AERTS PAINT: 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 PAINT
Largest movements
- Cash +€14,288
up €14,288 (+1,604%), from €891 to €15,178
mainly Other debts (+€5,690) and Depreciation (+€5,530)
- Tangible fixed assets -€5,363
down €5,363 (-34.3%), from €15,655 to €10,292
of which Furniture and vehicles: -€4,696
- Receivables within one year -€2,360
down €2,360 (-30.3%), from €7,779 to €5,420
of which Other amounts receivable: -€1,876
- Deferred charges and accrued income +€1,093
up €1,093 (+153%), from €713 to €1,806
- Stocks and contracts +€746
up €746 (+43.7%), from €1,706 to €2,452
- Other debts +€5,690
up €5,690 (+49.6%), from €11,479 to €17,170
- Reserves +€2,000
up €2,000 (+33.3%), from €6,000 to €8,000
- Tax, wage and social debts +€507
up €507 (+26.0%), from €1,950 to €2,457
- Depreciation +€5,054
up €5,054 (+1,061%), from €476 to €5,530
- Taxes -€1,018
down €1,018 (-53.7%), from €1,897 to €879
- Other operating charges +€321
up €321 (+18.6%), from €1,727 to €2,047
- Gross operating margin -€165
down €165 (-1.5%), from €10,821 to €10,656
- Financial charges +€114
up €114 (+253%), from €45 to €159
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 | €27,202 | €35,440 | +€8,238 | +30.3% |
| Fixed assets | 21/28 | €16,113 | €10,583 | -€5,530 | -34.3% |
| Intangible fixed assets | 21 | €458 | €291 | -€167 | -36.4% |
| Tangible fixed assets | 22/27 | €15,655 | €10,292 | -€5,363 | -34.3% |
| Plant, machinery and equipment | 23 | €1,832 | €1,165 | -€667 | -36.4% |
| Furniture and vehicles | 24 | €13,823 | €9,127 | -€4,696 | -34.0% |
| Current assets | 29/58 | €11,089 | €24,857 | +€13,768 | +124% |
| Stocks and contracts in progress | 3 | €1,706 | €2,452 | +€746 | +43.7% |
| Stocks | 30/36 | €1,706 | €2,452 | +€746 | +43.7% |
| Amounts receivable within one year | 40/41 | €7,779 | €5,420 | -€2,360 | -30.3% |
| Trade receivables | 40 | €534 | €50 | -€484 | -90.6% |
| Other amounts receivable | 41 | €7,245 | €5,370 | -€1,876 | -25.9% |
| Cash at bank and in hand | 54/58 | €891 | €15,178 | +€14,288 | +1,604% |
| Deferred charges and accrued income | 490/1 | €713 | €1,806 | +€1,093 | +153% |
| Total equity and liabilities | 10/49 | €27,202 | €35,440 | +€8,238 | +30.3% |
| Equity | 10/15 | €11,684 | €13,782 | +€2,098 | +18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Distributable reserves | 133 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Profit (loss) carried forward | 14 | €684 | €782 | +€98 | +14.3% |
| Amounts payable | 17/49 | €15,518 | €21,658 | +€6,140 | +39.6% |
| Amounts payable within one year | 42/48 | €15,518 | €21,658 | +€6,140 | +39.6% |
| Trade debts | 44 | €2,089 | €2,032 | -€57 | -2.7% |
| Suppliers | 440/4 | €2,089 | €2,032 | -€57 | -2.7% |
| Taxes, remuneration and social security | 45 | €1,950 | €2,457 | +€507 | +26.0% |
| Taxes | 450/3 | €1,950 | €2,457 | +€507 | +26.0% |
| Other amounts payable | 47/48 | €11,479 | €17,170 | +€5,690 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €5,530 | +€5,054 | +1,061% |
| Other operating charges | 640/8 | €1,727 | €2,047 | +€321 | +18.6% |
| Gross operating margin | 9900 | €10,821 | €10,656 | -€165 | -1.5% |
| Operating profit (loss) | 9901 | €8,618 | €3,079 | -€5,539 | -64.3% |
| Financial income | 75/76B | €8 | €56 | +€48 | +597% |
| Recurring financial income | 75 | €8 | €56 | +€48 | +597% |
| Financial charges | 65/66B | €45 | €159 | +€114 | +253% |
| Recurring financial charges | 65 | €45 | €159 | +€114 | +253% |
| Profit (loss) for the period before taxes | 9903 | €8,581 | €2,976 | -€5,604 | -65.3% |
| Income taxes | 67/77 | €1,897 | €879 | -€1,018 | -53.7% |
| Profit (loss) for the period | 9904 | €6,684 | €2,098 | -€4,586 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,684 | €2,098 | -€4,586 | -68.6% |
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 18 October 2026 via checked.be.