Airco-Tec: what changed
What changed
Airco-Tec
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€201,646
2024 · €133,597+€68,049
Equity
€496,230
2024 · €294,584+€201,646
Cash
€405,926
2024 · €417,394-€11,468
Balance sheet total
€984,847
2024 · €955,013+€29,835
Largest movements
Assets
- Receivables within one year +€38,648
up €38,648 (+77.2%), from €50,052 to €88,700
of which Trade receivables: +€27,451
- Cash -€11,468
down €11,468 (-2.7%), from €417,394 to €405,926
mainly Other debts (-€171,636) and Investment in fixed assets (net) (-€54,729)
Equity and liabilities
- Reserves +€201,646
up €201,646 (+127%), from €158,987 to €360,633
- Other debts -€171,636
down €171,636 (-81.8%), from €209,815 to €38,179
- Debts after one year -€23,117
down €23,117 (-7.2%), from €321,308 to €298,190
- Trade debts +€22,010
up €22,010 (+30.0%), from €73,271 to €95,281
Income statement
- Gross operating margin +€195,076
up €195,076 (+65.2%), from €299,206 to €494,283
- Staff costs +€66,072
up €66,072 (+103%), from €63,938 to €130,010
- Taxes +€51,862
up €51,862 (+118%), from €43,857 to €95,719
- Financial income -€9,460
down €9,460 (-80.1%), from €11,810 to €2,350
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
€133,597
Gross operating margin
+€195,076
Staff costs
-€66,072
Depreciation
+€554
Other operating charges
-€1,074
Financial income
-€9,460
Financial charges
+€887
Taxes
-€51,862
Result 2025
€201,646
raises the resultlowers the result
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
+€63,969
Investment
-€54,729
Financing
-€20,708
Cash 2024
€417,394
From operations (derived)
+€63,969
Net result for the year
+€201,646
Depreciation
+€52,583
Stocks and contracts
+€1,725
Receivables within one year
-€38,648
Deferred charges and accrued income
-€2,234
Trade debts
+€22,010
Tax, wage and social debts
-€1,477
Other debts
-€171,636
Investment (derived)
-€54,729
Investment in fixed assets (net)
-€54,729
Financing
-€20,708
Debts after one year
-€23,117
Current portion of long-term debt
+€2,409
Cash 2025
€405,926
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €955,013 | €984,847 | +€29,835 | +3.1% |
| Fixed assets | 21/28 | €480,675 | €482,821 | +€2,146 | +0.4% |
| Intangible fixed assets | 21 | €159 | €0 | -€159 | -100% |
| Tangible fixed assets | 22/27 | €480,516 | €482,821 | +€2,306 | +0.5% |
| Land and buildings | 22 | €380,614 | €365,209 | -€15,405 | -4.0% |
| Plant, machinery and equipment | 23 | €7,524 | €5,883 | -€1,641 | -21.8% |
| Furniture and vehicles | 24 | €69,070 | €70,344 | +€1,274 | +1.8% |
| Leasing and similar rights | 25 | €23,308 | €41,386 | +€18,078 | +77.6% |
| Current assets | 29/58 | €474,338 | €502,026 | +€27,688 | +5.8% |
| Stocks and contracts in progress | 3 | €3,550 | €1,825 | -€1,725 | -48.6% |
| Stocks | 30/36 | €3,550 | €1,825 | -€1,725 | -48.6% |
| Amounts receivable within one year | 40/41 | €50,052 | €88,700 | +€38,648 | +77.2% |
| Trade receivables | 40 | €49,135 | €76,586 | +€27,451 | +55.9% |
| Other amounts receivable | 41 | €917 | €12,114 | +€11,197 | +1,221% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €417,394 | €405,926 | -€11,468 | -2.7% |
| Deferred charges and accrued income | 490/1 | €3,342 | €5,576 | +€2,234 | +66.8% |
| Total equity and liabilities | 10/49 | €955,013 | €984,847 | +€29,835 | +3.1% |
| Equity | 10/15 | €294,584 | €496,230 | +€201,646 | +68.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €158,987 | €360,633 | +€201,646 | +127% |
| Distributable reserves | 133 | €158,987 | €360,633 | +€201,646 | +127% |
| Profit (loss) carried forward | 14 | €133,597 | €133,597 | = | 0.0% |
| Amounts payable | 17/49 | €660,429 | €488,618 | -€171,811 | -26.0% |
| Amounts payable after more than one year | 17 | €321,308 | €298,190 | -€23,117 | -7.2% |
| Financial debts | 170/4 | €321,308 | €298,190 | -€23,117 | -7.2% |
| Amounts payable within one year | 42/48 | €339,121 | €190,427 | -€148,694 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €44,671 | €47,080 | +€2,409 | +5.4% |
| Trade debts | 44 | €73,271 | €95,281 | +€22,010 | +30.0% |
| Suppliers | 440/4 | €73,271 | €95,281 | +€22,010 | +30.0% |
| Taxes, remuneration and social security | 45 | €11,365 | €9,888 | -€1,477 | -13.0% |
| Taxes | 450/3 | €5,154 | €2,018 | -€3,136 | -60.8% |
| Remuneration and social security | 454/9 | €6,210 | €7,869 | +€1,659 | +26.7% |
| Other amounts payable | 47/48 | €209,815 | €38,179 | -€171,636 | -81.8% |
| Remuneration, social security and pensions | 62 | €63,938 | €130,010 | +€66,072 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,137 | €52,583 | -€554 | -1.0% |
| Other operating charges | 640/8 | €1,478 | €2,552 | +€1,074 | +72.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €299,206 | €494,283 | +€195,076 | +65.2% |
| Operating profit (loss) | 9901 | €180,653 | €309,137 | +€128,484 | +71.1% |
| Financial income | 75/76B | €11,810 | €2,350 | -€9,460 | -80.1% |
| Recurring financial income | 75 | €11,810 | €2,350 | -€9,460 | -80.1% |
| Financial charges | 65/66B | €15,009 | €14,122 | -€887 | -5.9% |
| Recurring financial charges | 65 | €15,009 | €14,122 | -€887 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €177,454 | €297,365 | +€119,911 | +67.6% |
| Income taxes | 67/77 | €43,857 | €95,719 | +€51,862 | +118% |
| Profit (loss) for the period | 9904 | €133,597 | €201,646 | +€68,049 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €133,597 | €201,646 | +€68,049 | +50.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.