Aero VDM: 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 VDM
Largest movements
- Receivables within one year +€24,945
up €24,945 (+29.2%), from €85,356 to €110,301
of which Other amounts receivable: +€13,155
- Cash +€22,714
up €22,714 (+10.4%), from €218,370 to €241,084
mainly Other debts (+€134,027) and Net result for the year (+€42,939)
- Other debts +€134,027
new in 2025: €134,027
- Reserves -€99,640
down €99,640 (-35.0%), from €284,883 to €185,243
of which Distributable reserves: -€99,640
- Tax, wage and social debts +€12,771
up €12,771 (+527%), from €2,422 to €15,193
- Gross operating margin -€945
down €945 (-1.5%), from €65,028 to €64,083
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 | €306,358 | €353,302 | +€46,944 | +15.3% |
| Fixed assets | 21/28 | €2,633 | €1,917 | -€715 | -27.2% |
| Tangible fixed assets | 22/27 | €2,633 | €1,917 | -€715 | -27.2% |
| Plant, machinery and equipment | 23 | €1,555 | €1,378 | -€177 | -11.4% |
| Furniture and vehicles | 24 | €1,078 | €540 | -€538 | -49.9% |
| Current assets | 29/58 | €303,726 | €351,384 | +€47,659 | +15.7% |
| Amounts receivable within one year | 40/41 | €85,356 | €110,301 | +€24,945 | +29.2% |
| Trade receivables | 40 | - | €11,790 | +€11,790 | |
| Other amounts receivable | 41 | €85,356 | €98,511 | +€13,155 | +15.4% |
| Cash at bank and in hand | 54/58 | €218,370 | €241,084 | +€22,714 | +10.4% |
| Total equity and liabilities | 10/49 | €306,358 | €353,302 | +€46,944 | +15.3% |
| Equity | 10/15 | €303,483 | €203,843 | -€99,640 | -32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,883 | €185,243 | -€99,640 | -35.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €283,023 | €183,383 | -€99,640 | -35.2% |
| Amounts payable | 17/49 | €2,875 | €149,459 | +€146,583 | +5,098% |
| Amounts payable within one year | 42/48 | €2,875 | €149,459 | +€146,583 | +5,098% |
| Trade debts | 44 | €454 | €239 | -€214 | -47.2% |
| Suppliers | 440/4 | €454 | €239 | -€214 | -47.2% |
| Taxes, remuneration and social security | 45 | €2,422 | €15,193 | +€12,771 | +527% |
| Taxes | 450/3 | €2,422 | €15,193 | +€12,771 | +527% |
| Other amounts payable | 47/48 | - | €134,027 | +€134,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €715 | -€15 | -2.0% |
| Other operating charges | 640/8 | €933 | €955 | +€22 | +2.4% |
| Gross operating margin | 9900 | €65,028 | €64,083 | -€945 | -1.5% |
| Operating profit (loss) | 9901 | €63,365 | €62,412 | -€953 | -1.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,342 | €3,062 | -€279 | -8.4% |
| Recurring financial charges | 65 | €3,342 | €3,062 | -€279 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €60,024 | €59,350 | -€674 | -1.1% |
| Income taxes | 67/77 | €16,622 | €16,411 | -€211 | -1.3% |
| Profit (loss) for the period | 9904 | €43,402 | €42,939 | -€463 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,402 | €42,939 | -€463 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.