Group Aerts: 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.
Group Aerts
Largest movements
- Tangible fixed assets -€43,656
down €43,656 (-11.4%), from €384,460 to €340,804
of which Land and buildings: -€34,782
- Stocks and contracts -€26,311
down €26,311 (-7.7%), from €340,448 to €314,137
- Cash +€13,844
up €13,844 (+11.1%), from €124,385 to €138,229
mainly Current portion of long-term debt (+€67,938) and Net result for the year (+€66,014)
- Current investments -€10,215
down €10,215 (-100%), from €10,215 to €0
- Tax, wage and social debts -€78,003
down €78,003 (-45.3%), from €172,075 to €94,072
of which Taxes: -€63,873
- Current portion of long-term debt +€67,938
up €67,938 (+485%), from €14,000 to €81,938
- Profit (loss) carried forward +€66,014
up €66,014 (+39.4%), from -€167,749 to -€101,734
- Advances received -€63,114
down €63,114 (-100%), from €63,114 to €0
- Other debts -€60,355
down €60,355 (-30.8%), from €195,704 to €135,349
- Turnover -€2.8m
no longer reported in 2025 (was €2.8m)
- Purchases and services -€2.3m
no longer reported in 2025 (was €2.3m)
- Gross operating margin -€101,251
down €101,251 (-14.5%), from €697,454 to €596,204
- Taxes -€55,401
down €55,401 (-75.2%), from €73,634 to €18,232
- Financial charges +€54,102
up €54,102 (+119%), from €45,425 to €99,527
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 | €903,954 | €842,974 | -€60,981 | -6.7% |
| Fixed assets | 21/28 | €406,508 | €362,852 | -€43,656 | -10.7% |
| Tangible fixed assets | 22/27 | €384,460 | €340,804 | -€43,656 | -11.4% |
| Land and buildings | 22 | €338,248 | €303,467 | -€34,782 | -10.3% |
| Plant, machinery and equipment | 23 | €12,632 | €15,595 | +€2,963 | +23.5% |
| Furniture and vehicles | 24 | €33,012 | €21,316 | -€11,696 | -35.4% |
| Other tangible fixed assets | 26 | €568 | €426 | -€142 | -25.0% |
| Financial fixed assets | 28 | €22,049 | €22,049 | = | 0.0% |
| Current assets | 29/58 | €497,446 | €480,121 | -€17,325 | -3.5% |
| Stocks and contracts in progress | 3 | €340,448 | €314,137 | -€26,311 | -7.7% |
| Stocks | 30/36 | €340,448 | €314,137 | -€26,311 | -7.7% |
| Amounts receivable within one year | 40/41 | €22,398 | €27,756 | +€5,358 | +23.9% |
| Trade receivables | 40 | €3,508 | €888 | -€2,620 | -74.7% |
| Other amounts receivable | 41 | €18,890 | €26,868 | +€7,978 | +42.2% |
| Current investments | 50/53 | €10,215 | €0 | -€10,215 | -100% |
| Cash at bank and in hand | 54/58 | €124,385 | €138,229 | +€13,844 | +11.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €903,954 | €842,974 | -€60,981 | -6.7% |
| Equity | 10/15 | €303,830 | €369,844 | +€66,014 | +21.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €371,579 | €371,579 | = | 0.0% |
| Distributable reserves | 133 | €371,579 | €371,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,749 | -€101,734 | +€66,014 | +39.4% |
| Amounts payable | 17/49 | €600,124 | €473,129 | -€126,995 | -21.2% |
| Amounts payable after more than one year | 17 | €122,500 | €108,500 | -€14,000 | -11.4% |
| Financial debts | 170/4 | €122,500 | €108,500 | -€14,000 | -11.4% |
| Amounts payable within one year | 42/48 | €477,624 | €364,094 | -€113,530 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €81,938 | +€67,938 | +485% |
| Financial debts | 43 | €117 | €117 | = | 0.0% |
| Credit institutions | 430/8 | €117 | €117 | = | 0.0% |
| Trade debts | 44 | €32,615 | €52,618 | +€20,003 | +61.3% |
| Suppliers | 440/4 | €32,615 | €52,618 | +€20,003 | +61.3% |
| Advances received on contracts in progress | 46 | €63,114 | €0 | -€63,114 | -100% |
| Taxes, remuneration and social security | 45 | €172,075 | €94,072 | -€78,003 | -45.3% |
| Taxes | 450/3 | €87,415 | €23,543 | -€63,873 | -73.1% |
| Remuneration and social security | 454/9 | €84,659 | €70,530 | -€14,130 | -16.7% |
| Other amounts payable | 47/48 | €195,704 | €135,349 | -€60,355 | -30.8% |
| Accrued charges and deferred income | 492/3 | - | €535 | +€535 | |
| Turnover | 70 | €2,836,971 | - | -€2.8m | |
| Non-recurring operating income | 76A | €20,734 | €0 | -€20,734 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,260,579 | - | -€2.3m | |
| Remuneration, social security and pensions | 62 | €335,729 | €347,842 | +€12,113 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,261 | €57,003 | +€6,741 | +13.4% |
| Other operating charges | 640/8 | €25,790 | €14,801 | -€10,989 | -42.6% |
| Non-recurring operating charges | 66A | €11,465 | €0 | -€11,465 | -100% |
| Gross operating margin | 9900 | €697,454 | €596,204 | -€101,251 | -14.5% |
| Operating profit (loss) | 9901 | €274,209 | €176,557 | -€97,651 | -35.6% |
| Financial income | 75/76B | €627 | €7,216 | +€6,589 | +1,050% |
| Recurring financial income | 75 | €627 | €7,216 | +€6,589 | +1,050% |
| Financial charges | 65/66B | €45,425 | €99,527 | +€54,102 | +119% |
| Recurring financial charges | 65 | €45,425 | €99,527 | +€54,102 | +119% |
| Profit (loss) for the period before taxes | 9903 | €229,412 | €84,247 | -€145,165 | -63.3% |
| Income taxes | 67/77 | €73,634 | €18,232 | -€55,401 | -75.2% |
| Profit (loss) for the period | 9904 | €155,778 | €66,014 | -€89,764 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €155,778 | €66,014 | -€89,764 | -57.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.