AEROS: 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.
AEROS
Largest movements
- Tangible fixed assets -€11,865
down €11,865 (-11.5%), from €103,242 to €91,377
of which Land and buildings: -€11,412
- Cash -€5,707
down €5,707 (-16.1%), from €35,488 to €29,782
mainly Net result for the year (-€13,659) and Receivables within one year (-€3,039)
- Receivables within one year +€3,039
up €3,039 (+47.9%), from €6,348 to €9,387
of which Trade receivables: +€3,043
- Profit (loss) carried forward -€13,659
down €13,659 (-32.1%), from -€42,560 to -€56,218
- Gross operating margin -€9,475
down €9,475 (-83.6%), from €11,327 to €1,852
- Depreciation -€481
down €481 (-3.9%), from €12,193 to €11,712
- Financial charges -€269
down €269 (-9.4%), from €2,872 to €2,603
- Financial income -€251
down €251 (-68.6%), from €366 to €115
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 | €149,612 | €135,491 | -€14,121 | -9.4% |
| Fixed assets | 21/28 | €103,267 | €91,401 | -€11,865 | -11.5% |
| Tangible fixed assets | 22/27 | €103,242 | €91,377 | -€11,865 | -11.5% |
| Land and buildings | 22 | €102,710 | €91,298 | -€11,412 | -11.1% |
| Plant, machinery and equipment | 23 | €532 | €79 | -€453 | -85.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €46,345 | €44,090 | -€2,255 | -4.9% |
| Stocks and contracts in progress | 3 | €2,745 | €3,124 | +€378 | +13.8% |
| Stocks | 30/36 | €2,745 | €3,124 | +€378 | +13.8% |
| Amounts receivable within one year | 40/41 | €6,348 | €9,387 | +€3,039 | +47.9% |
| Trade receivables | 40 | €3,338 | €6,381 | +€3,043 | +91.1% |
| Other amounts receivable | 41 | €3,010 | €3,006 | -€4 | -0.1% |
| Cash at bank and in hand | 54/58 | €35,488 | €29,782 | -€5,707 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,763 | €1,798 | +€35 | +2.0% |
| Total equity and liabilities | 10/49 | €149,612 | €135,491 | -€14,121 | -9.4% |
| Equity | 10/15 | €18,001 | €4,342 | -€13,659 | -75.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,969 | €41,969 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €40,109 | €40,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,560 | -€56,218 | -€13,659 | -32.1% |
| Amounts payable | 17/49 | €131,611 | €131,149 | -€462 | -0.4% |
| Amounts payable within one year | 42/48 | €129,704 | €129,502 | -€203 | -0.2% |
| Trade debts | 44 | €7,096 | €6,651 | -€445 | -6.3% |
| Suppliers | 440/4 | €7,096 | €6,651 | -€445 | -6.3% |
| Taxes, remuneration and social security | 45 | €2,062 | €1,725 | -€337 | -16.3% |
| Taxes | 450/3 | €2,062 | €1,725 | -€337 | -16.3% |
| Other amounts payable | 47/48 | €120,546 | €121,125 | +€579 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,907 | €1,647 | -€259 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,193 | €11,712 | -€481 | -3.9% |
| Other operating charges | 640/8 | €1,189 | €1,157 | -€31 | -2.6% |
| Non-recurring operating charges | 66A | - | €153 | +€153 | |
| Gross operating margin | 9900 | €11,327 | €1,852 | -€9,475 | -83.6% |
| Operating profit (loss) | 9901 | -€2,054 | -€11,170 | -€9,116 | -443.8% |
| Financial income | 75/76B | €366 | €115 | -€251 | -68.6% |
| Recurring financial income | 75 | €366 | €115 | -€251 | -68.6% |
| Financial charges | 65/66B | €2,872 | €2,603 | -€269 | -9.4% |
| Recurring financial charges | 65 | €2,872 | €2,603 | -€269 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,561 | -€13,659 | -€9,097 | -199.5% |
| Profit (loss) for the period | 9904 | -€4,561 | -€13,659 | -€9,097 | -199.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,561 | -€13,659 | -€9,097 | -199.5% |
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 6 October 2026 via checked.be.