AETERRA: 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.
AETERRA
Largest movements
- Receivables after one year +€992,322
up €992,322 (+65.6%), from €1.5m to €2.5m
- Financial fixed assets +€155,875
up €155,875 (+5.4%), from €2.9m to €3.0m
- Receivables within one year -€148,998
down €148,998 (-94.9%), from €157,022 to €8,024
of which Other amounts receivable: -€157,022
- Cash -€135,167
down €135,167 (-76.4%), from €176,997 to €41,830
mainly Receivables after one year (-€992,322) and Investment in fixed assets (net) (-€155,875)
- Debts after one year +€826,644
up €826,644 (+19.9%), from €4.1m to €5.0m
- Current portion of long-term debt +€140,000
new in 2025: €140,000
- Profit (loss) carried forward -€110,795
down €110,795, from €40,421 to -€70,374
- Financial charges +€67,507
up €67,507 (+39.1%), from €172,594 to €240,101
- Taxes -€5,433
down €5,433, from €0 to -€5,433
- Financial income +€1,591
up €1,591 (+1.1%), from €149,187 to €150,778
- Gross operating margin -€882
down €882 (-3.4%), from -€25,769 to -€26,652
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 | €4,861,300 | €5,693,889 | +€832,589 | +17.1% |
| Fixed assets | 21/28 | €2,865,000 | €3,020,875 | +€155,875 | +5.4% |
| Financial fixed assets | 28 | €2,865,000 | €3,020,875 | +€155,875 | +5.4% |
| Current assets | 29/58 | €1,996,300 | €2,673,014 | +€676,714 | +33.9% |
| Amounts receivable after more than one year | 29 | €1,513,169 | €2,505,492 | +€992,322 | +65.6% |
| Other amounts receivable | 291 | €1,513,169 | €2,505,492 | +€992,322 | +65.6% |
| Amounts receivable within one year | 40/41 | €157,022 | €8,024 | -€148,998 | -94.9% |
| Trade receivables | 40 | - | €8,024 | +€8,024 | |
| Other amounts receivable | 41 | €157,022 | €0 | -€157,022 | -100.0% |
| Cash at bank and in hand | 54/58 | €176,997 | €41,830 | -€135,167 | -76.4% |
| Deferred charges and accrued income | 490/1 | €149,112 | €117,668 | -€31,443 | -21.1% |
| Total equity and liabilities | 10/49 | €4,861,300 | €5,693,889 | +€832,589 | +17.1% |
| Equity | 10/15 | €340,421 | €229,626 | -€110,795 | -32.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,421 | -€70,374 | -€110,795 | |
| Amounts payable | 17/49 | €4,520,879 | €5,464,263 | +€943,384 | +20.9% |
| Amounts payable after more than one year | 17 | €4,148,830 | €4,975,473 | +€826,644 | +19.9% |
| Financial debts | 170/4 | €4,148,830 | €4,975,473 | +€826,644 | +19.9% |
| Amounts payable within one year | 42/48 | €230,305 | €357,334 | +€127,029 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | - | €140,000 | +€140,000 | |
| Trade debts | 44 | €3,885 | €20,385 | +€16,500 | +424.7% |
| Suppliers | 440/4 | €3,885 | €20,385 | +€16,500 | +424.7% |
| Taxes, remuneration and social security | 45 | €25,797 | €0 | -€25,797 | -100.0% |
| Taxes | 450/3 | €25,797 | €0 | -€25,797 | -100.0% |
| Other amounts payable | 47/48 | €200,623 | €196,949 | -€3,674 | -1.8% |
| Accrued charges and deferred income | 492/3 | €141,745 | €131,456 | -€10,289 | -7.3% |
| Other operating charges | 640/8 | €141 | €254 | +€114 | +80.9% |
| Gross operating margin | 9900 | -€25,769 | -€26,652 | -€882 | -3.4% |
| Operating profit (loss) | 9901 | -€25,910 | -€26,906 | -€996 | -3.8% |
| Financial income | 75/76B | €149,187 | €150,778 | +€1,591 | +1.1% |
| Recurring financial income | 75 | €149,187 | €150,778 | +€1,591 | +1.1% |
| Financial charges | 65/66B | €172,594 | €240,101 | +€67,507 | +39.1% |
| Recurring financial charges | 65 | €172,594 | €240,101 | +€67,507 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,317 | -€116,228 | -€66,911 | -135.7% |
| Income taxes | 67/77 | €0 | -€5,433 | -€5,433 | |
| Profit (loss) for the period | 9904 | -€49,317 | -€110,795 | -€61,478 | -124.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,317 | -€110,795 | -€61,478 | -124.7% |
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 7 October 2026 via checked.be.