AEROSPEED: 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.
AEROSPEED
Largest movements
- Receivables within one year +€165,808
up €165,808 (+120.1%), from €138,078 to €303,886
of which Other amounts receivable: +€210,314
- Cash -€146,919
down €146,919 (-41.6%), from €353,559 to €206,640
mainly Receivables within one year (-€165,808) and Other debts (-€163,024)
- Stocks and contracts -€106,633
down €106,633 (-68.5%), from €155,589 to €48,956
- Intangible fixed assets +€56,039
new in 2025: €56,039
- Other debts -€163,024
down €163,024 (-14.4%), from €1.1m to €966,521
- Profit (loss) carried forward +€109,190
up €109,190 (+893.7%), from €12,218 to €121,408
- Trade debts -€81,051
down €81,051 (-61.0%), from €132,865 to €51,814
- Debts after one year +€47,633
new in 2025: €47,633
- Advances received +€27,201
new in 2025: €27,201
- Gross operating margin -€186,758
down €186,758 (-45.5%), from €410,034 to €223,276
- Write-downs -€45,041
no longer reported in 2025 (was €45,041)
- Taxes -€44,082
down €44,082 (-55.5%), from €79,387 to €35,305
- Financial income +€8,949
up €8,949 (+432.1%), from €2,071 to €11,020
of which Financial income: +€6,160
- Financial charges +€5,781
up €5,781 (+110.4%), from €5,236 to €11,017
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 | €1,298,584 | €1,260,443 | -€38,141 | -2.9% |
| Fixed assets | 21/28 | €68,501 | €114,440 | +€45,939 | +67.1% |
| Intangible fixed assets | 21 | - | €56,039 | +€56,039 | |
| Tangible fixed assets | 22/27 | €7,101 | - | -€7,101 | |
| Furniture and vehicles | 24 | €7,101 | - | -€7,101 | |
| Financial fixed assets | 28 | €61,400 | €58,401 | -€2,999 | -4.9% |
| Current assets | 29/58 | €1,230,083 | €1,146,003 | -€84,080 | -6.8% |
| Amounts receivable after more than one year | 29 | €565,000 | €565,000 | = | 0.0% |
| Other amounts receivable | 291 | €565,000 | €565,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €155,589 | €48,956 | -€106,633 | -68.5% |
| Stocks | 30/36 | €155,589 | €48,956 | -€106,633 | -68.5% |
| Amounts receivable within one year | 40/41 | €138,078 | €303,886 | +€165,808 | +120.1% |
| Trade receivables | 40 | €97,465 | €52,959 | -€44,506 | -45.7% |
| Other amounts receivable | 41 | €40,613 | €250,927 | +€210,314 | +517.8% |
| Cash at bank and in hand | 54/58 | €353,559 | €206,640 | -€146,919 | -41.6% |
| Deferred charges and accrued income | 490/1 | €17,857 | €21,521 | +€3,664 | +20.5% |
| Total equity and liabilities | 10/49 | €1,298,584 | €1,260,443 | -€38,141 | -2.9% |
| Equity | 10/15 | €32,678 | €141,868 | +€109,190 | +334.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,218 | €121,408 | +€109,190 | +893.7% |
| Amounts payable | 17/49 | €1,265,906 | €1,118,575 | -€147,331 | -11.6% |
| Amounts payable after more than one year | 17 | - | €47,633 | +€47,633 | |
| Financial debts | 170/4 | - | €47,633 | +€47,633 | |
| Amounts payable within one year | 42/48 | €1,265,906 | €1,070,942 | -€194,964 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | - | €22,367 | +€22,367 | |
| Trade debts | 44 | €132,865 | €51,814 | -€81,051 | -61.0% |
| Suppliers | 440/4 | €132,865 | €51,814 | -€81,051 | -61.0% |
| Advances received on contracts in progress | 46 | - | €27,201 | +€27,201 | |
| Taxes, remuneration and social security | 45 | €3,496 | €3,039 | -€457 | -13.1% |
| Taxes | 450/3 | €3,496 | €3,039 | -€457 | -13.1% |
| Other amounts payable | 47/48 | €1,129,545 | €966,521 | -€163,024 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,427 | €19,062 | +€5,635 | +42.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,041 | - | -€45,041 | |
| Other operating charges | 640/8 | €56,796 | €59,722 | +€2,926 | +5.2% |
| Gross operating margin | 9900 | €410,034 | €223,276 | -€186,758 | -45.5% |
| Operating profit (loss) | 9901 | €294,770 | €144,492 | -€150,278 | -51.0% |
| Financial income | 75/76B | €2,071 | €11,020 | +€8,949 | +432.1% |
| Recurring financial income | 75 | €2,071 | €8,231 | +€6,160 | +297.4% |
| Non-recurring financial income | 76B | - | €2,789 | +€2,789 | |
| Financial charges | 65/66B | €5,236 | €11,017 | +€5,781 | +110.4% |
| Recurring financial charges | 65 | €5,236 | €11,017 | +€5,781 | +110.4% |
| Profit (loss) for the period before taxes | 9903 | €291,605 | €144,495 | -€147,110 | -50.4% |
| Income taxes | 67/77 | €79,387 | €35,305 | -€44,082 | -55.5% |
| Profit (loss) for the period | 9904 | €212,218 | €109,190 | -€103,028 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €212,218 | €109,190 | -€103,028 | -48.5% |
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 10 October 2026 via checked.be.