AIR AGREED: 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.
AIR AGREED
Largest movements
- Tangible fixed assets -€29,160
down €29,160 (-6.9%), from €422,327 to €393,168
- Cash -€7,170
down €7,170 (-10.9%), from €65,994 to €58,824
mainly Debts after one year (-€44,111) and Contributions, distributions and other (-€35,000)
- Debts after one year -€44,111
down €44,111 (-19.1%), from €231,366 to €187,255
- Reserves -€35,000
down €35,000 (-77.8%), from €44,960 to €9,960
of which Non-distributable reserves: -€35,000
- Other debts +€35,000
new in 2025: €35,000
- Profit (loss) carried forward +€6,944
up €6,944 (+6.6%), from €105,584 to €112,528
- Gross operating margin -€5,272
down €5,272 (-12.6%), from €41,696 to €36,424
- Turnover -€2,749
down €2,749 (-4.3%), from €64,663 to €61,914
- Financial charges -€940
down €940 (-11.7%), from €8,044 to €7,104
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 | €488,321 | €454,290 | -€34,031 | -7.0% |
| Fixed assets | 21/28 | €422,327 | €393,168 | -€29,160 | -6.9% |
| Tangible fixed assets | 22/27 | €422,327 | €393,168 | -€29,160 | -6.9% |
| Land and buildings | 22 | €390,715 | €379,816 | -€10,900 | -2.8% |
| Plant, machinery and equipment | 23 | €7,075 | €4,970 | -€2,105 | -29.8% |
| Furniture and vehicles | 24 | €9,184 | €2,331 | -€6,854 | -74.6% |
| Other tangible fixed assets | 26 | €15,352 | €6,051 | -€9,301 | -60.6% |
| Current assets | 29/58 | €65,994 | €61,123 | -€4,871 | -7.4% |
| Amounts receivable within one year | 40/41 | - | €2,299 | +€2,299 | |
| Trade receivables | 40 | - | €2,299 | +€2,299 | |
| Cash at bank and in hand | 54/58 | €65,994 | €58,824 | -€7,170 | -10.9% |
| Total equity and liabilities | 10/49 | €488,321 | €454,290 | -€34,031 | -7.0% |
| Equity | 10/15 | €250,144 | €222,088 | -€28,056 | -11.2% |
| Contributions | 10/11 | €99,600 | €99,600 | = | 0.0% |
| Reserves | 13 | €44,960 | €9,960 | -€35,000 | -77.8% |
| Non-distributable reserves | 130/1 | €35,000 | €0 | -€35,000 | -100% |
| Other | 1319 | €35,000 | €0 | -€35,000 | -100% |
| Distributable reserves | 133 | €9,960 | €9,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,584 | €112,528 | +€6,944 | +6.6% |
| Amounts payable | 17/49 | €238,177 | €232,202 | -€5,975 | -2.5% |
| Amounts payable after more than one year | 17 | €231,366 | €187,255 | -€44,111 | -19.1% |
| Financial debts | 170/4 | €231,366 | €187,255 | -€44,111 | -19.1% |
| Amounts payable within one year | 42/48 | €3,777 | €39,463 | +€35,686 | +945% |
| Trade debts | 44 | - | €310 | +€310 | |
| Suppliers | 440/4 | - | €310 | +€310 | |
| Taxes, remuneration and social security | 45 | €3,777 | €4,153 | +€376 | +10.0% |
| Taxes | 450/3 | €3,777 | €4,153 | +€376 | +10.0% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Accrued charges and deferred income | 492/3 | €3,034 | €5,485 | +€2,451 | +80.8% |
| Turnover | 70 | €64,663 | €61,914 | -€2,749 | -4.3% |
| Non-recurring operating income | 76A | €2,282 | - | -€2,282 | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,250 | €25,490 | +€240 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,349 | €16,313 | -€36 | -0.2% |
| Other operating charges | 640/8 | €2,245 | €2,203 | -€42 | -1.9% |
| Gross operating margin | 9900 | €41,696 | €36,424 | -€5,272 | -12.6% |
| Operating profit (loss) | 9901 | €23,102 | €17,908 | -€5,194 | -22.5% |
| Financial charges | 65/66B | €8,044 | €7,104 | -€940 | -11.7% |
| Recurring financial charges | 65 | €8,044 | €7,104 | -€940 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €15,058 | €10,804 | -€4,254 | -28.3% |
| Income taxes | 67/77 | €3,646 | €3,860 | +€214 | +5.9% |
| Profit (loss) for the period | 9904 | €11,412 | €6,944 | -€4,468 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,412 | €6,944 | -€4,468 | -39.2% |
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 29 October 2026 via checked.be.