AIRFLOW: 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.
AIRFLOW
Largest movements
- Cash -€23,223
down €23,223 (-71.9%), from €32,317 to €9,094
mainly Tax, wage and social debts (-€19,884) and Receivables within one year (-€16,362)
- Receivables within one year +€16,362
up €16,362 (+28.8%), from €56,814 to €73,176
of which Other amounts receivable: +€9,462
- Current investments +€12,022
up €12,022 (+1202.3%), from €1,000 to €13,022
- Tangible fixed assets -€1,352
down €1,352 (-7.7%), from €17,664 to €16,311
of which Plant, machinery and equipment: -€809
- Profit (loss) carried forward +€23,998
up €23,998, from -€725 to €23,273
- Tax, wage and social debts -€19,884
down €19,884 (-93.7%), from €21,216 to €1,332
of which Taxes: -€19,485
- Trade debts -€10,340
down €10,340 (-44.9%), from €23,022 to €12,682
- Other debts +€3,904
up €3,904 (+435.8%), from €896 to €4,800
- Debts after one year +€3,493
new in 2025: €3,493
- Gross operating margin +€45,406
up €45,406 (+274.2%), from €16,557 to €61,963
- Taxes +€7,917
up €7,917 (+619.2%), from €1,279 to €9,196
- Staff costs +€4,434
up €4,434 (+40.6%), from €10,923 to €15,357
- Depreciation +€3,127
up €3,127 (+116.8%), from €2,677 to €5,804
- Other operating charges -€1,057
down €1,057 (-53.4%), from €1,979 to €922
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.
Cash bridge derived
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 | €112,609 | €116,843 | +€4,235 | +3.8% |
| Fixed assets | 21/28 | €17,923 | €16,571 | -€1,352 | -7.5% |
| Tangible fixed assets | 22/27 | €17,664 | €16,311 | -€1,352 | -7.7% |
| Plant, machinery and equipment | 23 | €2,656 | €1,847 | -€809 | -30.4% |
| Furniture and vehicles | 24 | €15,008 | €14,464 | -€544 | -3.6% |
| Financial fixed assets | 28 | €259 | €259 | = | 0.0% |
| Current assets | 29/58 | €94,686 | €100,273 | +€5,587 | +5.9% |
| Amounts receivable within one year | 40/41 | €56,814 | €73,176 | +€16,362 | +28.8% |
| Trade receivables | 40 | €37,724 | €44,624 | +€6,900 | +18.3% |
| Other amounts receivable | 41 | €19,089 | €28,552 | +€9,462 | +49.6% |
| Current investments | 50/53 | €1,000 | €13,022 | +€12,022 | +1202.3% |
| Cash at bank and in hand | 54/58 | €32,317 | €9,094 | -€23,223 | -71.9% |
| Deferred charges and accrued income | 490/1 | €4,555 | €4,981 | +€426 | +9.4% |
| Total equity and liabilities | 10/49 | €112,609 | €116,843 | +€4,235 | +3.8% |
| Equity | 10/15 | €52,475 | €76,473 | +€23,998 | +45.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,200 | €51,200 | = | 0.0% |
| Distributable reserves | 133 | €51,200 | €51,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€725 | €23,273 | +€23,998 | |
| Amounts payable | 17/49 | €60,134 | €40,370 | -€19,763 | -32.9% |
| Amounts payable after more than one year | 17 | - | €3,493 | +€3,493 | |
| Financial debts | 170/4 | - | €3,493 | +€3,493 | |
| Amounts payable within one year | 42/48 | €60,134 | €36,877 | -€23,257 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,063 | +€3,063 | |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €23,022 | €12,682 | -€10,340 | -44.9% |
| Suppliers | 440/4 | €23,022 | €12,682 | -€10,340 | -44.9% |
| Taxes, remuneration and social security | 45 | €21,216 | €1,332 | -€19,884 | -93.7% |
| Taxes | 450/3 | €20,685 | €1,200 | -€19,485 | -94.2% |
| Remuneration and social security | 454/9 | €531 | €132 | -€399 | -75.1% |
| Other amounts payable | 47/48 | €896 | €4,800 | +€3,904 | +435.8% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €10,923 | €15,357 | +€4,434 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,677 | €5,804 | +€3,127 | +116.8% |
| Other operating charges | 640/8 | €1,979 | €922 | -€1,057 | -53.4% |
| Non-recurring operating charges | 66A | €178 | - | -€178 | |
| Gross operating margin | 9900 | €16,557 | €61,963 | +€45,406 | +274.2% |
| Operating profit (loss) | 9901 | €800 | €39,881 | +€39,080 | +4884.8% |
| Financial income | 75/76B | €11 | €146 | +€134 | +1200.2% |
| Recurring financial income | 75 | €11 | €146 | +€134 | +1200.2% |
| Financial charges | 65/66B | €265 | €832 | +€567 | +213.8% |
| Recurring financial charges | 65 | €265 | €832 | +€567 | +213.8% |
| Profit (loss) for the period before taxes | 9903 | €546 | €39,194 | +€38,648 | +7078.4% |
| Income taxes | 67/77 | €1,279 | €9,196 | +€7,917 | +619.2% |
| Profit (loss) for the period | 9904 | -€733 | €29,998 | +€30,731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€733 | €29,998 | +€30,731 |
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 12 October 2026 via checked.be.