AIR TRADE: what changed
What changed
AIR TRADE
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€68,694
2024 · -€1,399+€70,092
Equity
€350,846
2024 · €282,152+€68,694
Cash
€213,464
2024 · €75,119+€138,345
Balance sheet total
€1.1m
2024 · €943,153+€164,654
Largest movements
Assets
- Receivables within one year -€332,147
down €332,147 (-58.0%), from €573,027 to €240,880
of which Trade receivables: -€271,232
- Stocks and contracts +€324,722
up €324,722 (+122%), from €266,433 to €591,155
- Cash +€138,345
up €138,345 (+184%), from €75,119 to €213,464
mainly Receivables within one year (+€332,147) and Short-term financial debts (+€200,000)
- Tangible fixed assets +€22,857
up €22,857 (+195%), from €11,715 to €34,572
of which Plant, machinery and equipment: +€18,647
Equity and liabilities
- Short-term financial debts +€200,000
up €200,000 (+200%), from €100,000 to €300,000
of which Other loans: +€200,000
- Other debts -€111,154
down €111,154 (-75.0%), from €148,290 to €37,136
- Profit (loss) carried forward +€68,694
up €68,694 (+25.0%), from €274,914 to €343,608
- Debts after one year +€13,701
new in 2025: €13,701
Income statement
- Gross operating margin +€105,201
up €105,201 (+51.5%), from €204,377 to €309,578
- Staff costs +€24,478
up €24,478 (+12.6%), from €193,916 to €218,394
- Taxes +€23,489
up €23,489 (+1,672%), from €1,405 to €24,894
- Write-downs -€18,829
down €18,829 (-460%), from -€4,093 to -€22,922
- Depreciation +€6,761
up €6,761 (+301%), from €2,247 to €9,008
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,399
Gross operating margin
+€105,201
Staff costs
-€24,478
Depreciation
-€6,761
Write-downs
+€18,829
Other operating charges
+€3,239
Other operating items
-€86
Financial income
-€2,741
Financial charges
+€380
Taxes
-€23,489
Result 2025
€68,694
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€35,837
Investment
-€33,877
Financing
+€208,059
Cash 2024
€75,119
From operations (derived)
-€35,837
Net result for the year
+€68,694
Depreciation
+€9,008
Stocks and contracts
-€324,722
Receivables within one year
+€332,147
Deferred charges and accrued income
-€8,864
Trade debts
+€1,690
Tax, wage and social debts
-€2,635
Other debts
-€111,154
Investment (derived)
-€33,877
Investment in fixed assets (net)
-€33,877
Financing
+€208,059
Debts after one year
+€13,701
Current portion of long-term debt
-€5,642
Short-term financial debts
+€200,000
Cash 2025
€213,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €943,153 | €1,107,807 | +€164,654 | +17.5% |
| Fixed assets | 21/28 | €27,547 | €52,416 | +€24,869 | +90.3% |
| Intangible fixed assets | 21 | €15,832 | €17,845 | +€2,012 | +12.7% |
| Tangible fixed assets | 22/27 | €11,715 | €34,572 | +€22,857 | +195% |
| Plant, machinery and equipment | 23 | €2,467 | €21,114 | +€18,647 | +756% |
| Furniture and vehicles | 24 | - | €1,672 | +€1,672 | |
| Other tangible fixed assets | 26 | €9,248 | €11,786 | +€2,539 | +27.5% |
| Current assets | 29/58 | €915,606 | €1,055,390 | +€139,785 | +15.3% |
| Stocks and contracts in progress | 3 | €266,433 | €591,155 | +€324,722 | +122% |
| Stocks | 30/36 | €266,433 | €591,155 | +€324,722 | +122% |
| Amounts receivable within one year | 40/41 | €573,027 | €240,880 | -€332,147 | -58.0% |
| Trade receivables | 40 | €490,102 | €218,869 | -€271,232 | -55.3% |
| Other amounts receivable | 41 | €82,925 | €22,011 | -€60,915 | -73.5% |
| Cash at bank and in hand | 54/58 | €75,119 | €213,464 | +€138,345 | +184% |
| Deferred charges and accrued income | 490/1 | €1,027 | €9,891 | +€8,864 | +863% |
| Total equity and liabilities | 10/49 | €943,153 | €1,107,807 | +€164,654 | +17.5% |
| Equity | 10/15 | €282,152 | €350,846 | +€68,694 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,039 | €1,039 | = | 0.0% |
| Distributable reserves | 133 | €1,039 | €1,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,914 | €343,608 | +€68,694 | +25.0% |
| Provisions and deferred taxes | 16 | €29,070 | €29,070 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,070 | €29,070 | = | 0.0% |
| Environmental obligations | 163 | - | €29,070 | +€29,070 | |
| Other liabilities and charges | 164/5 | €29,070 | - | -€29,070 | |
| Amounts payable | 17/49 | €631,931 | €727,891 | +€95,960 | +15.2% |
| Amounts payable after more than one year | 17 | - | €13,701 | +€13,701 | |
| Financial debts | 170/4 | - | €13,701 | +€13,701 | |
| Amounts payable within one year | 42/48 | €631,931 | €714,189 | +€82,259 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €9,463 | €3,821 | -€5,642 | -59.6% |
| Financial debts | 43 | €100,000 | €300,000 | +€200,000 | +200% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €358,392 | €360,082 | +€1,690 | +0.5% |
| Suppliers | 440/4 | €358,392 | €360,082 | +€1,690 | +0.5% |
| Taxes, remuneration and social security | 45 | €15,786 | €13,151 | -€2,635 | -16.7% |
| Taxes | 450/3 | €1,338 | €1,505 | +€167 | +12.5% |
| Remuneration and social security | 454/9 | €14,448 | €11,646 | -€2,802 | -19.4% |
| Other amounts payable | 47/48 | €148,290 | €37,136 | -€111,154 | -75.0% |
| Remuneration, social security and pensions | 62 | €193,916 | €218,394 | +€24,478 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,247 | €9,008 | +€6,761 | +301% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,093 | -€22,922 | -€18,829 | -460% |
| Other operating charges | 640/8 | €4,375 | €1,136 | -€3,239 | -74.0% |
| Non-recurring operating charges | 66A | - | €86 | +€86 | |
| Gross operating margin | 9900 | €204,377 | €309,578 | +€105,201 | +51.5% |
| Operating profit (loss) | 9901 | €7,933 | €103,876 | +€95,943 | +1,209% |
| Financial income | 75/76B | €7,261 | €4,519 | -€2,741 | -37.8% |
| Recurring financial income | 75 | €7,261 | €4,519 | -€2,741 | -37.8% |
| Financial charges | 65/66B | €15,188 | €14,808 | -€380 | -2.5% |
| Recurring financial charges | 65 | €15,188 | €14,808 | -€380 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €6 | €93,588 | +€93,582 | +1,567,532% |
| Income taxes | 67/77 | €1,405 | €24,894 | +€23,489 | +1,672% |
| Profit (loss) for the period | 9904 | -€1,399 | €68,694 | +€70,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,399 | €68,694 | +€70,092 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.