Airship: 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.
Airship
Largest movements
- Receivables within one year +€15,238
up €15,238 (+104.5%), from €14,576 to €29,814
of which Trade receivables: +€12,909
- Cash -€9,268
down €9,268 (-11.4%), from €81,397 to €72,129
mainly Contributions, distributions and other (-€39,608) and Receivables within one year (-€15,238)
- Tangible fixed assets +€6,458
up €6,458 (+101.4%), from €6,369 to €12,827
of which Furniture and vehicles: +€7,509
- Other debts +€23,410
up €23,410 (+18109.6%), from €129 to €23,540
- Reserves -€16,068
down €16,068 (-18.8%), from €85,635 to €69,567
- Tax, wage and social debts +€3,257
up €3,257 (+23.7%), from €13,727 to €16,984
- Gross operating margin +€7,374
up €7,374 (+27.6%), from €26,749 to €34,123
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 | €105,862 | €117,254 | +€11,393 | +10.8% |
| Fixed assets | 21/28 | €7,819 | €13,277 | +€5,458 | +69.8% |
| Tangible fixed assets | 22/27 | €6,369 | €12,827 | +€6,458 | +101.4% |
| Plant, machinery and equipment | 23 | €1,447 | €741 | -€706 | -48.8% |
| Furniture and vehicles | 24 | €1,690 | €9,199 | +€7,509 | +444.4% |
| Other tangible fixed assets | 26 | €3,232 | €2,887 | -€345 | -10.7% |
| Financial fixed assets | 28 | €1,450 | €450 | -€1,000 | -69.0% |
| Current assets | 29/58 | €98,043 | €103,977 | +€5,935 | +6.1% |
| Amounts receivable within one year | 40/41 | €14,576 | €29,814 | +€15,238 | +104.5% |
| Trade receivables | 40 | €14,576 | €27,485 | +€12,909 | +88.6% |
| Other amounts receivable | 41 | - | €2,329 | +€2,329 | |
| Cash at bank and in hand | 54/58 | €81,397 | €72,129 | -€9,268 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,070 | €2,035 | -€35 | -1.7% |
| Total equity and liabilities | 10/49 | €105,862 | €117,254 | +€11,393 | +10.8% |
| Equity | 10/15 | €87,635 | €71,567 | -€16,068 | -18.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €85,635 | €69,567 | -€16,068 | -18.8% |
| Distributable reserves | 133 | €85,635 | €69,567 | -€16,068 | -18.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,227 | €45,688 | +€27,461 | +150.7% |
| Amounts payable within one year | 42/48 | €18,227 | €45,288 | +€27,061 | +148.5% |
| Trade debts | 44 | €4,371 | €4,765 | +€394 | +9.0% |
| Suppliers | 440/4 | €4,371 | €4,765 | +€394 | +9.0% |
| Taxes, remuneration and social security | 45 | €13,727 | €16,984 | +€3,257 | +23.7% |
| Taxes | 450/3 | €13,727 | €16,984 | +€3,257 | +23.7% |
| Other amounts payable | 47/48 | €129 | €23,540 | +€23,410 | +18109.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,482 | €2,546 | +€64 | +2.6% |
| Other operating charges | 640/8 | €882 | €884 | +€2 | +0.2% |
| Gross operating margin | 9900 | €26,749 | €34,123 | +€7,374 | +27.6% |
| Operating profit (loss) | 9901 | €23,385 | €30,693 | +€7,308 | +31.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €413 | €196 | -€217 | -52.5% |
| Recurring financial charges | 65 | €413 | €196 | -€217 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €22,972 | €30,502 | +€7,530 | +32.8% |
| Income taxes | 67/77 | €7,236 | €6,962 | -€274 | -3.8% |
| Profit (loss) for the period | 9904 | €15,736 | €23,540 | +€7,804 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,736 | €23,540 | +€7,804 | +49.6% |
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 6 October 2026 via checked.be.