Aerneo: 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.
Aerneo
Largest movements
- Receivables within one year +€12,828
up €12,828 (+68.2%), from €18,815 to €31,643
of which Trade receivables: +€13,848
- Cash +€9,212
up €9,212 (+62.9%), from €14,642 to €23,854
mainly Net result for the year (+€10,527) and Trade debts (+€10,370)
- Tangible fixed assets +€3,638
up €3,638 (+166%), from €2,191 to €5,828
- Profit (loss) carried forward +€10,527
up €10,527 (+54.1%), from €19,446 to €29,973
- Trade debts +€10,370
up €10,370 (+151%), from €6,850 to €17,220
- Other debts +€3,682
new in 2025: €3,682
- Tax, wage and social debts +€1,651
up €1,651 (+25.3%), from €6,537 to €8,188
- Gross operating margin -€11,953
down €11,953 (-45.4%), from €26,333 to €14,380
- Taxes -€2,280
down €2,280 (-46.9%), from €4,861 to €2,581
- Depreciation -€890
down €890 (-44.3%), from €2,009 to €1,119
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 | €35,833 | €62,065 | +€26,232 | +73.2% |
| Fixed assets | 21/28 | €2,191 | €5,828 | +€3,638 | +166% |
| Tangible fixed assets | 22/27 | €2,191 | €5,828 | +€3,638 | +166% |
| Furniture and vehicles | 24 | €2,191 | €5,828 | +€3,638 | +166% |
| Current assets | 29/58 | €33,642 | €56,237 | +€22,595 | +67.2% |
| Amounts receivable within one year | 40/41 | €18,815 | €31,643 | +€12,828 | +68.2% |
| Trade receivables | 40 | €17,430 | €31,278 | +€13,848 | +79.4% |
| Other amounts receivable | 41 | €1,385 | €365 | -€1,020 | -73.7% |
| Cash at bank and in hand | 54/58 | €14,642 | €23,854 | +€9,212 | +62.9% |
| Deferred charges and accrued income | 490/1 | €185 | €739 | +€554 | +300% |
| Total equity and liabilities | 10/49 | €35,833 | €62,065 | +€26,232 | +73.2% |
| Equity | 10/15 | €22,446 | €32,973 | +€10,527 | +46.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,446 | €29,973 | +€10,527 | +54.1% |
| Amounts payable | 17/49 | €13,387 | €29,092 | +€15,705 | +117% |
| Amounts payable within one year | 42/48 | €13,387 | €29,090 | +€15,703 | +117% |
| Trade debts | 44 | €6,850 | €17,220 | +€10,370 | +151% |
| Suppliers | 440/4 | €6,850 | €17,220 | +€10,370 | +151% |
| Taxes, remuneration and social security | 45 | €6,537 | €8,188 | +€1,651 | +25.3% |
| Taxes | 450/3 | €6,537 | €8,188 | +€1,651 | +25.3% |
| Other amounts payable | 47/48 | - | €3,682 | +€3,682 | |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,009 | €1,119 | -€890 | -44.3% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €26,333 | €14,380 | -€11,953 | -45.4% |
| Operating profit (loss) | 9901 | €24,323 | €13,195 | -€11,129 | -45.8% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €58 | €86 | +€28 | +48.3% |
| Recurring financial charges | 65 | €58 | €86 | +€28 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €24,307 | €13,108 | -€11,199 | -46.1% |
| Income taxes | 67/77 | €4,861 | €2,581 | -€2,280 | -46.9% |
| Profit (loss) for the period | 9904 | €19,446 | €10,527 | -€8,919 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,446 | €10,527 | -€8,919 | -45.9% |
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 18 October 2026 via checked.be.