AEROBERTICS: 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.
AEROBERTICS
Largest movements
- Cash -€118,018
down €118,018 (-57.9%), from €203,897 to €85,879
mainly Trade debts (-€137,151) and Debts after one year (-€119,250)
- Tangible fixed assets -€46,864
down €46,864 (-11.2%), from €418,537 to €371,674
of which Land and buildings: -€34,766
- Receivables within one year -€36,525
down €36,525 (-55.8%), from €65,448 to €28,922
of which Trade receivables: -€29,064
- Stocks and contracts +€19,085
up €19,085 (+2.4%), from €789,069 to €808,154
- Trade debts -€137,151
down €137,151 (-81.0%), from €169,368 to €32,217
- Debts after one year -€119,250
down €119,250 (-36.4%), from €327,665 to €208,415
- Short-term financial debts +€50,000
up €50,000 (+18.2%), from €275,000 to €325,000
- Reserves +€42,200
up €42,200 (+12.2%), from €347,078 to €389,278
- Gross operating margin +€59,301
up €59,301 (+16.0%), from €369,519 to €428,821
- Depreciation +€16,070
up €16,070 (+24.6%), from €65,328 to €81,398
- Financial charges -€15,722
down €15,722 (-19.7%), from €79,862 to €64,140
- Staff costs +€15,423
up €15,423 (+6.9%), from €222,337 to €237,760
- Taxes +€7,630
up €7,630 (+291.9%), from €2,614 to €10,245
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 | €1,477,509 | €1,304,443 | -€173,067 | -11.7% |
| Fixed assets | 21/28 | €418,537 | €371,674 | -€46,864 | -11.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €418,537 | €371,674 | -€46,864 | -11.2% |
| Land and buildings | 22 | €273,645 | €238,879 | -€34,766 | -12.7% |
| Plant, machinery and equipment | 23 | €76,413 | €79,458 | +€3,045 | +4.0% |
| Furniture and vehicles | 24 | €68,479 | €53,336 | -€15,143 | -22.1% |
| Current assets | 29/58 | €1,058,972 | €932,769 | -€126,203 | -11.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €789,069 | €808,154 | +€19,085 | +2.4% |
| Stocks | 30/36 | €789,069 | €808,154 | +€19,085 | +2.4% |
| Amounts receivable within one year | 40/41 | €65,448 | €28,922 | -€36,525 | -55.8% |
| Trade receivables | 40 | €47,541 | €18,477 | -€29,064 | -61.1% |
| Other amounts receivable | 41 | €17,907 | €10,445 | -€7,462 | -41.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €203,897 | €85,879 | -€118,018 | -57.9% |
| Deferred charges and accrued income | 490/1 | €558 | €9,813 | +€9,255 | +1657.8% |
| Total equity and liabilities | 10/49 | €1,477,509 | €1,304,443 | -€173,067 | -11.7% |
| Equity | 10/15 | €365,678 | €407,878 | +€42,200 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,078 | €389,278 | +€42,200 | +12.2% |
| Distributable reserves | 133 | €347,078 | €389,278 | +€42,200 | +12.2% |
| Amounts payable | 17/49 | €1,111,831 | €896,565 | -€215,266 | -19.4% |
| Amounts payable after more than one year | 17 | €327,665 | €208,415 | -€119,250 | -36.4% |
| Financial debts | 170/4 | €327,665 | €208,415 | -€119,250 | -36.4% |
| Amounts payable within one year | 42/48 | €784,166 | €688,150 | -€96,016 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €117,101 | €119,250 | +€2,149 | +1.8% |
| Financial debts | 43 | €275,000 | €325,000 | +€50,000 | +18.2% |
| Credit institutions | 430/8 | €275,000 | €325,000 | +€50,000 | +18.2% |
| Trade debts | 44 | €169,368 | €32,217 | -€137,151 | -81.0% |
| Suppliers | 440/4 | €169,368 | €32,217 | -€137,151 | -81.0% |
| Advances received on contracts in progress | 46 | €36,453 | €37,757 | +€1,304 | +3.6% |
| Taxes, remuneration and social security | 45 | €118,666 | €120,477 | +€1,811 | +1.5% |
| Taxes | 450/3 | €97,277 | €90,763 | -€6,514 | -6.7% |
| Remuneration and social security | 454/9 | €21,390 | €29,715 | +€8,325 | +38.9% |
| Other amounts payable | 47/48 | €67,577 | €53,448 | -€14,129 | -20.9% |
| Remuneration, social security and pensions | 62 | €222,337 | €237,760 | +€15,423 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,328 | €81,398 | +€16,070 | +24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,635 | -€3,635 | |
| Other operating charges | 640/8 | €8,379 | €12,497 | +€4,118 | +49.1% |
| Non-recurring operating charges | 66A | - | €436 | +€436 | |
| Gross operating margin | 9900 | €369,519 | €428,821 | +€59,301 | +16.0% |
| Operating profit (loss) | 9901 | €73,476 | €100,364 | +€26,888 | +36.6% |
| Financial income | 75/76B | €9,780 | €16,220 | +€6,440 | +65.9% |
| Recurring financial income | 75 | €9,780 | €16,220 | +€6,440 | +65.9% |
| Financial charges | 65/66B | €79,862 | €64,140 | -€15,722 | -19.7% |
| Recurring financial charges | 65 | €79,862 | €64,140 | -€15,722 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €3,394 | €52,444 | +€49,051 | +1445.4% |
| Income taxes | 67/77 | €2,614 | €10,245 | +€7,630 | +291.9% |
| Profit (loss) for the period | 9904 | €780 | €42,200 | +€41,420 | +5313.4% |
| Profit (loss) for the period to be appropriated | 9905 | €780 | €42,200 | +€41,420 | +5313.4% |
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 12 October 2026 via checked.be.