AERTS RAPIDE: 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 RAPIDE
Largest movements
- Receivables within one year -€334,110
down €334,110 (-61.3%), from €544,856 to €210,746
of which Trade receivables: -€337,324
- Stocks and contracts +€163,636
up €163,636 (+21.6%), from €756,600 to €920,236
- Cash +€60,137
up €60,137 (+1,170%), from €5,138 to €65,275
mainly Receivables within one year (+€334,110) and Depreciation (+€156,132)
- Tangible fixed assets +€30,881
up €30,881 (+6.7%), from €457,693 to €488,574
of which Plant, machinery and equipment: +€159,383
- Advances received -€200,000
down €200,000 (-100%), from €200,000 to €0
- Debts after one year +€109,650
up €109,650 (+31.0%), from €353,534 to €463,184
- Reserves +€72,065
up €72,065 (+17.2%), from €419,953 to €492,018
of which Distributable reserves: +€72,065
- Trade debts -€38,017
down €38,017 (-13.0%), from €293,540 to €255,523
- Current portion of long-term debt -€30,712
down €30,712 (-20.3%), from €151,038 to €120,325
- Gross operating margin -€80,214
down €80,214 (-11.6%), from €692,666 to €612,451
- Taxes -€48,505
down €48,505 (-81.8%), from €59,285 to €10,780
- Staff costs +€34,830
up €34,830 (+12.2%), from €286,505 to €321,335
- Depreciation +€28,332
up €28,332 (+22.2%), from €127,800 to €156,132
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 | €1,775,538 | €1,698,829 | -€76,710 | -4.3% |
| Fixed assets | 21/28 | €457,693 | €488,574 | +€30,881 | +6.7% |
| Tangible fixed assets | 22/27 | €457,693 | €488,574 | +€30,881 | +6.7% |
| Land and buildings | 22 | €128,999 | €95,778 | -€33,221 | -25.8% |
| Plant, machinery and equipment | 23 | €129,702 | €289,085 | +€159,383 | +123% |
| Furniture and vehicles | 24 | €198,992 | €103,712 | -€95,280 | -47.9% |
| Current assets | 29/58 | €1,317,845 | €1,210,254 | -€107,591 | -8.2% |
| Stocks and contracts in progress | 3 | €756,600 | €920,236 | +€163,636 | +21.6% |
| Stocks | 30/36 | €756,600 | €920,236 | +€163,636 | +21.6% |
| Amounts receivable within one year | 40/41 | €544,856 | €210,746 | -€334,110 | -61.3% |
| Trade receivables | 40 | €544,033 | €206,709 | -€337,324 | -62.0% |
| Other amounts receivable | 41 | €823 | €4,037 | +€3,214 | +390% |
| Cash at bank and in hand | 54/58 | €5,138 | €65,275 | +€60,137 | +1,170% |
| Deferred charges and accrued income | 490/1 | €11,251 | €13,997 | +€2,746 | +24.4% |
| Total equity and liabilities | 10/49 | €1,775,538 | €1,698,829 | -€76,710 | -4.3% |
| Equity | 10/15 | €649,953 | €722,018 | +€72,065 | +11.1% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €419,953 | €492,018 | +€72,065 | +17.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €419,953 | €492,018 | +€72,065 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,125,585 | €976,810 | -€148,775 | -13.2% |
| Amounts payable after more than one year | 17 | €353,534 | €463,184 | +€109,650 | +31.0% |
| Financial debts | 170/4 | €353,534 | €463,184 | +€109,650 | +31.0% |
| Amounts payable within one year | 42/48 | €759,484 | €509,757 | -€249,728 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €151,038 | €120,325 | -€30,712 | -20.3% |
| Trade debts | 44 | €293,540 | €255,523 | -€38,017 | -13.0% |
| Suppliers | 440/4 | €293,540 | €255,523 | -€38,017 | -13.0% |
| Advances received on contracts in progress | 46 | €200,000 | €0 | -€200,000 | -100% |
| Taxes, remuneration and social security | 45 | €84,399 | €86,953 | +€2,554 | +3.0% |
| Taxes | 450/3 | €50,224 | €50,348 | +€124 | +0.2% |
| Remuneration and social security | 454/9 | €34,175 | €36,605 | +€2,430 | +7.1% |
| Other amounts payable | 47/48 | €30,507 | €46,955 | +€16,448 | +53.9% |
| Accrued charges and deferred income | 492/3 | €12,567 | €3,870 | -€8,697 | -69.2% |
| Remuneration, social security and pensions | 62 | €286,505 | €321,335 | +€34,830 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,800 | €156,132 | +€28,332 | +22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,453 | €13,241 | -€5,212 | -28.2% |
| Non-recurring operating charges | 66A | €68 | €0 | -€68 | -100% |
| Gross operating margin | 9900 | €692,666 | €612,451 | -€80,214 | -11.6% |
| Operating profit (loss) | 9901 | €259,839 | €121,744 | -€138,095 | -53.1% |
| Financial income | 75/76B | €573 | €2,019 | +€1,446 | +253% |
| Recurring financial income | 75 | €573 | €2,019 | +€1,446 | +253% |
| Financial charges | 65/66B | €26,641 | €25,918 | -€723 | -2.7% |
| Recurring financial charges | 65 | €26,641 | €25,918 | -€723 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €233,771 | €97,845 | -€135,926 | -58.1% |
| Income taxes | 67/77 | €59,285 | €10,780 | -€48,505 | -81.8% |
| Profit (loss) for the period | 9904 | €174,486 | €87,065 | -€87,421 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €174,486 | €87,065 | -€87,421 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.