AIRLABEL: 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.
AIRLABEL
Largest movements
- Cash -€172,890
down €172,890 (-81.5%), from €212,052 to €39,163
mainly Net result for the year (-€275,983) and Tax, wage and social debts (-€28,190)
- Receivables within one year -€56,775
down €56,775 (-43.8%), from €129,568 to €72,793
of which Trade receivables: -€76,088
- Tangible fixed assets -€13,956
down €13,956 (-61.7%), from €22,624 to €8,668
- Intangible fixed assets -€8,404
down €8,404 (-25.7%), from €32,655 to €24,251
- Profit (loss) carried forward -€275,983
down €275,983 (-36.4%), from -€758,261 to -€1.0m
- Trade debts +€46,044
up €46,044 (+96.9%), from €47,517 to €93,561
of which Suppliers: +€49,365
- Provisions +€40,000
new in 2025: €40,000
- Tax, wage and social debts -€28,190
down €28,190 (-67.4%), from €41,838 to €13,648
of which Remuneration and social security: -€23,823
- Current portion of long-term debt -€19,078
down €19,078 (-68.4%), from €27,886 to €8,808
- Provisions +€66,125
up €66,125, from -€26,125 to €40,000
- Gross operating margin -€56,128
down €56,128 (-65.9%), from €85,145 to €29,017
- Staff costs +€35,616
up €35,616 (+21.5%), from €165,651 to €201,267
- Depreciation -€19,887
down €19,887 (-42.3%), from €47,063 to €27,176
- Other operating charges -€3,368
down €3,368 (-24.3%), from €13,870 to €10,502
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 | €398,812 | €147,779 | -€251,033 | -62.9% |
| Fixed assets | 21/28 | €57,097 | €34,738 | -€22,360 | -39.2% |
| Intangible fixed assets | 21 | €32,655 | €24,251 | -€8,404 | -25.7% |
| Tangible fixed assets | 22/27 | €22,624 | €8,668 | -€13,956 | -61.7% |
| Furniture and vehicles | 24 | €22,624 | €8,668 | -€13,956 | -61.7% |
| Financial fixed assets | 28 | €1,818 | €1,818 | = | 0.0% |
| Current assets | 29/58 | €341,715 | €113,041 | -€228,674 | -66.9% |
| Amounts receivable within one year | 40/41 | €129,568 | €72,793 | -€56,775 | -43.8% |
| Trade receivables | 40 | €98,464 | €22,376 | -€76,088 | -77.3% |
| Other amounts receivable | 41 | €31,104 | €50,418 | +€19,313 | +62.1% |
| Cash at bank and in hand | 54/58 | €212,052 | €39,163 | -€172,890 | -81.5% |
| Deferred charges and accrued income | 490/1 | €94 | €1,085 | +€991 | +1049.0% |
| Total equity and liabilities | 10/49 | €398,812 | €147,779 | -€251,033 | -62.9% |
| Equity | 10/15 | €264,485 | -€14,291 | -€278,776 | |
| Contributions | 10/11 | €1,018,600 | €1,018,600 | = | 0.0% |
| Reserves | 13 | €99 | €99 | = | 0.0% |
| Non-distributable reserves | 130/1 | €99 | €99 | = | 0.0% |
| Reserves not available under the articles | 1311 | €99 | €99 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€758,261 | -€1,034,244 | -€275,983 | -36.4% |
| Investment grants | 15 | €4,047 | €1,255 | -€2,793 | -69.0% |
| Provisions and deferred taxes | 16 | - | €40,000 | +€40,000 | |
| Provisions for liabilities and charges | 160/5 | - | €40,000 | +€40,000 | |
| Other liabilities and charges | 164/5 | - | €40,000 | +€40,000 | |
| Amounts payable | 17/49 | €134,327 | €122,070 | -€12,257 | -9.1% |
| Amounts payable after more than one year | 17 | €6,617 | - | -€6,617 | |
| Financial debts | 170/4 | €6,617 | - | -€6,617 | |
| Amounts payable within one year | 42/48 | €117,241 | €116,017 | -€1,224 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €27,886 | €8,808 | -€19,078 | -68.4% |
| Trade debts | 44 | €47,517 | €93,561 | +€46,044 | +96.9% |
| Suppliers | 440/4 | €37,767 | €87,132 | +€49,365 | +130.7% |
| Bills of exchange payable | 441 | €9,750 | €6,429 | -€3,321 | -34.1% |
| Taxes, remuneration and social security | 45 | €41,838 | €13,648 | -€28,190 | -67.4% |
| Taxes | 450/3 | €5,119 | €752 | -€4,367 | -85.3% |
| Remuneration and social security | 454/9 | €36,720 | €12,896 | -€23,823 | -64.9% |
| Accrued charges and deferred income | 492/3 | €10,468 | €6,053 | -€4,416 | -42.2% |
| Non-recurring operating income | 76A | €25,559 | €12,343 | -€13,216 | -51.7% |
| Remuneration, social security and pensions | 62 | €165,651 | €201,267 | +€35,616 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,063 | €27,176 | -€19,887 | -42.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,125 | €40,000 | +€66,125 | |
| Other operating charges | 640/8 | €13,870 | €10,502 | -€3,368 | -24.3% |
| Non-recurring operating charges | 66A | €26,790 | €25,187 | -€1,603 | -6.0% |
| Gross operating margin | 9900 | €85,145 | €29,017 | -€56,128 | -65.9% |
| Operating profit (loss) | 9901 | -€142,103 | -€275,115 | -€133,011 | -93.6% |
| Financial income | 75/76B | €2,798 | €2,793 | -€6 | -0.2% |
| Recurring financial income | 75 | €2,798 | €2,793 | -€6 | -0.2% |
| Financial charges | 65/66B | €4,397 | €3,502 | -€896 | -20.4% |
| Recurring financial charges | 65 | €4,397 | €3,502 | -€896 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€143,702 | -€275,824 | -€132,122 | -91.9% |
| Income taxes | 67/77 | €178 | €159 | -€19 | -10.6% |
| Profit (loss) for the period | 9904 | -€143,881 | -€275,983 | -€132,103 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,881 | -€275,983 | -€132,103 | -91.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.