Aerotax: 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.
Aerotax
Largest movements
- Cash -€46,160
down €46,160 (-13.7%), from €335,778 to €289,618
mainly Other debts (-€49,000) and Tax, wage and social debts (-€20,009)
- Other debts -€49,000
no longer reported in 2025 (was €49,000)
- Tax, wage and social debts -€20,009
down €20,009 (-83.5%), from €23,971 to €3,962
of which Taxes: -€20,102
- Profit (loss) carried forward +€12,763
up €12,763 (+2.4%), from €527,416 to €540,179
- Gross operating margin +€6,432
up €6,432 (+17.9%), from €35,894 to €42,326
- Financial income -€979
down €979 (-36.2%), from €2,705 to €1,727
- Staff costs +€782
up €782 (+3.9%), from €20,215 to €20,997
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.
Derived cash bridge
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 | €621,552 | €565,001 | -€56,551 | -9.1% |
| Fixed assets | 21/28 | €278,264 | €272,964 | -€5,300 | -1.9% |
| Tangible fixed assets | 22/27 | €277,920 | €272,620 | -€5,300 | -1.9% |
| Land and buildings | 22 | €277,920 | €272,620 | -€5,300 | -1.9% |
| Financial fixed assets | 28 | €344 | €344 | = | 0.0% |
| Current assets | 29/58 | €343,288 | €292,037 | -€51,251 | -14.9% |
| Amounts receivable within one year | 40/41 | €5,652 | €518 | -€5,134 | -90.8% |
| Trade receivables | 40 | €4,840 | - | -€4,840 | |
| Other amounts receivable | 41 | €812 | €518 | -€294 | -36.2% |
| Cash at bank and in hand | 54/58 | €335,778 | €289,618 | -€46,160 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,859 | €1,902 | +€43 | +2.3% |
| Total equity and liabilities | 10/49 | €621,552 | €565,001 | -€56,551 | -9.1% |
| Equity | 10/15 | €548,276 | €561,039 | +€12,763 | +2.3% |
| Contributions | 10/11 | €18,964 | €18,964 | = | 0.0% |
| Reserves | 13 | €1,896 | €1,896 | = | 0.0% |
| Distributable reserves | 133 | €1,896 | €1,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €527,416 | €540,179 | +€12,763 | +2.4% |
| Amounts payable | 17/49 | €73,276 | €3,962 | -€69,314 | -94.6% |
| Amounts payable within one year | 42/48 | €72,971 | €3,962 | -€69,009 | -94.6% |
| Taxes, remuneration and social security | 45 | €23,971 | €3,962 | -€20,009 | -83.5% |
| Taxes | 450/3 | €21,366 | €1,264 | -€20,102 | -94.1% |
| Remuneration and social security | 454/9 | €2,604 | €2,698 | +€93 | +3.6% |
| Other amounts payable | 47/48 | €49,000 | - | -€49,000 | |
| Accrued charges and deferred income | 492/3 | €305 | - | -€305 | |
| Remuneration, social security and pensions | 62 | €20,215 | €20,997 | +€782 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,300 | €5,300 | = | 0.0% |
| Other operating charges | 640/8 | €4,711 | €4,860 | +€148 | +3.1% |
| Gross operating margin | 9900 | €35,894 | €42,326 | +€6,432 | +17.9% |
| Operating profit (loss) | 9901 | €5,668 | €11,170 | +€5,502 | +97.1% |
| Financial income | 75/76B | €2,705 | €1,727 | -€979 | -36.2% |
| Recurring financial income | 75 | €2,705 | €1,727 | -€979 | -36.2% |
| Financial charges | 65/66B | €133 | €134 | +€1 | +1.0% |
| Recurring financial charges | 65 | €133 | €134 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €8,241 | €12,763 | +€4,522 | +54.9% |
| Profit (loss) for the period | 9904 | €8,241 | €12,763 | +€4,522 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,241 | €12,763 | +€4,522 | +54.9% |
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 17 October 2026 via checked.be.