AETHIS: 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.
AETHIS
Largest movements
- Receivables within one year -€36,700
down €36,700 (-99.8%), from €36,756 to €56
of which Trade receivables: -€32,400
- Cash -€11,362
down €11,362 (-12.6%), from €90,179 to €78,817
mainly Debts after one year (-€76,230)
- Deferred charges and accrued income -€2,692
down €2,692 (-91.7%), from €2,936 to €244
- Debts after one year -€76,230
no longer reported in 2025 (was €76,230)
- Profit (loss) carried forward +€25,464
up €25,464 (+9.1%), from -€278,369 to -€252,905
- Gross operating margin +€9,210
up €9,210 (+50.7%), from €18,161 to €27,371
- Financial charges +€517
up €517 (+52.2%), from €990 to €1,507
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 | €129,940 | €79,186 | -€50,754 | -39.1% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €129,890 | €79,136 | -€50,754 | -39.1% |
| Amounts receivable within one year | 40/41 | €36,756 | €56 | -€36,700 | -99.8% |
| Trade receivables | 40 | €32,400 | - | -€32,400 | |
| Other amounts receivable | 41 | €4,356 | €56 | -€4,300 | -98.7% |
| Current investments | 50/53 | €19 | €19 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,179 | €78,817 | -€11,362 | -12.6% |
| Deferred charges and accrued income | 490/1 | €2,936 | €244 | -€2,692 | -91.7% |
| Total equity and liabilities | 10/49 | €129,940 | €79,186 | -€50,754 | -39.1% |
| Equity | 10/15 | €53,322 | €78,786 | +€25,464 | +47.8% |
| Contributions | 10/11 | €321,000 | €321,000 | = | 0.0% |
| Capital | 10 | €321,000 | €321,000 | = | 0.0% |
| Issued capital | 100 | €321,000 | €321,000 | = | 0.0% |
| Reserves | 13 | €10,691 | €10,691 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,691 | €10,691 | = | 0.0% |
| Legal reserve | 130 | €10,691 | €10,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,369 | -€252,905 | +€25,464 | +9.1% |
| Amounts payable | 17/49 | €76,618 | €400 | -€76,218 | -99.5% |
| Amounts payable after more than one year | 17 | €76,230 | - | -€76,230 | |
| Other amounts payable | 178/9 | €76,230 | - | -€76,230 | |
| Amounts payable within one year | 42/48 | €388 | €400 | +€12 | +3.1% |
| Trade debts | 44 | €388 | €400 | +€12 | +3.1% |
| Suppliers | 440/4 | €388 | €400 | +€12 | +3.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €18,161 | €27,371 | +€9,210 | +50.7% |
| Operating profit (loss) | 9901 | €17,774 | €26,971 | +€9,197 | +51.7% |
| Financial charges | 65/66B | €990 | €1,507 | +€517 | +52.2% |
| Recurring financial charges | 65 | €990 | €1,507 | +€517 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €16,784 | €25,464 | +€8,680 | +51.7% |
| Profit (loss) for the period | 9904 | €16,784 | €25,464 | +€8,680 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,784 | €25,464 | +€8,680 | +51.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.