AERODECAP: 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.
AERODECAP
Largest movements
- Receivables within one year +€9,872
new in 2025: €9,872
of which Trade receivables: +€7,095
- Cash +€7,444
up €7,444 (+226.8%), from €3,283 to €10,727
mainly Other debts (+€17,369) and Trade debts (+€12,805)
- Tangible fixed assets +€3,780
up €3,780 (+16.3%), from €23,127 to €26,907
- Other debts +€17,369
up €17,369 (+97.4%), from €17,825 to €35,193
- Trade debts +€12,805
up €12,805 (+5139.5%), from €249 to €13,054
- Profit (loss) carried forward -€5,463
down €5,463 (-141.7%), from -€3,857 to -€9,320
- Debts after one year -€3,373
down €3,373 (-56.2%), from €6,004 to €2,631
- Depreciation +€3,017
up €3,017 (+190.2%), from €1,586 to €4,603
- Gross operating margin +€2,287
up €2,287, from -€550 to €1,737
- Financial charges +€1,343
up €1,343 (+275.1%), from €488 to €1,831
of which Non-recurring financial charges: +€1,363
- Other operating charges -€960
down €960 (-82.0%), from €1,170 to €210
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 | €26,410 | €47,506 | +€21,097 | +79.9% |
| Fixed assets | 21/28 | €23,127 | €26,907 | +€3,780 | +16.3% |
| Tangible fixed assets | 22/27 | €23,127 | €26,907 | +€3,780 | +16.3% |
| Furniture and vehicles | 24 | €23,127 | €26,907 | +€3,780 | +16.3% |
| Current assets | 29/58 | €3,283 | €20,599 | +€17,317 | +527.5% |
| Amounts receivable within one year | 40/41 | - | €9,872 | +€9,872 | |
| Trade receivables | 40 | - | €7,095 | +€7,095 | |
| Other amounts receivable | 41 | - | €2,778 | +€2,778 | |
| Cash at bank and in hand | 54/58 | €3,283 | €10,727 | +€7,444 | +226.8% |
| Total equity and liabilities | 10/49 | €26,410 | €47,506 | +€21,097 | +79.9% |
| Equity | 10/15 | -€1,357 | -€6,820 | -€5,463 | -402.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,857 | -€9,320 | -€5,463 | -141.7% |
| Amounts payable | 17/49 | €27,766 | €54,326 | +€26,560 | +95.7% |
| Amounts payable after more than one year | 17 | €6,004 | €2,631 | -€3,373 | -56.2% |
| Financial debts | 170/4 | €6,004 | €2,631 | -€3,373 | -56.2% |
| Amounts payable within one year | 42/48 | €21,763 | €51,695 | +€29,933 | +137.5% |
| Current portion of amounts payable after more than one year | 42 | €3,334 | €3,448 | +€114 | +3.4% |
| Trade debts | 44 | €249 | €13,054 | +€12,805 | +5139.5% |
| Suppliers | 440/4 | €249 | €13,054 | +€12,805 | +5139.5% |
| Taxes, remuneration and social security | 45 | €355 | - | -€355 | |
| Taxes | 450/3 | €355 | - | -€355 | |
| Other amounts payable | 47/48 | €17,825 | €35,193 | +€17,369 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €4,603 | +€3,017 | +190.2% |
| Other operating charges | 640/8 | €1,170 | €210 | -€960 | -82.0% |
| Non-recurring operating charges | 66A | €63 | €569 | +€506 | +801.5% |
| Gross operating margin | 9900 | -€550 | €1,737 | +€2,287 | |
| Operating profit (loss) | 9901 | -€3,369 | -€3,645 | -€276 | -8.2% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1476.5% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1476.5% |
| Financial charges | 65/66B | €488 | €1,831 | +€1,343 | +275.1% |
| Recurring financial charges | 65 | €488 | €468 | -€20 | -4.1% |
| Non-recurring financial charges | 66B | - | €1,363 | +€1,363 | |
| Profit (loss) for the period before taxes | 9903 | -€3,857 | -€5,463 | -€1,607 | -41.7% |
| Profit (loss) for the period | 9904 | -€3,857 | -€5,463 | -€1,607 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,857 | -€5,463 | -€1,607 | -41.7% |
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 4 October 2026 via checked.be.