AIRPLUS: 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.
AIRPLUS
Largest movements
- Current investments -€54,823
down €54,823 (-6.0%), from €912,944 to €858,121
- Deferred charges and accrued income +€50,527
up €50,527 (+1190.6%), from €4,244 to €54,771
- Tangible fixed assets +€41,405
up €41,405 (+382.3%), from €10,831 to €52,236
of which Furniture and vehicles: +€42,005
- Cash +€39,708
up €39,708 (+18.1%), from €219,075 to €258,784
mainly Net result for the year (+€100,921) and Current investments (+€54,823)
- Reserves +€100,900
up €100,900 (+9.2%), from €1.1m to €1.2m
- Tax, wage and social debts -€13,593
down €13,593 (-49.7%), from €27,335 to €13,742
- Financial charges +€53,886
up €53,886 (+1598.4%), from €3,371 to €57,257
- Gross operating margin +€34,186
up €34,186 (+24.1%), from €141,572 to €175,759
- Financial income +€11,507
up €11,507 (+27.4%), from €41,939 to €53,446
- Taxes +€5,108
up €5,108 (+9.1%), from €56,175 to €61,283
- Depreciation +€2,434
up €2,434 (+42.0%), from €5,790 to €8,224
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 | €1,165,981 | €1,252,034 | +€86,054 | +7.4% |
| Fixed assets | 21/28 | €10,831 | €52,236 | +€41,405 | +382.3% |
| Tangible fixed assets | 22/27 | €10,831 | €52,236 | +€41,405 | +382.3% |
| Plant, machinery and equipment | 23 | €10,831 | €5,232 | -€5,600 | -51.7% |
| Furniture and vehicles | 24 | €0 | €42,005 | +€42,005 | |
| Assets under construction and advance payments | 27 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €1,155,149 | €1,199,798 | +€44,649 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,886 | €28,122 | +€9,236 | +48.9% |
| Other amounts receivable | 41 | €18,886 | €28,122 | +€9,236 | +48.9% |
| Current investments | 50/53 | €912,944 | €858,121 | -€54,823 | -6.0% |
| Cash at bank and in hand | 54/58 | €219,075 | €258,784 | +€39,708 | +18.1% |
| Deferred charges and accrued income | 490/1 | €4,244 | €54,771 | +€50,527 | +1190.6% |
| Total equity and liabilities | 10/49 | €1,165,981 | €1,252,034 | +€86,054 | +7.4% |
| Equity | 10/15 | €1,135,652 | €1,236,573 | +€100,921 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,102,260 | €1,203,160 | +€100,900 | +9.2% |
| Distributable reserves | 133 | €1,102,260 | €1,203,160 | +€100,900 | +9.2% |
| Profit (loss) carried forward | 14 | €20,992 | €21,013 | +€21 | +0.1% |
| Amounts payable | 17/49 | €30,329 | €15,462 | -€14,867 | -49.0% |
| Amounts payable within one year | 42/48 | €30,329 | €15,409 | -€14,920 | -49.2% |
| Trade debts | 44 | €1,925 | €1,667 | -€258 | -13.4% |
| Suppliers | 440/4 | €1,925 | €1,667 | -€258 | -13.4% |
| Taxes, remuneration and social security | 45 | €27,335 | €13,742 | -€13,593 | -49.7% |
| Taxes | 450/3 | €27,335 | €13,742 | -€13,593 | -49.7% |
| Other amounts payable | 47/48 | €1,069 | €0 | -€1,069 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €53 | +€53 | |
| Non-recurring operating income | 76A | €398 | €0 | -€398 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,790 | €8,224 | +€2,434 | +42.0% |
| Other operating charges | 640/8 | €1,468 | €1,520 | +€51 | +3.5% |
| Gross operating margin | 9900 | €141,572 | €175,759 | +€34,186 | +24.1% |
| Operating profit (loss) | 9901 | €134,314 | €166,015 | +€31,701 | +23.6% |
| Financial income | 75/76B | €41,939 | €53,446 | +€11,507 | +27.4% |
| Recurring financial income | 75 | €41,939 | €53,446 | +€11,507 | +27.4% |
| Financial charges | 65/66B | €3,371 | €57,257 | +€53,886 | +1598.4% |
| Recurring financial charges | 65 | €3,371 | €57,257 | +€53,886 | +1598.4% |
| Profit (loss) for the period before taxes | 9903 | €172,882 | €162,204 | -€10,678 | -6.2% |
| Income taxes | 67/77 | €56,175 | €61,283 | +€5,108 | +9.1% |
| Profit (loss) for the period | 9904 | €116,707 | €100,921 | -€15,786 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,707 | €100,921 | -€15,786 | -13.5% |
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 29 September 2026 via checked.be.