Aircraft Solutions: 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.
Aircraft Solutions
Largest movements
- Stocks and contracts +€366,561
up €366,561 (+45.7%), from €802,555 to €1.2m
of which Contracts in progress: +€505,648
- Cash +€329,740
up €329,740 (+620%), from €53,174 to €382,914
mainly Advances received (+€698,756) and Debts after one year (+€248,721)
- Formation expenses +€89,661
new in 2025: €89,661
- Tangible fixed assets +€83,090
up €83,090 (+344%), from €24,141 to €107,232
of which Other tangible fixed assets: +€71,692
- Receivables within one year -€75,984
down €75,984 (-10.5%), from €726,208 to €650,224
of which Trade receivables: -€77,634
- Advances received +€698,756
up €698,756 (+127%), from €549,594 to €1.2m
- Debts after one year +€248,721
new in 2025: €248,721
- Trade debts -€122,963
down €122,963 (-28.1%), from €437,173 to €314,210
- Accrued charges and deferred income -€79,329
down €79,329 (-98.2%), from €80,745 to €1,416
- Current portion of long-term debt +€47,992
new in 2025: €47,992
- Staff costs +€84,116
up €84,116 (+11.6%), from €725,033 to €809,150
- Depreciation +€25,398
up €25,398 (+378%), from €6,716 to €32,114
- Other operating charges -€22,419
down €22,419 (-48.1%), from €46,584 to €24,165
- Gross operating margin -€14,079
down €14,079 (-1.7%), from €808,121 to €794,042
- Financial income -€12,111
down €12,111 (-50.8%), from €23,860 to €11,749
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 | €1,658,631 | €2,470,990 | +€812,359 | +49.0% |
| Formation expenses | 20 | - | €89,661 | +€89,661 | |
| Fixed assets | 21/28 | €54,041 | €107,357 | +€53,315 | +98.7% |
| Tangible fixed assets | 22/27 | €24,141 | €107,232 | +€83,090 | +344% |
| Plant, machinery and equipment | 23 | €15,858 | €16,584 | +€727 | +4.6% |
| Furniture and vehicles | 24 | €6,265 | €16,937 | +€10,672 | +170% |
| Other tangible fixed assets | 26 | €2,018 | €73,710 | +€71,692 | +3,552% |
| Financial fixed assets | 28 | €29,900 | €125 | -€29,775 | -99.6% |
| Current assets | 29/58 | €1,604,589 | €2,273,972 | +€669,383 | +41.7% |
| Stocks and contracts in progress | 3 | €802,555 | €1,169,116 | +€366,561 | +45.7% |
| Stocks | 30/36 | €725,492 | €586,404 | -€139,087 | -19.2% |
| Contracts in progress | 37 | €77,063 | €582,712 | +€505,648 | +656% |
| Amounts receivable within one year | 40/41 | €726,208 | €650,224 | -€75,984 | -10.5% |
| Trade receivables | 40 | €726,208 | €648,573 | -€77,634 | -10.7% |
| Other amounts receivable | 41 | - | €1,651 | +€1,651 | |
| Cash at bank and in hand | 54/58 | €53,174 | €382,914 | +€329,740 | +620% |
| Deferred charges and accrued income | 490/1 | €22,652 | €71,718 | +€49,065 | +217% |
| Total equity and liabilities | 10/49 | €1,658,631 | €2,470,990 | +€812,359 | +49.0% |
| Equity | 10/15 | €133,217 | €138,687 | +€5,470 | +4.1% |
| Contributions | 10/11 | €630,000 | €630,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€501,783 | -€496,313 | +€5,470 | +1.1% |
| Amounts payable | 17/49 | €1,525,414 | €2,332,302 | +€806,889 | +52.9% |
| Amounts payable after more than one year | 17 | - | €248,721 | +€248,721 | |
| Financial debts | 170/4 | - | €248,721 | +€248,721 | |
| Amounts payable within one year | 42/48 | €1,444,669 | €2,082,165 | +€637,496 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | - | €47,992 | +€47,992 | |
| Financial debts | 43 | €50,000 | €91,319 | +€41,319 | +82.6% |
| Credit institutions | 430/8 | €50,000 | €91,319 | +€41,319 | +82.6% |
| Trade debts | 44 | €437,173 | €314,210 | -€122,963 | -28.1% |
| Suppliers | 440/4 | €437,173 | €314,210 | -€122,963 | -28.1% |
| Advances received on contracts in progress | 46 | €549,594 | €1,248,350 | +€698,756 | +127% |
| Taxes, remuneration and social security | 45 | €366,116 | €378,689 | +€12,573 | +3.4% |
| Taxes | 450/3 | €92,352 | €134,840 | +€42,487 | +46.0% |
| Remuneration and social security | 454/9 | €273,764 | €243,849 | -€29,914 | -10.9% |
| Other amounts payable | 47/48 | €41,785 | €1,605 | -€40,180 | -96.2% |
| Accrued charges and deferred income | 492/3 | €80,745 | €1,416 | -€79,329 | -98.2% |
| Remuneration, social security and pensions | 62 | €725,033 | €809,150 | +€84,116 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,716 | €32,114 | +€25,398 | +378% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,651 | +€6,651 | |
| Other operating charges | 640/8 | €46,584 | €24,165 | -€22,419 | -48.1% |
| Operating charges capitalised as restructuring costs | 649 | - | -€107,593 | -€107,593 | |
| Gross operating margin | 9900 | €808,121 | €794,042 | -€14,079 | -1.7% |
| Operating profit (loss) | 9901 | €29,787 | €29,555 | -€232 | -0.8% |
| Financial income | 75/76B | €23,860 | €11,749 | -€12,111 | -50.8% |
| Recurring financial income | 75 | €23,860 | €11,749 | -€12,111 | -50.8% |
| Financial charges | 65/66B | €42,201 | €35,634 | -€6,567 | -15.6% |
| Recurring financial charges | 65 | €42,201 | €35,634 | -€6,567 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €11,446 | €5,670 | -€5,776 | -50.5% |
| Income taxes | 67/77 | €14 | €200 | +€186 | +1,374% |
| Profit (loss) for the period | 9904 | €11,433 | €5,470 | -€5,962 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,433 | €5,470 | -€5,962 | -52.1% |
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 16 October 2026 via checked.be.