AEROtriangle: 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.
AEROtriangle
Largest movements
- Cash +€14,621
up €14,621 (+255.8%), from €5,716 to €20,338
mainly Net result for the year (+€5,767) and Tax, wage and social debts (+€5,064)
- Receivables within one year -€2,877
down €2,877 (-23.7%), from €12,160 to €9,283
of which Trade receivables: -€2,044
- Tangible fixed assets -€358
down €358 (-44.4%), from €805 to €447
- Profit (loss) carried forward +€5,767
up €5,767 (+39.9%), from €14,463 to €20,230
- Tax, wage and social debts +€5,064
up €5,064 (+123.5%), from €4,101 to €9,164
- Trade debts +€309
up €309 (+85.0%), from €364 to €674
- Taxes +€5,064
up €5,064 (+123.5%), from €4,101 to €9,164
- Gross operating margin -€3,815
down €3,815 (-19.2%), from €19,883 to €16,068
- Depreciation -€404
down €404 (-40.0%), from €1,008 to €604
- Other operating charges +€250
up €250 (+160.8%), from €156 to €406
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 | €18,928 | €30,068 | +€11,140 | +58.9% |
| Formation expenses | 20 | €247 | - | -€247 | |
| Fixed assets | 21/28 | €805 | €447 | -€358 | -44.4% |
| Tangible fixed assets | 22/27 | €805 | €447 | -€358 | -44.4% |
| Furniture and vehicles | 24 | €805 | €447 | -€358 | -44.4% |
| Current assets | 29/58 | €17,876 | €29,621 | +€11,744 | +65.7% |
| Amounts receivable within one year | 40/41 | €12,160 | €9,283 | -€2,877 | -23.7% |
| Trade receivables | 40 | €7,534 | €5,490 | -€2,044 | -27.1% |
| Other amounts receivable | 41 | €4,626 | €3,793 | -€833 | -18.0% |
| Cash at bank and in hand | 54/58 | €5,716 | €20,338 | +€14,621 | +255.8% |
| Total equity and liabilities | 10/49 | €18,928 | €30,068 | +€11,140 | +58.9% |
| Equity | 10/15 | €14,463 | €20,230 | +€5,767 | +39.9% |
| Profit (loss) carried forward | 14 | €14,463 | €20,230 | +€5,767 | +39.9% |
| Amounts payable | 17/49 | €4,465 | €9,838 | +€5,373 | +120.3% |
| Amounts payable within one year | 42/48 | €4,465 | €9,838 | +€5,373 | +120.3% |
| Trade debts | 44 | €364 | €674 | +€309 | +85.0% |
| Suppliers | 440/4 | €364 | €674 | +€309 | +85.0% |
| Taxes, remuneration and social security | 45 | €4,101 | €9,164 | +€5,064 | +123.5% |
| Taxes | 450/3 | €4,101 | €9,164 | +€5,064 | +123.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,008 | €604 | -€404 | -40.0% |
| Other operating charges | 640/8 | €156 | €406 | +€250 | +160.8% |
| Gross operating margin | 9900 | €19,883 | €16,068 | -€3,815 | -19.2% |
| Operating profit (loss) | 9901 | €18,719 | €15,058 | -€3,661 | -19.6% |
| Financial charges | 65/66B | €155 | €126 | -€29 | -18.5% |
| Recurring financial charges | 65 | €155 | €126 | -€29 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €18,564 | €14,931 | -€3,633 | -19.6% |
| Income taxes | 67/77 | €4,101 | €9,164 | +€5,064 | +123.5% |
| Profit (loss) for the period | 9904 | €14,463 | €5,767 | -€8,696 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,463 | €5,767 | -€8,696 | -60.1% |
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.