Aerts LMB: 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 LMB
Largest movements
- Tangible fixed assets +€97,436
up €97,436 (+9.5%), from €1.0m to €1.1m
of which Furniture and vehicles: +€187,950
- Stocks and contracts -€53,579
down €53,579 (-11.9%), from €450,893 to €397,314
- Receivables within one year -€51,913
down €51,913 (-27.3%), from €189,937 to €138,024
of which Trade receivables: -€40,246
- Financial fixed assets +€24,319
up €24,319 (+1,158%), from €2,100 to €26,419
- Cash +€17,161
up €17,161 (+248%), from €6,926 to €24,087
mainly Depreciation (+€227,604) and Trade debts (+€99,293)
- Trade debts +€99,293
up €99,293 (+43.9%), from €225,934 to €325,227
- Other debts -€79,464
down €79,464 (-23.7%), from €335,915 to €256,451
- Reserves +€26,563
up €26,563 (+4.3%), from €624,762 to €651,325
of which Distributable reserves: +€50,130
- Gross operating margin -€55,389
down €55,389 (-11.9%), from €465,113 to €409,724
- Taxes +€51,308
up €51,308 (+9,562%), from €537 to €51,845
- Staff costs +€6,082
up €6,082 (+6.4%), from €95,707 to €101,789
- Financial charges -€5,804
down €5,804 (-39.7%), from €14,619 to €8,815
- Depreciation +€5,370
up €5,370 (+2.4%), from €222,235 to €227,604
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 | €1,676,205 | €1,709,628 | +€33,423 | +2.0% |
| Fixed assets | 21/28 | €1,028,448 | €1,150,203 | +€121,755 | +11.8% |
| Tangible fixed assets | 22/27 | €1,026,348 | €1,123,785 | +€97,436 | +9.5% |
| Land and buildings | 22 | €438,741 | €414,833 | -€23,908 | -5.4% |
| Plant, machinery and equipment | 23 | €196,703 | €130,098 | -€66,605 | -33.9% |
| Furniture and vehicles | 24 | €390,903 | €578,853 | +€187,950 | +48.1% |
| Financial fixed assets | 28 | €2,100 | €26,419 | +€24,319 | +1,158% |
| Current assets | 29/58 | €647,757 | €559,425 | -€88,332 | -13.6% |
| Stocks and contracts in progress | 3 | €450,893 | €397,314 | -€53,579 | -11.9% |
| Stocks | 30/36 | €450,893 | €397,314 | -€53,579 | -11.9% |
| Amounts receivable within one year | 40/41 | €189,937 | €138,024 | -€51,913 | -27.3% |
| Trade receivables | 40 | €160,201 | €119,955 | -€40,246 | -25.1% |
| Other amounts receivable | 41 | €29,736 | €18,069 | -€11,667 | -39.2% |
| Cash at bank and in hand | 54/58 | €6,926 | €24,087 | +€17,161 | +248% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,676,205 | €1,709,628 | +€33,423 | +2.0% |
| Equity | 10/15 | €643,362 | €669,925 | +€26,563 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €624,762 | €651,325 | +€26,563 | +4.3% |
| Tax-exempt reserves | 132 | €123,303 | €99,736 | -€23,567 | -19.1% |
| Distributable reserves | 133 | €501,459 | €551,589 | +€50,130 | +10.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €41,101 | €33,245 | -€7,856 | -19.1% |
| Deferred taxes | 168 | €41,101 | €33,245 | -€7,856 | -19.1% |
| Amounts payable | 17/49 | €991,742 | €1,006,458 | +€14,716 | +1.5% |
| Amounts payable after more than one year | 17 | €306,581 | €302,500 | -€4,081 | -1.3% |
| Financial debts | 170/4 | €306,581 | €302,500 | -€4,081 | -1.3% |
| Amounts payable within one year | 42/48 | €606,895 | €641,286 | +€34,390 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €225,934 | €325,227 | +€99,293 | +43.9% |
| Suppliers | 440/4 | €225,934 | €325,227 | +€99,293 | +43.9% |
| Taxes, remuneration and social security | 45 | €15,046 | €29,608 | +€14,562 | +96.8% |
| Taxes | 450/3 | €4,931 | €17,088 | +€12,157 | +247% |
| Remuneration and social security | 454/9 | €10,116 | €12,520 | +€2,404 | +23.8% |
| Other amounts payable | 47/48 | €335,915 | €256,451 | -€79,464 | -23.7% |
| Accrued charges and deferred income | 492/3 | €78,266 | €62,673 | -€15,593 | -19.9% |
| Non-recurring operating income | 76A | €0 | €92,388 | +€92,388 | |
| Remuneration, social security and pensions | 62 | €95,707 | €101,789 | +€6,082 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,235 | €227,604 | +€5,370 | +2.4% |
| Other operating charges | 640/8 | €1,655 | €1,506 | -€150 | -9.0% |
| Gross operating margin | 9900 | €465,113 | €409,724 | -€55,389 | -11.9% |
| Operating profit (loss) | 9901 | €145,516 | €78,825 | -€66,691 | -45.8% |
| Financial income | 75/76B | €855 | €542 | -€313 | -36.6% |
| Recurring financial income | 75 | €855 | €542 | -€313 | -36.6% |
| Financial charges | 65/66B | €14,619 | €8,815 | -€5,804 | -39.7% |
| Recurring financial charges | 65 | €14,619 | €8,815 | -€5,804 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €131,752 | €70,552 | -€61,200 | -46.5% |
| Transfer from deferred taxes | 780 | €7,856 | €7,856 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €537 | €51,845 | +€51,308 | +9,562% |
| Profit (loss) for the period | 9904 | €139,071 | €26,563 | -€112,508 | -80.9% |
| Transfer from tax-exempt reserves | 789 | €23,567 | €23,567 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €162,638 | €50,130 | -€112,508 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.