AIRCOACH: 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.
AIRCOACH
Largest movements
- Tangible fixed assets +€48,116
up €48,116 (+273%), from €17,597 to €65,713
of which Furniture and vehicles: +€48,713
- Cash +€25,133
up €25,133 (+47.8%), from €52,580 to €77,712
mainly Net result for the year (+€73,832) and Debts after one year (+€27,094)
- Receivables within one year +€6,455
up €6,455 (+59.5%), from €10,856 to €17,312
of which Trade receivables: +€5,082
- Deferred charges and accrued income -€2,960
no longer reported in 2025 (was €2,960)
- Receivables after one year +€1,698
new in 2025: €1,698
- Reserves +€32,114
up €32,114 (+54.7%), from €58,663 to €90,776
- Debts after one year +€27,094
up €27,094 (+257%), from €10,551 to €37,644
- Tax, wage and social debts +€14,190
new in 2025: €14,190
- Current portion of long-term debt +€9,831
up €9,831 (+197%), from €4,993 to €14,824
- Trade debts -€4,787
no longer reported in 2025 (was €4,787)
- Gross operating margin +€70,136
up €70,136 (+148%), from €47,412 to €117,548
- Taxes +€19,700
up €19,700 (+176%), from €11,171 to €30,871
- Depreciation +€3,828
up €3,828 (+61.7%), from €6,207 to €10,034
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 | €83,994 | €162,435 | +€78,441 | +93.4% |
| Fixed assets | 21/28 | €17,597 | €65,713 | +€48,116 | +273% |
| Tangible fixed assets | 22/27 | €17,597 | €65,713 | +€48,116 | +273% |
| Plant, machinery and equipment | 23 | €1,098 | €501 | -€597 | -54.4% |
| Furniture and vehicles | 24 | €16,499 | €65,212 | +€48,713 | +295% |
| Current assets | 29/58 | €66,397 | €96,722 | +€30,325 | +45.7% |
| Amounts receivable after more than one year | 29 | - | €1,698 | +€1,698 | |
| Other amounts receivable | 291 | - | €1,698 | +€1,698 | |
| Amounts receivable within one year | 40/41 | €10,856 | €17,312 | +€6,455 | +59.5% |
| Trade receivables | 40 | €3,662 | €8,744 | +€5,082 | +139% |
| Other amounts receivable | 41 | €7,194 | €8,568 | +€1,373 | +19.1% |
| Cash at bank and in hand | 54/58 | €52,580 | €77,712 | +€25,133 | +47.8% |
| Deferred charges and accrued income | 490/1 | €2,960 | - | -€2,960 | |
| Total equity and liabilities | 10/49 | €83,994 | €162,435 | +€78,441 | +93.4% |
| Equity | 10/15 | €63,663 | €95,776 | +€32,114 | +50.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €58,663 | €90,776 | +€32,114 | +54.7% |
| Distributable reserves | 133 | €58,663 | €90,776 | +€32,114 | +54.7% |
| Amounts payable | 17/49 | €20,331 | €66,659 | +€46,328 | +228% |
| Amounts payable after more than one year | 17 | €10,551 | €37,644 | +€27,094 | +257% |
| Financial debts | 170/4 | €10,551 | €37,644 | +€27,094 | +257% |
| Amounts payable within one year | 42/48 | €9,780 | €29,014 | +€19,234 | +197% |
| Current portion of amounts payable after more than one year | 42 | €4,993 | €14,824 | +€9,831 | +197% |
| Trade debts | 44 | €4,787 | - | -€4,787 | |
| Suppliers | 440/4 | €4,787 | - | -€4,787 | |
| Taxes, remuneration and social security | 45 | - | €14,190 | +€14,190 | |
| Taxes | 450/3 | - | €14,190 | +€14,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,207 | €10,034 | +€3,828 | +61.7% |
| Other operating charges | 640/8 | €2,484 | €2,669 | +€185 | +7.5% |
| Gross operating margin | 9900 | €47,412 | €117,548 | +€70,136 | +148% |
| Operating profit (loss) | 9901 | €38,721 | €104,844 | +€66,123 | +171% |
| Financial charges | 65/66B | €832 | €142 | -€690 | -82.9% |
| Recurring financial charges | 65 | €832 | €142 | -€690 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €37,890 | €104,702 | +€66,813 | +176% |
| Income taxes | 67/77 | €11,171 | €30,871 | +€19,700 | +176% |
| Profit (loss) for the period | 9904 | €26,719 | €73,832 | +€47,113 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €26,719 | €73,832 | +€47,113 | +176% |
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.