AERTS FRANS: 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 FRANS
Largest movements
- Tangible fixed assets +€595,991
up €595,991 (+312.0%), from €190,997 to €786,989
of which Land and buildings: +€595,991
- Reserves +€412,728
up €412,728 (+161.9%), from €255,006 to €667,734
- Tax, wage and social debts +€188,546
new in 2025: €188,546
- Gross operating margin +€614,597
up €614,597 (+7302.5%), from €8,416 to €623,013
- Taxes +€189,820
up €189,820 (+174563.2%), from €109 to €189,929
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 | €280,486 | €877,279 | +€596,793 | +212.8% |
| Fixed assets | 21/28 | €190,997 | €786,989 | +€595,991 | +312.0% |
| Tangible fixed assets | 22/27 | €190,997 | €786,989 | +€595,991 | +312.0% |
| Land and buildings | 22 | €190,997 | €786,989 | +€595,991 | +312.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €89,489 | €90,290 | +€801 | +0.9% |
| Amounts receivable within one year | 40/41 | €6,319 | €512 | -€5,807 | -91.9% |
| Other amounts receivable | 41 | €6,319 | €512 | -€5,807 | -91.9% |
| Current investments | 50/53 | €65,000 | €73,000 | +€8,000 | +12.3% |
| Cash at bank and in hand | 54/58 | €10,682 | €4,665 | -€6,018 | -56.3% |
| Deferred charges and accrued income | 490/1 | €7,488 | €12,114 | +€4,626 | +61.8% |
| Total equity and liabilities | 10/49 | €280,486 | €877,279 | +€596,793 | +212.8% |
| Equity | 10/15 | €273,606 | €686,334 | +€412,728 | +150.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,006 | €667,734 | +€412,728 | +161.9% |
| Distributable reserves | 133 | €255,006 | €667,734 | +€412,728 | +161.9% |
| Amounts payable | 17/49 | €6,880 | €190,945 | +€184,065 | +2675.3% |
| Amounts payable within one year | 42/48 | €6,880 | €190,945 | +€184,065 | +2675.3% |
| Trade debts | 44 | €6,880 | €2,316 | -€4,564 | -66.3% |
| Suppliers | 440/4 | €6,880 | €2,316 | -€4,564 | -66.3% |
| Taxes, remuneration and social security | 45 | - | €188,546 | +€188,546 | |
| Taxes | 450/3 | - | €188,546 | +€188,546 | |
| Other amounts payable | 47/48 | - | €83 | +€83 | |
| Non-recurring operating income | 76A | - | €612,465 | +€612,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,967 | €18,337 | -€630 | -3.3% |
| Other operating charges | 640/8 | €4,706 | €3,262 | -€1,444 | -30.7% |
| Gross operating margin | 9900 | €8,416 | €623,013 | +€614,597 | +7302.5% |
| Operating profit (loss) | 9901 | -€15,256 | €601,414 | +€616,670 | |
| Financial income | 75/76B | €2,073 | €1,288 | -€785 | -37.9% |
| Recurring financial income | 75 | €2,073 | €1,288 | -€785 | -37.9% |
| Financial charges | 65/66B | €44 | €46 | +€1 | +2.9% |
| Recurring financial charges | 65 | €44 | €46 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,227 | €602,657 | +€615,884 | |
| Income taxes | 67/77 | €109 | €189,929 | +€189,820 | +174563.2% |
| Profit (loss) for the period | 9904 | -€13,336 | €412,728 | +€426,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,336 | €412,728 | +€426,064 |
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 7 October 2026 via checked.be.