AIRCO CONCEPT: 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.
AIRCO CONCEPT
Largest movements
- Receivables within one year +€104,976
up €104,976 (+142%), from €74,140 to €179,116
of which Trade receivables: +€101,333
- Cash -€16,899
down €16,899 (-43.4%), from €38,902 to €22,002
mainly Receivables within one year (-€104,976) and Current portion of long-term debt (-€1,540)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets -€2,416
down €2,416 (-85.9%), from €2,814 to €398
- Trade debts +€72,726
up €72,726 (+93.7%), from €77,641 to €150,367
- Profit (loss) carried forward +€53,759
up €53,759, from -€31,307 to €22,453
- Reserves -€50,000
down €50,000 (-96.4%), from €51,860 to €1,860
of which Distributable reserves: -€50,000
- Gross operating margin +€30,726
up €30,726 (+53.9%), from €57,057 to €87,783
- Other operating charges +€21,787
up €21,787 (+237%), from €9,211 to €30,997
- Depreciation -€6,783
down €6,783 (-73.7%), from €9,199 to €2,416
- Staff costs +€3,104
up €3,104 (+7.0%), from €44,031 to €47,135
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 | €125,855 | €201,516 | +€75,661 | +60.1% |
| Fixed assets | 21/28 | €2,814 | €398 | -€2,416 | -85.9% |
| Tangible fixed assets | 22/27 | €2,814 | €398 | -€2,416 | -85.9% |
| Furniture and vehicles | 24 | €2,814 | €398 | -€2,416 | -85.9% |
| Current assets | 29/58 | €123,041 | €201,118 | +€78,077 | +63.5% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Stocks | 30/36 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €74,140 | €179,116 | +€104,976 | +142% |
| Trade receivables | 40 | €67,735 | €169,069 | +€101,333 | +150% |
| Other amounts receivable | 41 | €6,405 | €10,047 | +€3,643 | +56.9% |
| Cash at bank and in hand | 54/58 | €38,902 | €22,002 | -€16,899 | -43.4% |
| Total equity and liabilities | 10/49 | €125,855 | €201,516 | +€75,661 | +60.1% |
| Equity | 10/15 | €39,153 | €42,913 | +€3,759 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €1,860 | -€50,000 | -96.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | -€31,307 | €22,453 | +€53,759 | |
| Amounts payable | 17/49 | €86,702 | €158,603 | +€71,902 | +82.9% |
| Amounts payable within one year | 42/48 | €86,702 | €158,603 | +€71,902 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €1,540 | - | -€1,540 | |
| Trade debts | 44 | €77,641 | €150,367 | +€72,726 | +93.7% |
| Suppliers | 440/4 | €77,641 | €150,367 | +€72,726 | +93.7% |
| Taxes, remuneration and social security | 45 | €5,871 | €6,587 | +€716 | +12.2% |
| Taxes | 450/3 | €2,790 | €5,370 | +€2,580 | +92.5% |
| Remuneration and social security | 454/9 | €3,081 | €1,216 | -€1,864 | -60.5% |
| Other amounts payable | 47/48 | €1,650 | €1,650 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €44,031 | €47,135 | +€3,104 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,199 | €2,416 | -€6,783 | -73.7% |
| Other operating charges | 640/8 | €9,211 | €30,997 | +€21,787 | +237% |
| Gross operating margin | 9900 | €57,057 | €87,783 | +€30,726 | +53.9% |
| Operating profit (loss) | 9901 | -€5,384 | €7,236 | +€12,619 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Non-recurring financial income | 76B | - | €13 | +€13 | |
| Financial charges | 65/66B | €922 | €739 | -€182 | -19.8% |
| Recurring financial charges | 65 | €922 | €739 | -€182 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,306 | €6,509 | +€12,815 | |
| Income taxes | 67/77 | €1,943 | €2,750 | +€807 | +41.5% |
| Profit (loss) for the period | 9904 | -€8,248 | €3,759 | +€12,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,248 | €3,759 | +€12,008 |
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 22 October 2026 via checked.be.