AIRPORT BORDER: 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.
AIRPORT BORDER
Largest movements
- Tangible fixed assets -€655,437
down €655,437 (-4.2%), from €15.5m to €14.8m
of which Land and buildings: -€906,906
- Cash -€619,692
down €619,692 (-85.6%), from €724,308 to €104,616
mainly Current portion of long-term debt (-€18.3m) and Net result for the year (-€1.0m)
- Current portion of long-term debt -€18.3m
down €18.3m (-96.7%), from €19.0m to €632,880
- Debts after one year +€18.1m
up €18.1m (+6,730%), from €269,488 to €18.4m
- Profit (loss) carried forward -€1.0m
down €1.0m (-29.7%), from -€3.4m to -€4.4m
- Other debts +€263,079
up €263,079 (+29.2%), from €900,202 to €1.2m
- Gross operating margin -€317,277
down €317,277 (-23.1%), from €1.4m to €1.1m
- Other operating charges +€91,972
up €91,972 (+103%), from €89,123 to €181,095
- Financial charges -€86,279
down €86,279 (-8.0%), from €1.1m to €990,838
- Financial income -€32,675
down €32,675 (-31.8%), from €102,856 to €70,182
- Depreciation +€21,549
up €21,549 (+2.3%), from €950,349 to €971,898
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 | €19,233,752 | €18,191,578 | -€1.0m | -5.4% |
| Fixed assets | 21/28 | €15,497,495 | €14,842,058 | -€655,437 | -4.2% |
| Tangible fixed assets | 22/27 | €15,497,495 | €14,842,058 | -€655,437 | -4.2% |
| Land and buildings | 22 | €15,497,495 | €14,590,589 | -€906,906 | -5.9% |
| Assets under construction and advance payments | 27 | - | €251,469 | +€251,469 | |
| Current assets | 29/58 | €3,736,257 | €3,349,520 | -€386,737 | -10.4% |
| Amounts receivable after more than one year | 29 | €2,306,567 | €2,306,567 | = | 0.0% |
| Other amounts receivable | 291 | €2,306,567 | €2,306,567 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €557,881 | €645,954 | +€88,074 | +15.8% |
| Trade receivables | 40 | €329,100 | €428,832 | +€99,732 | +30.3% |
| Other amounts receivable | 41 | €228,781 | €217,122 | -€11,659 | -5.1% |
| Cash at bank and in hand | 54/58 | €724,308 | €104,616 | -€619,692 | -85.6% |
| Deferred charges and accrued income | 490/1 | €147,501 | €292,383 | +€144,882 | +98.2% |
| Total equity and liabilities | 10/49 | €19,233,752 | €18,191,578 | -€1.0m | -5.4% |
| Equity | 10/15 | -€1,702,983 | -€2,721,117 | -€1.0m | -59.8% |
| Contributions | 10/11 | €1,561,729 | €1,561,729 | = | 0.0% |
| Reserves | 13 | €163,531 | €163,531 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156,173 | €156,173 | = | 0.0% |
| Reserves not available under the articles | 1311 | €156,173 | €156,173 | = | 0.0% |
| Distributable reserves | 133 | €7,359 | €7,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,428,244 | -€4,446,377 | -€1.0m | -29.7% |
| Amounts payable | 17/49 | €20,936,735 | €20,912,695 | -€24,040 | -0.1% |
| Amounts payable after more than one year | 17 | €269,488 | €18,405,085 | +€18.1m | +6,730% |
| Financial debts | 170/4 | €269,488 | €18,405,085 | +€18.1m | +6,730% |
| Amounts payable within one year | 42/48 | €20,195,468 | €2,076,237 | -€18.1m | -89.7% |
| Current portion of amounts payable after more than one year | 42 | €18,966,230 | €632,880 | -€18.3m | -96.7% |
| Financial debts | 43 | - | €2,631 | +€2,631 | |
| Credit institutions | 430/8 | - | €2,631 | +€2,631 | |
| Trade debts | 44 | €329,035 | €277,445 | -€51,591 | -15.7% |
| Suppliers | 440/4 | €329,035 | €277,445 | -€51,591 | -15.7% |
| Other amounts payable | 47/48 | €900,202 | €1,163,281 | +€263,079 | +29.2% |
| Accrued charges and deferred income | 492/3 | €471,780 | €431,373 | -€40,406 | -8.6% |
| Non-recurring operating income | 76A | €12,563 | €0 | -€12,563 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950,349 | €971,898 | +€21,549 | +2.3% |
| Other operating charges | 640/8 | €89,123 | €181,095 | +€91,972 | +103% |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €1,372,974 | €1,055,697 | -€317,277 | -23.1% |
| Operating profit (loss) | 9901 | €333,502 | -€97,477 | -€430,979 | |
| Financial income | 75/76B | €102,856 | €70,182 | -€32,675 | -31.8% |
| Recurring financial income | 75 | €102,856 | €70,182 | -€32,675 | -31.8% |
| Financial charges | 65/66B | €1,077,117 | €990,838 | -€86,279 | -8.0% |
| Recurring financial charges | 65 | €1,077,117 | €990,838 | -€86,279 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€640,759 | -€1,018,134 | -€377,375 | -58.9% |
| Profit (loss) for the period | 9904 | -€640,759 | -€1,018,134 | -€377,375 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€640,759 | -€1,018,134 | -€377,375 | -58.9% |
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 13 October 2026 via checked.be.