AERO KNOWLEDGE: 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 KNOWLEDGE
Largest movements
- Current investments +€15,037
up €15,037 (+17.9%), from €83,909 to €98,946
- Receivables within one year -€12,159
down €12,159 (-80.0%), from €15,204 to €3,045
of which Trade receivables: -€14,320
- Tangible fixed assets -€6,052
down €6,052 (-25.3%), from €23,945 to €17,893
- Reserves +€6,144
up €6,144 (+7.8%), from €78,917 to €85,061
of which Distributable reserves: +€6,144
- Other debts -€3,845
down €3,845 (-100.0%), from €3,845 to €0
- Short-term financial debts -€2,417
down €2,417 (-71.1%), from €3,400 to €983
- Tax, wage and social debts -€1,939
down €1,939 (-31.8%), from €6,094 to €4,155
- Gross operating margin -€8,340
down €8,340 (-26.9%), from €31,031 to €22,692
- Taxes -€3,189
down €3,189 (-33.3%), from €9,567 to €6,378
- Depreciation +€1,160
up €1,160 (+23.7%), from €4,892 to €6,052
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 | €128,100 | €125,377 | -€2,722 | -2.1% |
| Fixed assets | 21/28 | €24,413 | €18,361 | -€6,052 | -24.8% |
| Tangible fixed assets | 22/27 | €23,945 | €17,893 | -€6,052 | -25.3% |
| Furniture and vehicles | 24 | €23,945 | €17,893 | -€6,052 | -25.3% |
| Financial fixed assets | 28 | €468 | €468 | = | 0.0% |
| Current assets | 29/58 | €103,687 | €107,017 | +€3,329 | +3.2% |
| Amounts receivable within one year | 40/41 | €15,204 | €3,045 | -€12,159 | -80.0% |
| Trade receivables | 40 | €14,582 | €262 | -€14,320 | -98.2% |
| Other amounts receivable | 41 | €622 | €2,783 | +€2,161 | +347.4% |
| Current investments | 50/53 | €83,909 | €98,946 | +€15,037 | +17.9% |
| Cash at bank and in hand | 54/58 | €3,405 | €3,822 | +€416 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,169 | €1,204 | +€35 | +3.0% |
| Total equity and liabilities | 10/49 | €128,100 | €125,377 | -€2,722 | -2.1% |
| Equity | 10/15 | €113,721 | €119,865 | +€6,144 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,917 | €85,061 | +€6,144 | +7.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,570 | €5,570 | = | 0.0% |
| Distributable reserves | 133 | €73,347 | €79,491 | +€6,144 | +8.4% |
| Profit (loss) carried forward | 14 | €22,404 | €22,404 | = | 0.0% |
| Amounts payable | 17/49 | €14,379 | €5,512 | -€8,867 | -61.7% |
| Amounts payable within one year | 42/48 | €14,379 | €5,512 | -€8,867 | -61.7% |
| Financial debts | 43 | €3,400 | €983 | -€2,417 | -71.1% |
| Credit institutions | 430/8 | €3,400 | €983 | -€2,417 | -71.1% |
| Trade debts | 44 | €1,040 | €374 | -€666 | -64.0% |
| Suppliers | 440/4 | €1,040 | €374 | -€666 | -64.0% |
| Taxes, remuneration and social security | 45 | €6,094 | €4,155 | -€1,939 | -31.8% |
| Taxes | 450/3 | €6,094 | €4,155 | -€1,939 | -31.8% |
| Other amounts payable | 47/48 | €3,845 | €0 | -€3,845 | -100.0% |
| Non-recurring operating income | 76A | €455 | €0 | -€455 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,892 | €6,052 | +€1,160 | +23.7% |
| Other operating charges | 640/8 | €616 | €728 | +€112 | +18.2% |
| Gross operating margin | 9900 | €31,031 | €22,692 | -€8,340 | -26.9% |
| Operating profit (loss) | 9901 | €25,523 | €15,912 | -€9,611 | -37.7% |
| Financial income | 75/76B | €1,577 | €1,502 | -€75 | -4.8% |
| Recurring financial income | 75 | €1,577 | €1,502 | -€75 | -4.8% |
| Financial charges | 65/66B | €208 | €391 | +€183 | +88.3% |
| Recurring financial charges | 65 | €208 | €391 | +€183 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €26,892 | €17,022 | -€9,870 | -36.7% |
| Income taxes | 67/77 | €9,567 | €6,378 | -€3,189 | -33.3% |
| Profit (loss) for the period | 9904 | €17,325 | €10,644 | -€6,681 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,325 | €10,644 | -€6,681 | -38.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.