LAEROM: 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.
LAEROM
Largest movements
- Receivables within one year +€34,149
up €34,149 (+170.8%), from €19,998 to €54,147
of which Trade receivables: +€34,578
- Cash -€30,934
down €30,934 (-51.6%), from €59,996 to €29,061
mainly Receivables within one year (-€34,149) and Net result for the year (-€8,426)
- Tangible fixed assets +€1,499
up €1,499 (+154.6%), from €970 to €2,470
of which Plant, machinery and equipment: +€776
- Other debts +€13,031
up €13,031 (+25.7%), from €50,769 to €63,800
- Profit (loss) carried forward -€8,426
down €8,426 (-27.0%), from -€31,220 to -€39,646
- Accrued charges and deferred income -€1,380
down €1,380 (-50.9%), from €2,711 to €1,332
- Tax, wage and social debts +€1,337
up €1,337 (+17.1%), from €7,820 to €9,158
of which Taxes: +€3,313
- Other operating charges -€6,704
down €6,704 (-94.3%), from €7,107 to €403
- Financial charges -€4,752
down €4,752 (-10.3%), from €46,238 to €41,486
- Gross operating margin -€4,631
down €4,631 (-11.7%), from €39,428 to €34,797
- Depreciation +€614
up €614 (+66.1%), from €929 to €1,543
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 | €82,088 | €87,108 | +€5,021 | +6.1% |
| Fixed assets | 21/28 | €970 | €2,470 | +€1,499 | +154.6% |
| Tangible fixed assets | 22/27 | €970 | €2,470 | +€1,499 | +154.6% |
| Plant, machinery and equipment | 23 | €302 | €1,078 | +€776 | +256.7% |
| Furniture and vehicles | 24 | €668 | €1,392 | +€724 | +108.4% |
| Current assets | 29/58 | €81,118 | €84,639 | +€3,521 | +4.3% |
| Amounts receivable within one year | 40/41 | €19,998 | €54,147 | +€34,149 | +170.8% |
| Trade receivables | 40 | €15,099 | €49,677 | +€34,578 | +229.0% |
| Other amounts receivable | 41 | €4,899 | €4,470 | -€429 | -8.8% |
| Cash at bank and in hand | 54/58 | €59,996 | €29,061 | -€30,934 | -51.6% |
| Deferred charges and accrued income | 490/1 | €1,124 | €1,430 | +€306 | +27.3% |
| Total equity and liabilities | 10/49 | €82,088 | €87,108 | +€5,021 | +6.1% |
| Equity | 10/15 | €18,813 | €10,386 | -€8,426 | -44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,432 | €31,432 | = | 0.0% |
| Distributable reserves | 133 | €31,432 | €31,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,220 | -€39,646 | -€8,426 | -27.0% |
| Amounts payable | 17/49 | €63,275 | €76,722 | +€13,447 | +21.3% |
| Amounts payable within one year | 42/48 | €60,564 | €75,390 | +€14,827 | +24.5% |
| Trade debts | 44 | €1,974 | €2,432 | +€458 | +23.2% |
| Suppliers | 440/4 | €1,974 | €2,432 | +€458 | +23.2% |
| Taxes, remuneration and social security | 45 | €7,820 | €9,158 | +€1,337 | +17.1% |
| Taxes | 450/3 | €5,820 | €9,134 | +€3,313 | +56.9% |
| Remuneration and social security | 454/9 | €2,000 | €24 | -€1,976 | -98.8% |
| Other amounts payable | 47/48 | €50,769 | €63,800 | +€13,031 | +25.7% |
| Accrued charges and deferred income | 492/3 | €2,711 | €1,332 | -€1,380 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €1,543 | +€614 | +66.1% |
| Other operating charges | 640/8 | €7,107 | €403 | -€6,704 | -94.3% |
| Gross operating margin | 9900 | €39,428 | €34,797 | -€4,631 | -11.7% |
| Operating profit (loss) | 9901 | €31,392 | €32,851 | +€1,459 | +4.6% |
| Financial income | 75/76B | €110 | €341 | +€231 | +209.3% |
| Recurring financial income | 75 | €110 | €341 | +€231 | +209.3% |
| Financial charges | 65/66B | €46,238 | €41,486 | -€4,752 | -10.3% |
| Recurring financial charges | 65 | €46,238 | €41,486 | -€4,752 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,735 | -€8,294 | +€6,441 | +43.7% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€14,863 | -€8,426 | +€6,437 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,863 | -€8,426 | +€6,437 | +43.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.