AERTSENS ELECTRO: 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.
AERTSENS ELECTRO
Largest movements
- Cash +€48,095
up €48,095 (+58.7%), from €81,991 to €130,086
mainly Depreciation (+€24,597) and Receivables within one year (+€11,496)
- Tangible fixed assets -€23,606
down €23,606 (-40.2%), from €58,666 to €35,060
of which Furniture and vehicles: -€22,107
- Receivables within one year -€11,496
down €11,496 (-35.6%), from €32,318 to €20,822
of which Trade receivables: -€16,225
- Reserves +€8,222
up €8,222 (+5.6%), from €145,630 to €153,852
- Short-term financial debts +€4,399
new in 2025: €4,399
- Other debts -€2,885
no longer reported in 2025 (was €2,885)
- Trade debts +€2,521
up €2,521 (+43.0%), from €5,868 to €8,389
- Gross operating margin -€12,683
down €12,683 (-23.8%), from €53,399 to €40,716
- Taxes -€2,871
down €2,871 (-30.4%), from €9,436 to €6,565
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 | €172,975 | €185,968 | +€12,993 | +7.5% |
| Fixed assets | 21/28 | €58,666 | €35,060 | -€23,606 | -40.2% |
| Tangible fixed assets | 22/27 | €58,666 | €35,060 | -€23,606 | -40.2% |
| Plant, machinery and equipment | 23 | €3,671 | €2,173 | -€1,498 | -40.8% |
| Furniture and vehicles | 24 | €54,995 | €32,887 | -€22,107 | -40.2% |
| Current assets | 29/58 | €114,309 | €150,908 | +€36,599 | +32.0% |
| Amounts receivable within one year | 40/41 | €32,318 | €20,822 | -€11,496 | -35.6% |
| Trade receivables | 40 | €20,121 | €3,896 | -€16,225 | -80.6% |
| Other amounts receivable | 41 | €12,197 | €16,926 | +€4,729 | +38.8% |
| Cash at bank and in hand | 54/58 | €81,991 | €130,086 | +€48,095 | +58.7% |
| Total equity and liabilities | 10/49 | €172,975 | €185,968 | +€12,993 | +7.5% |
| Equity | 10/15 | €164,222 | €172,444 | +€8,222 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €145,630 | €153,852 | +€8,222 | +5.6% |
| Distributable reserves | 133 | €145,630 | €153,852 | +€8,222 | +5.6% |
| Amounts payable | 17/49 | €8,752 | €13,523 | +€4,771 | +54.5% |
| Amounts payable within one year | 42/48 | €8,752 | €13,523 | +€4,771 | +54.5% |
| Financial debts | 43 | - | €4,399 | +€4,399 | |
| Other loans | 439 | - | €4,399 | +€4,399 | |
| Trade debts | 44 | €5,868 | €8,389 | +€2,521 | +43.0% |
| Suppliers | 440/4 | €5,868 | €8,389 | +€2,521 | +43.0% |
| Taxes, remuneration and social security | 45 | - | €736 | +€736 | |
| Taxes | 450/3 | - | €736 | +€736 | |
| Other amounts payable | 47/48 | €2,885 | - | -€2,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,057 | €24,597 | -€460 | -1.8% |
| Other operating charges | 640/8 | €1,821 | €1,496 | -€326 | -17.9% |
| Gross operating margin | 9900 | €53,399 | €40,716 | -€12,683 | -23.8% |
| Operating profit (loss) | 9901 | €26,521 | €14,624 | -€11,897 | -44.9% |
| Financial income | 75/76B | €0 | €370 | +€370 | +3698800.0% |
| Recurring financial income | 75 | €0 | €370 | +€370 | +3698800.0% |
| Financial charges | 65/66B | €142 | €206 | +€65 | +45.6% |
| Recurring financial charges | 65 | €142 | €206 | +€65 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €26,379 | €14,787 | -€11,592 | -43.9% |
| Income taxes | 67/77 | €9,436 | €6,565 | -€2,871 | -30.4% |
| Profit (loss) for the period | 9904 | €16,944 | €8,222 | -€8,721 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,944 | €8,222 | -€8,721 | -51.5% |
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 9 October 2026 via checked.be.