AERO GC: 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.
AERO GC
Largest movements
- Financial fixed assets +€160,000
new in 2025: €160,000
- Cash -€52,550
down €52,550 (-66.7%), from €78,732 to €26,182
mainly Investment in fixed assets (net) (-€193,890)
- Tangible fixed assets +€26,343
up €26,343 (+2,970%), from €887 to €27,230
- Reserves +€50,000
new in 2025: €50,000
- Other debts +€36,563
up €36,563 (+569%), from €6,422 to €42,985
- Profit (loss) carried forward +€33,713
up €33,713 (+58.8%), from €57,323 to €91,036
- Tax, wage and social debts +€11,097
up €11,097 (+42.6%), from €26,049 to €37,146
- Gross operating margin +€43,295
up €43,295 (+56.4%), from €76,737 to €120,032
- Taxes +€9,450
up €9,450 (+49.3%), from €19,150 to €28,600
- Depreciation +€7,283
up €7,283 (+2,759%), from €264 to €7,547
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 | €90,932 | €222,729 | +€131,797 | +145% |
| Fixed assets | 21/28 | €887 | €187,230 | +€186,343 | +21,008% |
| Tangible fixed assets | 22/27 | €887 | €27,230 | +€26,343 | +2,970% |
| Furniture and vehicles | 24 | €887 | €27,230 | +€26,343 | +2,970% |
| Financial fixed assets | 28 | - | €160,000 | +€160,000 | |
| Current assets | 29/58 | €90,045 | €35,499 | -€54,546 | -60.6% |
| Amounts receivable within one year | 40/41 | €11,313 | €9,317 | -€1,996 | -17.6% |
| Trade receivables | 40 | €11,313 | €9,317 | -€1,996 | -17.6% |
| Cash at bank and in hand | 54/58 | €78,732 | €26,182 | -€52,550 | -66.7% |
| Total equity and liabilities | 10/49 | €90,932 | €222,729 | +€131,797 | +145% |
| Equity | 10/15 | €58,323 | €142,036 | +€83,713 | +144% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €57,323 | €91,036 | +€33,713 | +58.8% |
| Amounts payable | 17/49 | €32,609 | €80,693 | +€48,084 | +147% |
| Amounts payable within one year | 42/48 | €32,609 | €80,693 | +€48,084 | +147% |
| Trade debts | 44 | €138 | €562 | +€424 | +307% |
| Suppliers | 440/4 | €138 | €562 | +€424 | +307% |
| Taxes, remuneration and social security | 45 | €26,049 | €37,146 | +€11,097 | +42.6% |
| Taxes | 450/3 | €26,049 | €37,146 | +€11,097 | +42.6% |
| Other amounts payable | 47/48 | €6,422 | €42,985 | +€36,563 | +569% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €7,547 | +€7,283 | +2,759% |
| Other operating charges | 640/8 | - | €139 | +€139 | |
| Gross operating margin | 9900 | €76,737 | €120,032 | +€43,295 | +56.4% |
| Operating profit (loss) | 9901 | €76,473 | €112,346 | +€35,873 | +46.9% |
| Financial charges | 65/66B | - | €33 | +€33 | |
| Recurring financial charges | 65 | - | €33 | +€33 | |
| Profit (loss) for the period before taxes | 9903 | €76,473 | €112,313 | +€35,840 | +46.9% |
| Income taxes | 67/77 | €19,150 | €28,600 | +€9,450 | +49.3% |
| Profit (loss) for the period | 9904 | €57,323 | €83,713 | +€26,390 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,323 | €83,713 | +€26,390 | +46.0% |
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 14 October 2026 via checked.be.