AERNOUTS: 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.
AERNOUTS
Largest movements
- Stocks and contracts -€11,244
down €11,244 (-39.9%), from €28,174 to €16,931
- Tangible fixed assets -€2,006
down €2,006 (-19.2%), from €10,438 to €8,432
- Cash +€903
up €903 (+37.2%), from €2,425 to €3,327
mainly Stocks and contracts (+€11,244) and Depreciation (+€2,006)
- Receivables within one year -€801
down €801 (-66.1%), from €1,211 to €411
of which Other amounts receivable: -€725
- Profit (loss) carried forward -€15,641
down €15,641 (-25.9%), from -€60,412 to -€76,052
- Tax, wage and social debts +€1,959
up €1,959 (+10.5%), from €18,710 to €20,669
of which Taxes: +€1,536
- Other debts +€833
up €833 (+2.3%), from €36,490 to €37,323
- Staff costs +€7,921
up €7,921 (+8.9%), from €88,866 to €96,787
- Gross operating margin +€3,455
up €3,455 (+4.1%), from €84,774 to €88,229
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 | €45,152 | €32,004 | -€13,148 | -29.1% |
| Fixed assets | 21/28 | €12,951 | €10,945 | -€2,006 | -15.5% |
| Tangible fixed assets | 22/27 | €10,438 | €8,432 | -€2,006 | -19.2% |
| Plant, machinery and equipment | 23 | €10,438 | €8,432 | -€2,006 | -19.2% |
| Financial fixed assets | 28 | €2,513 | €2,513 | = | 0.0% |
| Current assets | 29/58 | €32,201 | €21,059 | -€11,141 | -34.6% |
| Stocks and contracts in progress | 3 | €28,174 | €16,931 | -€11,244 | -39.9% |
| Stocks | 30/36 | €28,174 | €16,931 | -€11,244 | -39.9% |
| Amounts receivable within one year | 40/41 | €1,211 | €411 | -€801 | -66.1% |
| Trade receivables | 40 | €486 | €411 | -€75 | -15.5% |
| Other amounts receivable | 41 | €725 | - | -€725 | |
| Cash at bank and in hand | 54/58 | €2,425 | €3,327 | +€903 | +37.2% |
| Deferred charges and accrued income | 490/1 | €390 | €390 | = | 0.0% |
| Total equity and liabilities | 10/49 | €45,152 | €32,004 | -€13,148 | -29.1% |
| Equity | 10/15 | -€38,412 | -€54,052 | -€15,641 | -40.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€60,412 | -€76,052 | -€15,641 | -25.9% |
| Amounts payable | 17/49 | €83,563 | €86,056 | +€2,493 | +3.0% |
| Amounts payable within one year | 42/48 | €83,563 | €86,056 | +€2,493 | +3.0% |
| Trade debts | 44 | €28,363 | €28,064 | -€299 | -1.1% |
| Suppliers | 440/4 | €28,363 | €28,064 | -€299 | -1.1% |
| Taxes, remuneration and social security | 45 | €18,710 | €20,669 | +€1,959 | +10.5% |
| Taxes | 450/3 | €418 | €1,954 | +€1,536 | +366.9% |
| Remuneration and social security | 454/9 | €18,292 | €18,715 | +€423 | +2.3% |
| Other amounts payable | 47/48 | €36,490 | €37,323 | +€833 | +2.3% |
| Remuneration, social security and pensions | 62 | €88,866 | €96,787 | +€7,921 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,006 | €2,006 | = | 0.0% |
| Other operating charges | 640/8 | €932 | €1,225 | +€294 | +31.5% |
| Gross operating margin | 9900 | €84,774 | €88,229 | +€3,455 | +4.1% |
| Operating profit (loss) | 9901 | -€7,030 | -€11,790 | -€4,760 | -67.7% |
| Financial income | 75/76B | €558 | €501 | -€56 | -10.1% |
| Recurring financial income | 75 | €558 | €501 | -€56 | -10.1% |
| Financial charges | 65/66B | €4,178 | €4,154 | -€24 | -0.6% |
| Recurring financial charges | 65 | €4,178 | €4,154 | -€24 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,651 | -€15,443 | -€4,792 | -45.0% |
| Income taxes | 67/77 | €216 | €198 | -€18 | -8.2% |
| Profit (loss) for the period | 9904 | -€10,866 | -€15,641 | -€4,774 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,866 | -€15,641 | -€4,774 | -43.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.