Aerts Corné: 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.
Aerts Corné
Largest movements
- Tangible fixed assets +€55,342
up €55,342 (+24.6%), from €225,036 to €280,378
of which Furniture and vehicles: +€68,436
- Cash -€35,644
down €35,644 (-66.7%), from €53,473 to €17,829
mainly Investment in fixed assets (net) (-€70,095) and Stocks and contracts (-€25,000)
- Stocks and contracts +€25,000
new in 2025: €25,000
- Receivables within one year +€16,876
up €16,876 (+5.8%), from €289,275 to €306,151
of which Other amounts receivable: +€24,933
- Reserves +€55,844
up €55,844 (+6.3%), from €891,751 to €947,595
of which Distributable reserves: +€35,393
- Tax, wage and social debts +€12,257
up €12,257 (+151%), from €8,101 to €20,358
- Gross operating margin +€27,929
up €27,929 (+62.7%), from €44,516 to €72,445
- Financial charges +€16,951
up €16,951 (+2,979%), from €569 to €17,520
- Financial income +€15,554
up €15,554 (+60.0%), from €25,914 to €41,468
- Taxes +€5,980
up €5,980 (+38.9%), from €15,360 to €21,340
- Other operating charges +€1,911
up €1,911 (+75.1%), from €2,546 to €4,457
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 | €934,918 | €1,002,847 | +€67,929 | +7.3% |
| Fixed assets | 21/28 | €225,036 | €280,378 | +€55,342 | +24.6% |
| Tangible fixed assets | 22/27 | €225,036 | €280,378 | +€55,342 | +24.6% |
| Land and buildings | 22 | €219,958 | €207,898 | -€12,060 | -5.5% |
| Plant, machinery and equipment | 23 | €3,534 | €2,500 | -€1,034 | -29.3% |
| Furniture and vehicles | 24 | €1,544 | €69,980 | +€68,436 | +4,432% |
| Current assets | 29/58 | €709,882 | €722,469 | +€12,587 | +1.8% |
| Stocks and contracts in progress | 3 | - | €25,000 | +€25,000 | |
| Contracts in progress | 37 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €289,275 | €306,151 | +€16,876 | +5.8% |
| Trade receivables | 40 | €17,721 | €9,664 | -€8,057 | -45.5% |
| Other amounts receivable | 41 | €271,554 | €296,487 | +€24,933 | +9.2% |
| Current investments | 50/53 | €346,689 | €353,124 | +€6,435 | +1.9% |
| Cash at bank and in hand | 54/58 | €53,473 | €17,829 | -€35,644 | -66.7% |
| Deferred charges and accrued income | 490/1 | €20,445 | €20,365 | -€80 | -0.4% |
| Total equity and liabilities | 10/49 | €934,918 | €1,002,847 | +€67,929 | +7.3% |
| Equity | 10/15 | €920,507 | €976,351 | +€55,844 | +6.1% |
| Contributions | 10/11 | €28,756 | €28,756 | = | 0.0% |
| Reserves | 13 | €891,751 | €947,595 | +€55,844 | +6.3% |
| Non-distributable reserves | 130/1 | €2,876 | €2,876 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,876 | €2,876 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,392 | €55,843 | +€20,451 | +57.8% |
| Distributable reserves | 133 | €853,483 | €888,876 | +€35,393 | +4.1% |
| Amounts payable | 17/49 | €14,411 | €26,496 | +€12,085 | +83.9% |
| Amounts payable within one year | 42/48 | €14,349 | €24,858 | +€10,509 | +73.2% |
| Trade debts | 44 | €6,248 | €4,500 | -€1,748 | -28.0% |
| Suppliers | 440/4 | €6,248 | €4,500 | -€1,748 | -28.0% |
| Taxes, remuneration and social security | 45 | €8,101 | €20,358 | +€12,257 | +151% |
| Taxes | 450/3 | €8,101 | €20,358 | +€12,257 | +151% |
| Accrued charges and deferred income | 492/3 | €62 | €1,638 | +€1,576 | +2,542% |
| Non-recurring operating income | 76A | - | €41,956 | +€41,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,563 | €14,753 | -€1,810 | -10.9% |
| Other operating charges | 640/8 | €2,546 | €4,457 | +€1,911 | +75.1% |
| Gross operating margin | 9900 | €44,516 | €72,445 | +€27,929 | +62.7% |
| Operating profit (loss) | 9901 | €25,407 | €53,235 | +€27,828 | +110% |
| Financial income | 75/76B | €25,914 | €41,468 | +€15,554 | +60.0% |
| Recurring financial income | 75 | €25,914 | €41,468 | +€15,554 | +60.0% |
| Financial charges | 65/66B | €569 | €17,520 | +€16,951 | +2,979% |
| Recurring financial charges | 65 | €569 | €17,520 | +€16,951 | +2,979% |
| Profit (loss) for the period before taxes | 9903 | €50,752 | €77,183 | +€26,431 | +52.1% |
| Income taxes | 67/77 | €15,360 | €21,340 | +€5,980 | +38.9% |
| Profit (loss) for the period | 9904 | €35,392 | €55,843 | +€20,451 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,392 | €55,843 | +€20,451 | +57.8% |
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 23 October 2026 via checked.be.