Aerts Logistics: 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 Logistics
Largest movements
- Cash -€258,003
down €258,003 (-76.4%), from €337,644 to €79,641
mainly Contributions, distributions and other (-€774,132) and Receivables within one year (-€47,359)
- Current investments -€183,143
down €183,143 (-90.4%), from €202,582 to €19,439
- Tangible fixed assets -€109,447
down €109,447 (-26.4%), from €413,951 to €304,504
of which Leasing and similar rights: -€116,958
- Receivables within one year +€47,359
up €47,359 (+22.4%), from €211,203 to €258,562
of which Trade receivables: +€44,693
- Reserves -€774,134
no longer reported in 2025 (was €774,134)
- Other debts +€159,342
up €159,342 (+1,117%), from €14,259 to €173,601
- Profit (loss) carried forward +€114,913
up €114,913, from -€2 to €114,911
- Debts after one year -€42,207
down €42,207 (-21.7%), from €194,931 to €152,724
- Tax, wage and social debts +€31,883
up €31,883 (+81.2%), from €39,273 to €71,156
of which Taxes: +€28,859
- Depreciation -€34,247
down €34,247 (-20.0%), from €171,042 to €136,795
- Staff costs +€27,237
up €27,237 (+8.1%), from €335,516 to €362,754
- Gross operating margin -€23,508
down €23,508 (-3.2%), from €735,995 to €712,487
- Other operating charges -€8,414
down €8,414 (-16.5%), from €51,085 to €42,672
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 | €1,196,056 | €688,326 | -€507,730 | -42.5% |
| Fixed assets | 21/28 | €413,991 | €304,544 | -€109,447 | -26.4% |
| Tangible fixed assets | 22/27 | €413,951 | €304,504 | -€109,447 | -26.4% |
| Land and buildings | 22 | €57,075 | - | -€57,075 | |
| Plant, machinery and equipment | 23 | €3,371 | €405 | -€2,966 | -88.0% |
| Furniture and vehicles | 24 | €56,188 | €123,739 | +€67,551 | +120% |
| Leasing and similar rights | 25 | €297,317 | €180,359 | -€116,958 | -39.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €782,065 | €383,782 | -€398,283 | -50.9% |
| Stocks and contracts in progress | 3 | €5,407 | - | -€5,407 | |
| Stocks | 30/36 | €5,407 | - | -€5,407 | |
| Amounts receivable within one year | 40/41 | €211,203 | €258,562 | +€47,359 | +22.4% |
| Trade receivables | 40 | €209,654 | €254,347 | +€44,693 | +21.3% |
| Other amounts receivable | 41 | €1,549 | €4,214 | +€2,665 | +172% |
| Current investments | 50/53 | €202,582 | €19,439 | -€183,143 | -90.4% |
| Cash at bank and in hand | 54/58 | €337,644 | €79,641 | -€258,003 | -76.4% |
| Deferred charges and accrued income | 490/1 | €25,229 | €26,140 | +€911 | +3.6% |
| Total equity and liabilities | 10/49 | €1,196,056 | €688,326 | -€507,730 | -42.5% |
| Equity | 10/15 | €774,132 | €114,911 | -€659,222 | -85.2% |
| Reserves | 13 | €774,134 | - | -€774,134 | |
| Distributable reserves | 133 | €774,134 | - | -€774,134 | |
| Profit (loss) carried forward | 14 | -€2 | €114,911 | +€114,913 | |
| Amounts payable | 17/49 | €421,923 | €573,415 | +€151,492 | +35.9% |
| Amounts payable after more than one year | 17 | €194,931 | €152,724 | -€42,207 | -21.7% |
| Financial debts | 170/4 | €194,931 | €152,724 | -€42,207 | -21.7% |
| Amounts payable within one year | 42/48 | €226,287 | €420,691 | +€194,404 | +85.9% |
| Current portion of amounts payable after more than one year | 42 | €117,501 | €111,507 | -€5,994 | -5.1% |
| Financial debts | 43 | - | €5,047 | +€5,047 | |
| Credit institutions | 430/8 | - | €5,047 | +€5,047 | |
| Trade debts | 44 | €55,254 | €59,380 | +€4,126 | +7.5% |
| Suppliers | 440/4 | €55,254 | €59,380 | +€4,126 | +7.5% |
| Taxes, remuneration and social security | 45 | €39,273 | €71,156 | +€31,883 | +81.2% |
| Taxes | 450/3 | €9,975 | €38,835 | +€28,859 | +289% |
| Remuneration and social security | 454/9 | €29,297 | €32,321 | +€3,024 | +10.3% |
| Other amounts payable | 47/48 | €14,259 | €173,601 | +€159,342 | +1,117% |
| Accrued charges and deferred income | 492/3 | €705 | - | -€705 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €335,516 | €362,754 | +€27,237 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,042 | €136,795 | -€34,247 | -20.0% |
| Other operating charges | 640/8 | €51,085 | €42,672 | -€8,414 | -16.5% |
| Non-recurring operating charges | 66A | - | €1,624 | +€1,624 | |
| Gross operating margin | 9900 | €735,995 | €712,487 | -€23,508 | -3.2% |
| Operating profit (loss) | 9901 | €178,352 | €168,643 | -€9,709 | -5.4% |
| Financial income | 75/76B | €5,121 | €1,762 | -€3,359 | -65.6% |
| Recurring financial income | 75 | €5,121 | €1,762 | -€3,359 | -65.6% |
| Financial charges | 65/66B | €12,455 | €9,967 | -€2,488 | -20.0% |
| Recurring financial charges | 65 | €12,455 | €9,967 | -€2,488 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €171,017 | €160,438 | -€10,580 | -6.2% |
| Income taxes | 67/77 | €50,654 | €45,527 | -€5,127 | -10.1% |
| Profit (loss) for the period | 9904 | €120,363 | €114,911 | -€5,453 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €120,363 | €114,911 | -€5,453 | -4.5% |
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 21 October 2026 via checked.be.