Aerodyne: what changed
Aerodyne
Largest movements
- Financial fixed assets -€159,412
down €159,412 (-100%), from €159,412 to €0
- Deferred charges and accrued income -€48,855
down €48,855 (-100%), from €48,855 to €0
- Receivables within one year +€40,056
up €40,056 (+72.0%), from €55,643 to €95,700
of which Other amounts receivable: +€52,855
- Profit (loss) carried forward -€140,588
down €140,588 (-88.8%), from €158,260 to €17,672
- Other debts -€11,079
down €11,079 (-34.9%), from €31,785 to €20,706
- Current portion of long-term debt -€10,237
down €10,237 (-76.7%), from €13,350 to €3,113
- Tax, wage and social debts -€7,591
down €7,591 (-20.7%), from €36,606 to €29,016
of which Taxes: -€6,090
- Debts after one year -€3,113
down €3,113 (-100%), from €3,113 to €0
- Financial charges +€157,800
up €157,800 (+6,688%), from €2,360 to €160,159
of which Non-recurring financial charges: +€159,412
- Write-downs +€115,026
up €115,026, from -€115,026 to €0
- Gross operating margin -€11,898
down €11,898 (-21.5%), from €55,358 to €43,460
- Taxes -€7,087
down €7,087 (-21.9%), from €32,384 to €25,297
- Other operating charges -€6,880
down €6,880 (-85.8%), from €8,018 to €1,138
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,166 | €95,700 | -€169,466 | -63.9% |
| Fixed assets | 21/28 | €160,647 | €0 | -€160,647 | -100% |
| Tangible fixed assets | 22/27 | €1,235 | €0 | -€1,235 | -100% |
| Furniture and vehicles | 24 | €1,235 | €0 | -€1,235 | -100% |
| Financial fixed assets | 28 | €159,412 | €0 | -€159,412 | -100% |
| Current assets | 29/58 | €104,519 | €95,700 | -€8,819 | -8.4% |
| Amounts receivable within one year | 40/41 | €55,643 | €95,700 | +€40,056 | +72.0% |
| Trade receivables | 40 | €20,376 | €7,577 | -€12,799 | -62.8% |
| Other amounts receivable | 41 | €35,267 | €88,122 | +€52,855 | +150% |
| Cash at bank and in hand | 54/58 | €20 | €0 | -€20 | -100% |
| Deferred charges and accrued income | 490/1 | €48,855 | €0 | -€48,855 | -100% |
| Total equity and liabilities | 10/49 | €265,166 | €95,700 | -€169,466 | -63.9% |
| Equity | 10/15 | €158,760 | €18,172 | -€140,588 | -88.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,260 | €17,672 | -€140,588 | -88.8% |
| Amounts payable | 17/49 | €106,406 | €77,528 | -€28,879 | -27.1% |
| Amounts payable after more than one year | 17 | €3,113 | €0 | -€3,113 | -100% |
| Financial debts | 170/4 | €3,113 | €0 | -€3,113 | -100% |
| Amounts payable within one year | 42/48 | €103,293 | €77,047 | -€26,246 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €13,350 | €3,113 | -€10,237 | -76.7% |
| Financial debts | 43 | €1 | €64 | +€63 | +5,311% |
| Credit institutions | 430/8 | €1 | €64 | +€63 | +5,311% |
| Trade debts | 44 | €21,551 | €24,149 | +€2,598 | +12.1% |
| Suppliers | 440/4 | €21,551 | €24,149 | +€2,598 | +12.1% |
| Taxes, remuneration and social security | 45 | €36,606 | €29,016 | -€7,591 | -20.7% |
| Taxes | 450/3 | €34,106 | €28,016 | -€6,090 | -17.9% |
| Remuneration and social security | 454/9 | €2,500 | €1,000 | -€1,500 | -60.0% |
| Other amounts payable | 47/48 | €31,785 | €20,706 | -€11,079 | -34.9% |
| Accrued charges and deferred income | 492/3 | - | €480 | +€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183 | €0 | -€183 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€115,026 | €0 | +€115,026 | |
| Other operating charges | 640/8 | €8,018 | €1,138 | -€6,880 | -85.8% |
| Gross operating margin | 9900 | €55,358 | €43,460 | -€11,898 | -21.5% |
| Operating profit (loss) | 9901 | €162,183 | €42,322 | -€119,860 | -73.9% |
| Financial income | 75/76B | €3,474 | €2,546 | -€928 | -26.7% |
| Recurring financial income | 75 | €3,474 | €2,546 | -€928 | -26.7% |
| Financial charges | 65/66B | €2,360 | €160,159 | +€157,800 | +6,688% |
| Recurring financial charges | 65 | €2,360 | €747 | -€1,612 | -68.3% |
| Non-recurring financial charges | 66B | - | €159,412 | +€159,412 | |
| Profit (loss) for the period before taxes | 9903 | €163,297 | -€115,290 | -€278,588 | |
| Income taxes | 67/77 | €32,384 | €25,297 | -€7,087 | -21.9% |
| Profit (loss) for the period | 9904 | €130,913 | -€140,588 | -€271,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,913 | -€140,588 | -€271,500 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.