Air Harald: 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 Harald
Largest movements
- Cash -€20,202
down €20,202 (-71.2%), from €28,385 to €8,183
mainly Net result for the year (-€21,634) and Contributions, distributions and other (-€8,774)
- Receivables within one year -€9,434
down €9,434 (-41.9%), from €22,533 to €13,099
of which Trade receivables: -€7,783
- Tangible fixed assets -€6,836
down €6,836 (-63.5%), from €10,764 to €3,928
of which Furniture and vehicles: -€6,336
- Deferred charges and accrued income -€1,100
down €1,100 (-21.6%), from €5,100 to €4,000
- Profit (loss) carried forward -€21,634
down €21,634, from €0 to -€21,634
- Reserves -€8,774
down €8,774 (-16.5%), from €53,056 to €44,282
- Tax, wage and social debts -€5,083
down €5,083 (-77.4%), from €6,569 to €1,486
of which Remuneration and social security: -€2,650
- Trade debts -€1,857
down €1,857 (-63.3%), from €2,934 to €1,077
- Gross operating margin -€32,059
down €32,059, from €19,130 to -€12,929
- Depreciation -€4,574
down €4,574 (-38.4%), from €11,921 to €7,347
- Taxes -€2,721
down €2,721 (-92.6%), from €2,940 to €219
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 | €66,782 | €29,210 | -€37,571 | -56.3% |
| Fixed assets | 21/28 | €10,764 | €3,928 | -€6,836 | -63.5% |
| Tangible fixed assets | 22/27 | €10,764 | €3,928 | -€6,836 | -63.5% |
| Plant, machinery and equipment | 23 | €1,932 | €1,432 | -€500 | -25.9% |
| Furniture and vehicles | 24 | €8,832 | €2,497 | -€6,336 | -71.7% |
| Current assets | 29/58 | €56,018 | €25,282 | -€30,736 | -54.9% |
| Amounts receivable within one year | 40/41 | €22,533 | €13,099 | -€9,434 | -41.9% |
| Trade receivables | 40 | €12,633 | €4,849 | -€7,783 | -61.6% |
| Other amounts receivable | 41 | €9,901 | €8,250 | -€1,651 | -16.7% |
| Cash at bank and in hand | 54/58 | €28,385 | €8,183 | -€20,202 | -71.2% |
| Deferred charges and accrued income | 490/1 | €5,100 | €4,000 | -€1,100 | -21.6% |
| Total equity and liabilities | 10/49 | €66,782 | €29,210 | -€37,571 | -56.3% |
| Equity | 10/15 | €57,056 | €26,648 | -€30,408 | -53.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €53,056 | €44,282 | -€8,774 | -16.5% |
| Distributable reserves | 133 | €53,056 | €44,282 | -€8,774 | -16.5% |
| Profit (loss) carried forward | 14 | €0 | -€21,634 | -€21,634 | |
| Amounts payable | 17/49 | €9,725 | €2,562 | -€7,163 | -73.7% |
| Amounts payable within one year | 42/48 | €9,503 | €2,562 | -€6,941 | -73.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,934 | €1,077 | -€1,857 | -63.3% |
| Suppliers | 440/4 | €2,934 | €1,077 | -€1,857 | -63.3% |
| Taxes, remuneration and social security | 45 | €6,569 | €1,486 | -€5,083 | -77.4% |
| Taxes | 450/3 | €3,919 | €1,486 | -€2,433 | -62.1% |
| Remuneration and social security | 454/9 | €2,650 | €0 | -€2,650 | -100% |
| Accrued charges and deferred income | 492/3 | €222 | €0 | -€222 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,921 | €7,347 | -€4,574 | -38.4% |
| Other operating charges | 640/8 | €1,473 | €1,454 | -€19 | -1.3% |
| Gross operating margin | 9900 | €19,130 | -€12,929 | -€32,059 | |
| Operating profit (loss) | 9901 | €5,735 | -€21,731 | -€27,466 | |
| Financial income | 75/76B | €584 | €414 | -€170 | -29.2% |
| Recurring financial income | 75 | €584 | €414 | -€170 | -29.2% |
| Financial charges | 65/66B | €209 | €99 | -€110 | -52.8% |
| Recurring financial charges | 65 | €209 | €99 | -€110 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €6,110 | -€21,415 | -€27,526 | |
| Income taxes | 67/77 | €2,940 | €219 | -€2,721 | -92.6% |
| Profit (loss) for the period | 9904 | €3,171 | -€21,634 | -€24,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,171 | -€21,634 | -€24,805 |
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 27 October 2026 via checked.be.