Aero Systems: 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 Systems
Largest movements
- Receivables within one year -€77,859
down €77,859 (-30.2%), from €257,855 to €179,996
of which Trade receivables: -€42,091
- Reserves -€514,257
down €514,257 (-10.2%), from €5.0m to €4.5m
of which Distributable reserves: -€514,257
- Other debts +€435,746
new in 2025: €435,746
- Financial charges +€73,713
up €73,713 (+2292.2%), from €3,216 to €76,929
- Gross operating margin -€32,748
down €32,748 (-11.2%), from €292,881 to €260,133
- Financial income -€30,576
down €30,576 (-87.5%), from €34,954 to €4,378
- Taxes -€17,126
down €17,126 (-32.3%), from €52,966 to €35,840
- Other operating charges +€15,273
up €15,273 (+10354.7%), from €148 to €15,421
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 | €6,589,024 | €6,483,768 | -€105,256 | -1.6% |
| Fixed assets | 21/28 | €4,451,721 | €4,451,721 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,437,925 | €4,437,925 | = | 0.0% |
| Furniture and vehicles | 24 | €51,830 | €51,830 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,386,096 | €4,386,096 | = | 0.0% |
| Financial fixed assets | 28 | €13,795 | €13,795 | = | 0.0% |
| Current assets | 29/58 | €2,137,303 | €2,032,047 | -€105,256 | -4.9% |
| Amounts receivable within one year | 40/41 | €257,855 | €179,996 | -€77,859 | -30.2% |
| Trade receivables | 40 | €145,318 | €103,227 | -€42,091 | -29.0% |
| Other amounts receivable | 41 | €112,537 | €76,769 | -€35,769 | -31.8% |
| Current investments | 50/53 | €1,051,602 | €1,051,602 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €827,537 | €800,449 | -€27,088 | -3.3% |
| Deferred charges and accrued income | 490/1 | €308 | - | -€308 | |
| Total equity and liabilities | 10/49 | €6,589,024 | €6,483,768 | -€105,256 | -1.6% |
| Equity | 10/15 | €6,498,819 | €5,984,562 | -€514,257 | -7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,041,577 | €4,527,320 | -€514,257 | -10.2% |
| Non-distributable reserves | 130/1 | €96,200 | €96,200 | = | 0.0% |
| Legal reserve | 130 | €96,200 | €96,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,808 | €18,808 | = | 0.0% |
| Distributable reserves | 133 | €4,926,569 | €4,412,312 | -€514,257 | -10.4% |
| Profit (loss) carried forward | 14 | €1,395,242 | €1,395,242 | = | 0.0% |
| Amounts payable | 17/49 | €90,205 | €499,206 | +€409,001 | +453.4% |
| Amounts payable within one year | 42/48 | €90,205 | €499,206 | +€409,001 | +453.4% |
| Trade debts | 44 | €14,829 | €27,621 | +€12,792 | +86.3% |
| Suppliers | 440/4 | €14,829 | €27,621 | +€12,792 | +86.3% |
| Taxes, remuneration and social security | 45 | €75,376 | €35,840 | -€39,536 | -52.5% |
| Taxes | 450/3 | €75,376 | €35,840 | -€39,536 | -52.5% |
| Other amounts payable | 47/48 | - | €435,746 | +€435,746 | |
| Other operating charges | 640/8 | €148 | €15,421 | +€15,273 | +10354.7% |
| Gross operating margin | 9900 | €292,881 | €260,133 | -€32,748 | -11.2% |
| Operating profit (loss) | 9901 | €292,733 | €244,713 | -€48,021 | -16.4% |
| Financial income | 75/76B | €34,954 | €4,378 | -€30,576 | -87.5% |
| Recurring financial income | 75 | €34,954 | €4,378 | -€30,576 | -87.5% |
| Financial charges | 65/66B | €3,216 | €76,929 | +€73,713 | +2292.2% |
| Recurring financial charges | 65 | €3,216 | €76,929 | +€73,713 | +2292.2% |
| Profit (loss) for the period before taxes | 9903 | €324,472 | €172,162 | -€152,310 | -46.9% |
| Income taxes | 67/77 | €52,966 | €35,840 | -€17,126 | -32.3% |
| Profit (loss) for the period | 9904 | €271,506 | €136,322 | -€135,184 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €271,506 | €136,322 | -€135,184 | -49.8% |
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 2 October 2026 via checked.be.