AIRG: 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.
AIRG
Largest movements
- Tangible fixed assets +€61,524
up €61,524 (+858.0%), from €7,170 to €68,694
- Financial fixed assets -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Cash +€29,726
up €29,726 (+20.3%), from €146,490 to €176,216
mainly Net result for the year (+€61,638) and Tax, wage and social debts (+€16,598)
- Reserves +€61,545
up €61,545 (+45.6%), from €134,960 to €196,506
- Tax, wage and social debts +€16,598
up €16,598 (+156.0%), from €10,642 to €27,240
- Trade debts -€13,149
down €13,149 (-59.6%), from €22,052 to €8,903
- Other debts -€4,571
down €4,571 (-85.7%), from €5,333 to €762
- Financial income +€12,267
up €12,267, from €0 to €12,267
of which Financial income: +€12,267
- Gross operating margin -€9,785
down €9,785 (-10.6%), from €92,690 to €82,906
- Taxes -€3,001
down €3,001 (-10.1%), from €29,748 to €26,747
- Other operating charges +€1,173
up €1,173 (+108.8%), from €1,079 to €2,252
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 | €186,112 | €248,382 | +€62,270 | +33.5% |
| Fixed assets | 21/28 | €37,170 | €68,694 | +€31,524 | +84.8% |
| Tangible fixed assets | 22/27 | €7,170 | €68,694 | +€61,524 | +858.0% |
| Furniture and vehicles | 24 | €7,170 | €68,694 | +€61,524 | +858.0% |
| Financial fixed assets | 28 | €30,000 | €0 | -€30,000 | -100.0% |
| Current assets | 29/58 | €148,941 | €179,688 | +€30,747 | +20.6% |
| Amounts receivable within one year | 40/41 | €1,766 | €2,614 | +€847 | +48.0% |
| Trade receivables | 40 | - | €2,314 | +€2,314 | |
| Other amounts receivable | 41 | €1,766 | €300 | -€1,466 | -83.0% |
| Cash at bank and in hand | 54/58 | €146,490 | €176,216 | +€29,726 | +20.3% |
| Deferred charges and accrued income | 490/1 | €686 | €859 | +€173 | +25.2% |
| Total equity and liabilities | 10/49 | €186,112 | €248,382 | +€62,270 | +33.5% |
| Equity | 10/15 | €148,085 | €209,723 | +€61,638 | +41.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €134,960 | €196,506 | +€61,545 | +45.6% |
| Distributable reserves | 133 | €134,960 | €196,506 | +€61,545 | +45.6% |
| Profit (loss) carried forward | 14 | €6,125 | €6,217 | +€92 | +1.5% |
| Amounts payable | 17/49 | €38,027 | €38,660 | +€633 | +1.7% |
| Amounts payable within one year | 42/48 | €38,027 | €36,905 | -€1,122 | -2.9% |
| Trade debts | 44 | €22,052 | €8,903 | -€13,149 | -59.6% |
| Suppliers | 440/4 | €22,052 | €8,903 | -€13,149 | -59.6% |
| Taxes, remuneration and social security | 45 | €10,642 | €27,240 | +€16,598 | +156.0% |
| Taxes | 450/3 | €10,642 | €27,240 | +€16,598 | +156.0% |
| Other amounts payable | 47/48 | €5,333 | €762 | -€4,571 | -85.7% |
| Accrued charges and deferred income | 492/3 | - | €1,754 | +€1,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,815 | €4,236 | -€580 | -12.0% |
| Other operating charges | 640/8 | €1,079 | €2,252 | +€1,173 | +108.8% |
| Gross operating margin | 9900 | €92,690 | €82,906 | -€9,785 | -10.6% |
| Operating profit (loss) | 9901 | €86,796 | €76,417 | -€10,379 | -12.0% |
| Financial income | 75/76B | €0 | €12,267 | +€12,267 | |
| Recurring financial income | 75 | €0 | €12,267 | +€12,267 | |
| Non-recurring financial income | 76B | - | €12,267 | +€12,267 | |
| Financial charges | 65/66B | €768 | €300 | -€468 | -60.9% |
| Recurring financial charges | 65 | €768 | €300 | -€468 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €86,028 | €88,385 | +€2,357 | +2.7% |
| Income taxes | 67/77 | €29,748 | €26,747 | -€3,001 | -10.1% |
| Profit (loss) for the period | 9904 | €56,280 | €61,638 | +€5,357 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,280 | €61,638 | +€5,357 | +9.5% |
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 11 October 2026 via checked.be.