AIRSQUARE: 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.
AIRSQUARE
Largest movements
- Current investments +€853,308
up €853,308 (+501%), from €170,156 to €1.0m
- Cash -€364,973
down €364,973 (-84.8%), from €430,312 to €65,339
mainly Current investments (-€853,308) and Receivables within one year (-€96,200)
- Receivables within one year +€96,200
up €96,200 (+120%), from €80,000 to €176,200
- Equity +€546,837
up €546,837 (+123%), from €445,720 to €992,557
of which Profit (loss) carried forward: +€546,837
- Debts within one year +€19,121
up €19,121 (+5.9%), from €325,805 to €344,926
of which Tax, wage and social debts: +€205,674
- Financial income +€758,672
new in 2021: €758,672
of which Non-recurring financial income: +€751,708
- Taxes +€114,580
up €114,580 (+162%), from €70,541 to €185,121
- Financial charges +€10,527
new in 2021: €10,527
of which Non-recurring financial charges: +€8,577
- Provisions +€10,000
new in 2021: €10,000
- Gross operating margin -€1,762
down €1,762 (-43.2%), from -€4,078 to -€5,840
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €771,525 | €1,347,483 | +€575,958 | +74.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €91,057 | €82,480 | -€8,577 | -9.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Financial fixed assets | 28 | €91,057 | €82,480 | -€8,577 | -9.4% |
| Current assets | 29/58 | €680,468 | €1,265,003 | +€584,535 | +85.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €80,000 | €176,200 | +€96,200 | +120% |
| Other amounts receivable | 41 | - | €176,200 | +€176,200 | |
| Current investments | 50/53 | €170,156 | €1,023,464 | +€853,308 | +501% |
| Cash at bank and in hand | 54/58 | €430,312 | €65,339 | -€364,973 | -84.8% |
| Total equity and liabilities | 10/49 | €771,525 | €1,347,483 | +€575,958 | +74.7% |
| Equity | 10/15 | €445,720 | €992,557 | +€546,837 | +123% |
| Contributions | 10/11 | €0 | €250,000 | +€250,000 | |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,500 | +€1,500 | |
| Reserves not available under the articles | 1311 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | €194,220 | €741,057 | +€546,837 | +282% |
| Provisions and deferred taxes | 16 | - | €10,000 | +€10,000 | |
| Provisions for liabilities and charges | 160/5 | - | €10,000 | +€10,000 | |
| Other liabilities and charges | 164/5 | - | €10,000 | +€10,000 | |
| Amounts payable | 17/49 | €325,805 | €344,926 | +€19,121 | +5.9% |
| Amounts payable within one year | 42/48 | €325,805 | €344,926 | +€19,121 | +5.9% |
| Trade debts | 44 | €2,000 | €348 | -€1,653 | -82.6% |
| Suppliers | 440/4 | - | €348 | +€348 | |
| Taxes, remuneration and social security | 45 | - | €205,674 | +€205,674 | |
| Taxes | 450/3 | - | €205,674 | +€205,674 | |
| Other amounts payable | 47/48 | - | €138,904 | +€138,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | - | €348 | +€348 | |
| Gross operating margin | 9900 | -€4,078 | -€5,840 | -€1,762 | -43.2% |
| Operating profit (loss) | 9901 | -€4,807 | -€16,187 | -€11,380 | -237% |
| Financial income | 75/76B | - | €758,672 | +€758,672 | |
| Recurring financial income | 75 | €272,439 | €6,964 | -€265,475 | -97.4% |
| Non-recurring financial income | 76B | - | €751,708 | +€751,708 | |
| Financial charges | 65/66B | - | €10,527 | +€10,527 | |
| Recurring financial charges | 65 | €3,310 | €1,950 | -€1,359 | -41.1% |
| Non-recurring financial charges | 66B | - | €8,577 | +€8,577 | |
| Profit (loss) for the period before taxes | 9903 | €264,322 | €731,957 | +€467,636 | +177% |
| Income taxes | 67/77 | €70,541 | €185,121 | +€114,580 | +162% |
| Profit (loss) for the period | 9904 | €193,781 | €546,837 | +€353,056 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €193,781 | €546,837 | +€353,056 | +182% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.