AIR EVOLUTION: what changed
Two fiscal 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 EVOLUTION
Largest movements
- Tangible fixed assets -€112,174
down €112,174 (-7.7%), from €1.5m to €1.3m
of which Leasing and similar rights: -€86,498
- Receivables within one year -€51,391
down €51,391 (-9.7%), from €529,397 to €478,006
of which Trade receivables: -€53,653
- Trade debts -€158,833
down €158,833 (-66.0%), from €240,809 to €81,976
- Debts after one year -€92,936
down €92,936 (-7.7%), from €1.2m to €1.1m
- Tax, wage and social debts +€83,721
new in 2025: €83,721
of which Remuneration and social security: +€78,047
- Profit (loss) carried forward +€23,497
up €23,497 (+6.0%), from €391,711 to €415,208
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Purchases and services -€901,747
no longer reported in 2025 (was €901,747)
- Gross operating margin +€167,455
up €167,455 (+39.7%), from €421,581 to €589,036
- Staff costs -€45,832
down €45,832 (-10.6%), from €430,709 to €384,877
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.
Cash bridge derived
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 | €2,060,333 | €1,912,112 | -€148,221 | -7.2% |
| Fixed assets | 21/28 | €1,452,675 | €1,340,501 | -€112,174 | -7.7% |
| Tangible fixed assets | 22/27 | €1,452,462 | €1,340,288 | -€112,174 | -7.7% |
| Land and buildings | 22 | €7,633 | €5,704 | -€1,929 | -25.3% |
| Plant, machinery and equipment | 23 | €132,498 | €114,738 | -€17,761 | -13.4% |
| Furniture and vehicles | 24 | €8,087 | €2,100 | -€5,986 | -74.0% |
| Leasing and similar rights | 25 | €1,304,243 | €1,217,745 | -€86,498 | -6.6% |
| Financial fixed assets | 28 | €214 | €214 | = | 0.0% |
| Current assets | 29/58 | €607,658 | €571,611 | -€36,047 | -5.9% |
| Stocks and contracts in progress | 3 | €60,552 | €76,052 | +€15,500 | +25.6% |
| Stocks | 30/36 | €60,552 | €76,052 | +€15,500 | +25.6% |
| Amounts receivable within one year | 40/41 | €529,397 | €478,006 | -€51,391 | -9.7% |
| Trade receivables | 40 | €349,344 | €295,690 | -€53,653 | -15.4% |
| Other amounts receivable | 41 | €180,053 | €182,316 | +€2,262 | +1.3% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,427 | €12,553 | +€126 | +1.0% |
| Deferred charges and accrued income | 490/1 | €282 | - | -€282 | |
| Total equity and liabilities | 10/49 | €2,060,333 | €1,912,112 | -€148,221 | -7.2% |
| Equity | 10/15 | €527,171 | €550,668 | +€23,497 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,860 | €116,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,711 | €415,208 | +€23,497 | +6.0% |
| Amounts payable | 17/49 | €1,533,163 | €1,361,444 | -€171,718 | -11.2% |
| Amounts payable after more than one year | 17 | €1,206,772 | €1,113,836 | -€92,936 | -7.7% |
| Financial debts | 170/4 | €1,206,772 | €1,113,836 | -€92,936 | -7.7% |
| Amounts payable within one year | 42/48 | €326,390 | €247,608 | -€78,782 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €85,581 | €81,910 | -€3,671 | -4.3% |
| Trade debts | 44 | €240,809 | €81,976 | -€158,833 | -66.0% |
| Suppliers | 440/4 | €240,809 | €81,976 | -€158,833 | -66.0% |
| Taxes, remuneration and social security | 45 | - | €83,721 | +€83,721 | |
| Taxes | 450/3 | - | €5,674 | +€5,674 | |
| Remuneration and social security | 454/9 | - | €78,047 | +€78,047 | |
| Other amounts payable | 47/48 | - | €1 | +€1 | |
| Turnover | 70 | €1,232,193 | - | -€1.2m | |
| Non-recurring operating income | 76A | - | €6,362 | +€6,362 | |
| Goods, raw materials, services and sundry goods | 60/61 | €901,747 | - | -€901,747 | |
| Remuneration, social security and pensions | 62 | €430,709 | €384,877 | -€45,832 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,928 | €112,174 | -€2,753 | -2.4% |
| Other operating charges | 640/8 | €5,951 | €2,949 | -€3,002 | -50.4% |
| Non-recurring operating charges | 66A | - | €3,876 | +€3,876 | |
| Gross operating margin | 9900 | €421,581 | €589,036 | +€167,455 | +39.7% |
| Operating profit (loss) | 9901 | -€130,006 | €85,160 | +€215,166 | |
| Financial income | 75/76B | €1,074 | €1,580 | +€505 | +47.0% |
| Recurring financial income | 75 | €1,074 | €1,580 | +€505 | +47.0% |
| Financial charges | 65/66B | €66,320 | €66,131 | -€189 | -0.3% |
| Recurring financial charges | 65 | €66,320 | €66,131 | -€189 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€195,252 | €20,608 | +€215,860 | |
| Income taxes | 67/77 | €2,158 | -€2,889 | -€5,047 | |
| Profit (loss) for the period | 9904 | -€197,409 | €23,497 | +€220,906 | |
| Profit (loss) for the period to be appropriated | 9905 | -€197,409 | €23,497 | +€220,906 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.