AIR BE PLUS: 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 BE PLUS
Largest movements
- Receivables within one year +€72,593
up €72,593 (+57.3%), from €126,599 to €199,191
of which Trade receivables: +€72,273
- Stocks and contracts +€35,192
up €35,192 (+59.9%), from €58,750 to €93,942
of which Contracts in progress: +€36,000
- Tangible fixed assets +€28,944
up €28,944 (+119%), from €24,294 to €53,238
of which Furniture and vehicles: +€28,515
- Deferred charges and accrued income +€9,419
up €9,419 (+1,401%), from €672 to €10,092
- Cash +€3,935
up €3,935 (+45.2%), from €8,708 to €12,643
mainly Net result for the year (+€71,670) and Debts after one year (+€31,898)
- Profit (loss) carried forward +€71,670
up €71,670 (+4,213%), from €1,701 to €73,371
- Debts after one year +€31,898
new in 2025: €31,898
- Tax, wage and social debts +€19,386
up €19,386 (+195%), from €9,962 to €29,348
of which Remuneration and social security: +€22,158
- Trade debts +€16,357
up €16,357 (+43.6%), from €37,557 to €53,913
of which Suppliers: +€11,769
- Current portion of long-term debt +€11,467
new in 2025: €11,467
- Gross operating margin +€115,419
up €115,419 (+30.1%), from €383,768 to €499,187
- Staff costs +€71,113
up €71,113 (+23.1%), from €307,570 to €378,683
- Other operating charges +€12,272
up €12,272 (+84.8%), from €14,466 to €26,738
- Depreciation +€10,231
up €10,231 (+215%), from €4,764 to €14,995
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 | €222,952 | €373,729 | +€150,778 | +67.6% |
| Fixed assets | 21/28 | €28,223 | €57,861 | +€29,638 | +105% |
| Intangible fixed assets | 21 | €928 | €1,622 | +€694 | +74.7% |
| Tangible fixed assets | 22/27 | €24,294 | €53,238 | +€28,944 | +119% |
| Plant, machinery and equipment | 23 | €4,041 | €4,470 | +€429 | +10.6% |
| Furniture and vehicles | 24 | €20,253 | €48,768 | +€28,515 | +141% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €194,729 | €315,868 | +€121,140 | +62.2% |
| Stocks and contracts in progress | 3 | €58,750 | €93,942 | +€35,192 | +59.9% |
| Stocks | 30/36 | €58,750 | €57,942 | -€808 | -1.4% |
| Contracts in progress | 37 | - | €36,000 | +€36,000 | |
| Amounts receivable within one year | 40/41 | €126,599 | €199,191 | +€72,593 | +57.3% |
| Trade receivables | 40 | €100,533 | €172,806 | +€72,273 | +71.9% |
| Other amounts receivable | 41 | €26,066 | €26,386 | +€319 | +1.2% |
| Cash at bank and in hand | 54/58 | €8,708 | €12,643 | +€3,935 | +45.2% |
| Deferred charges and accrued income | 490/1 | €672 | €10,092 | +€9,419 | +1,401% |
| Total equity and liabilities | 10/49 | €222,952 | €373,729 | +€150,778 | +67.6% |
| Equity | 10/15 | €174,848 | €246,518 | +€71,670 | +41.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €153,147 | €153,147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €151,147 | €153,147 | +€2,000 | +1.3% |
| Profit (loss) carried forward | 14 | €1,701 | €73,371 | +€71,670 | +4,213% |
| Amounts payable | 17/49 | €48,103 | €127,211 | +€79,108 | +164% |
| Amounts payable after more than one year | 17 | - | €31,898 | +€31,898 | |
| Financial debts | 170/4 | - | €31,898 | +€31,898 | |
| Amounts payable within one year | 42/48 | €48,103 | €95,313 | +€47,210 | +98.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,467 | +€11,467 | |
| Trade debts | 44 | €37,557 | €53,913 | +€16,357 | +43.6% |
| Suppliers | 440/4 | €37,557 | €49,325 | +€11,769 | +31.3% |
| Bills of exchange payable | 441 | - | €4,588 | +€4,588 | |
| Taxes, remuneration and social security | 45 | €9,962 | €29,348 | +€19,386 | +195% |
| Taxes | 450/3 | €9,962 | €7,190 | -€2,773 | -27.8% |
| Remuneration and social security | 454/9 | - | €22,158 | +€22,158 | |
| Other amounts payable | 47/48 | €585 | €585 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €307,570 | €378,683 | +€71,113 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,764 | €14,995 | +€10,231 | +215% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,839 | €31 | -€1,808 | -98.3% |
| Other operating charges | 640/8 | €14,466 | €26,738 | +€12,272 | +84.8% |
| Gross operating margin | 9900 | €383,768 | €499,187 | +€115,419 | +30.1% |
| Operating profit (loss) | 9901 | €55,130 | €78,740 | +€23,611 | +42.8% |
| Financial income | 75/76B | €614 | €1,156 | +€542 | +88.4% |
| Recurring financial income | 75 | €614 | €1,156 | +€542 | +88.4% |
| Financial charges | 65/66B | €3,974 | €7,752 | +€3,778 | +95.1% |
| Recurring financial charges | 65 | €3,974 | €7,752 | +€3,778 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €51,769 | €72,144 | +€20,375 | +39.4% |
| Income taxes | 67/77 | €5,272 | €474 | -€4,798 | -91.0% |
| Profit (loss) for the period | 9904 | €46,497 | €71,670 | +€25,173 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,497 | €71,670 | +€25,173 | +54.1% |
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 16 October 2026 via checked.be.