AIR'NB: 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'NB
Largest movements
- Stocks and contracts +€2.7m
up €2.7m (+114%), from €2.3m to €5.0m
- Tangible fixed assets +€590,441
up €590,441 (+60.5%), from €975,775 to €1.6m
of which Assets under construction and advance payments: +€341,081
- Receivables within one year +€139,267
up €139,267 (+14.1%), from €986,842 to €1.1m
of which Trade receivables: +€241,269
- Trade debts +€1.9m
up €1.9m (+183%), from €1.0m to €2.9m
- Short-term financial debts +€736,104
up €736,104 (+147%), from €500,000 to €1.2m
of which Other loans: +€686,104
- Profit (loss) carried forward +€448,088
up €448,088 (+105%), from €426,411 to €874,500
- Debts after one year +€328,603
up €328,603 (+37.5%), from €876,390 to €1.2m
- Reserves -€212,192
down €212,192 (-18.0%), from €1.2m to €969,884
of which Tax-exempt reserves: -€153,504
- Gross operating margin +€109,439
up €109,439 (+10.5%), from €1.0m to €1.2m
- Financial income +€104,049
up €104,049 (+113%), from €92,157 to €196,206
- Taxes +€59,373
up €59,373 (+31.5%), from €188,565 to €247,938
- Other operating charges +€53,867
up €53,867 (+79.0%), from €68,145 to €122,012
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 | €4,632,057 | €8,037,303 | +€3.4m | +73.5% |
| Fixed assets | 21/28 | €1,127,781 | €1,710,422 | +€582,641 | +51.7% |
| Tangible fixed assets | 22/27 | €975,775 | €1,566,216 | +€590,441 | +60.5% |
| Land and buildings | 22 | €935,199 | €1,178,479 | +€243,280 | +26.0% |
| Plant, machinery and equipment | 23 | €23,578 | €11,466 | -€12,112 | -51.4% |
| Furniture and vehicles | 24 | €15,665 | €35,190 | +€19,525 | +125% |
| Other tangible fixed assets | 26 | €1,334 | - | -€1,334 | |
| Assets under construction and advance payments | 27 | - | €341,081 | +€341,081 | |
| Financial fixed assets | 28 | €152,006 | €144,206 | -€7,800 | -5.1% |
| Current assets | 29/58 | €3,504,276 | €6,326,881 | +€2.8m | +80.5% |
| Stocks and contracts in progress | 3 | €2,333,301 | €4,990,670 | +€2.7m | +114% |
| Stocks | 30/36 | €2,333,301 | €4,990,670 | +€2.7m | +114% |
| Amounts receivable within one year | 40/41 | €986,842 | €1,126,110 | +€139,267 | +14.1% |
| Trade receivables | 40 | €846,352 | €1,087,621 | +€241,269 | +28.5% |
| Other amounts receivable | 41 | €140,491 | €38,489 | -€102,001 | -72.6% |
| Cash at bank and in hand | 54/58 | €184,133 | €210,101 | +€25,967 | +14.1% |
| Total equity and liabilities | 10/49 | €4,632,057 | €8,037,303 | +€3.4m | +73.5% |
| Equity | 10/15 | €1,703,591 | €1,939,487 | +€235,896 | +13.8% |
| Contributions | 10/11 | €95,104 | €95,104 | = | 0.0% |
| Reserves | 13 | €1,182,076 | €969,884 | -€212,192 | -18.0% |
| Tax-exempt reserves | 132 | €580,945 | €427,441 | -€153,504 | -26.4% |
| Distributable reserves | 133 | €601,131 | €542,443 | -€58,688 | -9.8% |
| Profit (loss) carried forward | 14 | €426,411 | €874,500 | +€448,088 | +105% |
| Amounts payable | 17/49 | €2,928,466 | €6,097,816 | +€3.2m | +108% |
| Amounts payable after more than one year | 17 | €876,390 | €1,204,993 | +€328,603 | +37.5% |
| Financial debts | 170/4 | €876,390 | €1,204,993 | +€328,603 | +37.5% |
| Amounts payable within one year | 42/48 | €2,052,076 | €4,892,822 | +€2.8m | +138% |
| Current portion of amounts payable after more than one year | 42 | €241,421 | €360,796 | +€119,376 | +49.4% |
| Financial debts | 43 | €500,000 | €1,236,104 | +€736,104 | +147% |
| Credit institutions | 430/8 | €500,000 | €550,000 | +€50,000 | +10.0% |
| Other loans | 439 | - | €686,104 | +€686,104 | |
| Trade debts | 44 | €1,015,720 | €2,872,157 | +€1.9m | +183% |
| Suppliers | 440/4 | €1,015,720 | €2,872,157 | +€1.9m | +183% |
| Taxes, remuneration and social security | 45 | €294,923 | €423,752 | +€128,829 | +43.7% |
| Taxes | 450/3 | €255,504 | €406,292 | +€150,788 | +59.0% |
| Remuneration and social security | 454/9 | €39,418 | €17,460 | -€21,958 | -55.7% |
| Other amounts payable | 47/48 | €13 | €13 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €201,267 | €196,796 | -€4,471 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,675 | €72,520 | +€4,846 | +7.2% |
| Other operating charges | 640/8 | €68,145 | €122,012 | +€53,867 | +79.0% |
| Non-recurring operating charges | 66A | €350 | €52,082 | +€51,732 | +14,781% |
| Gross operating margin | 9900 | €1,042,881 | €1,152,321 | +€109,439 | +10.5% |
| Operating profit (loss) | 9901 | €705,445 | €708,910 | +€3,465 | +0.5% |
| Financial income | 75/76B | €92,157 | €196,206 | +€104,049 | +113% |
| Recurring financial income | 75 | €92,157 | €196,206 | +€104,049 | +113% |
| Financial charges | 65/66B | €166,524 | €172,594 | +€6,070 | +3.6% |
| Recurring financial charges | 65 | €166,524 | €172,594 | +€6,070 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €631,078 | €732,522 | +€101,444 | +16.1% |
| Transfer from deferred taxes | 780 | €89,140 | €153,504 | +€64,364 | +72.2% |
| Transfer to deferred taxes | 680 | €210,500 | - | -€210,500 | |
| Income taxes | 67/77 | €188,565 | €247,938 | +€59,373 | +31.5% |
| Profit (loss) for the period | 9904 | €321,153 | €638,088 | +€316,936 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €321,153 | €638,088 | +€316,936 | +98.7% |
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 15 October 2026 via checked.be.