AD-Air: 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.
AD-Air
Largest movements
- Current assets +€148,990
up €148,990 (+39.6%), from €376,187 to €525,177
of which Cash: +€193,124
- Financial fixed assets +€7,693
up €7,693 (+6.5%), from €119,007 to €126,699
- Reserves +€140,000
up €140,000 (+66.5%), from €210,580 to €350,580
- Debts within one year +€14,382
up €14,382 (+6.4%), from €223,530 to €237,912
- Gross operating margin +€43,366
up €43,366 (+15.5%), from €279,245 to €322,611
- Taxes +€12,599
up €12,599 (+15.3%), from €82,495 to €95,094
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,640 | €655,314 | +€154,675 | +30.9% |
| Fixed assets | 21/28 | €124,453 | €130,138 | +€5,685 | +4.6% |
| Tangible fixed assets | 22/27 | €5,446 | €3,438 | -€2,008 | -36.9% |
| Financial fixed assets | 28 | €119,007 | €126,699 | +€7,693 | +6.5% |
| Current assets | 29/58 | €376,187 | €525,177 | +€148,990 | +39.6% |
| Amounts receivable within one year | 40/41 | €344,403 | €300,260 | -€44,143 | -12.8% |
| Cash at bank and in hand | 54/58 | €30,399 | €223,522 | +€193,124 | +635.3% |
| Total equity and liabilities | 10/49 | €500,640 | €655,314 | +€154,675 | +30.9% |
| Equity | 10/15 | €277,110 | €417,403 | +€140,293 | +50.6% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €210,580 | €350,580 | +€140,000 | +66.5% |
| Profit (loss) carried forward | 14 | €10,730 | €11,023 | +€293 | +2.7% |
| Amounts payable | 17/49 | €223,530 | €237,912 | +€14,382 | +6.4% |
| Amounts payable within one year | 42/48 | €223,530 | €237,912 | +€14,382 | +6.4% |
| Trade debts | 44 | €1,642 | €13,251 | +€11,610 | +707.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €2,008 | -€279 | -12.2% |
| Gross operating margin | 9900 | €279,245 | €322,611 | +€43,366 | +15.5% |
| Operating profit (loss) | 9901 | €275,937 | €319,654 | +€43,717 | +15.8% |
| Recurring financial income | 75 | €5,826 | €6,930 | +€1,104 | +19.0% |
| Recurring financial charges | 65 | €1,417 | €1,197 | -€219 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €280,346 | €325,387 | +€45,041 | +16.1% |
| Income taxes | 67/77 | €82,495 | €95,094 | +€12,599 | +15.3% |
| Profit (loss) for the period | 9904 | €197,851 | €230,293 | +€32,442 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €197,851 | €230,293 | +€32,442 | +16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.