AIRBELUX: 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.
AIRBELUX
Largest movements
- Tangible fixed assets +€3,455
up €3,455 (+3.1%), from €110,138 to €113,593
of which Plant, machinery and equipment: +€10,706
- Deferred charges and accrued income +€2,391
new in 2025: €2,391
- Debts after one year -€14,065
down €14,065 (-27.4%), from €51,349 to €37,284
- Profit (loss) carried forward +€9,404
up €9,404 (+19.8%), from €47,523 to €56,927
- Trade debts +€9,117
up €9,117 (+133.7%), from €6,818 to €15,935
- Other debts +€2,998
up €2,998 (+206.6%), from €1,451 to €4,449
- Tax, wage and social debts -€2,919
down €2,919 (-24.0%), from €12,136 to €9,217
of which Taxes: -€3,750
- Gross operating margin +€47,758
up €47,758 (+78.0%), from €61,227 to €108,984
- Staff costs +€21,207
up €21,207 (+53.0%), from €40,004 to €61,211
- Taxes +€7,878
up €7,878 (+1081.8%), from €728 to €8,606
- Financial charges -€1,719
down €1,719 (-29.1%), from €5,917 to €4,197
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.
Cash bridge derived
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 | €209,260 | €213,613 | +€4,353 | +2.1% |
| Fixed assets | 21/28 | €110,138 | €113,593 | +€3,455 | +3.1% |
| Tangible fixed assets | 22/27 | €110,138 | €113,593 | +€3,455 | +3.1% |
| Land and buildings | 22 | €94,195 | €88,450 | -€5,745 | -6.1% |
| Plant, machinery and equipment | 23 | €831 | €11,538 | +€10,706 | +1287.7% |
| Furniture and vehicles | 24 | €216 | €560 | +€344 | +159.1% |
| Other tangible fixed assets | 26 | €14,896 | €13,046 | -€1,850 | -12.4% |
| Current assets | 29/58 | €99,123 | €100,020 | +€897 | +0.9% |
| Amounts receivable within one year | 40/41 | €99,103 | €97,111 | -€1,992 | -2.0% |
| Trade receivables | 40 | €31,977 | €74,412 | +€42,434 | +132.7% |
| Other amounts receivable | 41 | €67,126 | €22,700 | -€44,426 | -66.2% |
| Cash at bank and in hand | 54/58 | €20 | €517 | +€498 | +2532.0% |
| Deferred charges and accrued income | 490/1 | - | €2,391 | +€2,391 | |
| Total equity and liabilities | 10/49 | €209,260 | €213,613 | +€4,353 | +2.1% |
| Equity | 10/15 | €104,738 | €113,494 | +€8,757 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,460 | €33,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,600 | €11,600 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,523 | €56,927 | +€9,404 | +19.8% |
| Investment grants | 15 | €5,154 | €4,507 | -€647 | -12.6% |
| Amounts payable | 17/49 | €104,523 | €100,119 | -€4,404 | -4.2% |
| Amounts payable after more than one year | 17 | €51,349 | €37,284 | -€14,065 | -27.4% |
| Financial debts | 170/4 | €51,349 | €37,284 | -€14,065 | -27.4% |
| Amounts payable within one year | 42/48 | €53,174 | €62,835 | +€9,661 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €13,503 | €14,065 | +€563 | +4.2% |
| Financial debts | 43 | €19,266 | €19,169 | -€97 | -0.5% |
| Credit institutions | 430/8 | €19,266 | €19,169 | -€97 | -0.5% |
| Trade debts | 44 | €6,818 | €15,935 | +€9,117 | +133.7% |
| Suppliers | 440/4 | €6,818 | €15,935 | +€9,117 | +133.7% |
| Taxes, remuneration and social security | 45 | €12,136 | €9,217 | -€2,919 | -24.0% |
| Taxes | 450/3 | €9,620 | €5,870 | -€3,750 | -39.0% |
| Remuneration and social security | 454/9 | €2,516 | €3,347 | +€831 | +33.0% |
| Other amounts payable | 47/48 | €1,451 | €4,449 | +€2,998 | +206.6% |
| Remuneration, social security and pensions | 62 | €40,004 | €61,211 | +€21,207 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,214 | €9,345 | -€870 | -8.5% |
| Other operating charges | 640/8 | €3,143 | €3,869 | +€726 | +23.1% |
| Gross operating margin | 9900 | €61,227 | €108,984 | +€47,758 | +78.0% |
| Operating profit (loss) | 9901 | €7,866 | €34,560 | +€26,694 | +339.4% |
| Financial income | 75/76B | €647 | €647 | = | 0.0% |
| Recurring financial income | 75 | €647 | €647 | = | 0.0% |
| Financial charges | 65/66B | €5,917 | €4,197 | -€1,719 | -29.1% |
| Recurring financial charges | 65 | €5,917 | €4,197 | -€1,719 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €2,597 | €31,010 | +€28,413 | +1094.1% |
| Income taxes | 67/77 | €728 | €8,606 | +€7,878 | +1081.8% |
| Profit (loss) for the period | 9904 | €1,869 | €22,404 | +€20,535 | +1098.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,869 | €22,404 | +€20,535 | +1098.8% |
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 12 October 2026 via checked.be.