AEROSTATE: 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.
AEROSTATE
Largest movements
- Tangible fixed assets -€12,410
down €12,410 (-2.9%), from €434,357 to €421,947
of which Land and buildings: -€16,179
- Receivables within one year -€8,744
down €8,744 (-76.0%), from €11,506 to €2,762
of which Trade receivables: -€11,506
- Debts after one year -€22,072
down €22,072 (-13.3%), from €166,161 to €144,089
- Current portion of long-term debt -€7,607
down €7,607 (-25.0%), from €30,428 to €22,822
- Other debts +€5,492
up €5,492 (+6.5%), from €84,687 to €90,179
- Gross operating margin -€18,725
down €18,725 (-32.8%), from €57,090 to €38,366
- Other operating charges -€8,911
down €8,911 (-66.2%), from €13,458 to €4,547
- Taxes -€1,921
down €1,921 (-60.8%), from €3,159 to €1,238
- Depreciation -€813
down €813 (-3.0%), from €26,779 to €25,966
- Financial charges -€606
down €606 (-13.0%), from €4,657 to €4,050
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 | €457,275 | €433,896 | -€23,378 | -5.1% |
| Fixed assets | 21/28 | €434,357 | €421,947 | -€12,410 | -2.9% |
| Tangible fixed assets | 22/27 | €434,357 | €421,947 | -€12,410 | -2.9% |
| Land and buildings | 22 | €380,411 | €364,232 | -€16,179 | -4.3% |
| Plant, machinery and equipment | 23 | €28,423 | €37,723 | +€9,300 | +32.7% |
| Furniture and vehicles | 24 | €25,523 | €19,992 | -€5,531 | -21.7% |
| Current assets | 29/58 | €22,918 | €11,949 | -€10,968 | -47.9% |
| Amounts receivable within one year | 40/41 | €11,506 | €2,762 | -€8,744 | -76.0% |
| Trade receivables | 40 | €11,506 | - | -€11,506 | |
| Other amounts receivable | 41 | - | €2,762 | +€2,762 | |
| Cash at bank and in hand | 54/58 | €11,341 | €9,025 | -€2,316 | -20.4% |
| Deferred charges and accrued income | 490/1 | €71 | €163 | +€92 | +129.7% |
| Total equity and liabilities | 10/49 | €457,275 | €433,896 | -€23,378 | -5.1% |
| Equity | 10/15 | €174,018 | €176,582 | +€2,565 | +1.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €17,500 | €20,065 | +€2,565 | +14.7% |
| Distributable reserves | 133 | €17,500 | €20,065 | +€2,565 | +14.7% |
| Profit (loss) carried forward | 14 | €81,518 | €81,518 | = | 0.0% |
| Amounts payable | 17/49 | €283,257 | €257,314 | -€25,943 | -9.2% |
| Amounts payable after more than one year | 17 | €166,161 | €144,089 | -€22,072 | -13.3% |
| Financial debts | 170/4 | €166,161 | €144,089 | -€22,072 | -13.3% |
| Amounts payable within one year | 42/48 | €117,096 | €113,225 | -€3,871 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €30,428 | €22,822 | -€7,607 | -25.0% |
| Trade debts | 44 | €822 | €224 | -€598 | -72.7% |
| Suppliers | 440/4 | €822 | €224 | -€598 | -72.7% |
| Taxes, remuneration and social security | 45 | €1,159 | - | -€1,159 | |
| Taxes | 450/3 | €1,159 | - | -€1,159 | |
| Other amounts payable | 47/48 | €84,687 | €90,179 | +€5,492 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,779 | €25,966 | -€813 | -3.0% |
| Other operating charges | 640/8 | €13,458 | €4,547 | -€8,911 | -66.2% |
| Gross operating margin | 9900 | €57,090 | €38,366 | -€18,725 | -32.8% |
| Operating profit (loss) | 9901 | €16,853 | €7,853 | -€9,000 | -53.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -97.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -97.8% |
| Financial charges | 65/66B | €4,657 | €4,050 | -€606 | -13.0% |
| Recurring financial charges | 65 | €4,657 | €4,050 | -€606 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €12,199 | €3,802 | -€8,396 | -68.8% |
| Income taxes | 67/77 | €3,159 | €1,238 | -€1,921 | -60.8% |
| Profit (loss) for the period | 9904 | €9,039 | €2,565 | -€6,475 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,039 | €2,565 | -€6,475 | -71.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.