AERO-X consulting: 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-X consulting
Largest movements
- Financial fixed assets +€96,027
up €96,027 (+254%), from €37,800 to €133,827
- Receivables within one year +€45,717
up €45,717 (+64.2%), from €71,172 to €116,889
of which Other amounts receivable: +€44,039
- Tangible fixed assets -€24,979
down €24,979 (-25.8%), from €96,759 to €71,780
of which Furniture and vehicles: -€20,800
- Current investments -€17,000
no longer reported in 2025 (was €17,000)
- Cash -€8,756
down €8,756 (-34.9%), from €25,071 to €16,315
mainly Investment in fixed assets (net) (-€101,236) and Contributions, distributions and other (-€86,492)
- Other debts +€86,492
new in 2025: €86,492
- Debts after one year +€63,736
up €63,736 (+260%), from €24,476 to €88,212
- Reserves -€60,366
down €60,366 (-37.5%), from €160,865 to €100,499
- Current portion of long-term debt +€9,215
up €9,215 (+56.6%), from €16,292 to €25,507
- Tax, wage and social debts -€7,352
down €7,352 (-62.3%), from €11,798 to €4,446
of which Taxes: -€5,846
- Provisions -€28,800
no longer reported in 2025 (was €28,800)
- Financial charges +€28,237
up €28,237 (+989%), from €2,856 to €31,093
- Gross operating margin +€22,413
up €22,413 (+27.2%), from €82,299 to €104,712
- Taxes +€4,087
up €4,087 (+32.0%), from €12,788 to €16,875
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 | €250,647 | €340,930 | +€90,283 | +36.0% |
| Fixed assets | 21/28 | €134,559 | €205,607 | +€71,048 | +52.8% |
| Tangible fixed assets | 22/27 | €96,759 | €71,780 | -€24,979 | -25.8% |
| Plant, machinery and equipment | 23 | €1,528 | €500 | -€1,028 | -67.3% |
| Furniture and vehicles | 24 | €84,341 | €63,541 | -€20,800 | -24.7% |
| Other tangible fixed assets | 26 | €10,890 | €7,739 | -€3,151 | -28.9% |
| Financial fixed assets | 28 | €37,800 | €133,827 | +€96,027 | +254% |
| Current assets | 29/58 | €116,088 | €135,323 | +€19,235 | +16.6% |
| Amounts receivable within one year | 40/41 | €71,172 | €116,889 | +€45,717 | +64.2% |
| Trade receivables | 40 | €19,360 | €21,038 | +€1,678 | +8.7% |
| Other amounts receivable | 41 | €51,812 | €95,851 | +€44,039 | +85.0% |
| Current investments | 50/53 | €17,000 | - | -€17,000 | |
| Cash at bank and in hand | 54/58 | €25,071 | €16,315 | -€8,756 | -34.9% |
| Deferred charges and accrued income | 490/1 | €2,845 | €2,119 | -€726 | -25.5% |
| Total equity and liabilities | 10/49 | €250,647 | €340,930 | +€90,283 | +36.0% |
| Equity | 10/15 | €165,865 | €105,499 | -€60,366 | -36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €160,865 | €100,499 | -€60,366 | -37.5% |
| Distributable reserves | 133 | €160,865 | €100,499 | -€60,366 | -37.5% |
| Provisions and deferred taxes | 16 | €28,800 | €28,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,800 | €28,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €28,800 | €28,800 | = | 0.0% |
| Amounts payable | 17/49 | €55,982 | €206,631 | +€150,649 | +269% |
| Amounts payable after more than one year | 17 | €24,476 | €88,212 | +€63,736 | +260% |
| Financial debts | 170/4 | €24,476 | €88,212 | +€63,736 | +260% |
| Amounts payable within one year | 42/48 | €31,506 | €118,419 | +€86,913 | +276% |
| Current portion of amounts payable after more than one year | 42 | €16,292 | €25,507 | +€9,215 | +56.6% |
| Financial debts | 43 | - | €127 | +€127 | |
| Credit institutions | 430/8 | - | €127 | +€127 | |
| Trade debts | 44 | €3,416 | €1,847 | -€1,569 | -45.9% |
| Suppliers | 440/4 | €3,416 | €1,847 | -€1,569 | -45.9% |
| Taxes, remuneration and social security | 45 | €11,798 | €4,446 | -€7,352 | -62.3% |
| Taxes | 450/3 | €10,198 | €4,352 | -€5,846 | -57.3% |
| Remuneration and social security | 454/9 | €1,600 | €94 | -€1,506 | -94.1% |
| Other amounts payable | 47/48 | - | €86,492 | +€86,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,593 | €30,188 | -€405 | -1.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,800 | - | -€28,800 | |
| Other operating charges | 640/8 | €50 | €435 | +€385 | +770% |
| Gross operating margin | 9900 | €82,299 | €104,712 | +€22,413 | +27.2% |
| Operating profit (loss) | 9901 | €22,856 | €74,089 | +€51,233 | +224% |
| Financial income | 75/76B | €1 | €5 | +€4 | +400% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +400% |
| Financial charges | 65/66B | €2,856 | €31,093 | +€28,237 | +989% |
| Recurring financial charges | 65 | €2,856 | €31,093 | +€28,237 | +989% |
| Profit (loss) for the period before taxes | 9903 | €20,001 | €43,001 | +€23,000 | +115% |
| Income taxes | 67/77 | €12,788 | €16,875 | +€4,087 | +32.0% |
| Profit (loss) for the period | 9904 | €7,213 | €26,126 | +€18,913 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €7,213 | €26,126 | +€18,913 | +262% |
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 30 October 2026 via checked.be.