AEROFLEET: what changed
What changed
AEROFLEET
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€8,174
2024 · -€3,660-€4,514
Equity
€7,541
2024 · €15,715-€8,174
Cash
€8,944
2024 · €8,032+€912
Balance sheet total
€289,731
2024 · €223,646+€66,085
Largest movements
Assets
- Tangible fixed assets +€38,550
up €38,550 (+32.6%), from €118,310 to €156,860
of which Land and buildings: +€38,760
- Receivables within one year +€25,009
up €25,009 (+31.5%), from €79,303 to €104,312
of which Trade receivables: +€15,013
Equity and liabilities
- Trade debts +€84,992
up €84,992 (+1,278%), from €6,649 to €91,641
- Advances received +€15,590
new in 2025: €15,590
- Profit (loss) carried forward -€8,174
down €8,174 (-266%), from -€3,070 to -€11,244
- Provisions -€7,000
down €7,000 (-21.9%), from €32,000 to €25,000
- Short-term financial debts -€6,756
down €6,756 (-8.5%), from €79,666 to €72,910
Income statement
- Staff costs -€74,763
down €74,763 (-99.3%), from €75,261 to €498
- Gross operating margin -€59,198
down €59,198 (-62.2%), from €95,181 to €35,983
- Other operating charges +€17,493
up €17,493 (+549%), from €3,188 to €20,681
- Provisions -€7,000
new in 2025: -€7,000
- Taxes +€3,010
new in 2025: €3,010
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.
Result 2024
-€3,660
Gross operating margin
-€59,198
Staff costs
+€74,763
Depreciation
-€2,233
Provisions
+€7,000
Other operating charges
-€17,493
Other operating items
-€156
Financial income
-€1,825
Financial charges
-€2,361
Taxes
-€3,010
Result 2025
-€8,174
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€65,705
Investment
-€55,269
Financing
-€9,524
Cash 2024
€8,032
From operations (derived)
+€65,705
Net result for the year
-€8,174
Depreciation
+€16,719
Stocks and contracts
-€933
Receivables within one year
-€25,009
Deferred charges and accrued income
-€680
Provisions
-€7,000
Trade debts
+€84,992
Tax, wage and social debts
-€3,976
Advances received
+€15,590
Other debts
-€5,824
Investment (derived)
-€55,269
Investment in fixed assets (net)
-€55,269
Financing
-€9,524
Current portion of long-term debt
-€2,768
Short-term financial debts
-€6,756
Cash 2025
€8,944
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,646 | €289,731 | +€66,085 | +29.5% |
| Fixed assets | 21/28 | €118,521 | €157,071 | +€38,550 | +32.5% |
| Tangible fixed assets | 22/27 | €118,310 | €156,860 | +€38,550 | +32.6% |
| Land and buildings | 22 | €114,194 | €152,954 | +€38,760 | +33.9% |
| Plant, machinery and equipment | 23 | €2,975 | €3,890 | +€914 | +30.7% |
| Furniture and vehicles | 24 | €492 | €17 | -€476 | -96.6% |
| Other tangible fixed assets | 26 | €649 | €0 | -€649 | -100% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €105,125 | €132,660 | +€27,534 | +26.2% |
| Stocks and contracts in progress | 3 | €17,786 | €18,719 | +€933 | +5.2% |
| Stocks | 30/36 | €17,786 | €18,719 | +€933 | +5.2% |
| Amounts receivable within one year | 40/41 | €79,303 | €104,312 | +€25,009 | +31.5% |
| Trade receivables | 40 | €9,534 | €24,547 | +€15,013 | +157% |
| Other amounts receivable | 41 | €69,769 | €79,765 | +€9,996 | +14.3% |
| Cash at bank and in hand | 54/58 | €8,032 | €8,944 | +€912 | +11.4% |
| Deferred charges and accrued income | 490/1 | €4 | €685 | +€680 | +16,084% |
| Total equity and liabilities | 10/49 | €223,646 | €289,731 | +€66,085 | +29.5% |
| Equity | 10/15 | €15,715 | €7,541 | -€8,174 | -52.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €235 | €235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €235 | €235 | = | 0.0% |
| Legal reserve | 130 | €235 | - | -€235 | |
| Reserves not available under the articles | 1311 | - | €235 | +€235 | |
| Profit (loss) carried forward | 14 | -€3,070 | -€11,244 | -€8,174 | -266% |
| Provisions and deferred taxes | 16 | €32,000 | €25,000 | -€7,000 | -21.9% |
| Provisions for liabilities and charges | 160/5 | €32,000 | €25,000 | -€7,000 | -21.9% |
| Environmental obligations | 163 | €32,000 | €25,000 | -€7,000 | -21.9% |
| Amounts payable | 17/49 | €175,931 | €257,190 | +€81,258 | +46.2% |
| Amounts payable within one year | 42/48 | €175,931 | €257,190 | +€81,258 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €2,768 | - | -€2,768 | |
| Financial debts | 43 | €79,666 | €72,910 | -€6,756 | -8.5% |
| Credit institutions | 430/8 | €79,666 | €72,910 | -€6,756 | -8.5% |
| Trade debts | 44 | €6,649 | €91,641 | +€84,992 | +1,278% |
| Suppliers | 440/4 | €6,649 | €91,641 | +€84,992 | +1,278% |
| Advances received on contracts in progress | 46 | - | €15,590 | +€15,590 | |
| Taxes, remuneration and social security | 45 | €18,931 | €14,955 | -€3,976 | -21.0% |
| Taxes | 450/3 | €12,762 | €14,955 | +€2,193 | +17.2% |
| Remuneration and social security | 454/9 | €6,169 | €0 | -€6,169 | -100% |
| Other amounts payable | 47/48 | €67,918 | €62,094 | -€5,824 | -8.6% |
| Non-recurring operating income | 76A | €1,572 | - | -€1,572 | |
| Remuneration, social security and pensions | 62 | €75,261 | €498 | -€74,763 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,486 | €16,719 | +€2,233 | +15.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€7,000 | -€7,000 | |
| Other operating charges | 640/8 | €3,188 | €20,681 | +€17,493 | +549% |
| Non-recurring operating charges | 66A | €230 | €387 | +€156 | +67.8% |
| Gross operating margin | 9900 | €95,181 | €35,983 | -€59,198 | -62.2% |
| Operating profit (loss) | 9901 | €2,016 | €4,698 | +€2,682 | +133% |
| Financial income | 75/76B | €1,862 | €37 | -€1,825 | -98.0% |
| Recurring financial income | 75 | €1,862 | €37 | -€1,825 | -98.0% |
| Financial charges | 65/66B | €7,537 | €9,899 | +€2,361 | +31.3% |
| Recurring financial charges | 65 | €7,537 | €9,899 | +€2,361 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,660 | -€5,164 | -€1,504 | -41.1% |
| Income taxes | 67/77 | - | €3,010 | +€3,010 | |
| Profit (loss) for the period | 9904 | -€3,660 | -€8,174 | -€4,514 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,660 | -€8,174 | -€4,514 | -123% |
Next steps
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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 3 November 2026 via checked.be.