AIRPERFECT: 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.
What changed
AIRPERFECT
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€37,816
2024 · -€7,257-€30,558
Equity
-€63,152
2024 · -€25,336-€37,816
Cash
€41,081
2024 · €45,290-€4,209
Balance sheet total
€1.5m
2024 · €1.6m-€105,238
Largest movements
Assets
- Tangible fixed assets -€71,442
down €71,442 (-4.9%), from €1.5m to €1.4m
of which Land and buildings: -€63,870
- Receivables within one year -€28,160
down €28,160 (-40.7%), from €69,172 to €41,012
of which Trade receivables: -€28,160
Equity and liabilities
- Debts after one year -€65,148
down €65,148 (-5.9%), from €1.1m to €1.0m
of which Financial debts: -€65,148
- Profit (loss) carried forward -€37,816
down €37,816 (-40.5%), from -€93,315 to -€131,130
Income statement
- Gross operating margin -€31,192
down €31,192 (-27.2%), from €114,487 to €83,296
- Financial charges -€1,922
down €1,922 (-10.0%), from €19,201 to €17,278
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.
Result 2024
-€7,257
Gross operating margin
-€31,192
Depreciation
-€647
Other operating charges
-€770
Other operating items
+€158
Financial income
-€33
Financial charges
+€1,922
Taxes
+€5
Result 2025
-€37,816
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€77,987
Investment
-€17,983
Financing
-€64,213
Cash 2024
€45,290
From operations (derived)
+€77,987
Net result for the year
-€37,816
Depreciation
+€89,425
Receivables within one year
+€28,160
Deferred charges and accrued income
+€1,427
Trade debts
-€5,970
Tax, wage and social debts
-€2,098
Other debts
+€530
Accrued charges and deferred income
+€4,330
Investment (derived)
-€17,983
Investment in fixed assets (net)
-€17,983
Financing
-€64,213
Debts after one year
-€65,148
Current portion of long-term debt
+€935
Cash 2025
€41,081
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,580,816 | €1,475,579 | -€105,238 | -6.7% |
| Fixed assets | 21/28 | €1,462,333 | €1,390,891 | -€71,442 | -4.9% |
| Tangible fixed assets | 22/27 | €1,462,133 | €1,390,691 | -€71,442 | -4.9% |
| Land and buildings | 22 | €1,391,853 | €1,327,983 | -€63,870 | -4.6% |
| Plant, machinery and equipment | 23 | €69,901 | €53,040 | -€16,861 | -24.1% |
| Furniture and vehicles | 24 | €379 | €9,668 | +€9,289 | +2,451% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €118,483 | €84,688 | -€33,795 | -28.5% |
| Amounts receivable within one year | 40/41 | €69,172 | €41,012 | -€28,160 | -40.7% |
| Trade receivables | 40 | €69,045 | €40,885 | -€28,160 | -40.8% |
| Other amounts receivable | 41 | €127 | €127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,290 | €41,081 | -€4,209 | -9.3% |
| Deferred charges and accrued income | 490/1 | €4,022 | €2,595 | -€1,427 | -35.5% |
| Total equity and liabilities | 10/49 | €1,580,816 | €1,475,579 | -€105,238 | -6.7% |
| Equity | 10/15 | -€25,336 | -€63,152 | -€37,816 | -149% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,779 | €61,779 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,950 | €8,950 | = | 0.0% |
| Distributable reserves | 133 | €50,969 | €50,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,315 | -€131,130 | -€37,816 | -40.5% |
| Amounts payable | 17/49 | €1,606,152 | €1,538,730 | -€67,422 | -4.2% |
| Amounts payable after more than one year | 17 | €1,112,464 | €1,047,316 | -€65,148 | -5.9% |
| Financial debts | 170/4 | €895,964 | €830,816 | -€65,148 | -7.3% |
| Other amounts payable | 178/9 | €216,500 | €216,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €475,254 | €468,650 | -€6,604 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €64,213 | €65,148 | +€935 | +1.5% |
| Trade debts | 44 | €38,817 | €32,846 | -€5,970 | -15.4% |
| Suppliers | 440/4 | €38,817 | €32,846 | -€5,970 | -15.4% |
| Advances received on contracts in progress | 46 | €33,081 | €33,081 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,134 | €6,036 | -€2,098 | -25.8% |
| Taxes | 450/3 | €8,134 | €6,036 | -€2,098 | -25.8% |
| Other amounts payable | 47/48 | €331,009 | €331,539 | +€530 | +0.2% |
| Accrued charges and deferred income | 492/3 | €18,434 | €22,764 | +€4,330 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,778 | €89,425 | +€647 | +0.7% |
| Other operating charges | 640/8 | €13,424 | €14,194 | +€770 | +5.7% |
| Non-recurring operating charges | 66A | €158 | €0 | -€158 | -100% |
| Gross operating margin | 9900 | €114,487 | €83,296 | -€31,192 | -27.2% |
| Operating profit (loss) | 9901 | €12,128 | -€20,324 | -€32,452 | |
| Financial income | 75/76B | €33 | €0 | -€33 | -100% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -100% |
| Financial charges | 65/66B | €19,201 | €17,278 | -€1,922 | -10.0% |
| Recurring financial charges | 65 | €19,201 | €17,278 | -€1,922 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,039 | -€37,602 | -€30,563 | -434% |
| Income taxes | 67/77 | €218 | €214 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€7,257 | -€37,816 | -€30,558 | -421% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,257 | -€37,816 | -€30,558 | -421% |
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 20 October 2026 via checked.be.