AERO MAINTENANCE: 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 MAINTENANCE
Largest movements
- Receivables within one year -€22,613
down €22,613 (-16.2%), from €139,654 to €117,041
of which Trade receivables: -€25,473
- Stocks and contracts +€21,364
up €21,364 (+10.0%), from €213,643 to €235,008
- Tangible fixed assets -€20,095
down €20,095 (-5.2%), from €387,905 to €367,810
of which Plant, machinery and equipment: -€15,940
- Cash +€11,823
up €11,823 (+73.7%), from €16,047 to €27,869
mainly Net result for the year (+€76,993) and Other debts (+€60,035)
- Tax, wage and social debts -€131,917
down €131,917 (-41.9%), from €314,923 to €183,006
of which Remuneration and social security: -€69,398
- Profit (loss) carried forward +€76,993
up €76,993 (+7.9%), from -€970,060 to -€893,067
- Other debts +€60,035
new in 2025: €60,035
- Trade debts -€17,627
down €17,627 (-11.0%), from €160,300 to €142,673
- Staff costs -€288,631
down €288,631 (-96.6%), from €298,659 to €10,028
- Write-downs -€254,496
no longer reported in 2025 (was €254,496)
- Gross operating margin +€25,388
up €25,388 (+27.5%), from €92,293 to €117,682
- Depreciation +€22,762
new in 2025: €22,762
- Financial charges +€16,281
up €16,281, from -€15,289 to €992
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 | €766,317 | €753,689 | -€12,627 | -1.6% |
| Fixed assets | 21/28 | €396,973 | €373,771 | -€23,202 | -5.8% |
| Intangible fixed assets | 21 | €8,000 | €5,334 | -€2,666 | -33.3% |
| Tangible fixed assets | 22/27 | €387,905 | €367,810 | -€20,095 | -5.2% |
| Land and buildings | 22 | €27,437 | €27,437 | = | 0.0% |
| Plant, machinery and equipment | 23 | €351,819 | €335,879 | -€15,940 | -4.5% |
| Furniture and vehicles | 24 | €8,649 | €4,494 | -€4,155 | -48.0% |
| Financial fixed assets | 28 | €1,067 | €627 | -€440 | -41.2% |
| Current assets | 29/58 | €369,344 | €379,918 | +€10,574 | +2.9% |
| Stocks and contracts in progress | 3 | €213,643 | €235,008 | +€21,364 | +10.0% |
| Stocks | 30/36 | €213,643 | €235,008 | +€21,364 | +10.0% |
| Amounts receivable within one year | 40/41 | €139,654 | €117,041 | -€22,613 | -16.2% |
| Trade receivables | 40 | €95,435 | €69,962 | -€25,473 | -26.7% |
| Other amounts receivable | 41 | €44,219 | €47,079 | +€2,861 | +6.5% |
| Cash at bank and in hand | 54/58 | €16,047 | €27,869 | +€11,823 | +73.7% |
| Total equity and liabilities | 10/49 | €766,317 | €753,689 | -€12,627 | -1.6% |
| Equity | 10/15 | -€951,200 | -€874,207 | +€76,993 | +8.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €310 | €310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €310 | €310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €310 | €310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€970,060 | -€893,067 | +€76,993 | +7.9% |
| Amounts payable | 17/49 | €1,717,517 | €1,627,897 | -€89,620 | -5.2% |
| Amounts payable after more than one year | 17 | €1,242,182 | €1,242,182 | = | 0.0% |
| Other amounts payable | 178/9 | €1,242,182 | €1,242,182 | = | 0.0% |
| Amounts payable within one year | 42/48 | €475,223 | €385,715 | -€89,508 | -18.8% |
| Trade debts | 44 | €160,300 | €142,673 | -€17,627 | -11.0% |
| Suppliers | 440/4 | €160,300 | €142,673 | -€17,627 | -11.0% |
| Taxes, remuneration and social security | 45 | €314,923 | €183,006 | -€131,917 | -41.9% |
| Taxes | 450/3 | €118,356 | €55,837 | -€62,519 | -52.8% |
| Remuneration and social security | 454/9 | €196,568 | €127,170 | -€69,398 | -35.3% |
| Other amounts payable | 47/48 | - | €60,035 | +€60,035 | |
| Accrued charges and deferred income | 492/3 | €112 | - | -€112 | |
| Non-recurring operating income | 76A | €106 | - | -€106 | |
| Remuneration, social security and pensions | 62 | €298,659 | €10,028 | -€288,631 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22,762 | +€22,762 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €254,496 | - | -€254,496 | |
| Other operating charges | 640/8 | €16,890 | €6,918 | -€9,972 | -59.0% |
| Gross operating margin | 9900 | €92,293 | €117,682 | +€25,388 | +27.5% |
| Operating profit (loss) | 9901 | -€477,752 | €77,973 | +€555,726 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +23800.0% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +23800.0% |
| Financial charges | 65/66B | -€15,289 | €992 | +€16,281 | |
| Recurring financial charges | 65 | -€15,289 | €992 | +€16,281 | |
| Profit (loss) for the period before taxes | 9903 | -€462,464 | €76,993 | +€539,457 | |
| Profit (loss) for the period | 9904 | -€462,464 | €76,993 | +€539,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€462,464 | €76,993 | +€539,457 |
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 12 October 2026 via checked.be.