AETHRAE: 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.
AETHRAE
Largest movements
- Receivables within one year -€30,919
down €30,919 (-67.6%), from €45,725 to €14,806
of which Trade receivables: -€24,376
- Cash -€10,967
down €10,967 (-94.6%), from €11,598 to €631
mainly Net result for the year (-€40,357) and Tax, wage and social debts (-€11,799)
- Tangible fixed assets -€4,318
down €4,318 (-73.7%), from €5,859 to €1,541
- Profit (loss) carried forward -€40,357
down €40,357 (-249.0%), from -€16,206 to -€56,562
- Tax, wage and social debts -€11,799
down €11,799 (-98.5%), from €11,979 to €180
of which Remuneration and social security: -€11,209
- Current portion of long-term debt +€8,000
new in 2024: €8,000
- Trade debts -€7,218
down €7,218 (-68.5%), from €10,536 to €3,318
- Other debts +€5,058
up €5,058 (+43.5%), from €11,615 to €16,673
- Gross operating margin -€65,198
down €65,198 (-71.5%), from €91,196 to €25,998
- Staff costs -€24,388
down €24,388 (-28.5%), from €85,660 to €61,273
- Depreciation -€3,423
down €3,423 (-44.2%), from €7,741 to €4,318
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,674 | €18,602 | -€46,071 | -71.2% |
| Fixed assets | 21/28 | €6,139 | €1,821 | -€4,318 | -70.3% |
| Tangible fixed assets | 22/27 | €5,859 | €1,541 | -€4,318 | -73.7% |
| Furniture and vehicles | 24 | €5,859 | €1,541 | -€4,318 | -73.7% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €58,535 | €16,781 | -€41,754 | -71.3% |
| Amounts receivable within one year | 40/41 | €45,725 | €14,806 | -€30,919 | -67.6% |
| Trade receivables | 40 | €27,356 | €2,980 | -€24,376 | -89.1% |
| Other amounts receivable | 41 | €18,369 | €11,826 | -€6,543 | -35.6% |
| Cash at bank and in hand | 54/58 | €11,598 | €631 | -€10,967 | -94.6% |
| Deferred charges and accrued income | 490/1 | €1,211 | €1,344 | +€133 | +11.0% |
| Total equity and liabilities | 10/49 | €64,674 | €18,602 | -€46,071 | -71.2% |
| Equity | 10/15 | €8,408 | -€31,948 | -€40,357 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,414 | €18,414 | = | 0.0% |
| Distributable reserves | 133 | €18,414 | €18,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,206 | -€56,562 | -€40,357 | -249.0% |
| Amounts payable | 17/49 | €56,266 | €50,551 | -€5,715 | -10.2% |
| Amounts payable after more than one year | 17 | €22,135 | €22,135 | = | 0.0% |
| Financial debts | 170/4 | €22,135 | €22,135 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,130 | €28,171 | -€5,959 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €10,536 | €3,318 | -€7,218 | -68.5% |
| Suppliers | 440/4 | €10,536 | €3,318 | -€7,218 | -68.5% |
| Taxes, remuneration and social security | 45 | €11,979 | €180 | -€11,799 | -98.5% |
| Taxes | 450/3 | €770 | €180 | -€590 | -76.6% |
| Remuneration and social security | 454/9 | €11,209 | - | -€11,209 | |
| Other amounts payable | 47/48 | €11,615 | €16,673 | +€5,058 | +43.5% |
| Accrued charges and deferred income | 492/3 | - | €244 | +€244 | |
| Remuneration, social security and pensions | 62 | €85,660 | €61,273 | -€24,388 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,741 | €4,318 | -€3,423 | -44.2% |
| Other operating charges | 640/8 | €620 | €789 | +€168 | +27.1% |
| Non-recurring operating charges | 66A | - | €358 | +€358 | |
| Gross operating margin | 9900 | €91,196 | €25,998 | -€65,198 | -71.5% |
| Operating profit (loss) | 9901 | -€2,826 | -€40,739 | -€37,913 | -1341.7% |
| Financial income | 75/76B | €932 | €806 | -€125 | -13.5% |
| Recurring financial income | 75 | €634 | €806 | +€172 | +27.2% |
| Non-recurring financial income | 76B | €298 | - | -€298 | |
| Financial charges | 65/66B | €263 | €244 | -€20 | -7.4% |
| Recurring financial charges | 65 | €263 | €244 | -€20 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,157 | -€40,176 | -€38,019 | -1762.5% |
| Income taxes | 67/77 | €152 | €180 | +€28 | +18.2% |
| Profit (loss) for the period | 9904 | -€2,310 | -€40,357 | -€38,047 | -1647.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,310 | -€40,357 | -€38,047 | -1647.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.