AERTS GROUP: 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 GROUP
Largest movements
- Cash +€50,978
up €50,978 (+418.4%), from €12,183 to €63,160
mainly Net result for the year (+€68,221) and Tax, wage and social debts (+€7,298)
- Tangible fixed assets +€14,493
up €14,493 (+497.1%), from €2,915 to €17,408
of which Furniture and vehicles: +€7,781
- Receivables within one year +€2,577
up €2,577 (+2.8%), from €91,670 to €94,247
of which Trade receivables: +€4,391
- Receivables after one year +€1,800
new in 2025: €1,800
- Reserves +€68,221
up €68,221 (+144.9%), from €47,081 to €115,302
- Trade debts -€12,108
down €12,108 (-23.9%), from €50,655 to €38,547
- Tax, wage and social debts +€7,298
up €7,298 (+260.0%), from €2,807 to €10,105
of which Remuneration and social security: +€6,611
- Advances received +€6,500
new in 2025: €6,500
- Gross operating margin +€46,599
up €46,599 (+74.1%), from €62,918 to €109,517
- Write-downs -€13,440
down €13,440 (-50.0%), from €26,880 to €13,440
- Taxes +€11,144
up €11,144 (+147.1%), from €7,577 to €18,720
- Staff costs +€2,833
new in 2025: €2,833
- Depreciation +€2,076
up €2,076 (+664.6%), from €312 to €2,389
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 | €107,140 | €177,710 | +€70,571 | +65.9% |
| Fixed assets | 21/28 | €2,915 | €17,408 | +€14,493 | +497.1% |
| Tangible fixed assets | 22/27 | €2,915 | €17,408 | +€14,493 | +497.1% |
| Plant, machinery and equipment | 23 | €2,555 | €9,266 | +€6,711 | +262.7% |
| Furniture and vehicles | 24 | €361 | €8,142 | +€7,781 | +2156.6% |
| Current assets | 29/58 | €104,224 | €160,302 | +€56,078 | +53.8% |
| Amounts receivable after more than one year | 29 | - | €1,800 | +€1,800 | |
| Other amounts receivable | 291 | - | €1,800 | +€1,800 | |
| Amounts receivable within one year | 40/41 | €91,670 | €94,247 | +€2,577 | +2.8% |
| Trade receivables | 40 | €88,560 | €92,952 | +€4,391 | +5.0% |
| Other amounts receivable | 41 | €3,110 | €1,296 | -€1,814 | -58.3% |
| Cash at bank and in hand | 54/58 | €12,183 | €63,160 | +€50,978 | +418.4% |
| Deferred charges and accrued income | 490/1 | €371 | €1,094 | +€723 | +194.6% |
| Total equity and liabilities | 10/49 | €107,140 | €177,710 | +€70,571 | +65.9% |
| Equity | 10/15 | €50,081 | €118,302 | +€68,221 | +136.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,081 | €115,302 | +€68,221 | +144.9% |
| Distributable reserves | 133 | €47,081 | €115,302 | +€68,221 | +144.9% |
| Amounts payable | 17/49 | €57,059 | €59,408 | +€2,350 | +4.1% |
| Amounts payable within one year | 42/48 | €57,059 | €59,408 | +€2,350 | +4.1% |
| Trade debts | 44 | €50,655 | €38,547 | -€12,108 | -23.9% |
| Suppliers | 440/4 | €50,655 | €38,547 | -€12,108 | -23.9% |
| Advances received on contracts in progress | 46 | - | €6,500 | +€6,500 | |
| Taxes, remuneration and social security | 45 | €2,807 | €10,105 | +€7,298 | +260.0% |
| Taxes | 450/3 | €2,807 | €3,494 | +€687 | +24.5% |
| Remuneration and social security | 454/9 | - | €6,611 | +€6,611 | |
| Other amounts payable | 47/48 | €3,596 | €4,256 | +€660 | +18.3% |
| Remuneration, social security and pensions | 62 | - | €2,833 | +€2,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €2,389 | +€2,076 | +664.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,880 | €13,440 | -€13,440 | -50.0% |
| Other operating charges | 640/8 | €1,349 | €980 | -€369 | -27.4% |
| Gross operating margin | 9900 | €62,918 | €109,517 | +€46,599 | +74.1% |
| Operating profit (loss) | 9901 | €34,377 | €89,876 | +€55,499 | +161.4% |
| Financial income | 75/76B | €14 | €13 | -€2 | -11.2% |
| Recurring financial income | 75 | €14 | €13 | -€2 | -11.2% |
| Financial charges | 65/66B | €2,442 | €2,947 | +€505 | +20.7% |
| Recurring financial charges | 65 | €2,442 | €2,947 | +€505 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €31,949 | €86,941 | +€54,993 | +172.1% |
| Income taxes | 67/77 | €7,577 | €18,720 | +€11,144 | +147.1% |
| Profit (loss) for the period | 9904 | €24,372 | €68,221 | +€43,849 | +179.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,372 | €68,221 | +€43,849 | +179.9% |
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 9 October 2026 via checked.be.