AIRDECO: what changed
Two fiscal 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.
AIRDECO
Largest movements
- Tangible fixed assets +€12,823
up €12,823 (+74.3%), from €17,260 to €30,083
of which Furniture and vehicles: +€14,932
- Cash +€10,339
up €10,339 (+195.1%), from €5,298 to €15,638
mainly Debts after one year (+€20,546) and Current portion of long-term debt (+€9,717)
- Stocks and contracts -€6,853
down €6,853 (-20.9%), from €32,853 to €26,000
of which Contracts in progress: -€5,800
- Deferred charges and accrued income -€5,529
down €5,529 (-33.4%), from €16,556 to €11,027
- Receivables within one year +€2,308
up €2,308 (+4.1%), from €56,471 to €58,779
of which Other amounts receivable: +€1,637
- Debts after one year +€20,546
up €20,546 (+153.1%), from €13,421 to €33,967
- Advances received -€10,959
no longer reported in 2024 (was €10,959)
- Trade debts -€10,052
down €10,052 (-46.2%), from €21,737 to €11,685
- Current portion of long-term debt +€9,717
up €9,717 (+25.8%), from €37,645 to €47,362
- Other debts +€7,359
up €7,359 (+62.3%), from €11,817 to €19,177
- Gross operating margin -€2,707
down €2,707 (-18.6%), from €14,579 to €11,872
- Depreciation -€2,044
down €2,044 (-34.7%), from €5,888 to €3,844
- Financial charges +€1,843
up €1,843 (+32.6%), from €5,657 to €7,501
- Taxes +€1,800
up €1,800 (+153.6%), from €1,171 to €2,971
- Other operating charges +€372
up €372 (+18.3%), from €2,036 to €2,408
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,480 | €143,275 | +€12,795 | +9.8% |
| Fixed assets | 21/28 | €19,301 | €31,832 | +€12,530 | +64.9% |
| Intangible fixed assets | 21 | €1,776 | €1,484 | -€293 | -16.5% |
| Tangible fixed assets | 22/27 | €17,260 | €30,083 | +€12,823 | +74.3% |
| Land and buildings | 22 | €17,146 | €15,037 | -€2,110 | -12.3% |
| Furniture and vehicles | 24 | €114 | €15,046 | +€14,932 | +13134.3% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €111,179 | €111,443 | +€264 | +0.2% |
| Stocks and contracts in progress | 3 | €32,853 | €26,000 | -€6,853 | -20.9% |
| Stocks | 30/36 | €27,053 | €26,000 | -€1,053 | -3.9% |
| Contracts in progress | 37 | €5,800 | - | -€5,800 | |
| Amounts receivable within one year | 40/41 | €56,471 | €58,779 | +€2,308 | +4.1% |
| Trade receivables | 40 | €56,471 | €57,141 | +€670 | +1.2% |
| Other amounts receivable | 41 | - | €1,637 | +€1,637 | |
| Cash at bank and in hand | 54/58 | €5,298 | €15,638 | +€10,339 | +195.1% |
| Deferred charges and accrued income | 490/1 | €16,556 | €11,027 | -€5,529 | -33.4% |
| Total equity and liabilities | 10/49 | €130,480 | €143,275 | +€12,795 | +9.8% |
| Equity | 10/15 | €25,792 | €20,949 | -€4,844 | -18.8% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €13,397 | €8,554 | -€4,844 | -36.2% |
| Distributable reserves | 133 | €13,397 | €8,554 | -€4,844 | -36.2% |
| Amounts payable | 17/49 | €104,688 | €122,327 | +€17,638 | +16.8% |
| Amounts payable after more than one year | 17 | €13,421 | €33,967 | +€20,546 | +153.1% |
| Financial debts | 170/4 | €13,421 | €33,967 | +€20,546 | +153.1% |
| Amounts payable within one year | 42/48 | €91,267 | €88,360 | -€2,907 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €37,645 | €47,362 | +€9,717 | +25.8% |
| Trade debts | 44 | €21,737 | €11,685 | -€10,052 | -46.2% |
| Suppliers | 440/4 | €21,737 | €11,685 | -€10,052 | -46.2% |
| Advances received on contracts in progress | 46 | €10,959 | - | -€10,959 | |
| Taxes, remuneration and social security | 45 | €9,109 | €10,136 | +€1,028 | +11.3% |
| Taxes | 450/3 | €9,109 | €10,136 | +€1,028 | +11.3% |
| Other amounts payable | 47/48 | €11,817 | €19,177 | +€7,359 | +62.3% |
| Non-recurring operating income | 76A | - | €2,366 | +€2,366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,888 | €3,844 | -€2,044 | -34.7% |
| Other operating charges | 640/8 | €2,036 | €2,408 | +€372 | +18.3% |
| Gross operating margin | 9900 | €14,579 | €11,872 | -€2,707 | -18.6% |
| Operating profit (loss) | 9901 | €6,656 | €5,620 | -€1,035 | -15.6% |
| Financial income | 75/76B | €177 | €7 | -€170 | -95.8% |
| Recurring financial income | 75 | €177 | €7 | -€170 | -95.8% |
| Financial charges | 65/66B | €5,657 | €7,501 | +€1,843 | +32.6% |
| Recurring financial charges | 65 | €5,657 | €7,501 | +€1,843 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €1,175 | -€1,873 | -€3,048 | |
| Income taxes | 67/77 | €1,171 | €2,971 | +€1,800 | +153.6% |
| Profit (loss) for the period | 9904 | €4 | -€4,844 | -€4,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €4 | -€4,844 | -€4,848 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.