AERTS TECHNICS: what changed
Two fiscal 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 TECHNICS
Largest movements
- Receivables within one year +€15,729
up €15,729 (+20.2%), from €77,987 to €93,716
of which Trade receivables: +€8,045
- Stocks and contracts +€4,829
up €4,829 (+28.4%), from €17,005 to €21,834
- Cash -€2,866
down €2,866 (-6.5%), from €44,165 to €41,299
mainly Receivables within one year (-€15,729) and Investment in fixed assets (net) (-€10,357)
- Reserves +€18,353
up €18,353 (+12.5%), from €146,661 to €165,013
- Trade debts +€7,368
up €7,368 (+67.2%), from €10,973 to €18,341
- Tax, wage and social debts -€7,187
no longer reported in 2025 (was €7,187)
of which Taxes: -€5,860
- Gross operating margin -€53,475
down €53,475 (-35.8%), from €149,332 to €95,857
- Taxes -€10,884
down €10,884 (-68.6%), from €15,860 to €4,975
- Staff costs +€3,072
up €3,072 (+5.4%), from €56,591 to €59,663
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 | €171,482 | €190,231 | +€18,749 | +10.9% |
| Fixed assets | 21/28 | €28,327 | €28,879 | +€552 | +1.9% |
| Intangible fixed assets | 21 | €7,190 | €6,044 | -€1,146 | -15.9% |
| Tangible fixed assets | 22/27 | €21,136 | €22,835 | +€1,699 | +8.0% |
| Plant, machinery and equipment | 23 | €13,194 | €11,637 | -€1,558 | -11.8% |
| Furniture and vehicles | 24 | €7,942 | €11,198 | +€3,256 | +41.0% |
| Current assets | 29/58 | €143,155 | €161,352 | +€18,197 | +12.7% |
| Stocks and contracts in progress | 3 | €17,005 | €21,834 | +€4,829 | +28.4% |
| Stocks | 30/36 | €17,005 | €21,834 | +€4,829 | +28.4% |
| Amounts receivable within one year | 40/41 | €77,987 | €93,716 | +€15,729 | +20.2% |
| Trade receivables | 40 | €75,251 | €83,296 | +€8,045 | +10.7% |
| Other amounts receivable | 41 | €2,736 | €10,420 | +€7,684 | +280.9% |
| Cash at bank and in hand | 54/58 | €44,165 | €41,299 | -€2,866 | -6.5% |
| Deferred charges and accrued income | 490/1 | €3,998 | €4,504 | +€506 | +12.6% |
| Total equity and liabilities | 10/49 | €171,482 | €190,231 | +€18,749 | +10.9% |
| Equity | 10/15 | €148,661 | €167,013 | +€18,353 | +12.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €146,661 | €165,013 | +€18,353 | +12.5% |
| Distributable reserves | 133 | €146,661 | €165,013 | +€18,353 | +12.5% |
| Amounts payable | 17/49 | €22,821 | €23,218 | +€396 | +1.7% |
| Amounts payable within one year | 42/48 | €22,821 | €23,218 | +€396 | +1.7% |
| Trade debts | 44 | €10,973 | €18,341 | +€7,368 | +67.2% |
| Suppliers | 440/4 | €10,973 | €18,341 | +€7,368 | +67.2% |
| Taxes, remuneration and social security | 45 | €7,187 | - | -€7,187 | |
| Taxes | 450/3 | €5,860 | - | -€5,860 | |
| Remuneration and social security | 454/9 | €1,327 | - | -€1,327 | |
| Other amounts payable | 47/48 | €4,661 | €4,876 | +€215 | +4.6% |
| Non-recurring operating income | 76A | €491 | - | -€491 | |
| Remuneration, social security and pensions | 62 | €56,591 | €59,663 | +€3,072 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,202 | €9,805 | -€397 | -3.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €149,332 | €95,857 | -€53,475 | -35.8% |
| Operating profit (loss) | 9901 | €82,034 | €25,870 | -€56,164 | -68.5% |
| Financial income | 75/76B | €97 | €164 | +€67 | +69.5% |
| Recurring financial income | 75 | €97 | €164 | +€67 | +69.5% |
| Financial charges | 65/66B | €3,015 | €2,706 | -€309 | -10.2% |
| Recurring financial charges | 65 | €3,015 | €2,706 | -€309 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €79,115 | €23,328 | -€55,788 | -70.5% |
| Income taxes | 67/77 | €15,860 | €4,975 | -€10,884 | -68.6% |
| Profit (loss) for the period | 9904 | €63,256 | €18,353 | -€44,903 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,256 | €18,353 | -€44,903 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.