AERO - TRADE: 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 - TRADE
Largest movements
- Cash +€52,083
up €52,083 (+20.8%), from €250,970 to €303,053
mainly Other debts (+€65,114) and Net result for the year (+€48,408)
- Tangible fixed assets -€41,253
down €41,253 (-7.4%), from €554,045 to €512,792
of which Land and buildings: -€35,728
- Deferred charges and accrued income +€9,710
up €9,710 (+84.3%), from €11,522 to €21,232
- Other debts +€65,114
up €65,114 (+33.3%), from €195,633 to €260,747
- Reserves -€32,000
down €32,000 (-16.9%), from €189,000 to €157,000
of which Distributable reserves: -€32,000
- Current portion of long-term debt -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin +€7,513
up €7,513 (+6.4%), from €117,437 to €124,950
- Taxes +€1,816
up €1,816 (+8.9%), from €20,466 to €22,282
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 | €821,628 | €845,166 | +€23,539 | +2.9% |
| Formation expenses | 20 | €394 | €394 | = | 0.0% |
| Fixed assets | 21/28 | €554,442 | €513,188 | -€41,253 | -7.4% |
| Tangible fixed assets | 22/27 | €554,045 | €512,792 | -€41,253 | -7.4% |
| Land and buildings | 22 | €533,866 | €498,138 | -€35,728 | -6.7% |
| Plant, machinery and equipment | 23 | €20,179 | €14,654 | -€5,525 | -27.4% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €266,792 | €331,583 | +€64,792 | +24.3% |
| Amounts receivable within one year | 40/41 | €4,300 | €7,299 | +€2,999 | +69.7% |
| Trade receivables | 40 | €4,300 | - | -€4,300 | |
| Other amounts receivable | 41 | - | €7,299 | +€7,299 | |
| Cash at bank and in hand | 54/58 | €250,970 | €303,053 | +€52,083 | +20.8% |
| Deferred charges and accrued income | 490/1 | €11,522 | €21,232 | +€9,710 | +84.3% |
| Total equity and liabilities | 10/49 | €821,628 | €845,166 | +€23,539 | +2.9% |
| Equity | 10/15 | €608,654 | €577,062 | -€31,592 | -5.2% |
| Contributions | 10/11 | €322,261 | €322,261 | = | 0.0% |
| Capital | 10 | €322,261 | €322,261 | = | 0.0% |
| Issued capital | 100 | €322,261 | €322,261 | = | 0.0% |
| Reserves | 13 | €189,000 | €157,000 | -€32,000 | -16.9% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €159,000 | €127,000 | -€32,000 | -20.1% |
| Profit (loss) carried forward | 14 | €97,393 | €97,801 | +€408 | +0.4% |
| Amounts payable | 17/49 | €212,973 | €268,104 | +€55,130 | +25.9% |
| Amounts payable within one year | 42/48 | €212,119 | €265,651 | +€53,532 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €285 | €104 | -€181 | -63.5% |
| Suppliers | 440/4 | €285 | €104 | -€181 | -63.5% |
| Taxes, remuneration and social security | 45 | €4,200 | €4,800 | +€600 | +14.3% |
| Taxes | 450/3 | €4,200 | €4,800 | +€600 | +14.3% |
| Other amounts payable | 47/48 | €195,633 | €260,747 | +€65,114 | +33.3% |
| Accrued charges and deferred income | 492/3 | €855 | €2,453 | +€1,598 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,038 | €41,253 | +€215 | +0.5% |
| Other operating charges | 640/8 | €14,654 | €14,688 | +€34 | +0.2% |
| Gross operating margin | 9900 | €117,437 | €124,950 | +€7,513 | +6.4% |
| Operating profit (loss) | 9901 | €61,746 | €69,009 | +€7,263 | +11.8% |
| Financial income | 75/76B | €1,794 | €2,270 | +€476 | +26.6% |
| Recurring financial income | 75 | €1,794 | €2,270 | +€476 | +26.6% |
| Financial charges | 65/66B | €890 | €588 | -€302 | -33.9% |
| Recurring financial charges | 65 | €890 | €588 | -€302 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €62,649 | €70,690 | +€8,041 | +12.8% |
| Income taxes | 67/77 | €20,466 | €22,282 | +€1,816 | +8.9% |
| Profit (loss) for the period | 9904 | €42,184 | €48,408 | +€6,225 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,184 | €48,408 | +€6,225 | +14.8% |
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 15 October 2026 via checked.be.