AERO SERVICES: 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.
What changed
AERO SERVICES
NACE 52.230, Warehousing and support activities for transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €1.4m+€1.7m
Equity
€5.1m
2024 · €8.1m-€3.0m
Cash
€2.1m
2024 · €2.1m-€31,990
Balance sheet total
€13.3m
2024 · €14.5m-€1.1m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-18.4%), from €6.4m to €5.2m
of which Other amounts receivable: -€1.3m
Equity and liabilities
- Profit (loss) carried forward -€3.0m
down €3.0m (-38.8%), from €7.7m to €4.7m
- Other debts +€2.8m
up €2.8m (+196.7%), from €1.4m to €4.2m
- Provisions -€827,398
down €827,398 (-82.4%), from €1.0m to €176,619
- Debts after one year -€514,609
down €514,609 (-46.7%), from €1.1m to €588,498
- Short-term financial debts +€500,000
up €500,000, from €0 to €500,000
of which Credit institutions: +€500,000
Income statement
- Provisions -€1.8m
down €1.8m, from €1.0m to -€827,398
- Services and other goods +€829,760
up €829,760 (+12.5%), from €6.6m to €7.5m
- Goods and materials -€790,373
down €790,373 (-67.5%), from €1.2m to €379,746
of which Purchases: -€782,770
- Staff costs +€741,365
up €741,365 (+15.6%), from €4.7m to €5.5m
- Financial charges -€508,780
down €508,780 (-86.4%), from €588,607 to €79,828
of which Financial charges: -€508,780
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.
Result 2024
€1.4m
Turnover
+€436,315
Other operating income
+€124,927
Goods and materials
+€790,373
Services and other goods
-€829,760
Staff costs
-€741,365
Depreciation
-€57,412
Write-downs
+€62,227
Provisions
+€1.8m
Other operating charges
+€15,490
Financial income
+€42,574
Financial charges
+€508,780
Taxes
-€500,095
Result 2025
€3.0m
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.
From operations
+€7.6m
Investment
-€1.3m
Financing
-€6.3m
Cash 2024
€2.1m
From operations (derived)
+€7.6m
Net result for the year
+€3.0m
Depreciation
+€1.3m
Smaller working-capital items
+€4,908
Stocks and contracts
+€27,342
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€64,034
Provisions
-€827,398
Trade debts
+€191,393
Tax, wage and social debts
-€31,448
Other debts
+€2.8m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Current investments
-€37,107
Financing
-€6.3m
Debts after one year
-€514,609
Current portion of long-term debt
-€198,310
Short-term financial debts
+€500,000
Contributions, distributions and other
-€6.1m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,460,590 | €13,325,901 | -€1.1m | -7.8% |
| Fixed assets | 21/28 | €4,781,385 | €4,785,178 | +€3,793 | +0.1% |
| Tangible fixed assets | 22/27 | €4,699,272 | €4,688,924 | -€10,347 | -0.2% |
| Land and buildings | 22 | €300,000 | €300,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,974,591 | €3,898,125 | -€76,466 | -1.9% |
| Furniture and vehicles | 24 | €314,535 | €440,143 | +€125,608 | +39.9% |
| Leasing and similar rights | 25 | €110,145 | €43,553 | -€66,593 | -60.5% |
| Other tangible fixed assets | 26 | - | €7,104 | +€7,104 | |
| Financial fixed assets | 28 | €82,113 | €96,254 | +€14,140 | +17.2% |
| Other financial fixed assets | 284/8 | €82,113 | €96,254 | +€14,140 | +17.2% |
| Amounts receivable and cash guarantees | 285/8 | €82,113 | €96,254 | +€14,140 | +17.2% |
| Current assets | 29/58 | €9,679,205 | €8,540,723 | -€1.1m | -11.8% |
| Amounts receivable after more than one year | 29 | €113,923 | €106,571 | -€7,352 | -6.5% |
| Trade receivables | 290 | €46,426 | - | -€46,426 | |
| Other amounts receivable | 291 | €67,498 | €106,571 | +€39,073 | +57.9% |
| Stocks and contracts in progress | 3 | €123,385 | €96,042 | -€27,342 | -22.2% |
| Stocks | 30/36 | €123,385 | €96,042 | -€27,342 | -22.2% |
| Goods purchased for resale | 34 | €123,385 | €96,042 | -€27,342 | -22.2% |
| Amounts receivable within one year | 40/41 | €6,381,381 | €5,208,442 | -€1.2m | -18.4% |
| Trade receivables | 40 | €4,059,337 | €4,155,449 | +€96,112 | +2.4% |
| Other amounts receivable | 41 | €2,322,044 | €1,052,993 | -€1.3m | -54.7% |
| Current investments | 50/53 | €898,966 | €936,073 | +€37,107 | +4.1% |
| Other investments | 51/53 | €898,966 | €936,073 | +€37,107 | +4.1% |
| Cash at bank and in hand | 54/58 | €2,136,890 | €2,104,900 | -€31,990 | -1.5% |
| Deferred charges and accrued income | 490/1 | €24,661 | €88,695 | +€64,034 | +259.7% |
| Total equity and liabilities | 10/49 | €14,460,590 | €13,325,901 | -€1.1m | -7.8% |
| Equity | 10/15 | €8,143,662 | €5,104,470 | -€3.0m | -37.3% |
