Aero 34: 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.
Aero 34
Largest movements
- Tangible fixed assets +€6,465
new in 2025: €6,465
of which Furniture and vehicles: +€6,120
- Receivables within one year -€4,104
down €4,104 (-11.6%), from €35,293 to €31,189
of which Trade receivables: -€2,761
- Cash -€2,271
down €2,271 (-14.9%), from €15,278 to €13,007
mainly Trade debts (-€10,791) and Investment in fixed assets (net) (-€7,118)
- Deferred charges and accrued income +€1,131
up €1,131 (+77.1%), from €1,467 to €2,597
- Profit (loss) carried forward +€16,130
up €16,130 (+234.2%), from €6,889 to €23,019
- Trade debts -€10,791
down €10,791 (-42.7%), from €25,268 to €14,478
- Other debts -€6,264
down €6,264 (-86.3%), from €7,256 to €992
- Tax, wage and social debts +€2,146
up €2,146 (+101.0%), from €2,124 to €4,269
- Gross operating margin +€12,819
up €12,819 (+135.5%), from €9,463 to €22,283
- Taxes +€2,208
up €2,208 (+107.2%), from €2,061 to €4,269
- Depreciation +€653
new in 2025: €653
- Financial charges -€391
down €391 (-61.6%), from €634 to €244
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 | €52,037 | €53,258 | +€1,221 | +2.3% |
| Fixed assets | 21/28 | - | €6,465 | +€6,465 | |
| Tangible fixed assets | 22/27 | - | €6,465 | +€6,465 | |
| Plant, machinery and equipment | 23 | - | €345 | +€345 | |
| Furniture and vehicles | 24 | - | €6,120 | +€6,120 | |
| Current assets | 29/58 | €52,037 | €46,793 | -€5,244 | -10.1% |
| Amounts receivable within one year | 40/41 | €35,293 | €31,189 | -€4,104 | -11.6% |
| Trade receivables | 40 | €32,376 | €29,615 | -€2,761 | -8.5% |
| Other amounts receivable | 41 | €2,917 | €1,574 | -€1,343 | -46.0% |
| Cash at bank and in hand | 54/58 | €15,278 | €13,007 | -€2,271 | -14.9% |
| Deferred charges and accrued income | 490/1 | €1,467 | €2,597 | +€1,131 | +77.1% |
| Total equity and liabilities | 10/49 | €52,037 | €53,258 | +€1,221 | +2.3% |
| Equity | 10/15 | €17,389 | €33,519 | +€16,130 | +92.8% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,889 | €23,019 | +€16,130 | +234.2% |
| Amounts payable | 17/49 | €34,648 | €19,739 | -€14,909 | -43.0% |
| Amounts payable within one year | 42/48 | €34,648 | €19,739 | -€14,909 | -43.0% |
| Trade debts | 44 | €25,268 | €14,478 | -€10,791 | -42.7% |
| Suppliers | 440/4 | €25,268 | €14,478 | -€10,791 | -42.7% |
| Taxes, remuneration and social security | 45 | €2,124 | €4,269 | +€2,146 | +101.0% |
| Taxes | 450/3 | €2,124 | €4,269 | +€2,146 | +101.0% |
| Other amounts payable | 47/48 | €7,256 | €992 | -€6,264 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €653 | +€653 | |
| Other operating charges | 640/8 | - | €14 | +€14 | |
| Non-recurring operating charges | 66A | - | €1,008 | +€1,008 | |
| Gross operating margin | 9900 | €9,463 | €22,283 | +€12,819 | +135.5% |
| Operating profit (loss) | 9901 | €9,463 | €20,607 | +€11,144 | +117.8% |
| Financial income | 75/76B | €0 | €36 | +€36 | +357300.0% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +357300.0% |
| Financial charges | 65/66B | €634 | €244 | -€391 | -61.6% |
| Recurring financial charges | 65 | €634 | €244 | -€391 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €8,829 | €20,400 | +€11,571 | +131.1% |
| Income taxes | 67/77 | €2,061 | €4,269 | +€2,208 | +107.2% |
| Profit (loss) for the period | 9904 | €6,768 | €16,130 | +€9,362 | +138.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,768 | €16,130 | +€9,362 | +138.3% |
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 8 October 2026 via checked.be.