AIRPORTS LINES: 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.
AIRPORTS LINES
Largest movements
- Tangible fixed assets +€54,564
up €54,564 (+19.0%), from €287,530 to €342,093
of which Leasing and similar rights: +€39,773
- Receivables within one year +€31,116
up €31,116 (+15.0%), from €207,894 to €239,010
of which Trade receivables: +€60,669
- Financial fixed assets +€28,120
up €28,120 (+7,811%), from €360 to €28,480
- Debts after one year +€51,263
up €51,263 (+37.7%), from €135,996 to €187,258
- Reserves +€35,423
up €35,423 (+18.8%), from €188,244 to €223,668
of which Distributable reserves: +€35,423
- Profit (loss) carried forward +€26,096
up €26,096, from -€26,096 to €0
- Tax, wage and social debts -€13,762
down €13,762 (-29.2%), from €47,202 to €33,439
of which Taxes: -€12,232
- Gross operating margin +€127,854
up €127,854 (+40.0%), from €319,308 to €447,162
- Depreciation +€27,162
up €27,162 (+35.6%), from €76,365 to €103,527
- Staff costs -€21,610
down €21,610 (-8.6%), from €249,942 to €228,332
- Taxes +€20,570
up €20,570 (+16,070%), from €128 to €20,698
- Financial charges +€18,016
up €18,016 (+223%), from €8,084 to €26,100
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 | €555,513 | €662,614 | +€107,102 | +19.3% |
| Fixed assets | 21/28 | €287,890 | €370,573 | +€82,684 | +28.7% |
| Tangible fixed assets | 22/27 | €287,530 | €342,093 | +€54,564 | +19.0% |
| Land and buildings | 22 | €48,375 | €42,485 | -€5,890 | -12.2% |
| Furniture and vehicles | 24 | €239,155 | €259,835 | +€20,680 | +8.6% |
| Leasing and similar rights | 25 | - | €39,773 | +€39,773 | |
| Financial fixed assets | 28 | €360 | €28,480 | +€28,120 | +7,811% |
| Current assets | 29/58 | €267,623 | €292,041 | +€24,418 | +9.1% |
| Amounts receivable within one year | 40/41 | €207,894 | €239,010 | +€31,116 | +15.0% |
| Trade receivables | 40 | €178,341 | €239,010 | +€60,669 | +34.0% |
| Other amounts receivable | 41 | €29,553 | - | -€29,553 | |
| Cash at bank and in hand | 54/58 | €53,460 | €50,395 | -€3,065 | -5.7% |
| Deferred charges and accrued income | 490/1 | €6,269 | €2,636 | -€3,634 | -58.0% |
| Total equity and liabilities | 10/49 | €555,513 | €662,614 | +€107,102 | +19.3% |
| Equity | 10/15 | €189,930 | €251,449 | +€61,519 | +32.4% |
| Contributions | 10/11 | €27,781 | €27,781 | = | 0.0% |
| Reserves | 13 | €188,244 | €223,668 | +€35,423 | +18.8% |
| Non-distributable reserves | 130/1 | €1,977 | €1,977 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,977 | €1,977 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €102,067 | €137,491 | +€35,423 | +34.7% |
| Profit (loss) carried forward | 14 | -€26,096 | €0 | +€26,096 | |
| Amounts payable | 17/49 | €365,583 | €411,165 | +€45,583 | +12.5% |
| Amounts payable after more than one year | 17 | €135,996 | €187,258 | +€51,263 | +37.7% |
| Financial debts | 170/4 | €135,996 | €187,258 | +€51,263 | +37.7% |
| Amounts payable within one year | 42/48 | €229,587 | €223,907 | -€5,680 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €84,948 | €86,483 | +€1,535 | +1.8% |
| Trade debts | 44 | €97,438 | €102,906 | +€5,469 | +5.6% |
| Suppliers | 440/4 | €97,438 | €102,906 | +€5,469 | +5.6% |
| Taxes, remuneration and social security | 45 | €47,202 | €33,439 | -€13,762 | -29.2% |
| Taxes | 450/3 | €25,044 | €12,812 | -€12,232 | -48.8% |
| Remuneration and social security | 454/9 | €22,158 | €20,628 | -€1,530 | -6.9% |
| Other amounts payable | 47/48 | €0 | €1,078 | +€1,078 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €249,942 | €228,332 | -€21,610 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,365 | €103,527 | +€27,162 | +35.6% |
| Other operating charges | 640/8 | €13,297 | €7,236 | -€6,061 | -45.6% |
| Gross operating margin | 9900 | €319,308 | €447,162 | +€127,854 | +40.0% |
| Operating profit (loss) | 9901 | -€20,296 | €108,067 | +€128,363 | |
| Financial income | 75/76B | €2,049 | €249 | -€1,799 | -87.8% |
| Recurring financial income | 75 | €2,049 | €249 | -€1,799 | -87.8% |
| Financial charges | 65/66B | €8,084 | €26,100 | +€18,016 | +223% |
| Recurring financial charges | 65 | €8,084 | €26,100 | +€18,016 | +223% |
| Profit (loss) for the period before taxes | 9903 | -€26,331 | €82,217 | +€108,548 | |
| Income taxes | 67/77 | €128 | €20,698 | +€20,570 | +16,070% |
| Profit (loss) for the period | 9904 | -€26,459 | €61,519 | +€87,978 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,459 | €61,519 | +€87,978 |
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 27 October 2026 via checked.be.