AIR LOGISTICS: 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.
What changed
AIR LOGISTICS
NACE 52.230, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€197,010
2024 · €50,262+€146,747
Equity
€2.8m
2024 · €2.6m+€197,010
Cash
€399,100
2024 · €418,875-€19,775
Balance sheet total
€4.3m
2024 · €4.8m-€498,900
Largest movements
Assets
- Receivables within one year -€484,674
down €484,674 (-11.1%), from €4.3m to €3.9m
of which Other amounts receivable: -€352,616
Equity and liabilities
- Trade debts -€754,460
down €754,460 (-36.8%), from €2.0m to €1.3m
- Profit (loss) carried forward +€197,010
up €197,010 (+7.6%), from €2.6m to €2.8m
- Accrued charges and deferred income +€101,299
new in 2025: €101,299
Income statement
- Gross operating margin +€164,907
up €164,907 (+22.5%), from €733,161 to €898,069
- Taxes +€48,452
up €48,452 (+235%), from €20,656 to €69,108
- Staff costs +€29,660
up €29,660 (+4.6%), from €642,403 to €672,063
- Other operating charges -€29,255
down €29,255 (-93.2%), from €31,389 to €2,134
- Financial charges -€22,825
down €22,825 (-30.0%), from €75,980 to €53,155
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.
Result 2024
€50,262
Gross operating margin
+€164,907
Staff costs
-€29,660
Depreciation
+€1,263
Write-downs
+€9,381
Other operating charges
+€29,255
Other operating items
-€1,256
Financial income
-€1,516
Financial charges
+€22,825
Taxes
-€48,452
Result 2025
€197,010
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€18,289
Investment
-€1,486
Financing
€0
Cash 2024
€418,875
From operations (derived)
-€18,289
Net result for the year
+€197,010
Depreciation
+€2,355
Receivables within one year
+€484,674
Deferred charges and accrued income
-€6,418
Trade debts
-€754,460
Tax, wage and social debts
-€42,748
Accrued charges and deferred income
+€101,299
Investment (derived)
-€1,486
Investment in fixed assets (net)
-€1,486
Cash 2025
€399,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,780,780 | €4,281,880 | -€498,900 | -10.4% |
| Fixed assets | 21/28 | €13,591 | €12,722 | -€869 | -6.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,453 | €2,584 | -€869 | -25.2% |
| Plant, machinery and equipment | 23 | €604 | €1,050 | +€446 | +73.8% |
| Furniture and vehicles | 24 | €2,849 | €1,534 | -€1,315 | -46.2% |
| Financial fixed assets | 28 | €10,138 | €10,138 | = | 0.0% |
| Current assets | 29/58 | €4,767,189 | €4,269,158 | -€498,031 | -10.4% |
| Amounts receivable within one year | 40/41 | €4,347,167 | €3,862,493 | -€484,674 | -11.1% |
| Trade receivables | 40 | €1,245,329 | €1,113,272 | -€132,058 | -10.6% |
| Other amounts receivable | 41 | €3,101,837 | €2,749,221 | -€352,616 | -11.4% |
| Cash at bank and in hand | 54/58 | €418,875 | €399,100 | -€19,775 | -4.7% |
| Deferred charges and accrued income | 490/1 | €1,148 | €7,566 | +€6,418 | +559% |
| Total equity and liabilities | 10/49 | €4,780,780 | €4,281,880 | -€498,900 | -10.4% |
| Equity | 10/15 | €2,616,720 | €2,813,729 | +€197,010 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,596,260 | €2,793,269 | +€197,010 | +7.6% |
| Amounts payable | 17/49 | €2,164,060 | €1,468,151 | -€695,909 | -32.2% |
| Amounts payable within one year | 42/48 | €2,164,060 | €1,366,852 | -€797,208 | -36.8% |
| Trade debts | 44 | €2,049,495 | €1,295,034 | -€754,460 | -36.8% |
| Suppliers | 440/4 | €2,049,495 | €1,295,034 | -€754,460 | -36.8% |
| Taxes, remuneration and social security | 45 | €114,566 | €71,818 | -€42,748 | -37.3% |
| Taxes | 450/3 | €26,131 | €2,283 | -€23,848 | -91.3% |
| Remuneration and social security | 454/9 | €88,434 | €69,535 | -€18,900 | -21.4% |
| Accrued charges and deferred income | 492/3 | - | €101,299 | +€101,299 | |
| Non-recurring operating income | 76A | €7,060 | €264 | -€6,796 | -96.3% |
| Remuneration, social security and pensions | 62 | €642,403 | €672,063 | +€29,660 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,618 | €2,355 | -€1,263 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,381 | €0 | -€9,381 | -100% |
| Other operating charges | 640/8 | €31,389 | €2,134 | -€29,255 | -93.2% |
| Non-recurring operating charges | 66A | €207 | €1,463 | +€1,256 | +608% |
| Gross operating margin | 9900 | €733,161 | €898,069 | +€164,907 | +22.5% |
| Operating profit (loss) | 9901 | €46,164 | €220,054 | +€173,890 | +377% |
| Financial income | 75/76B | €100,735 | €99,219 | -€1,516 | -1.5% |
| Recurring financial income | 75 | €100,735 | €99,219 | -€1,516 | -1.5% |
| Financial charges | 65/66B | €75,980 | €53,155 | -€22,825 | -30.0% |
| Recurring financial charges | 65 | €75,980 | €53,155 | -€22,825 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €70,918 | €266,118 | +€195,199 | +275% |
| Income taxes | 67/77 | €20,656 | €69,108 | +€48,452 | +235% |
| Profit (loss) for the period | 9904 | €50,262 | €197,010 | +€146,747 | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €50,262 | €197,010 | +€146,747 | +292% |
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 14 October 2026 via checked.be.