Airno: 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.
Airno
Largest movements
- Receivables within one year -€26,914
down €26,914 (-43.4%), from €62,066 to €35,152
of which Trade receivables: -€28,466
- Cash +€8,488
up €8,488 (+31.1%), from €27,304 to €35,792
mainly Receivables within one year (+€26,914) and Depreciation (+€3,673)
- Tangible fixed assets +€3,662
up €3,662 (+26.4%), from €13,881 to €17,543
of which Plant, machinery and equipment: +€3,539
- Trade debts -€6,625
down €6,625 (-19.9%), from €33,301 to €26,676
- Tax, wage and social debts -€6,456
down €6,456 (-53.1%), from €12,157 to €5,701
of which Taxes: -€6,456
- Reserves +€2,992
up €2,992 (+5.9%), from €50,893 to €53,885
- Advances received -€2,604
down €2,604 (-100%), from €2,604 to €0
- Other debts -€1,718
down €1,718 (-100%), from €1,718 to €0
- Gross operating margin -€5,000
down €5,000 (-33.1%), from €15,086 to €10,086
- Financial charges -€1,583
down €1,583 (-58.0%), from €2,727 to €1,144
- Other operating charges -€1,539
down €1,539 (-54.7%), from €2,813 to €1,274
- Taxes +€219
up €219 (+10.4%), from €2,109 to €2,328
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 | €103,251 | €88,840 | -€14,411 | -14.0% |
| Fixed assets | 21/28 | €13,881 | €17,543 | +€3,662 | +26.4% |
| Tangible fixed assets | 22/27 | €13,881 | €17,543 | +€3,662 | +26.4% |
| Land and buildings | 22 | €5,229 | €4,858 | -€371 | -7.1% |
| Plant, machinery and equipment | 23 | €691 | €4,229 | +€3,539 | +512% |
| Furniture and vehicles | 24 | €7,962 | €6,779 | -€1,183 | -14.9% |
| Other tangible fixed assets | 26 | - | €1,677 | +€1,677 | |
| Current assets | 29/58 | €89,370 | €71,297 | -€18,073 | -20.2% |
| Amounts receivable within one year | 40/41 | €62,066 | €35,152 | -€26,914 | -43.4% |
| Trade receivables | 40 | €35,195 | €6,729 | -€28,466 | -80.9% |
| Other amounts receivable | 41 | €26,871 | €28,423 | +€1,552 | +5.8% |
| Cash at bank and in hand | 54/58 | €27,304 | €35,792 | +€8,488 | +31.1% |
| Deferred charges and accrued income | 490/1 | €0 | €353 | +€353 | |
| Total equity and liabilities | 10/49 | €103,251 | €88,840 | -€14,411 | -14.0% |
| Equity | 10/15 | €53,471 | €56,463 | +€2,992 | +5.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,893 | €53,885 | +€2,992 | +5.9% |
| Distributable reserves | 133 | €50,893 | €53,885 | +€2,992 | +5.9% |
| Profit (loss) carried forward | 14 | €78 | €78 | = | 0.0% |
| Amounts payable | 17/49 | €49,780 | €32,377 | -€17,403 | -35.0% |
| Amounts payable within one year | 42/48 | €49,780 | €32,377 | -€17,403 | -35.0% |
| Trade debts | 44 | €33,301 | €26,676 | -€6,625 | -19.9% |
| Suppliers | 440/4 | €33,301 | €26,676 | -€6,625 | -19.9% |
| Advances received on contracts in progress | 46 | €2,604 | €0 | -€2,604 | -100% |
| Taxes, remuneration and social security | 45 | €12,157 | €5,701 | -€6,456 | -53.1% |
| Taxes | 450/3 | €10,157 | €3,701 | -€6,456 | -63.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,718 | €0 | -€1,718 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,549 | €3,673 | +€124 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,813 | €1,274 | -€1,539 | -54.7% |
| Gross operating margin | 9900 | €15,086 | €10,086 | -€5,000 | -33.1% |
| Operating profit (loss) | 9901 | €8,725 | €5,139 | -€3,585 | -41.1% |
| Financial income | 75/76B | €1,408 | €1,325 | -€83 | -5.9% |
| Recurring financial income | 75 | €1,408 | €1,325 | -€83 | -5.9% |
| Financial charges | 65/66B | €2,727 | €1,144 | -€1,583 | -58.0% |
| Recurring financial charges | 65 | €2,727 | €1,144 | -€1,583 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €7,405 | €5,320 | -€2,086 | -28.2% |
| Income taxes | 67/77 | €2,109 | €2,328 | +€219 | +10.4% |
| Profit (loss) for the period | 9904 | €5,296 | €2,992 | -€2,304 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,296 | €2,992 | -€2,304 | -43.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.