AETHER ARTS: 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.
AETHER ARTS
Largest movements
- Stocks and contracts +€15,368
up €15,368 (+15.1%), from €102,069 to €117,437
- Receivables after one year +€10,200
new in 2025: €10,200
- Cash -€8,157
down €8,157 (-95.1%), from €8,576 to €420
mainly Net result for the year (-€19,764) and Stocks and contracts (-€15,368)
- Receivables within one year +€3,596
up €3,596 (+50.0%), from €7,194 to €10,790
- Tangible fixed assets -€1,782
down €1,782 (-14.6%), from €12,230 to €10,448
of which Plant, machinery and equipment: -€919
- Other debts +€25,752
up €25,752 (+40.2%), from €63,995 to €89,747
- Profit (loss) carried forward -€19,764
down €19,764, from €10,933 to -€8,831
- Short-term financial debts +€18,468
new in 2025: €18,468
- Tax, wage and social debts -€7,167
down €7,167 (-19.4%), from €36,947 to €29,780
of which Taxes: -€7,618
- Staff costs +€8,115
up €8,115 (+11.5%), from €70,376 to €78,491
- Taxes +€1,100
no longer reported in 2025 (was -€1,100)
- Gross operating margin +€1,011
up €1,011 (+1.6%), from €64,190 to €65,201
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.
Derived cash bridge
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 | €133,203 | €150,747 | +€17,544 | +13.2% |
| Fixed assets | 21/28 | €15,364 | €11,900 | -€3,464 | -22.5% |
| Intangible fixed assets | 21 | €1,633 | €1,452 | -€182 | -11.1% |
| Tangible fixed assets | 22/27 | €12,230 | €10,448 | -€1,782 | -14.6% |
| Plant, machinery and equipment | 23 | €4,712 | €3,793 | -€919 | -19.5% |
| Furniture and vehicles | 24 | €519 | €355 | -€164 | -31.5% |
| Other tangible fixed assets | 26 | €7,000 | €6,300 | -€700 | -10.0% |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €117,839 | €138,847 | +€21,007 | +17.8% |
| Amounts receivable after more than one year | 29 | - | €10,200 | +€10,200 | |
| Other amounts receivable | 291 | - | €10,200 | +€10,200 | |
| Stocks and contracts in progress | 3 | €102,069 | €117,437 | +€15,368 | +15.1% |
| Stocks | 30/36 | €102,069 | €117,437 | +€15,368 | +15.1% |
| Amounts receivable within one year | 40/41 | €7,194 | €10,790 | +€3,596 | +50.0% |
| Trade receivables | 40 | €7,194 | €10,790 | +€3,596 | +50.0% |
| Cash at bank and in hand | 54/58 | €8,576 | €420 | -€8,157 | -95.1% |
| Total equity and liabilities | 10/49 | €133,203 | €150,747 | +€17,544 | +13.2% |
| Equity | 10/15 | €32,206 | €12,442 | -€19,764 | -61.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,674 | €2,674 | = | 0.0% |
| Distributable reserves | 133 | €2,674 | €2,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,933 | -€8,831 | -€19,764 | |
| Amounts payable | 17/49 | €100,997 | €138,304 | +€37,308 | +36.9% |
| Amounts payable within one year | 42/48 | €100,997 | €138,104 | +€37,108 | +36.7% |
| Financial debts | 43 | - | €18,468 | +€18,468 | |
| Credit institutions | 430/8 | - | €18,468 | +€18,468 | |
| Trade debts | 44 | €54 | €109 | +€55 | +101% |
| Suppliers | 440/4 | €54 | €109 | +€55 | +101% |
| Taxes, remuneration and social security | 45 | €36,947 | €29,780 | -€7,167 | -19.4% |
| Taxes | 450/3 | €17,943 | €10,325 | -€7,618 | -42.5% |
| Remuneration and social security | 454/9 | €19,004 | €19,456 | +€451 | +2.4% |
| Other amounts payable | 47/48 | €63,995 | €89,747 | +€25,752 | +40.2% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €70,376 | €78,491 | +€8,115 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €1,964 | = | 0.0% |
| Other operating charges | 640/8 | €2,463 | €1,937 | -€526 | -21.3% |
| Gross operating margin | 9900 | €64,190 | €65,201 | +€1,011 | +1.6% |
| Operating profit (loss) | 9901 | -€10,613 | -€17,191 | -€6,579 | -62.0% |
| Financial charges | 65/66B | €2,933 | €2,573 | -€360 | -12.3% |
| Recurring financial charges | 65 | €2,933 | €2,573 | -€360 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,546 | -€19,764 | -€6,218 | -45.9% |
| Income taxes | 67/77 | -€1,100 | - | +€1,100 | |
| Profit (loss) for the period | 9904 | -€12,446 | -€19,764 | -€7,318 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,446 | -€19,764 | -€7,318 | -58.8% |
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 19 October 2026 via checked.be.