AERO NAUTICAL SERVICES: 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.
AERO NAUTICAL SERVICES
Largest movements
- Cash -€34,861
down €34,861 (-19.7%), from €176,969 to €142,108
mainly Contributions, distributions and other (-€140,000) and Receivables within one year (-€21,050)
- Tangible fixed assets -€24,529
down €24,529 (-3.7%), from €666,564 to €642,036
- Receivables within one year +€21,050
up €21,050 (+12.2%), from €172,529 to €193,579
- Reserves -€62,204
down €62,204 (-14.6%), from €424,743 to €362,539
of which Distributable reserves: -€57,484
- Other debts +€37,305
up €37,305 (+9.2%), from €403,969 to €441,274
- Gross operating margin +€3,601
up €3,601 (+2.2%), from €164,568 to €168,169
- Financial charges -€3,274
down €3,274 (-13.1%), from €24,948 to €21,674
- Depreciation +€2,361
up €2,361 (+7.0%), from €33,828 to €36,189
- Financial income -€2,215
down €2,215 (-34.2%), from €6,478 to €4,263
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 | €1,270,107 | €1,231,255 | -€38,852 | -3.1% |
| Fixed assets | 21/28 | €666,564 | €642,036 | -€24,529 | -3.7% |
| Tangible fixed assets | 22/27 | €666,564 | €642,036 | -€24,529 | -3.7% |
| Land and buildings | 22 | €666,564 | €642,036 | -€24,529 | -3.7% |
| Current assets | 29/58 | €603,543 | €589,220 | -€14,323 | -2.4% |
| Amounts receivable within one year | 40/41 | €172,529 | €193,579 | +€21,050 | +12.2% |
| Other amounts receivable | 41 | €172,529 | €193,579 | +€21,050 | +12.2% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €176,969 | €142,108 | -€34,861 | -19.7% |
| Deferred charges and accrued income | 490/1 | €4,045 | €3,533 | -€512 | -12.7% |
| Total equity and liabilities | 10/49 | €1,270,107 | €1,231,255 | -€38,852 | -3.1% |
| Equity | 10/15 | €733,314 | €671,110 | -€62,204 | -8.5% |
| Contributions | 10/11 | €308,571 | €308,571 | = | 0.0% |
| Reserves | 13 | €424,743 | €362,539 | -€62,204 | -14.6% |
| Tax-exempt reserves | 132 | €58,468 | €53,748 | -€4,720 | -8.1% |
| Distributable reserves | 133 | €366,275 | €308,792 | -€57,484 | -15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €19,489 | €17,916 | -€1,573 | -8.1% |
| Deferred taxes | 168 | €19,489 | €17,916 | -€1,573 | -8.1% |
| Amounts payable | 17/49 | €517,304 | €542,230 | +€24,926 | +4.8% |
| Amounts payable after more than one year | 17 | €79,500 | €79,500 | = | 0.0% |
| Other amounts payable | 178/9 | €79,500 | €79,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €420,499 | €447,732 | +€27,233 | +6.5% |
| Trade debts | 44 | €9,114 | €30 | -€9,084 | -99.7% |
| Suppliers | 440/4 | €9,114 | €30 | -€9,084 | -99.7% |
| Taxes, remuneration and social security | 45 | €7,416 | €6,428 | -€989 | -13.3% |
| Taxes | 450/3 | €7,416 | €6,428 | -€989 | -13.3% |
| Other amounts payable | 47/48 | €403,969 | €441,274 | +€37,305 | +9.2% |
| Accrued charges and deferred income | 492/3 | €17,305 | €14,998 | -€2,307 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,828 | €36,189 | +€2,361 | +7.0% |
| Other operating charges | 640/8 | €10,228 | €10,550 | +€321 | +3.1% |
| Gross operating margin | 9900 | €164,568 | €168,169 | +€3,601 | +2.2% |
| Operating profit (loss) | 9901 | €120,512 | €121,431 | +€919 | +0.8% |
| Financial income | 75/76B | €6,478 | €4,263 | -€2,215 | -34.2% |
| Recurring financial income | 75 | €6,478 | €4,263 | -€2,215 | -34.2% |
| Financial charges | 65/66B | €24,948 | €21,674 | -€3,274 | -13.1% |
| Recurring financial charges | 65 | €24,948 | €21,674 | -€3,274 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €102,042 | €104,020 | +€1,978 | +1.9% |
| Transfer from deferred taxes | 780 | €1,573 | €1,573 | = | 0.0% |
| Income taxes | 67/77 | €27,809 | €27,798 | -€11 | 0.0% |
| Profit (loss) for the period | 9904 | €75,807 | €77,796 | +€1,989 | +2.6% |
| Transfer from tax-exempt reserves | 789 | €4,720 | €4,720 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,527 | €82,516 | +€1,989 | +2.5% |
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 24 October 2026 via checked.be.