Air Developments: 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 Developments
Largest movements
- Cash -€95,517
down €95,517 (-72.0%), from €132,626 to €37,109
mainly Net result for the year (-€65,966) and Debts after one year (-€31,500)
- Stocks and contracts -€7,508
down €7,508 (-30.3%), from €24,785 to €17,277
- Receivables within one year -€5,661
down €5,661 (-14.3%), from €39,717 to €34,056
of which Trade receivables: -€4,936
- Financial fixed assets -€2,550
no longer reported in 2025 (was €2,550)
- Profit (loss) carried forward -€65,966
down €65,966 (-18.3%), from -€359,803 to -€425,769
- Debts after one year -€31,500
down €31,500 (-51.2%), from €61,500 to €30,000
- Current portion of long-term debt -€18,500
down €18,500 (-37.0%), from €50,000 to €31,500
- Staff costs -€56,771
no longer reported in 2025 (was €56,771)
- Gross operating margin -€42,827
down €42,827 (-271%), from -€15,804 to -€58,630
- Depreciation -€9,326
down €9,326 (-76.5%), from €12,184 to €2,858
- Financial charges -€1,942
down €1,942 (-33.5%), from €5,795 to €3,854
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 | €210,385 | €96,592 | -€113,794 | -54.1% |
| Fixed assets | 21/28 | €9,709 | €4,301 | -€5,408 | -55.7% |
| Intangible fixed assets | 21 | €5,508 | €3,646 | -€1,863 | -33.8% |
| Tangible fixed assets | 22/27 | €1,651 | €655 | -€996 | -60.3% |
| Furniture and vehicles | 24 | €1,651 | €655 | -€996 | -60.3% |
| Financial fixed assets | 28 | €2,550 | - | -€2,550 | |
| Current assets | 29/58 | €200,676 | €92,291 | -€108,385 | -54.0% |
| Stocks and contracts in progress | 3 | €24,785 | €17,277 | -€7,508 | -30.3% |
| Stocks | 30/36 | €24,785 | €17,277 | -€7,508 | -30.3% |
| Amounts receivable within one year | 40/41 | €39,717 | €34,056 | -€5,661 | -14.3% |
| Trade receivables | 40 | €33,121 | €28,185 | -€4,936 | -14.9% |
| Other amounts receivable | 41 | €6,596 | €5,870 | -€725 | -11.0% |
| Cash at bank and in hand | 54/58 | €132,626 | €37,109 | -€95,517 | -72.0% |
| Deferred charges and accrued income | 490/1 | €3,549 | €3,849 | +€300 | +8.5% |
| Total equity and liabilities | 10/49 | €210,385 | €96,592 | -€113,794 | -54.1% |
| Equity | 10/15 | €83,055 | €17,089 | -€65,966 | -79.4% |
| Contributions | 10/11 | €442,857 | €442,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359,803 | -€425,769 | -€65,966 | -18.3% |
| Amounts payable | 17/49 | €127,330 | €79,503 | -€47,827 | -37.6% |
| Amounts payable after more than one year | 17 | €61,500 | €30,000 | -€31,500 | -51.2% |
| Financial debts | 170/4 | €61,500 | €30,000 | -€31,500 | -51.2% |
| Amounts payable within one year | 42/48 | €64,533 | €47,965 | -€16,568 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €31,500 | -€18,500 | -37.0% |
| Trade debts | 44 | €14,219 | €15,758 | +€1,539 | +10.8% |
| Suppliers | 440/4 | €14,219 | €15,758 | +€1,539 | +10.8% |
| Taxes, remuneration and social security | 45 | €314 | €552 | +€237 | +75.5% |
| Taxes | 450/3 | €314 | €552 | +€237 | +75.5% |
| Other amounts payable | 47/48 | - | €156 | +€156 | |
| Accrued charges and deferred income | 492/3 | €1,297 | €1,538 | +€241 | +18.6% |
| Remuneration, social security and pensions | 62 | €56,771 | - | -€56,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,184 | €2,858 | -€9,326 | -76.5% |
| Other operating charges | 640/8 | €577 | €712 | +€135 | +23.3% |
| Non-recurring operating charges | 66A | €666 | - | -€666 | |
| Gross operating margin | 9900 | -€15,804 | -€58,630 | -€42,827 | -271% |
| Operating profit (loss) | 9901 | -€86,002 | -€62,200 | +€23,802 | +27.7% |
| Financial income | 75/76B | €84 | €264 | +€180 | +213% |
| Recurring financial income | 75 | €84 | €264 | +€180 | +213% |
| Financial charges | 65/66B | €5,795 | €3,854 | -€1,942 | -33.5% |
| Recurring financial charges | 65 | €5,795 | €3,854 | -€1,942 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€91,713 | -€65,790 | +€25,923 | +28.3% |
| Income taxes | 67/77 | €314 | €176 | -€138 | -43.9% |
| Profit (loss) for the period | 9904 | -€92,027 | -€65,966 | +€26,061 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,027 | -€65,966 | +€26,061 | +28.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.