income | 490/1 | €896 | €896 | = | 0.0% |
| Total equity and liabilities | 10/49 | €264,061 | €238,122 | -€25,939 | -9.8% |
| Equity | 10/15 | €229,825 | €234,373 | +€4,548 | +2.0% |
| Contributions | 10/11 | €148,400 | €148,400 | = | 0.0% |
| Reserves | 13 | €98,336 | €98,336 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,080 | €16,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,080 | €16,080 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €63,506 | €63,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,911 | -€12,363 | +€4,548 | +26.9% |
| Amounts payable | 17/49 | €34,237 | €3,749 | -€30,487 | -89.0% |
| Amounts payable within one year | 42/48 | €34,237 | €3,749 | -€30,487 | -89.0% |
| Trade debts | 44 | €33,821 | €1,339 | -€32,482 | -96.0% |
| Suppliers | 440/4 | €33,821 | €1,339 | -€32,482 | -96.0% |
| Taxes, remuneration and social security | 45 | €415 | €2,410 | +€1,995 | +480% |
| Taxes | 450/3 | €415 | €2,410 | +€1,995 | +480% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420 | €420 | = | 0.0% |
| Other operating charges | 640/8 | €285 | €295 | +€10 | +3.4% |
| Gross operating margin | 9900 | €16,339 | €6,231 | -€10,107 | -61.9% |
| Operating profit (loss) | 9901 | €15,633 | €5,516 | -€10,117 | -64.7% |
| Financial income | 75/76B | €613 | €1,005 | +€392 | +64.1% |
| Recurring financial income | 75 | €613 | €1,005 | +€392 | +64.1% |
| Financial charges | 65/66B | €218 | €216 | -€2 | -0.9% |
| Recurring financial charges | 65 | €218 | €216 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €16,028 | €6,305 | -€9,723 | -60.7% |
| Income taxes | 67/77 | €140 | €1,757 | +€1,617 | +1,156% |
| Profit (loss) for the period | 9904 | €15,888 | €4,548 | -€11,340 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,888 | €4,548 | -€11,340 | -71.4% |
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 31 October 2026 via checked.be.