AERTS FR: 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.
AERTS FR
Largest movements
- Cash +€42,704
up €42,704 (+136.6%), from €31,270 to €73,974
mainly Net result for the year (+€49,298) and Depreciation (+€12,005)
- Current investments +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
- Tangible fixed assets -€10,747
down €10,747 (-61.9%), from €17,372 to €6,625
- Receivables within one year -€6,192
down €6,192 (-27.4%), from €22,572 to €16,381
of which Trade receivables: -€6,037
- Reserves +€49,298
up €49,298 (+28.9%), from €170,398 to €219,696
- Gross operating margin +€20,826
up €20,826 (+33.4%), from €62,296 to €83,122
- Taxes +€9,389
up €9,389 (+65.7%), from €14,298 to €23,687
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 | €197,531 | €248,312 | +€50,781 | +25.7% |
| Fixed assets | 21/28 | €17,372 | €6,625 | -€10,747 | -61.9% |
| Tangible fixed assets | 22/27 | €17,372 | €6,625 | -€10,747 | -61.9% |
| Furniture and vehicles | 24 | €17,372 | €6,625 | -€10,747 | -61.9% |
| Current assets | 29/58 | €180,159 | €241,687 | +€61,528 | +34.2% |
| Amounts receivable within one year | 40/41 | €22,572 | €16,381 | -€6,192 | -27.4% |
| Trade receivables | 40 | €22,151 | €16,115 | -€6,037 | -27.3% |
| Other amounts receivable | 41 | €421 | €266 | -€155 | -36.8% |
| Current investments | 50/53 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €31,270 | €73,974 | +€42,704 | +136.6% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,332 | +€16 | +1.2% |
| Total equity and liabilities | 10/49 | €197,531 | €248,312 | +€50,781 | +25.7% |
| Equity | 10/15 | €190,398 | €239,696 | +€49,298 | +25.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €170,398 | €219,696 | +€49,298 | +28.9% |
| Distributable reserves | 133 | €170,398 | €219,696 | +€49,298 | +28.9% |
| Amounts payable | 17/49 | €7,132 | €8,615 | +€1,483 | +20.8% |
| Amounts payable within one year | 42/48 | €7,132 | €8,615 | +€1,483 | +20.8% |
| Trade debts | 44 | €67 | €1,106 | +€1,039 | +1555.7% |
| Suppliers | 440/4 | €67 | €1,106 | +€1,039 | +1555.7% |
| Taxes, remuneration and social security | 45 | €1,033 | €1,819 | +€786 | +76.1% |
| Taxes | 450/3 | €1,033 | €1,819 | +€786 | +76.1% |
| Other amounts payable | 47/48 | €6,033 | €5,691 | -€342 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,692 | €12,005 | -€686 | -5.4% |
| Other operating charges | 640/8 | €830 | €1,134 | +€303 | +36.6% |
| Gross operating margin | 9900 | €62,296 | €83,122 | +€20,826 | +33.4% |
| Operating profit (loss) | 9901 | €48,774 | €69,983 | +€21,209 | +43.5% |
| Financial income | 75/76B | €2,396 | €3,114 | +€717 | +29.9% |
| Recurring financial income | 75 | €2,396 | €3,114 | +€717 | +29.9% |
| Financial charges | 65/66B | €122 | €111 | -€11 | -8.7% |
| Recurring financial charges | 65 | €122 | €111 | -€11 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €51,049 | €72,985 | +€21,937 | +43.0% |
| Income taxes | 67/77 | €14,298 | €23,687 | +€9,389 | +65.7% |
| Profit (loss) for the period | 9904 | €36,750 | €49,298 | +€12,548 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,750 | €49,298 | +€12,548 | +34.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.