Air42: 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.
Air42
Largest movements
- Receivables within one year -€64,793
down €64,793 (-72.2%), from €89,717 to €24,923
of which Trade receivables: -€52,791
- Cash +€11,881
up €11,881 (+7.9%), from €149,988 to €161,868
mainly Receivables within one year (+€64,793) and Other debts (+€9,206)
- Deferred charges and accrued income +€2,659
up €2,659 (+824%), from €322 to €2,981
- Profit (loss) carried forward -€27,144
new in 2025: -€27,144
- Tax, wage and social debts -€20,092
down €20,092 (-43.0%), from €46,676 to €26,585
- Debts after one year -€10,436
down €10,436 (-100%), from €10,436 to €0
of which Financial debts: -€10,436
- Other debts +€9,206
up €9,206, from €0 to €9,206
- Reserves -€4,758
down €4,758 (-2.6%), from €179,784 to €175,026
- Gross operating margin -€214,041
down €214,041 (-83.3%), from €256,923 to €42,882
- Taxes -€60,599
down €60,599 (-98.9%), from €61,287 to €689
- Financial charges +€4,760
up €4,760 (+8.5%), from €55,801 to €60,561
- Depreciation +€3,177
up €3,177 (+85.0%), from €3,740 to €6,917
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 | €254,743 | €203,652 | -€51,091 | -20.1% |
| Fixed assets | 21/28 | €14,716 | €13,880 | -€836 | -5.7% |
| Tangible fixed assets | 22/27 | €14,476 | €13,640 | -€836 | -5.8% |
| Furniture and vehicles | 24 | €8,265 | €8,779 | +€514 | +6.2% |
| Other tangible fixed assets | 26 | €6,211 | €4,861 | -€1,351 | -21.7% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €240,027 | €189,773 | -€50,254 | -20.9% |
| Amounts receivable within one year | 40/41 | €89,717 | €24,923 | -€64,793 | -72.2% |
| Trade receivables | 40 | €77,714 | €24,923 | -€52,791 | -67.9% |
| Other amounts receivable | 41 | €12,003 | €0 | -€12,003 | -100% |
| Cash at bank and in hand | 54/58 | €149,988 | €161,868 | +€11,881 | +7.9% |
| Deferred charges and accrued income | 490/1 | €322 | €2,981 | +€2,659 | +824% |
| Total equity and liabilities | 10/49 | €254,743 | €203,652 | -€51,091 | -20.1% |
| Equity | 10/15 | €187,844 | €155,942 | -€31,902 | -17.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €179,784 | €175,026 | -€4,758 | -2.6% |
| Distributable reserves | 133 | €179,784 | €175,026 | -€4,758 | -2.6% |
| Profit (loss) carried forward | 14 | - | -€27,144 | -€27,144 | |
| Amounts payable | 17/49 | €66,899 | €47,710 | -€19,188 | -28.7% |
| Amounts payable after more than one year | 17 | €10,436 | €0 | -€10,436 | -100% |
| Financial debts | 170/4 | €10,436 | €0 | -€10,436 | -100% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,462 | €47,710 | -€8,752 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €9,786 | €10,436 | +€651 | +6.7% |
| Trade debts | 44 | €0 | €1,483 | +€1,483 | |
| Suppliers | 440/4 | €0 | €1,483 | +€1,483 | |
| Taxes, remuneration and social security | 45 | €46,676 | €26,585 | -€20,092 | -43.0% |
| Taxes | 450/3 | €46,676 | €26,585 | -€20,092 | -43.0% |
| Other amounts payable | 47/48 | €0 | €9,206 | +€9,206 | |
| Non-recurring operating income | 76A | €237,240 | €0 | -€237,240 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,740 | €6,917 | +€3,177 | +85.0% |
| Other operating charges | 640/8 | €1,337 | €2,773 | +€1,436 | +107% |
| Gross operating margin | 9900 | €256,923 | €42,882 | -€214,041 | -83.3% |
| Operating profit (loss) | 9901 | €251,846 | €33,192 | -€218,654 | -86.8% |
| Financial income | 75/76B | €592 | €913 | +€321 | +54.2% |
| Recurring financial income | 75 | €592 | €913 | +€321 | +54.2% |
| Financial charges | 65/66B | €55,801 | €60,561 | +€4,760 | +8.5% |
| Recurring financial charges | 65 | €55,801 | €60,561 | +€4,760 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €196,638 | -€26,456 | -€223,093 | |
| Income taxes | 67/77 | €61,287 | €689 | -€60,599 | -98.9% |
| Profit (loss) for the period | 9904 | €135,350 | -€27,144 | -€162,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,350 | -€27,144 | -€162,495 |
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 19 October 2026 via checked.be.