AIRPORT DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Receivables within one year -€134,518
down €134,518 (-1.4%), from €9.8m to €9.7m
- Other debts -€342,957
down €342,957 (-3.7%), from €9.3m to €9.0m
- Profit (loss) carried forward +€228,421
up €228,421 (+9.7%), from -€2.4m to -€2.1m
- Gross operating margin +€253,748
up €253,748, from -€172,420 to €81,328
- Financial charges -€144,851
down €144,851 (-34.2%), from €423,241 to €278,390
of which Financial charges: -€128,851
- Financial income -€135,949
down €135,949 (-24.2%), from €562,430 to €426,482
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,896,705 | €12,812,187 | -€84,518 | -0.7% |
| Fixed assets | 21/28 | €2,180,511 | €2,230,511 | +€50,000 | +2.3% |
| Financial fixed assets | 28 | €2,180,511 | €2,230,511 | +€50,000 | +2.3% |
| Current assets | 29/58 | €10,716,194 | €10,581,676 | -€134,518 | -1.3% |
| Amounts receivable within one year | 40/41 | €9,792,194 | €9,657,676 | -€134,518 | -1.4% |
| Other amounts receivable | 41 | €9,792,194 | €9,657,676 | -€134,518 | -1.4% |
| Deferred charges and accrued income | 490/1 | €924,000 | €924,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,896,705 | €12,812,187 | -€84,518 | -0.7% |
| Equity | 10/15 | €2,758,235 | €2,986,657 | +€228,421 | +8.3% |
| Contributions | 10/11 | €5,062,000 | €5,062,000 | = | 0.0% |
| Capital | 10 | €5,061,590 | €5,061,590 | = | 0.0% |
| Issued capital | 100 | €5,061,590 | €5,061,590 | = | 0.0% |
| Contributions outside capital | 11 | €410 | €410 | = | 0.0% |
| Share premium | 1100/10 | €410 | €410 | = | 0.0% |
| Reserves | 13 | €52,527 | €52,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,527 | €52,527 | = | 0.0% |
| Legal reserve | 130 | €52,527 | €52,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,356,292 | -€2,127,870 | +€228,421 | +9.7% |
| Amounts payable | 17/49 | €10,138,470 | €9,825,530 | -€312,940 | -3.1% |
| Amounts payable within one year | 42/48 | €9,409,165 | €9,096,225 | -€312,940 | -3.3% |
| Trade debts | 44 | €73,234 | €103,251 | +€30,017 | +41.0% |
| Suppliers | 440/4 | €73,234 | €103,251 | +€30,017 | +41.0% |
| Other amounts payable | 47/48 | €9,335,931 | €8,992,974 | -€342,957 | -3.7% |
| Accrued charges and deferred income | 492/3 | €729,305 | €729,305 | = | 0.0% |
| Non-recurring operating income | 76A | - | €210,356 | +€210,356 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€172,420 | €81,328 | +€253,748 | |
| Operating profit (loss) | 9901 | -€173,388 | €80,329 | +€253,717 | |
| Financial income | 75/76B | €562,430 | €426,482 | -€135,949 | -24.2% |
| Recurring financial income | 75 | €562,430 | €426,482 | -€135,949 | -24.2% |
| Financial charges | 65/66B | €423,241 | €278,390 | -€144,851 | -34.2% |
| Recurring financial charges | 65 | €407,241 | €278,390 | -€128,851 | -31.6% |
| Non-recurring financial charges | 66B | €16,000 | - | -€16,000 | |
| Profit (loss) for the period before taxes | 9903 | -€34,198 | €228,421 | +€262,620 | |
| Profit (loss) for the period | 9904 | -€34,198 | €228,421 | +€262,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,198 | €228,421 | +€262,620 |
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 19 October 2026 via checked.be.