AIRPORT MANAGEMENT SERVICES: what changed
AIRPORT MANAGEMENT SERVICES
Largest movements
- Cash +€28,522
up €28,522 (+297%), from €9,603 to €38,125
mainly Tax, wage and social debts (+€22,838) and Net result for the year (+€13,485)
- Receivables within one year +€925
up €925 (+6.5%), from €14,200 to €15,125
- Tax, wage and social debts +€22,838
up €22,838 (+411%), from €5,551 to €28,389
of which Remuneration and social security: +€15,500
- Reserves +€13,480
up €13,480 (+572%), from €2,355 to €15,835
- Trade debts -€4,482
down €4,482 (-52.7%), from €8,499 to €4,016
- Other debts -€2,394
no longer reported in 2026 (was €2,394)
- Gross operating margin +€82,464
up €82,464 (+388%), from €21,239 to €103,703
- Staff costs +€67,417
up €67,417 (+423%), from €15,921 to €83,337
- Taxes +€5,254
up €5,254 (+475%), from €1,106 to €6,360
- Depreciation -€1,465
no longer reported in 2026 (was €1,465)
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,803 | €53,250 | +€29,447 | +124% |
| Current assets | 29/58 | €23,803 | €53,250 | +€29,447 | +124% |
| Amounts receivable within one year | 40/41 | €14,200 | €15,125 | +€925 | +6.5% |
| Trade receivables | 40 | €14,200 | €15,125 | +€925 | +6.5% |
| Cash at bank and in hand | 54/58 | €9,603 | €38,125 | +€28,522 | +297% |
| Total equity and liabilities | 10/49 | €23,803 | €53,250 | +€29,447 | +124% |
| Equity | 10/15 | €7,360 | €20,845 | +€13,485 | +183% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,355 | €15,835 | +€13,480 | +572% |
| Distributable reserves | 133 | €2,355 | €15,835 | +€13,480 | +572% |
| Profit (loss) carried forward | 14 | €5 | €10 | +€5 | +89.9% |
| Amounts payable | 17/49 | €16,443 | €32,405 | +€15,962 | +97.1% |
| Amounts payable within one year | 42/48 | €16,443 | €32,405 | +€15,962 | +97.1% |
| Trade debts | 44 | €8,499 | €4,016 | -€4,482 | -52.7% |
| Suppliers | 440/4 | €8,499 | €4,016 | -€4,482 | -52.7% |
| Taxes, remuneration and social security | 45 | €5,551 | €28,389 | +€22,838 | +411% |
| Taxes | 450/3 | €5,551 | €12,889 | +€7,338 | +132% |
| Remuneration and social security | 454/9 | - | €15,500 | +€15,500 | |
| Other amounts payable | 47/48 | €2,394 | - | -€2,394 | |
| Remuneration, social security and pensions | 62 | €15,921 | €83,337 | +€67,417 | +423% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,465 | - | -€1,465 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €21,239 | €103,703 | +€82,464 | +388% |
| Operating profit (loss) | 9901 | €3,466 | €19,966 | +€16,500 | +476% |
| Financial charges | 65/66B | - | €122 | +€122 | |
| Recurring financial charges | 65 | - | €122 | +€122 | |
| Profit (loss) for the period before taxes | 9903 | €3,466 | €19,844 | +€16,378 | +472% |
| Income taxes | 67/77 | €1,106 | €6,360 | +€5,254 | +475% |
| Profit (loss) for the period | 9904 | €2,360 | €13,485 | +€11,124 | +471% |
| Profit (loss) for the period to be appropriated | 9905 | €2,360 | €13,485 | +€11,124 | +471% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.