AORTA+: what changed
What changed
AORTA+
NACE 74.140, Other specialised design activities
filed annual accounts (NBB)
Net result for the year
€38,667
2024 · €21,950+€16,717
Equity
€39,546
2024 · €879+€38,667
Cash
€113,003
2024 · €3,301+€109,702
Balance sheet total
€824,884
2024 · €813,866+€11,018
Largest movements
Assets
- Cash +€109,702
up €109,702 (+3,324%), from €3,301 to €113,003
mainly Receivables within one year (+€68,609) and Depreciation (+€54,800)
- Receivables within one year -€68,609
down €68,609 (-28.5%), from €241,079 to €172,470
of which Trade receivables: -€61,595
- Tangible fixed assets -€49,427
down €49,427 (-10.0%), from €491,930 to €442,503
of which Land and buildings: -€37,806
- Deferred charges and accrued income +€20,245
up €20,245 (+357%), from €5,674 to €25,919
Equity and liabilities
- Debts after one year -€50,042
down €50,042 (-11.9%), from €420,975 to €370,934
- Reserves +€20,946
new in 2025: €20,946
- Profit (loss) carried forward +€17,721
up €17,721, from -€17,721 to €0
- Tax, wage and social debts +€15,532
up €15,532 (+48.7%), from €31,881 to €47,413
of which Taxes: +€9,281
Income statement
- Staff costs +€51,144
up €51,144 (+68.1%), from €75,086 to €126,230
- Gross operating margin +€50,858
up €50,858 (+25.5%), from €199,497 to €250,355
- Other operating charges -€17,810
down €17,810 (-72.3%), from €24,636 to €6,826
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,950
Gross operating margin
+€50,858
Staff costs
-€51,144
Depreciation
+€1,763
Other operating charges
+€17,810
Financial income
-€1,626
Financial charges
-€880
Taxes
-€63
Result 2025
€38,667
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€173,927
Investment
-€5,373
Financing
-€58,852
Cash 2024
€3,301
From operations (derived)
+€173,927
Net result for the year
+€38,667
Depreciation
+€54,800
Stocks and contracts
+€893
Receivables within one year
+€68,609
Deferred charges and accrued income
-€20,245
Trade debts
+€8,192
Tax, wage and social debts
+€15,532
Other debts
+€4,754
Accrued charges and deferred income
+€2,724
Investment (derived)
-€5,373
Investment in fixed assets (net)
-€5,373
Financing
-€58,852
Debts after one year
-€50,042
Current portion of long-term debt
-€7,268
Short-term financial debts
-€1,543
Cash 2025
€113,003
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,866 | €824,884 | +€11,018 | +1.4% |
| Fixed assets | 21/28 | €495,029 | €445,602 | -€49,427 | -10.0% |
| Tangible fixed assets | 22/27 | €491,930 | €442,503 | -€49,427 | -10.0% |
| Land and buildings | 22 | €469,621 | €431,814 | -€37,806 | -8.1% |
| Plant, machinery and equipment | 23 | €10,119 | €4,053 | -€6,065 | -59.9% |
| Furniture and vehicles | 24 | €12,191 | €6,635 | -€5,556 | -45.6% |
| Financial fixed assets | 28 | €3,099 | €3,099 | = | 0.0% |
| Current assets | 29/58 | €318,837 | €379,282 | +€60,445 | +19.0% |
| Stocks and contracts in progress | 3 | €68,283 | €67,391 | -€893 | -1.3% |
| Stocks | 30/36 | €68,283 | €67,391 | -€893 | -1.3% |
| Amounts receivable within one year | 40/41 | €241,079 | €172,470 | -€68,609 | -28.5% |
| Trade receivables | 40 | €224,837 | €163,242 | -€61,595 | -27.4% |
| Other amounts receivable | 41 | €16,242 | €9,228 | -€7,014 | -43.2% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,301 | €113,003 | +€109,702 | +3,324% |
| Deferred charges and accrued income | 490/1 | €5,674 | €25,919 | +€20,245 | +357% |
| Total equity and liabilities | 10/49 | €813,866 | €824,884 | +€11,018 | +1.4% |
| Equity | 10/15 | €879 | €39,546 | +€38,667 | +4,399% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €20,946 | +€20,946 | |
| Distributable reserves | 133 | - | €20,946 | +€20,946 | |
| Profit (loss) carried forward | 14 | -€17,721 | €0 | +€17,721 | |
| Amounts payable | 17/49 | €812,987 | €785,338 | -€27,649 | -3.4% |
| Amounts payable after more than one year | 17 | €420,975 | €370,934 | -€50,042 | -11.9% |
| Financial debts | 170/4 | €420,975 | €370,934 | -€50,042 | -11.9% |
| Amounts payable within one year | 42/48 | €391,763 | €411,431 | +€19,668 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €61,410 | €54,142 | -€7,268 | -11.8% |
| Financial debts | 43 | €2,587 | €1,045 | -€1,543 | -59.6% |
| Other loans | 439 | €2,587 | €1,045 | -€1,543 | -59.6% |
| Trade debts | 44 | €61,889 | €70,082 | +€8,192 | +13.2% |
| Suppliers | 440/4 | €61,889 | €70,082 | +€8,192 | +13.2% |
| Taxes, remuneration and social security | 45 | €31,881 | €47,413 | +€15,532 | +48.7% |
| Taxes | 450/3 | €25,775 | €35,056 | +€9,281 | +36.0% |
| Remuneration and social security | 454/9 | €6,105 | €12,357 | +€6,251 | +102% |
| Other amounts payable | 47/48 | €233,995 | €238,750 | +€4,754 | +2.0% |
| Accrued charges and deferred income | 492/3 | €249 | €2,973 | +€2,724 | +1,093% |
| Remuneration, social security and pensions | 62 | €75,086 | €126,230 | +€51,144 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,564 | €54,800 | -€1,763 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €24,636 | €6,826 | -€17,810 | -72.3% |
| Gross operating margin | 9900 | €199,497 | €250,355 | +€50,858 | +25.5% |
| Operating profit (loss) | 9901 | €43,212 | €62,499 | +€19,287 | +44.6% |
| Financial income | 75/76B | €1,793 | €167 | -€1,626 | -90.7% |
| Recurring financial income | 75 | €1,793 | €167 | -€1,626 | -90.7% |
| Financial charges | 65/66B | €22,895 | €23,776 | +€880 | +3.8% |
| Recurring financial charges | 65 | €22,895 | €23,776 | +€880 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €22,110 | €38,891 | +€16,781 | +75.9% |
| Income taxes | 67/77 | €160 | €223 | +€63 | +39.6% |
| Profit (loss) for the period | 9904 | €21,950 | €38,667 | +€16,717 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,950 | €38,667 | +€16,717 | +76.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.