AERTSEN & DE VYLDER: what changed
What changed
AERTSEN & DE VYLDER
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€331
2024 · €4,025-€3,694
Equity
€462,326
2024 · €461,995+€331
Cash
€280,708
2024 · €151,017+€129,691
Balance sheet total
€780,268
2024 · €463,499+€316,769
Largest movements
Assets
- Receivables within one year +€218,538
up €218,538, from €0 to €218,538
of which Other amounts receivable: +€153,353
- Cash +€129,691
up €129,691 (+85.9%), from €151,017 to €280,708
mainly Debts after one year (+€315,000) and Depreciation (+€31,966)
- Tangible fixed assets -€31,966
down €31,966 (-10.2%), from €312,481 to €280,515
Equity and liabilities
- Debts after one year +€315,000
new in 2025: €315,000
Income statement
- Financial charges +€6,833
up €6,833 (+677%), from €1,010 to €7,843
- Gross operating margin +€1,592
up €1,592 (+3.6%), from €44,442 to €46,034
- Taxes -€1,503
down €1,503 (-100%), from €1,503 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,025
Gross operating margin
+€1,592
Depreciation
+€345
Other operating charges
-€301
Financial charges
-€6,833
Taxes
+€1,503
Result 2025
€331
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€185,309
Investment
€0
Financing
+€315,000
Cash 2024
€151,017
From operations (derived)
-€185,309
Net result for the year
+€331
Depreciation
+€31,966
Receivables within one year
-€218,538
Deferred charges and accrued income
-€507
Trade debts
+€1,438
Financing
+€315,000
Debts after one year
+€315,000
Cash 2025
€280,708
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,499 | €780,268 | +€316,769 | +68.3% |
| Fixed assets | 21/28 | €312,481 | €280,515 | -€31,966 | -10.2% |
| Tangible fixed assets | 22/27 | €312,481 | €280,515 | -€31,966 | -10.2% |
| Land and buildings | 22 | €312,481 | €280,515 | -€31,966 | -10.2% |
| Current assets | 29/58 | €151,017 | €499,753 | +€348,736 | +231% |
| Amounts receivable within one year | 40/41 | €0 | €218,538 | +€218,538 | |
| Trade receivables | 40 | €0 | €65,185 | +€65,185 | |
| Other amounts receivable | 41 | €0 | €153,353 | +€153,353 | |
| Cash at bank and in hand | 54/58 | €151,017 | €280,708 | +€129,691 | +85.9% |
| Deferred charges and accrued income | 490/1 | - | €507 | +€507 | |
| Total equity and liabilities | 10/49 | €463,499 | €780,268 | +€316,769 | +68.3% |
| Equity | 10/15 | €461,995 | €462,326 | +€331 | +0.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €455,790 | €456,121 | +€331 | +0.1% |
| Distributable reserves | 133 | €455,790 | €456,121 | +€331 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,503 | €317,942 | +€316,438 | +21,049% |
| Amounts payable after more than one year | 17 | - | €315,000 | +€315,000 | |
| Financial debts | 170/4 | - | €315,000 | +€315,000 | |
| Amounts payable within one year | 42/48 | €1,503 | €2,942 | +€1,438 | +95.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,438 | +€1,438 | |
| Suppliers | 440/4 | €0 | €1,438 | +€1,438 | |
| Taxes, remuneration and social security | 45 | €1,503 | €1,503 | = | 0.0% |
| Taxes | 450/3 | €1,503 | €1,503 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,312 | €31,966 | -€345 | -1.1% |
| Other operating charges | 640/8 | €5,592 | €5,893 | +€301 | +5.4% |
| Gross operating margin | 9900 | €44,442 | €46,034 | +€1,592 | +3.6% |
| Operating profit (loss) | 9901 | €6,539 | €8,174 | +€1,636 | +25.0% |
| Financial charges | 65/66B | €1,010 | €7,843 | +€6,833 | +677% |
| Recurring financial charges | 65 | €1,010 | €7,843 | +€6,833 | +677% |
| Profit (loss) for the period before taxes | 9903 | €5,529 | €331 | -€5,197 | -94.0% |
| Income taxes | 67/77 | €1,503 | €0 | -€1,503 | -100% |
| Profit (loss) for the period | 9904 | €4,025 | €331 | -€3,694 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,025 | €331 | -€3,694 | -91.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.