AIR@WORKS: 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@WORKS
Largest movements
- Cash -€8,502
down €8,502 (-94.7%), from €8,982 to €479
mainly Net result for the year (-€6,032) and Deferred charges and accrued income (-€4,975)
- Deferred charges and accrued income +€4,975
up €4,975, from €0 to €4,975
- Reserves -€6,032
down €6,032 (-11.0%), from €54,766 to €48,734
of which Distributable reserves: -€6,032
- Trade debts +€2,313
up €2,313 (+11.9%), from €19,457 to €21,771
- Gross operating margin -€22,443
down €22,443, from €17,516 to -€4,927
- Financial income +€1,500
new in 2025: €1,500
- Financial charges +€680
up €680 (+310%), from €220 to €899
- Depreciation -€428
down €428 (-81.2%), from €527 to €99
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 | €85,654 | €82,097 | -€3,558 | -4.2% |
| Fixed assets | 21/28 | €223 | €124 | -€99 | -44.4% |
| Tangible fixed assets | 22/27 | €99 | €0 | -€99 | -100% |
| Furniture and vehicles | 24 | €99 | €0 | -€99 | -100% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €85,431 | €81,973 | -€3,459 | -4.0% |
| Amounts receivable within one year | 40/41 | €76,384 | €76,518 | +€134 | +0.2% |
| Trade receivables | 40 | €30,500 | €35,455 | +€4,955 | +16.2% |
| Other amounts receivable | 41 | €45,884 | €41,063 | -€4,821 | -10.5% |
| Current investments | 50/53 | €65 | - | -€65 | |
| Cash at bank and in hand | 54/58 | €8,982 | €479 | -€8,502 | -94.7% |
| Deferred charges and accrued income | 490/1 | €0 | €4,975 | +€4,975 | |
| Total equity and liabilities | 10/49 | €85,654 | €82,097 | -€3,558 | -4.2% |
| Equity | 10/15 | €60,966 | €54,934 | -€6,032 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,766 | €48,734 | -€6,032 | -11.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €54,766 | €48,734 | -€6,032 | -11.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,689 | €27,163 | +€2,474 | +10.0% |
| Amounts payable within one year | 42/48 | €24,689 | €27,163 | +€2,474 | +10.0% |
| Trade debts | 44 | €19,457 | €21,771 | +€2,313 | +11.9% |
| Suppliers | 440/4 | €19,457 | €21,771 | +€2,313 | +11.9% |
| Taxes, remuneration and social security | 45 | €96 | €257 | +€161 | +167% |
| Taxes | 450/3 | €96 | €257 | +€161 | +167% |
| Other amounts payable | 47/48 | €5,135 | €5,135 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €527 | €99 | -€428 | -81.2% |
| Other operating charges | 640/8 | €1,557 | €1,606 | +€49 | +3.2% |
| Gross operating margin | 9900 | €17,516 | -€4,927 | -€22,443 | |
| Operating profit (loss) | 9901 | €15,431 | -€6,633 | -€22,064 | |
| Financial income | 75/76B | - | €1,500 | +€1,500 | |
| Recurring financial income | 75 | - | €1,500 | +€1,500 | |
| Financial charges | 65/66B | €220 | €899 | +€680 | +310% |
| Recurring financial charges | 65 | €220 | €899 | +€680 | +310% |
| Profit (loss) for the period before taxes | 9903 | €15,212 | -€6,032 | -€21,244 | |
| Income taxes | 67/77 | €160 | €0 | -€160 | -100% |
| Profit (loss) for the period | 9904 | €15,052 | -€6,032 | -€21,084 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,052 | -€6,032 | -€21,084 |
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 27 October 2026 via checked.be.