FIRMA AERDEN: 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.
FIRMA AERDEN
Largest movements
- Cash -€39,145
down €39,145 (-14.8%), from €264,846 to €225,701
mainly Investment in fixed assets (net) (-€52,034) and Receivables within one year (-€24,911)
- Receivables within one year +€24,911
up €24,911 (+262%), from €9,496 to €34,407
of which Other amounts receivable: +€20,333
- Stocks and contracts +€7,523
up €7,523 (+2.9%), from €263,127 to €270,650
- Reserves +€32,428
up €32,428 (+5.8%), from €558,803 to €591,231
- Trade debts -€17,935
down €17,935 (-42.5%), from €42,230 to €24,295
- Tax, wage and social debts -€8,610
down €8,610 (-44.0%), from €19,588 to €10,978
of which Taxes: -€10,873
- Gross operating margin -€53,409
down €53,409 (-36.0%), from €148,190 to €94,780
- Taxes -€20,637
down €20,637 (-62.9%), from €32,804 to €12,167
- Depreciation +€1,715
up €1,715 (+3.7%), from €46,446 to €48,161
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 | €654,636 | €653,320 | -€1,317 | -0.2% |
| Fixed assets | 21/28 | €110,621 | €114,494 | +€3,873 | +3.5% |
| Tangible fixed assets | 22/27 | €110,621 | €114,494 | +€3,873 | +3.5% |
| Land and buildings | 22 | €931 | €621 | -€310 | -33.3% |
| Plant, machinery and equipment | 23 | €21,902 | €18,449 | -€3,453 | -15.8% |
| Furniture and vehicles | 24 | €50,760 | €66,360 | +€15,600 | +30.7% |
| Other tangible fixed assets | 26 | €37,028 | €29,064 | -€7,963 | -21.5% |
| Current assets | 29/58 | €544,016 | €538,826 | -€5,190 | -1.0% |
| Stocks and contracts in progress | 3 | €263,127 | €270,650 | +€7,523 | +2.9% |
| Stocks | 30/36 | €263,127 | €270,650 | +€7,523 | +2.9% |
| Amounts receivable within one year | 40/41 | €9,496 | €34,407 | +€24,911 | +262% |
| Trade receivables | 40 | €9,496 | €14,074 | +€4,578 | +48.2% |
| Other amounts receivable | 41 | - | €20,333 | +€20,333 | |
| Cash at bank and in hand | 54/58 | €264,846 | €225,701 | -€39,145 | -14.8% |
| Deferred charges and accrued income | 490/1 | €6,547 | €8,068 | +€1,520 | +23.2% |
| Total equity and liabilities | 10/49 | €654,636 | €653,320 | -€1,317 | -0.2% |
| Equity | 10/15 | €577,403 | €609,831 | +€32,428 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €558,803 | €591,231 | +€32,428 | +5.8% |
| Distributable reserves | 133 | €558,803 | €591,231 | +€32,428 | +5.8% |
| Amounts payable | 17/49 | €77,234 | €43,489 | -€33,745 | -43.7% |
| Amounts payable within one year | 42/48 | €76,984 | €43,489 | -€33,495 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €6,166 | - | -€6,166 | |
| Trade debts | 44 | €42,230 | €24,295 | -€17,935 | -42.5% |
| Suppliers | 440/4 | €42,230 | €24,295 | -€17,935 | -42.5% |
| Taxes, remuneration and social security | 45 | €19,588 | €10,978 | -€8,610 | -44.0% |
| Taxes | 450/3 | €19,588 | €8,715 | -€10,873 | -55.5% |
| Remuneration and social security | 454/9 | - | €2,263 | +€2,263 | |
| Other amounts payable | 47/48 | €9,000 | €8,215 | -€785 | -8.7% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,446 | €48,161 | +€1,715 | +3.7% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | €148,190 | €94,780 | -€53,409 | -36.0% |
| Operating profit (loss) | 9901 | €101,153 | €46,012 | -€55,142 | -54.5% |
| Financial income | 75/76B | €43 | €51 | +€7 | +17.1% |
| Recurring financial income | 75 | €43 | €51 | +€7 | +17.1% |
| Financial charges | 65/66B | €1,457 | €1,467 | +€9 | +0.6% |
| Recurring financial charges | 65 | €1,457 | €1,467 | +€9 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €99,739 | €44,596 | -€55,144 | -55.3% |
| Income taxes | 67/77 | €32,804 | €12,167 | -€20,637 | -62.9% |
| Profit (loss) for the period | 9904 | €66,935 | €32,428 | -€34,507 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,935 | €32,428 | -€34,507 | -51.6% |
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 28 October 2026 via checked.be.