AIR-MED: 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-MED
Largest movements
- Cash +€65,907
up €65,907 (+31.3%), from €210,453 to €276,360
mainly Depreciation (+€106,251) and Debts after one year (+€38,909)
- Receivables within one year +€9,539
up €9,539 (+131%), from €7,284 to €16,823
of which Trade receivables: +€5,882
- Stocks and contracts +€7,765
up €7,765 (+30.3%), from €25,620 to €33,385
- Debts after one year +€38,909
up €38,909 (+25.8%), from €150,686 to €189,595
- Profit (loss) carried forward +€34,626
up €34,626, from -€30,364 to €4,262
- Trade debts +€22,613
up €22,613 (+79.0%), from €28,639 to €51,252
- Current portion of long-term debt -€20,208
down €20,208 (-27.5%), from €73,391 to €53,184
- Tax, wage and social debts +€8,771
up €8,771 (+357%), from €2,457 to €11,227
of which Remuneration and social security: +€9,412
- Gross operating margin +€29,561
up €29,561 (+14.9%), from €199,063 to €228,624
- Depreciation -€12,485
down €12,485 (-10.5%), from €118,736 to €106,251
- Staff costs +€9,346
up €9,346 (+14.5%), from €64,371 to €73,718
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 | €586,227 | €666,711 | +€80,485 | +13.7% |
| Fixed assets | 21/28 | €342,424 | €338,439 | -€3,985 | -1.2% |
| Tangible fixed assets | 22/27 | €342,424 | €338,439 | -€3,985 | -1.2% |
| Plant, machinery and equipment | 23 | €276,233 | €279,987 | +€3,754 | +1.4% |
| Furniture and vehicles | 24 | €20,132 | €29,183 | +€9,052 | +45.0% |
| Other tangible fixed assets | 26 | €46,058 | €29,268 | -€16,790 | -36.5% |
| Current assets | 29/58 | €243,803 | €328,272 | +€84,469 | +34.6% |
| Stocks and contracts in progress | 3 | €25,620 | €33,385 | +€7,765 | +30.3% |
| Stocks | 30/36 | €25,620 | €33,385 | +€7,765 | +30.3% |
| Amounts receivable within one year | 40/41 | €7,284 | €16,823 | +€9,539 | +131% |
| Trade receivables | 40 | - | €5,882 | +€5,882 | |
| Other amounts receivable | 41 | €7,284 | €10,941 | +€3,657 | +50.2% |
| Cash at bank and in hand | 54/58 | €210,453 | €276,360 | +€65,907 | +31.3% |
| Deferred charges and accrued income | 490/1 | €446 | €1,705 | +€1,259 | +282% |
| Total equity and liabilities | 10/49 | €586,227 | €666,711 | +€80,485 | +13.7% |
| Equity | 10/15 | €167,576 | €202,202 | +€34,626 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,940 | €177,940 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,538 | €13,538 | = | 0.0% |
| Distributable reserves | 133 | €164,402 | €164,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,364 | €4,262 | +€34,626 | |
| Amounts payable | 17/49 | €418,651 | €464,509 | +€45,859 | +11.0% |
| Amounts payable after more than one year | 17 | €150,686 | €189,595 | +€38,909 | +25.8% |
| Financial debts | 170/4 | €150,686 | €189,595 | +€38,909 | +25.8% |
| Amounts payable within one year | 42/48 | €267,965 | €274,914 | +€6,950 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €73,391 | €53,184 | -€20,208 | -27.5% |
| Trade debts | 44 | €28,639 | €51,252 | +€22,613 | +79.0% |
| Suppliers | 440/4 | €28,639 | €51,252 | +€22,613 | +79.0% |
| Taxes, remuneration and social security | 45 | €2,457 | €11,227 | +€8,771 | +357% |
| Taxes | 450/3 | €641 | - | -€641 | |
| Remuneration and social security | 454/9 | €1,815 | €11,227 | +€9,412 | +518% |
| Other amounts payable | 47/48 | €163,478 | €159,252 | -€4,226 | -2.6% |
| Remuneration, social security and pensions | 62 | €64,371 | €73,718 | +€9,346 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,736 | €106,251 | -€12,485 | -10.5% |
| Other operating charges | 640/8 | €3,766 | €3,799 | +€33 | +0.9% |
| Gross operating margin | 9900 | €199,063 | €228,624 | +€29,561 | +14.9% |
| Operating profit (loss) | 9901 | €12,189 | €44,857 | +€32,667 | +268% |
| Financial charges | 65/66B | €11,399 | €9,680 | -€1,718 | -15.1% |
| Recurring financial charges | 65 | €11,399 | €9,680 | -€1,718 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €790 | €35,176 | +€34,386 | +4,351% |
| Income taxes | 67/77 | €738 | €550 | -€188 | -25.5% |
| Profit (loss) for the period | 9904 | €52 | €34,626 | +€34,574 | +66,145% |
| Profit (loss) for the period to be appropriated | 9905 | €52 | €34,626 | +€34,574 | +66,145% |
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 29 October 2026 via checked.be.