AERO-PHYSICS: 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-PHYSICS
Largest movements
- Tangible fixed assets +€152,217
up €152,217 (+351.0%), from €43,368 to €195,585
- Other debts +€178,628
up €178,628 (+702.8%), from €25,417 to €204,044
- Profit (loss) carried forward -€26,411
down €26,411 (-8.8%), from -€300,898 to -€327,309
- Gross operating margin -€20,024
new in 2025: -€20,024
- Other operating charges +€2,368
up €2,368 (+95.0%), from €2,493 to €4,861
- Financial charges +€1,526
new in 2025: €1,526
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,492 | €195,709 | +€152,217 | +350.0% |
| Fixed assets | 21/28 | €43,492 | €195,709 | +€152,217 | +350.0% |
| Tangible fixed assets | 22/27 | €43,368 | €195,585 | +€152,217 | +351.0% |
| Land and buildings | 22 | €43,368 | €195,585 | +€152,217 | +351.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Total equity and liabilities | 10/49 | €43,492 | €195,709 | +€152,217 | +350.0% |
| Equity | 10/15 | -€218,374 | -€244,785 | -€26,411 | -12.1% |
| Contributions | 10/11 | €75,731 | €75,731 | = | 0.0% |
| Capital | 10 | €67,923 | €67,923 | = | 0.0% |
| Issued capital | 100 | €67,923 | €67,923 | = | 0.0% |
| Outside capital | 11 | €7,809 | €7,809 | = | 0.0% |
| Share premium | 1100/10 | €7,809 | €7,809 | = | 0.0% |
| Reserves | 13 | €6,792 | €6,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,792 | €6,792 | = | 0.0% |
| Legal reserve | 130 | €6,792 | €6,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,898 | -€327,309 | -€26,411 | -8.8% |
| Amounts payable | 17/49 | €261,866 | €440,494 | +€178,628 | +68.2% |
| Amounts payable after more than one year | 17 | €236,000 | €236,000 | = | 0.0% |
| Financial debts | 170/4 | €236,000 | €236,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,417 | €204,044 | +€178,628 | +702.8% |
| Other amounts payable | 47/48 | €25,417 | €204,044 | +€178,628 | +702.8% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Other operating charges | 640/8 | €2,493 | €4,861 | +€2,368 | +95.0% |
| Gross operating margin | 9900 | - | -€20,024 | -€20,024 | |
| Operating profit (loss) | 9901 | -€2,493 | -€24,885 | -€22,392 | -898.4% |
| Financial charges | 65/66B | - | €1,526 | +€1,526 | |
| Recurring financial charges | 65 | - | €1,526 | +€1,526 | |
| Profit (loss) for the period before taxes | 9903 | -€2,493 | -€26,411 | -€23,918 | -959.6% |
| Profit (loss) for the period | 9904 | -€2,493 | -€26,411 | -€23,918 | -959.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,493 | -€26,411 | -€23,918 | -959.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.