AERO-TRANSPORT: 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-TRANSPORT
Largest movements
- Receivables within one year -€93,361
down €93,361 (-63.9%), from €146,131 to €52,771
of which Other amounts receivable: -€72,161
- Tangible fixed assets -€42,077
no longer reported in 2025 (was €42,077)
of which Furniture and vehicles: -€37,069
- Trade debts -€70,189
down €70,189 (-94.6%), from €74,158 to €3,970
- Current portion of long-term debt -€35,738
no longer reported in 2025 (was €35,738)
- Other debts +€28,717
up €28,717, from €0 to €28,717
- Profit (loss) carried forward -€26,066
down €26,066, from €3,376 to -€22,691
- Advances received -€16,000
no longer reported in 2025 (was €16,000)
- Gross operating margin -€60,959
down €60,959 (-33.0%), from €184,799 to €123,840
- Staff costs -€40,203
down €40,203 (-33.1%), from €121,507 to €81,304
- Other operating charges +€18,460
up €18,460 (+242%), from €7,630 to €26,090
- Depreciation -€15,184
no longer reported in 2025 (was €15,184)
- Financial charges -€2,103
down €2,103 (-50.8%), from €4,140 to €2,037
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 | €193,740 | €55,485 | -€138,256 | -71.4% |
| Fixed assets | 21/28 | €43,515 | €1,438 | -€42,077 | -96.7% |
| Tangible fixed assets | 22/27 | €42,077 | - | -€42,077 | |
| Furniture and vehicles | 24 | €37,069 | - | -€37,069 | |
| Leasing and similar rights | 25 | €5,009 | - | -€5,009 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,438 | €1,438 | = | 0.0% |
| Current assets | 29/58 | €150,225 | €54,047 | -€96,178 | -64.0% |
| Amounts receivable within one year | 40/41 | €146,131 | €52,771 | -€93,361 | -63.9% |
| Trade receivables | 40 | €64,610 | €43,411 | -€21,199 | -32.8% |
| Other amounts receivable | 41 | €81,521 | €9,360 | -€72,161 | -88.5% |
| Cash at bank and in hand | 54/58 | €2,970 | €1,276 | -€1,693 | -57.0% |
| Deferred charges and accrued income | 490/1 | €1,124 | - | -€1,124 | |
| Total equity and liabilities | 10/49 | €193,740 | €55,485 | -€138,256 | -71.4% |
| Equity | 10/15 | €37,823 | €11,757 | -€26,066 | -68.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,847 | €15,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,847 | €15,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,376 | -€22,691 | -€26,066 | |
| Amounts payable | 17/49 | €155,917 | €43,728 | -€112,189 | -72.0% |
| Amounts payable after more than one year | 17 | €5,198 | - | -€5,198 | |
| Financial debts | 170/4 | €5,198 | - | -€5,198 | |
| Amounts payable within one year | 42/48 | €150,719 | €43,728 | -€106,991 | -71.0% |
| Current portion of amounts payable after more than one year | 42 | €35,738 | - | -€35,738 | |
| Trade debts | 44 | €74,158 | €3,970 | -€70,189 | -94.6% |
| Suppliers | 440/4 | €74,158 | €3,970 | -€70,189 | -94.6% |
| Advances received on contracts in progress | 46 | €16,000 | - | -€16,000 | |
| Taxes, remuneration and social security | 45 | €24,823 | €11,042 | -€13,781 | -55.5% |
| Taxes | 450/3 | €612 | €4,528 | +€3,917 | +640% |
| Remuneration and social security | 454/9 | €24,211 | €6,514 | -€17,698 | -73.1% |
| Other amounts payable | 47/48 | €0 | €28,717 | +€28,717 | |
| Remuneration, social security and pensions | 62 | €121,507 | €81,304 | -€40,203 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,184 | - | -€15,184 | |
| Other operating charges | 640/8 | €7,630 | €26,090 | +€18,460 | +242% |
| Non-recurring operating charges | 66A | €26,090 | €40,507 | +€14,417 | +55.3% |
| Gross operating margin | 9900 | €184,799 | €123,840 | -€60,959 | -33.0% |
| Operating profit (loss) | 9901 | €14,388 | -€24,062 | -€38,450 | |
| Financial income | 75/76B | €427 | €32 | -€394 | -92.4% |
| Recurring financial income | 75 | €427 | €32 | -€394 | -92.4% |
| Financial charges | 65/66B | €4,140 | €2,037 | -€2,103 | -50.8% |
| Recurring financial charges | 65 | €4,140 | €2,037 | -€2,103 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €10,675 | -€26,066 | -€36,741 | |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | €10,667 | -€26,066 | -€36,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,667 | -€26,066 | -€36,734 |
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 26 October 2026 via checked.be.