AIR STYLE: 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 STYLE
Largest movements
- Cash +€6,421
up €6,421 (+6.9%), from €93,417 to €99,838
mainly Net result for the year (+€53,607) and Other debts (+€14,543)
- Receivables within one year +€4,393
up €4,393 (+204%), from €2,159 to €6,552
of which Trade receivables: +€2,541
- Reserves +€63,206
up €63,206 (+3,398%), from €1,860 to €65,066
of which Distributable reserves: +€63,206
- Profit (loss) carried forward -€50,999
no longer reported in 2025 (was €50,999)
- Other debts +€14,543
up €14,543 (+2,211%), from €658 to €15,200
- Tax, wage and social debts -€11,066
down €11,066 (-31.3%), from €35,375 to €24,309
of which Taxes: -€6,779
- Trade debts -€4,801
down €4,801 (-52.3%), from €9,184 to €4,383
- Staff costs +€45,862
up €45,862 (+25.8%), from €177,686 to €223,548
- Gross operating margin +€20,590
up €20,590 (+7.4%), from €278,628 to €299,218
- Taxes -€6,427
down €6,427 (-26.0%), from €24,759 to €18,332
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 | €116,675 | €127,558 | +€10,883 | +9.3% |
| Fixed assets | 21/28 | €7,619 | €7,188 | -€431 | -5.7% |
| Tangible fixed assets | 22/27 | €7,569 | €7,138 | -€431 | -5.7% |
| Plant, machinery and equipment | 23 | €6,854 | €5,347 | -€1,507 | -22.0% |
| Furniture and vehicles | 24 | €716 | €1,791 | +€1,076 | +150% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €109,056 | €120,370 | +€11,314 | +10.4% |
| Stocks and contracts in progress | 3 | €13,186 | €12,850 | -€336 | -2.5% |
| Stocks | 30/36 | €13,186 | €12,850 | -€336 | -2.5% |
| Amounts receivable within one year | 40/41 | €2,159 | €6,552 | +€4,393 | +204% |
| Trade receivables | 40 | €2,159 | €4,700 | +€2,541 | +118% |
| Other amounts receivable | 41 | - | €1,852 | +€1,852 | |
| Cash at bank and in hand | 54/58 | €93,417 | €99,838 | +€6,421 | +6.9% |
| Deferred charges and accrued income | 490/1 | €295 | €1,131 | +€836 | +283% |
| Total equity and liabilities | 10/49 | €116,675 | €127,558 | +€10,883 | +9.3% |
| Equity | 10/15 | €71,459 | €83,666 | +€12,207 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €65,066 | +€63,206 | +3,398% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €63,206 | +€63,206 | |
| Profit (loss) carried forward | 14 | €50,999 | - | -€50,999 | |
| Amounts payable | 17/49 | €45,217 | €43,892 | -€1,324 | -2.9% |
| Amounts payable within one year | 42/48 | €45,217 | €43,892 | -€1,324 | -2.9% |
| Trade debts | 44 | €9,184 | €4,383 | -€4,801 | -52.3% |
| Suppliers | 440/4 | €9,184 | €4,383 | -€4,801 | -52.3% |
| Taxes, remuneration and social security | 45 | €35,375 | €24,309 | -€11,066 | -31.3% |
| Taxes | 450/3 | €12,257 | €5,478 | -€6,779 | -55.3% |
| Remuneration and social security | 454/9 | €23,118 | €18,832 | -€4,286 | -18.5% |
| Other amounts payable | 47/48 | €658 | €15,200 | +€14,543 | +2,211% |
| Remuneration, social security and pensions | 62 | €177,686 | €223,548 | +€45,862 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €2,355 | +€441 | +23.0% |
| Other operating charges | 640/8 | €1,166 | €965 | -€201 | -17.3% |
| Gross operating margin | 9900 | €278,628 | €299,218 | +€20,590 | +7.4% |
| Operating profit (loss) | 9901 | €97,862 | €72,351 | -€25,511 | -26.1% |
| Financial income | 75/76B | €211 | €700 | +€489 | +232% |
| Recurring financial income | 75 | €211 | €700 | +€489 | +232% |
| Financial charges | 65/66B | €860 | €1,112 | +€252 | +29.3% |
| Recurring financial charges | 65 | €860 | €1,112 | +€252 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €97,213 | €71,939 | -€25,274 | -26.0% |
| Income taxes | 67/77 | €24,759 | €18,332 | -€6,427 | -26.0% |
| Profit (loss) for the period | 9904 | €72,454 | €53,607 | -€18,847 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,454 | €53,607 | -€18,847 | -26.0% |
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 20 October 2026 via checked.be.