AIR DE MER: what changed
What changed
AIR DE MER
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
€20,496
2024 · €2,294+€18,203
Equity
€130,283
2024 · €109,787+€20,496
Cash
€52,154
2024 · €49,309+€2,845
Balance sheet total
€820,679
2024 · €901,434-€80,755
Largest movements
Assets
- Tangible fixed assets -€95,503
down €95,503 (-11.5%), from €831,756 to €736,253
of which Land and buildings: -€91,700
- Receivables within one year +€11,712
up €11,712 (+61.5%), from €19,044 to €30,756
Equity and liabilities
- Debts after one year -€67,086
down €67,086 (-12.2%), from €549,093 to €482,007
- Trade debts -€20,882
down €20,882 (-91.1%), from €22,931 to €2,049
- Profit (loss) carried forward +€20,496
up €20,496 (+98.9%), from -€20,724 to -€227
- Current portion of long-term debt -€15,783
down €15,783 (-18.6%), from €85,030 to €69,247
Income statement
- Gross operating margin +€25,580
up €25,580 (+18.3%), from €139,481 to €165,061
- Other operating charges +€6,388
up €6,388 (+42.3%), from €15,115 to €21,503
- Financial charges +€1,906
up €1,906 (+7.4%), from €25,930 to €27,836
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,294
Gross operating margin
+€25,580
Depreciation
+€639
Other operating charges
-€6,388
Financial income
+€278
Financial charges
-€1,906
Result 2025
€20,496
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€85,713
Investment
€0
Financing
-€82,869
Cash 2024
€49,309
From operations (derived)
+€85,713
Net result for the year
+€20,496
Depreciation
+€95,503
Receivables within one year
-€11,712
Deferred charges and accrued income
-€192
Trade debts
-€20,882
Other debts
+€2,986
Accrued charges and deferred income
-€488
Financing
-€82,869
Debts after one year
-€67,086
Current portion of long-term debt
-€15,783
Cash 2025
€52,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,434 | €820,679 | -€80,755 | -9.0% |
| Fixed assets | 21/28 | €832,281 | €736,778 | -€95,503 | -11.5% |
| Tangible fixed assets | 22/27 | €831,756 | €736,253 | -€95,503 | -11.5% |
| Land and buildings | 22 | €816,520 | €724,820 | -€91,700 | -11.2% |
| Plant, machinery and equipment | 23 | €11,039 | €8,364 | -€2,676 | -24.2% |
| Furniture and vehicles | 24 | €4,197 | €3,069 | -€1,128 | -26.9% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €69,153 | €83,901 | +€14,748 | +21.3% |
| Amounts receivable within one year | 40/41 | €19,044 | €30,756 | +€11,712 | +61.5% |
| Other amounts receivable | 41 | €19,044 | €30,756 | +€11,712 | +61.5% |
| Cash at bank and in hand | 54/58 | €49,309 | €52,154 | +€2,845 | +5.8% |
| Deferred charges and accrued income | 490/1 | €799 | €991 | +€192 | +24.0% |
| Total equity and liabilities | 10/49 | €901,434 | €820,679 | -€80,755 | -9.0% |
| Equity | 10/15 | €109,787 | €130,283 | +€20,496 | +18.7% |
| Contributions | 10/11 | €88,200 | €88,200 | = | 0.0% |
| Reserves | 13 | €42,310 | €42,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,450 | €40,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,724 | -€227 | +€20,496 | +98.9% |
| Amounts payable | 17/49 | €791,648 | €690,396 | -€101,251 | -12.8% |
| Amounts payable after more than one year | 17 | €549,093 | €482,007 | -€67,086 | -12.2% |
| Financial debts | 170/4 | €549,093 | €482,007 | -€67,086 | -12.2% |
| Amounts payable within one year | 42/48 | €234,582 | €200,904 | -€33,678 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €85,030 | €69,247 | -€15,783 | -18.6% |
| Trade debts | 44 | €22,931 | €2,049 | -€20,882 | -91.1% |
| Suppliers | 440/4 | €22,931 | €2,049 | -€20,882 | -91.1% |
| Other amounts payable | 47/48 | €126,621 | €129,608 | +€2,986 | +2.4% |
| Accrued charges and deferred income | 492/3 | €7,972 | €7,485 | -€488 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,142 | €95,503 | -€639 | -0.7% |
| Other operating charges | 640/8 | €15,115 | €21,503 | +€6,388 | +42.3% |
| Gross operating margin | 9900 | €139,481 | €165,061 | +€25,580 | +18.3% |
| Operating profit (loss) | 9901 | €28,223 | €48,055 | +€19,831 | +70.3% |
| Financial income | 75/76B | €0 | €278 | +€278 | +95,714% |
| Recurring financial income | 75 | €0 | €278 | +€278 | +95,714% |
| Financial charges | 65/66B | €25,930 | €27,836 | +€1,906 | +7.4% |
| Recurring financial charges | 65 | €25,930 | €27,836 | +€1,906 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €2,294 | €20,496 | +€18,203 | +794% |
| Profit (loss) for the period | 9904 | €2,294 | €20,496 | +€18,203 | +794% |
| Profit (loss) for the period to be appropriated | 9905 | €2,294 | €20,496 | +€18,203 | +794% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.