AIR TO BOX: 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 TO BOX
Largest movements
- Cash +€19,558
up €19,558 (+527%), from €3,711 to €23,268
mainly Net result for the year (+€58,022) and Receivables within one year (+€4,014)
- Receivables within one year -€4,014
down €4,014 (-6.2%), from €64,852 to €60,839
of which Other amounts receivable: -€6,902
- Deferred charges and accrued income +€3,860
up €3,860 (+4,715%), from €82 to €3,942
- Tangible fixed assets +€2,921
up €2,921 (+264%), from €1,108 to €4,030
of which Furniture and vehicles: +€2,921
- Profit (loss) carried forward +€23,022
up €23,022, from -€22,977 to €45
- Tax, wage and social debts +€3,964
up €3,964 (+37.7%), from €10,500 to €14,464
of which Taxes: +€14,464
- Other debts -€2,679
down €2,679 (-4.2%), from €63,276 to €60,597
- Trade debts -€1,962
down €1,962 (-49.8%), from €3,935 to €1,974
- Gross operating margin +€19,482
up €19,482 (+35.0%), from €55,601 to €75,083
- Taxes +€14,976
up €14,976, from €0 to €14,976
- Other operating charges -€3,201
down €3,201 (-99.8%), from €3,208 to €7
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 | €69,753 | €92,079 | +€22,326 | +32.0% |
| Fixed assets | 21/28 | €1,108 | €4,030 | +€2,921 | +264% |
| Tangible fixed assets | 22/27 | €1,108 | €4,030 | +€2,921 | +264% |
| Furniture and vehicles | 24 | €1,108 | €4,030 | +€2,921 | +264% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €68,645 | €88,049 | +€19,404 | +28.3% |
| Amounts receivable within one year | 40/41 | €64,852 | €60,839 | -€4,014 | -6.2% |
| Trade receivables | 40 | €57,391 | €60,279 | +€2,888 | +5.0% |
| Other amounts receivable | 41 | €7,462 | €560 | -€6,902 | -92.5% |
| Cash at bank and in hand | 54/58 | €3,711 | €23,268 | +€19,558 | +527% |
| Deferred charges and accrued income | 490/1 | €82 | €3,942 | +€3,860 | +4,715% |
| Total equity and liabilities | 10/49 | €69,753 | €92,079 | +€22,326 | +32.0% |
| Equity | 10/15 | -€7,977 | €15,045 | +€23,022 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,977 | €45 | +€23,022 | |
| Amounts payable | 17/49 | €77,731 | €77,034 | -€696 | -0.9% |
| Amounts payable within one year | 42/48 | €77,731 | €77,034 | -€696 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €3,935 | €1,974 | -€1,962 | -49.8% |
| Suppliers | 440/4 | €3,935 | €1,974 | -€1,962 | -49.8% |
| Taxes, remuneration and social security | 45 | €10,500 | €14,464 | +€3,964 | +37.7% |
| Taxes | 450/3 | - | €14,464 | +€14,464 | |
| Remuneration and social security | 454/9 | €10,500 | - | -€10,500 | |
| Other amounts payable | 47/48 | €63,276 | €60,597 | -€2,679 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €1,719 | +€166 | +10.7% |
| Other operating charges | 640/8 | €3,208 | €7 | -€3,201 | -99.8% |
| Gross operating margin | 9900 | €55,601 | €75,083 | +€19,482 | +35.0% |
| Operating profit (loss) | 9901 | €50,840 | €73,357 | +€22,517 | +44.3% |
| Financial income | 75/76B | €57 | €35 | -€21 | -37.7% |
| Recurring financial income | 75 | €57 | €35 | -€21 | -37.7% |
| Financial charges | 65/66B | €24 | €394 | +€370 | +1,571% |
| Recurring financial charges | 65 | €24 | €394 | +€370 | +1,571% |
| Profit (loss) for the period before taxes | 9903 | €50,873 | €72,998 | +€22,125 | +43.5% |
| Income taxes | 67/77 | €0 | €14,976 | +€14,976 | |
| Profit (loss) for the period | 9904 | €50,873 | €58,022 | +€7,149 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,873 | €58,022 | +€7,149 | +14.1% |
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 31 October 2026 via checked.be.