AERO-MGMT: 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-MGMT
Largest movements
- Cash -€38,948
down €38,948 (-31.9%), from €122,231 to €83,283
mainly Contributions, distributions and other (-€163,919) and Receivables within one year (-€3,415)
- Receivables within one year +€3,415
up €3,415 (+25.0%), from €13,672 to €17,087
of which Other amounts receivable: +€2,325
- Tangible fixed assets -€2,380
down €2,380 (-27.4%), from €8,696 to €6,316
of which Furniture and vehicles: -€1,312
- Reserves -€118,438
no longer reported in 2025 (was €118,438)
- Other debts +€83,791
up €83,791 (+458%), from €18,304 to €102,095
- Gross operating margin -€18,126
down €18,126 (-21.3%), from €85,150 to €67,024
- Taxes -€3,368
down €3,368 (-20.2%), from €16,658 to €13,291
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 | €144,775 | €108,029 | -€36,747 | -25.4% |
| Fixed assets | 21/28 | €8,696 | €6,316 | -€2,380 | -27.4% |
| Tangible fixed assets | 22/27 | €8,696 | €6,316 | -€2,380 | -27.4% |
| Plant, machinery and equipment | 23 | €3,579 | €2,511 | -€1,068 | -29.8% |
| Furniture and vehicles | 24 | €5,117 | €3,806 | -€1,312 | -25.6% |
| Current assets | 29/58 | €136,079 | €101,712 | -€34,367 | -25.3% |
| Amounts receivable within one year | 40/41 | €13,672 | €17,087 | +€3,415 | +25.0% |
| Trade receivables | 40 | €12,561 | €13,651 | +€1,089 | +8.7% |
| Other amounts receivable | 41 | €1,111 | €3,436 | +€2,325 | +209% |
| Cash at bank and in hand | 54/58 | €122,231 | €83,283 | -€38,948 | -31.9% |
| Deferred charges and accrued income | 490/1 | €176 | €1,342 | +€1,166 | +663% |
| Total equity and liabilities | 10/49 | €144,775 | €108,029 | -€36,747 | -25.4% |
| Equity | 10/15 | €119,638 | €1,200 | -€118,438 | -99.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €118,438 | - | -€118,438 | |
| Distributable reserves | 133 | €118,438 | - | -€118,438 | |
| Amounts payable | 17/49 | €25,137 | €106,829 | +€81,692 | +325% |
| Amounts payable within one year | 42/48 | €23,788 | €105,744 | +€81,955 | +345% |
| Trade debts | 44 | €3,700 | €2,449 | -€1,251 | -33.8% |
| Suppliers | 440/4 | €3,700 | €2,449 | -€1,251 | -33.8% |
| Taxes, remuneration and social security | 45 | €1,785 | €1,200 | -€585 | -32.8% |
| Taxes | 450/3 | €1,785 | €1,200 | -€585 | -32.8% |
| Other amounts payable | 47/48 | €18,304 | €102,095 | +€83,791 | +458% |
| Accrued charges and deferred income | 492/3 | €1,348 | €1,085 | -€264 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,958 | €5,773 | +€815 | +16.4% |
| Other operating charges | 640/8 | €1,084 | €1,263 | +€180 | +16.6% |
| Gross operating margin | 9900 | €85,150 | €67,024 | -€18,126 | -21.3% |
| Operating profit (loss) | 9901 | €79,108 | €59,987 | -€19,120 | -24.2% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €1,475 | €1,216 | -€259 | -17.6% |
| Recurring financial charges | 65 | €1,475 | €1,216 | -€259 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €77,653 | €58,772 | -€18,881 | -24.3% |
| Income taxes | 67/77 | €16,658 | €13,291 | -€3,368 | -20.2% |
| Profit (loss) for the period | 9904 | €60,994 | €45,481 | -€15,513 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,994 | €45,481 | -€15,513 | -25.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.