AIR ROAD SOLUTIONS: 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 ROAD SOLUTIONS
Largest movements
- Tangible fixed assets -€16,029
down €16,029 (-42.2%), from €37,953 to €21,924
of which Furniture and vehicles: -€12,789
- Receivables within one year -€11,667
down €11,667 (-15.9%), from €73,570 to €61,903
of which Trade receivables: -€15,420
- Cash -€5,637
down €5,637 (-30.6%), from €18,452 to €12,815
mainly Contributions, distributions and other (-€41,088) and Net result for the year (-€31,999)
- Receivables after one year +€3,665
up €3,665 (+42.7%), from €8,577 to €12,242
- Profit (loss) carried forward -€41,999
down €41,999 (-60.7%), from €69,193 to €27,193
- Other debts +€38,033
new in 2025: €38,033
- Reserves -€31,088
down €31,088 (-100%), from €31,088 to €0
- Tax, wage and social debts +€5,778
up €5,778 (+278%), from €2,077 to €7,855
- Gross operating margin -€8,855
down €8,855 (-180%), from -€4,930 to -€13,785
- Depreciation +€3,319
up €3,319 (+26.1%), from €12,710 to €16,029
- Staff costs -€1,301
no longer reported in 2025 (was €1,301)
- Other operating charges -€471
down €471 (-19.3%), from €2,438 to €1,968
- Taxes +€206
up €206, from -€36 to €171
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 | €143,898 | €114,390 | -€29,507 | -20.5% |
| Fixed assets | 21/28 | €40,953 | €24,924 | -€16,029 | -39.1% |
| Tangible fixed assets | 22/27 | €37,953 | €21,924 | -€16,029 | -42.2% |
| Land and buildings | 22 | €617 | €494 | -€123 | -20.0% |
| Plant, machinery and equipment | 23 | €6,913 | €3,797 | -€3,116 | -45.1% |
| Furniture and vehicles | 24 | €30,423 | €17,634 | -€12,789 | -42.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €102,944 | €89,466 | -€13,478 | -13.1% |
| Amounts receivable after more than one year | 29 | €8,577 | €12,242 | +€3,665 | +42.7% |
| Other amounts receivable | 291 | €8,577 | €12,242 | +€3,665 | +42.7% |
| Amounts receivable within one year | 40/41 | €73,570 | €61,903 | -€11,667 | -15.9% |
| Trade receivables | 40 | €73,297 | €57,877 | -€15,420 | -21.0% |
| Other amounts receivable | 41 | €273 | €4,027 | +€3,754 | +1,374% |
| Current investments | 50/53 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,452 | €12,815 | -€5,637 | -30.6% |
| Deferred charges and accrued income | 490/1 | €2,285 | €2,446 | +€161 | +7.0% |
| Total equity and liabilities | 10/49 | €143,898 | €114,390 | -€29,507 | -20.5% |
| Equity | 10/15 | €127,780 | €54,693 | -€73,087 | -57.2% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €31,088 | €0 | -€31,088 | -100% |
| Distributable reserves | 133 | €31,088 | €0 | -€31,088 | -100% |
| Profit (loss) carried forward | 14 | €69,193 | €27,193 | -€41,999 | -60.7% |
| Amounts payable | 17/49 | €16,117 | €59,697 | +€43,580 | +270% |
| Amounts payable within one year | 42/48 | €16,117 | €59,697 | +€43,580 | +270% |
| Trade debts | 44 | €14,040 | €13,808 | -€232 | -1.7% |
| Suppliers | 440/4 | €14,040 | €13,808 | -€232 | -1.7% |
| Taxes, remuneration and social security | 45 | €2,077 | €7,855 | +€5,778 | +278% |
| Taxes | 450/3 | €2,077 | €7,855 | +€5,778 | +278% |
| Other amounts payable | 47/48 | - | €38,033 | +€38,033 | |
| Remuneration, social security and pensions | 62 | €1,301 | - | -€1,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,710 | €16,029 | +€3,319 | +26.1% |
| Other operating charges | 640/8 | €2,438 | €1,968 | -€471 | -19.3% |
| Gross operating margin | 9900 | -€4,930 | -€13,785 | -€8,855 | -180% |
| Operating profit (loss) | 9901 | -€21,380 | -€31,782 | -€10,402 | -48.7% |
| Financial income | 75/76B | €455 | €579 | +€124 | +27.1% |
| Recurring financial income | 75 | €455 | €579 | +€124 | +27.1% |
| Financial charges | 65/66B | €531 | €626 | +€94 | +17.8% |
| Recurring financial charges | 65 | €531 | €626 | +€94 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,456 | -€31,829 | -€10,372 | -48.3% |
| Income taxes | 67/77 | -€36 | €171 | +€206 | |
| Profit (loss) for the period | 9904 | -€21,420 | -€31,999 | -€10,579 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,420 | -€31,999 | -€10,579 | -49.4% |
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 26 October 2026 via checked.be.