Airstone Properties: what changed
Airstone Properties
Largest movements
- Receivables after one year +€831,922
up €831,922 (+71.4%), from €1.2m to €2.0m
- Tangible fixed assets +€337,752
up €337,752 (+21.9%), from €1.5m to €1.9m
of which Land and buildings: +€370,380
- Receivables within one year +€213,141
up €213,141 (+207%), from €102,930 to €316,071
of which Trade receivables: +€148,247
- Cash -€138,263
down €138,263 (-77.3%), from €178,967 to €40,704
mainly Receivables after one year (-€831,922) and Investment in fixed assets (net) (-€442,400)
- Debts after one year +€1.1m
up €1.1m (+67.6%), from €1.6m to €2.7m
- Other debts +€257,196
new in 2025: €257,196
- Reserves -€161,065
down €161,065 (-43.9%), from €366,731 to €205,666
of which Non-distributable reserves: -€333,731
- Gross operating margin +€139,959
up €139,959 (+149%), from €94,045 to €234,003
- Depreciation +€57,194
up €57,194 (+121%), from €47,454 to €104,648
- Financial income +€24,698
up €24,698 (+29.4%), from €83,890 to €108,588
- Financial charges +€5,606
up €5,606 (+9.2%), from €61,196 to €66,802
- Taxes +€5,201
up €5,201 (+77.2%), from €6,738 to €11,939
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,997,199 | €4,242,850 | +€1.2m | +41.6% |
| Fixed assets | 21/28 | €1,548,825 | €1,886,577 | +€337,752 | +21.8% |
| Tangible fixed assets | 22/27 | €1,545,607 | €1,883,359 | +€337,752 | +21.9% |
| Land and buildings | 22 | €1,426,692 | €1,797,072 | +€370,380 | +26.0% |
| Furniture and vehicles | 24 | €118,915 | €86,287 | -€32,628 | -27.4% |
| Financial fixed assets | 28 | €3,218 | €3,218 | = | 0.0% |
| Current assets | 29/58 | €1,448,374 | €2,356,273 | +€907,899 | +62.7% |
| Amounts receivable after more than one year | 29 | €1,165,257 | €1,997,179 | +€831,922 | +71.4% |
| Other amounts receivable | 291 | €1,165,257 | €1,997,179 | +€831,922 | +71.4% |
| Amounts receivable within one year | 40/41 | €102,930 | €316,071 | +€213,141 | +207% |
| Trade receivables | 40 | - | €148,247 | +€148,247 | |
| Other amounts receivable | 41 | €102,930 | €167,824 | +€64,895 | +63.0% |
| Cash at bank and in hand | 54/58 | €178,967 | €40,704 | -€138,263 | -77.3% |
| Deferred charges and accrued income | 490/1 | €1,220 | €2,319 | +€1,098 | +90.0% |
| Total equity and liabilities | 10/49 | €2,997,199 | €4,242,850 | +€1.2m | +41.6% |
| Equity | 10/15 | €1,337,991 | €1,215,298 | -€122,693 | -9.2% |
| Contributions | 10/11 | €1,009,632 | €1,009,632 | = | 0.0% |
| Capital | 10 | €1,009,632 | €1,009,632 | = | 0.0% |
| Issued capital | 100 | €1,009,632 | €1,009,632 | = | 0.0% |
| Reserves | 13 | €366,731 | €205,666 | -€161,065 | -43.9% |
| Non-distributable reserves | 130/1 | €366,731 | €33,000 | -€333,731 | -91.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Other | 1319 | €333,731 | - | -€333,731 | |
| Distributable reserves | 133 | - | €172,666 | +€172,666 | |
| Profit (loss) carried forward | 14 | -€38,372 | - | +€38,372 | |
| Amounts payable | 17/49 | €1,659,208 | €3,027,552 | +€1.4m | +82.5% |
| Amounts payable after more than one year | 17 | €1,637,735 | €2,744,372 | +€1.1m | +67.6% |
| Financial debts | 170/4 | €1,637,735 | €2,744,372 | +€1.1m | +67.6% |
| Amounts payable within one year | 42/48 | €14,216 | €278,233 | +€264,017 | +1,857% |
| Trade debts | 44 | €1,525 | €1,525 | +€0 | 0.0% |
| Suppliers | 440/4 | €1,525 | €1,525 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €12,691 | €19,512 | +€6,821 | +53.7% |
| Taxes | 450/3 | €12,691 | €19,512 | +€6,821 | +53.7% |
| Other amounts payable | 47/48 | - | €257,196 | +€257,196 | |
| Accrued charges and deferred income | 492/3 | €7,257 | €4,947 | -€2,310 | -31.8% |
| Non-recurring operating income | 76A | €31,500 | - | -€31,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,454 | €104,648 | +€57,194 | +121% |
| Other operating charges | 640/8 | €3,892 | €6,820 | +€2,927 | +75.2% |
| Gross operating margin | 9900 | €94,045 | €234,003 | +€139,959 | +149% |
| Operating profit (loss) | 9901 | €42,698 | €122,535 | +€79,837 | +187% |
| Financial income | 75/76B | €83,890 | €108,588 | +€24,698 | +29.4% |
| Recurring financial income | 75 | €83,890 | €108,588 | +€24,698 | +29.4% |
| Financial charges | 65/66B | €61,196 | €66,802 | +€5,606 | +9.2% |
| Recurring financial charges | 65 | €61,196 | €66,802 | +€5,606 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €65,393 | €164,322 | +€98,930 | +151% |
| Income taxes | 67/77 | €6,738 | €11,939 | +€5,201 | +77.2% |
| Profit (loss) for the period | 9904 | €58,655 | €152,384 | +€93,729 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €58,655 | €152,384 | +€93,729 | +160% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.