AETARIO: 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.
AETARIO
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€53,091
up €53,091 (+114.9%), from €46,197 to €99,289
mainly Current investments (+€150,000) and Net result for the year (+€47,291)
- Tangible fixed assets -€37,444
down €37,444 (-10.3%), from €362,774 to €325,330
of which Leasing and similar rights: -€24,798
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Reserves +€47,291
up €47,291 (+28.8%), from €164,434 to €211,725
- Debts after one year -€37,310
down €37,310 (-70.1%), from €53,254 to €15,943
- Other debts +€10,739
up €10,739 (+51.7%), from €20,762 to €31,501
- Gross operating margin -€18,129
down €18,129 (-14.0%), from €129,450 to €111,321
- Taxes -€4,188
down €4,188 (-17.6%), from €23,850 to €19,662
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 | €595,498 | €461,324 | -€134,173 | -22.5% |
| Fixed assets | 21/28 | €362,774 | €325,330 | -€37,444 | -10.3% |
| Tangible fixed assets | 22/27 | €362,774 | €325,330 | -€37,444 | -10.3% |
| Land and buildings | 22 | €57,575 | €51,161 | -€6,414 | -11.1% |
| Plant, machinery and equipment | 23 | €25,456 | €21,288 | -€4,168 | -16.4% |
| Furniture and vehicles | 24 | €6,966 | €4,902 | -€2,064 | -29.6% |
| Leasing and similar rights | 25 | €272,776 | €247,978 | -€24,798 | -9.1% |
| Current assets | 29/58 | €232,724 | €135,995 | -€96,729 | -41.6% |
| Amounts receivable within one year | 40/41 | €25,540 | €24,341 | -€1,199 | -4.7% |
| Trade receivables | 40 | €17,031 | €24,336 | +€7,305 | +42.9% |
| Other amounts receivable | 41 | €8,509 | €5 | -€8,504 | -99.9% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,197 | €99,289 | +€53,091 | +114.9% |
| Deferred charges and accrued income | 490/1 | €10,987 | €12,365 | +€1,378 | +12.5% |
| Total equity and liabilities | 10/49 | €595,498 | €461,324 | -€134,173 | -22.5% |
| Equity | 10/15 | €309,703 | €356,994 | +€47,291 | +15.3% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €164,434 | €211,725 | +€47,291 | +28.8% |
| Distributable reserves | 133 | €164,434 | €211,725 | +€47,291 | +28.8% |
| Profit (loss) carried forward | 14 | -€34,731 | -€34,731 | = | 0.0% |
| Amounts payable | 17/49 | €285,795 | €104,331 | -€181,464 | -63.5% |
| Amounts payable after more than one year | 17 | €53,254 | €15,943 | -€37,310 | -70.1% |
| Financial debts | 170/4 | €53,254 | €15,943 | -€37,310 | -70.1% |
| Amounts payable within one year | 42/48 | €230,262 | €85,444 | -€144,818 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €42,343 | €37,310 | -€5,033 | -11.9% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €3,208 | €2,821 | -€387 | -12.1% |
| Suppliers | 440/4 | €3,208 | €2,821 | -€387 | -12.1% |
| Taxes, remuneration and social security | 45 | €13,950 | €13,812 | -€137 | -1.0% |
| Taxes | 450/3 | €13,950 | €13,812 | -€137 | -1.0% |
| Other amounts payable | 47/48 | €20,762 | €31,501 | +€10,739 | +51.7% |
| Accrued charges and deferred income | 492/3 | €2,279 | €2,943 | +€665 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,224 | €37,444 | +€1,220 | +3.4% |
| Other operating charges | 640/8 | €3,050 | €3,150 | +€101 | +3.3% |
| Gross operating margin | 9900 | €129,450 | €111,321 | -€18,129 | -14.0% |
| Operating profit (loss) | 9901 | €90,176 | €70,726 | -€19,450 | -21.6% |
| Financial income | 75/76B | €18 | €74 | +€56 | +300.4% |
| Recurring financial income | 75 | €18 | €74 | +€56 | +300.4% |
| Financial charges | 65/66B | €4,758 | €3,848 | -€910 | -19.1% |
| Recurring financial charges | 65 | €4,758 | €3,848 | -€910 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €85,437 | €66,953 | -€18,484 | -21.6% |
| Income taxes | 67/77 | €23,850 | €19,662 | -€4,188 | -17.6% |
| Profit (loss) for the period | 9904 | €61,587 | €47,291 | -€14,296 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,587 | €47,291 | -€14,296 | -23.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.