AERO GUIDE: 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 GUIDE
Largest movements
- Cash +€41,619
up €41,619 (+96.3%), from €43,203 to €84,822
mainly Net result for the year (+€36,786) and Other debts (+€19,057)
- Receivables within one year -€18,642
down €18,642 (-19.8%), from €94,188 to €75,547
of which Trade receivables: -€12,466
- Tangible fixed assets +€2,710
up €2,710 (+13.2%), from €20,464 to €23,174
of which Furniture and vehicles: +€3,869
- Other debts +€19,057
up €19,057 (+338.5%), from €5,629 to €24,686
- Accrued charges and deferred income -€10,883
no longer reported in 2025 (was €10,883)
- Reserves +€10,800
up €10,800 (+9.1%), from €118,980 to €129,781
of which Distributable reserves: +€12,660
- Trade debts +€5,898
up €5,898 (+1298.3%), from €454 to €6,353
- Depreciation -€5,517
down €5,517 (-65.4%), from €8,436 to €2,919
- Gross operating margin +€4,150
up €4,150 (+7.4%), from €55,949 to €60,100
- Taxes +€3,444
up €3,444 (+21.2%), from €16,266 to €19,711
- Staff costs -€819
down €819 (-29.6%), from €2,770 to €1,951
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 | €158,413 | €184,100 | +€25,687 | +16.2% |
| Fixed assets | 21/28 | €21,022 | €23,732 | +€2,710 | +12.9% |
| Tangible fixed assets | 22/27 | €20,464 | €23,174 | +€2,710 | +13.2% |
| Plant, machinery and equipment | 23 | €3,960 | €2,961 | -€999 | -25.2% |
| Furniture and vehicles | 24 | €15,298 | €19,167 | +€3,869 | +25.3% |
| Other tangible fixed assets | 26 | €1,206 | €1,046 | -€160 | -13.3% |
| Financial fixed assets | 28 | €558 | €558 | = | 0.0% |
| Current assets | 29/58 | €137,391 | €160,368 | +€22,977 | +16.7% |
| Amounts receivable within one year | 40/41 | €94,188 | €75,547 | -€18,642 | -19.8% |
| Trade receivables | 40 | €32,862 | €20,395 | -€12,466 | -37.9% |
| Other amounts receivable | 41 | €61,327 | €55,151 | -€6,175 | -10.1% |
| Cash at bank and in hand | 54/58 | €43,203 | €84,822 | +€41,619 | +96.3% |
| Total equity and liabilities | 10/49 | €158,413 | €184,100 | +€25,687 | +16.2% |
| Equity | 10/15 | €128,180 | €138,981 | +€10,800 | +8.4% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €118,980 | €129,781 | +€10,800 | +9.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €117,120 | €129,781 | +€12,660 | +10.8% |
| Amounts payable | 17/49 | €30,233 | €45,119 | +€14,887 | +49.2% |
| Amounts payable within one year | 42/48 | €19,350 | €45,119 | +€25,770 | +133.2% |
| Trade debts | 44 | €454 | €6,353 | +€5,898 | +1298.3% |
| Suppliers | 440/4 | €454 | €6,353 | +€5,898 | +1298.3% |
| Taxes, remuneration and social security | 45 | €13,266 | €14,080 | +€814 | +6.1% |
| Taxes | 450/3 | €11,766 | €12,580 | +€814 | +6.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €5,629 | €24,686 | +€19,057 | +338.5% |
| Accrued charges and deferred income | 492/3 | €10,883 | - | -€10,883 | |
| Non-recurring operating income | 76A | €10,000 | €14,425 | +€4,425 | +44.3% |
| Remuneration, social security and pensions | 62 | €2,770 | €1,951 | -€819 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,436 | €2,919 | -€5,517 | -65.4% |
| Other operating charges | 640/8 | €459 | €39 | -€420 | -91.5% |
| Gross operating margin | 9900 | €55,949 | €60,100 | +€4,150 | +7.4% |
| Operating profit (loss) | 9901 | €44,284 | €55,191 | +€10,907 | +24.6% |
| Financial income | 75/76B | €1,645 | €2,047 | +€403 | +24.5% |
| Recurring financial income | 75 | €1,645 | €914 | -€731 | -44.4% |
| Non-recurring financial income | 76B | - | €1,134 | +€1,134 | |
| Financial charges | 65/66B | €375 | €742 | +€367 | +98.0% |
| Recurring financial charges | 65 | €246 | €714 | +€468 | +190.5% |
| Non-recurring financial charges | 66B | €129 | €28 | -€101 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €45,554 | €56,497 | +€10,943 | +24.0% |
| Income taxes | 67/77 | €16,266 | €19,711 | +€3,444 | +21.2% |
| Profit (loss) for the period | 9904 | €29,288 | €36,786 | +€7,498 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,288 | €36,786 | +€7,498 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.