Aertes België: what changed
Aertes België
Largest movements
- Receivables within one year -€627,452
down €627,452 (-77.6%), from €808,989 to €181,537
of which Trade receivables: -€552,265
- Tangible fixed assets +€138,011
new in 2025: €138,011
of which Furniture and vehicles: +€97,172
- Cash +€96,378
up €96,378 (+2,402%), from €4,013 to €100,392
mainly Receivables within one year (+€627,452) and Other debts (+€20,208)
- Deferred charges and accrued income +€11,103
up €11,103 (+14,371%), from €77 to €11,181
- Trade debts -€302,299
down €302,299 (-84.8%), from €356,451 to €54,153
- Profit (loss) carried forward -€111,614
new in 2025: -€111,614
- Other debts +€20,208
up €20,208 (+27.9%), from €72,444 to €92,651
- Tax, wage and social debts +€11,745
up €11,745 (+11.0%), from €106,414 to €118,160
of which Remuneration and social security: +€11,115
- Gross operating margin -€449,016
down €449,016 (-80.7%), from €556,489 to €107,473
- Taxes -€94,129
down €94,129 (-99.6%), from €94,530 to €402
- Staff costs +€22,918
up €22,918 (+12.3%), from €186,815 to €209,732
- Depreciation +€6,630
new in 2025: €6,630
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,080 | €431,120 | -€381,959 | -47.0% |
| Fixed assets | 21/28 | - | €138,011 | +€138,011 | |
| Tangible fixed assets | 22/27 | - | €138,011 | +€138,011 | |
| Furniture and vehicles | 24 | - | €97,172 | +€97,172 | |
| Other tangible fixed assets | 26 | - | €40,839 | +€40,839 | |
| Current assets | 29/58 | €813,080 | €293,109 | -€519,971 | -64.0% |
| Amounts receivable within one year | 40/41 | €808,989 | €181,537 | -€627,452 | -77.6% |
| Trade receivables | 40 | €732,291 | €180,026 | -€552,265 | -75.4% |
| Other amounts receivable | 41 | €76,698 | €1,511 | -€75,187 | -98.0% |
| Cash at bank and in hand | 54/58 | €4,013 | €100,392 | +€96,378 | +2,402% |
| Deferred charges and accrued income | 490/1 | €77 | €11,181 | +€11,103 | +14,371% |
| Total equity and liabilities | 10/49 | €813,080 | €431,120 | -€381,959 | -47.0% |
| Equity | 10/15 | €277,771 | €166,157 | -€111,614 | -40.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €274,771 | €274,771 | = | 0.0% |
| Distributable reserves | 133 | €274,771 | €274,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€111,614 | -€111,614 | |
| Amounts payable | 17/49 | €535,309 | €264,963 | -€270,346 | -50.5% |
| Amounts payable within one year | 42/48 | €535,309 | €264,963 | -€270,346 | -50.5% |
| Trade debts | 44 | €356,451 | €54,153 | -€302,299 | -84.8% |
| Suppliers | 440/4 | €356,451 | €54,153 | -€302,299 | -84.8% |
| Taxes, remuneration and social security | 45 | €106,414 | €118,160 | +€11,745 | +11.0% |
| Taxes | 450/3 | €94,530 | €95,160 | +€630 | +0.7% |
| Remuneration and social security | 454/9 | €11,884 | €22,999 | +€11,115 | +93.5% |
| Other amounts payable | 47/48 | €72,444 | €92,651 | +€20,208 | +27.9% |
| Remuneration, social security and pensions | 62 | €186,815 | €209,732 | +€22,918 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,630 | +€6,630 | |
| Other operating charges | 640/8 | €75 | €2,011 | +€1,937 | +2,599% |
| Gross operating margin | 9900 | €556,489 | €107,473 | -€449,016 | -80.7% |
| Operating profit (loss) | 9901 | €369,600 | -€110,900 | -€480,500 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €299 | €326 | +€28 | +9.3% |
| Recurring financial charges | 65 | €299 | €326 | +€28 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €369,301 | -€111,212 | -€480,513 | |
| Income taxes | 67/77 | €94,530 | €402 | -€94,129 | -99.6% |
| Profit (loss) for the period | 9904 | €274,771 | -€111,614 | -€386,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €274,771 | -€111,614 | -€386,384 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.