AIR-ECO: 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-ECO
Largest movements
- Stocks and contracts +€12,206
up €12,206 (+35.8%), from €34,082 to €46,289
of which Stocks: +€14,046
- Cash -€4,811
down €4,811 (-13.8%), from €34,921 to €30,110
mainly Contributions, distributions and other (-€81,873) and Current portion of long-term debt (-€13,315)
- Other debts +€76,404
up €76,404 (+11,449%), from €667 to €77,072
- Reserves -€52,510
down €52,510 (-37.0%), from €141,800 to €89,290
- Current portion of long-term debt -€13,315
no longer reported in 2025 (was €13,315)
- Tax, wage and social debts -€6,873
down €6,873 (-40.0%), from €17,169 to €10,296
- Trade debts +€3,911
up €3,911 (+7.8%), from €50,341 to €54,252
- Gross operating margin -€40,340
down €40,340 (-46.4%), from €86,853 to €46,513
- Taxes -€14,960
down €14,960 (-54.1%), from €27,672 to €12,713
- Financial income -€1,648
down €1,648 (-81.6%), from €2,018 to €370
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 | €230,301 | €238,069 | +€7,768 | +3.4% |
| Fixed assets | 21/28 | €7,012 | €5,974 | -€1,039 | -14.8% |
| Tangible fixed assets | 22/27 | €6,937 | €5,899 | -€1,039 | -15.0% |
| Land and buildings | 22 | €5,844 | €4,178 | -€1,666 | -28.5% |
| Plant, machinery and equipment | 23 | €1,093 | €1,721 | +€627 | +57.4% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €223,288 | €232,095 | +€8,807 | +3.9% |
| Amounts receivable after more than one year | 29 | €41,637 | €41,637 | = | 0.0% |
| Trade receivables | 290 | - | €41,637 | +€41,637 | |
| Other amounts receivable | 291 | €41,637 | - | -€41,637 | |
| Stocks and contracts in progress | 3 | €34,082 | €46,289 | +€12,206 | +35.8% |
| Stocks | 30/36 | €22,022 | €36,068 | +€14,046 | +63.8% |
| Contracts in progress | 37 | €12,060 | €10,221 | -€1,839 | -15.3% |
| Amounts receivable within one year | 40/41 | €111,090 | €110,735 | -€355 | -0.3% |
| Trade receivables | 40 | €26,477 | €22,575 | -€3,902 | -14.7% |
| Other amounts receivable | 41 | €84,613 | €88,161 | +€3,547 | +4.2% |
| Cash at bank and in hand | 54/58 | €34,921 | €30,110 | -€4,811 | -13.8% |
| Deferred charges and accrued income | 490/1 | €1,558 | €3,324 | +€1,766 | +113% |
| Total equity and liabilities | 10/49 | €230,301 | €238,069 | +€7,768 | +3.4% |
| Equity | 10/15 | €148,800 | €96,290 | -€52,510 | -35.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €141,800 | €89,290 | -€52,510 | -37.0% |
| Distributable reserves | 133 | €141,800 | €89,290 | -€52,510 | -37.0% |
| Amounts payable | 17/49 | €81,500 | €141,779 | +€60,279 | +74.0% |
| Amounts payable within one year | 42/48 | €81,500 | €141,779 | +€60,279 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €13,315 | - | -€13,315 | |
| Financial debts | 43 | €8 | €159 | +€152 | +1,944% |
| Credit institutions | 430/8 | €8 | €159 | +€152 | +1,944% |
| Trade debts | 44 | €50,341 | €54,252 | +€3,911 | +7.8% |
| Suppliers | 440/4 | €50,341 | €54,252 | +€3,911 | +7.8% |
| Taxes, remuneration and social security | 45 | €17,169 | €10,296 | -€6,873 | -40.0% |
| Taxes | 450/3 | €17,169 | €10,296 | -€6,873 | -40.0% |
| Other amounts payable | 47/48 | €667 | €77,072 | +€76,404 | +11,449% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,968 | €2,138 | +€170 | +8.6% |
| Other operating charges | 640/8 | €2,433 | €1,702 | -€731 | -30.1% |
| Gross operating margin | 9900 | €86,853 | €46,513 | -€40,340 | -46.4% |
| Operating profit (loss) | 9901 | €82,452 | €42,674 | -€39,779 | -48.2% |
| Financial income | 75/76B | €2,018 | €370 | -€1,648 | -81.6% |
| Recurring financial income | 75 | €2,018 | €370 | -€1,648 | -81.6% |
| Financial charges | 65/66B | €1,456 | €969 | -€487 | -33.4% |
| Recurring financial charges | 65 | €1,456 | €969 | -€487 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €83,015 | €42,075 | -€40,940 | -49.3% |
| Income taxes | 67/77 | €27,672 | €12,713 | -€14,960 | -54.1% |
| Profit (loss) for the period | 9904 | €55,342 | €29,363 | -€25,980 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,342 | €29,363 | -€25,980 | -46.9% |
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 31 October 2026 via checked.be.