| Contributions | 10/11 | €18,600 | €61,500 | +€42,900 | +230.6% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Outside capital | 11 | - | €0 | = | |
| Other | 1109/19 | - | €0 | = | |
| Reserves | 13 | €41,860 | €46,150 | +€4,290 | +10.2% |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Distributable reserves | 133 | €41,860 | €40,000 | -€1,860 | -4.4% |
| Profit (loss) carried forward | 14 | €7,740,862 | €4,740,862 | -€3.0m | -38.8% |
| Investment grants | 15 | €342,341 | €255,959 | -€86,382 | -25.2% |
| Provisions and deferred taxes | 16 | €1,004,017 | €176,619 | -€827,398 | -82.4% |
| Provisions for liabilities and charges | 160/5 | €1,004,017 | €176,619 | -€827,398 | -82.4% |
| Other liabilities and charges | 164/5 | €1,004,017 | €176,619 | -€827,398 | -82.4% |
| Amounts payable | 17/49 | €5,312,911 | €8,044,812 | +€2.7m | +51.4% |
| Amounts payable after more than one year | 17 | €1,103,107 | €588,498 | -€514,609 | -46.7% |
| Financial debts | 170/4 | €1,103,107 | €588,498 | -€514,609 | -46.7% |
| Leasing and similar obligations | 172 | €30,660 | €4,492 | -€26,169 | -85.4% |
| Credit institutions | 173 | €1,072,446 | €584,006 | -€488,440 | -45.5% |
| Amounts payable within one year | 42/48 | €4,191,569 | €7,440,522 | +€3.2m | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €712,919 | €514,609 | -€198,310 | -27.8% |
| Financial debts | 43 | €0 | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | €0 | €500,000 | +€500,000 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,291,883 | €1,483,276 | +€191,393 | +14.8% |
| Suppliers | 440/4 | €1,291,883 | €1,483,276 | +€191,393 | +14.8% |
| Taxes, remuneration and social security | 45 | €769,732 | €738,284 | -€31,448 | -4.1% |
| Taxes | 450/3 | €187,877 | €139,480 | -€48,397 | -25.8% |
| Remuneration and social security | 454/9 | €581,856 | €598,804 | +€16,948 | +2.9% |
| Other amounts payable | 47/48 | €1,417,034 | €4,204,353 | +€2.8m | +196.7% |
| Accrued charges and deferred income | 492/3 | €18,236 | €15,792 | -€2,444 | -13.4% |
| Operating income | 70/76A | €17,325,186 | €17,886,428 | +€561,242 | +3.2% |
| Turnover | 70 | €16,861,248 | €17,297,563 | +€436,315 | +2.6% |
| Other operating income | 74 | €463,938 | €588,865 | +€124,927 | +26.9% |
| Operating charges | 60/66A | €14,915,544 | €13,844,575 | -€1.1m | -7.2% |
| Goods for resale, raw materials and consumables | 60 | €1,170,119 | €379,746 | -€790,373 | -67.5% |
| Purchases | 600/8 | €1,135,173 | €352,403 | -€782,770 | -69.0% |
| Change in stocks: decrease (increase) | 609 | €34,946 | €27,342 | -€7,604 | -21.8% |
| Services and other goods | 61 | €6,627,685 | €7,457,445 | +€829,760 | +12.5% |
| Remuneration, social security and pensions | 62 | €4,741,916 | €5,483,281 | +€741,365 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228,709 | €1,286,121 | +€57,412 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €74,454 | €12,227 | -€62,227 | -83.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,004,017 | -€827,398 | -€1.8m | |
| Other operating charges | 640/8 | €68,644 | €53,154 | -€15,490 | -22.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €2,409,643 | €4,041,853 | +€1.6m | +67.7% |
| Financial income | 75/76B | €140,390 | €182,963 | +€42,574 | +30.3% |
| Recurring financial income | 75 | €140,390 | €182,963 | +€42,574 | +30.3% |
| Income from current assets | 751 | €53,813 | €94,339 | +€40,526 | +75.3% |
| Other financial income | 752/9 | €86,577 | €88,624 | +€2,048 | +2.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €588,607 | €79,828 | -€508,780 | -86.4% |
| Recurring financial charges | 65 | €588,607 | €79,828 | -€508,780 | -86.4% |
| Debt charges | 650 | €99,903 | €75,425 | -€24,478 | -24.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €470,658 | €0 | -€470,658 | -100.0% |
| Other financial charges | 652/9 | €18,047 | €4,403 | -€13,644 | -75.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,961,425 | €4,144,989 | +€2.2m | +111.3% |
| Income taxes | 67/77 | €596,945 | €1,097,040 | +€500,095 | +83.8% |
| Taxes | 670/3 | €597,025 | €1,097,138 | +€500,112 | +83.8% |
| Tax adjustments and reversals of tax provisions | 77 | €80 | €98 | +€18 | +22.2% |
| Profit (loss) for the period | 9904 | €1,364,480 | €3,047,949 | +€1.7m | +123.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,364,480 | €3,047,949 | +€1.7m | +123.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.