AIRVENT: 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.
What changed
AIRVENT
NACE 43.211, General electrical installation work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4,323
2024 · €166,459-€170,782
Equity
€1.2m
2024 · €1.2m-€4,323
Cash
€202,376
2024 · €376,302-€173,926
Balance sheet total
€5.2m
2024 · €5.6m-€381,361
Largest movements
Assets
- Cash -€173,926
down €173,926 (-46.2%), from €376,302 to €202,376
mainly Trade debts (-€285,926) and Debts after one year (-€221,816)
- Tangible fixed assets -€153,017
down €153,017 (-3.6%), from €4.3m to €4.1m
of which Land and buildings: -€161,014
Equity and liabilities
- Trade debts -€285,926
down €285,926 (-38.6%), from €739,855 to €453,929
- Debts after one year -€221,816
down €221,816 (-6.9%), from €3.2m to €3.0m
- Short-term financial debts +€75,376
up €75,376 (+150.1%), from €50,224 to €125,600
Income statement
- Gross operating margin -€266,846
down €266,846 (-19.4%), from €1.4m to €1.1m
- Taxes -€48,837
down €48,837 (-83.3%), from €58,640 to €9,804
- Staff costs -€41,281
down €41,281 (-5.6%), from €734,555 to €693,274
- Depreciation +€32,097
up €32,097 (+14.5%), from €221,270 to €253,367
- Other operating charges -€32,027
down €32,027 (-57.5%), from €55,666 to €23,639
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.
Result 2024
€166,459
Gross operating margin
-€266,846
Staff costs
+€41,281
Depreciation
-€32,097
Write-downs
-€2,312
Other operating charges
+€32,027
Financial income
+€3,800
Financial charges
+€4,528
Taxes
+€48,837
Result 2025
-€4,323
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.
From operations
+€34,670
Investment
-€67,976
Financing
-€140,620
Cash 2024
€376,302
From operations (derived)
+€34,670
Net result for the year
-€4,323
Depreciation
+€253,367
Stocks and contracts
+€4,201
Receivables within one year
+€13,539
Deferred charges and accrued income
+€4,304
Trade debts
-€285,926
Tax, wage and social debts
+€24,639
Other debts
+€26,149
Accrued charges and deferred income
-€1,279
Investment (derived)
-€67,976
Investment in fixed assets (net)
-€88,729
Current investments
+€20,753
Financing
-€140,620
Debts after one year
-€221,816
Current portion of long-term debt
+€5,820
Short-term financial debts
+€75,376
Cash 2025
€202,376
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,555,493 | €5,174,133 | -€381,361 | -6.9% |
| Fixed assets | 21/28 | €4,322,086 | €4,157,448 | -€164,638 | -3.8% |
| Tangible fixed assets | 22/27 | €4,302,863 | €4,149,846 | -€153,017 | -3.6% |
| Land and buildings | 22 | €4,095,211 | €3,934,197 | -€161,014 | -3.9% |
| Plant, machinery and equipment | 23 | €190,348 | €156,917 | -€33,431 | -17.6% |
| Furniture and vehicles | 24 | €10,432 | €53,157 | +€42,725 | +409.6% |
| Other tangible fixed assets | 26 | €6,871 | €5,575 | -€1,297 | -18.9% |
| Financial fixed assets | 28 | €19,223 | €7,602 | -€11,621 | -60.5% |
| Current assets | 29/58 | €1,233,408 | €1,016,685 | -€216,723 | -17.6% |
| Stocks and contracts in progress | 3 | €302,418 | €298,217 | -€4,201 | -1.4% |
| Stocks | 30/36 | €302,418 | €298,217 | -€4,201 | -1.4% |
| Amounts receivable within one year | 40/41 | €496,165 | €482,626 | -€13,539 | -2.7% |
| Trade receivables | 40 | €484,196 | €399,289 | -€84,908 | -17.5% |
| Other amounts receivable | 41 | €11,968 | €83,337 | +€71,369 | +596.3% |
| Current investments | 50/53 | €49,149 | €28,397 | -€20,753 | -42.2% |
| Cash at bank and in hand | 54/58 | €376,302 | €202,376 | -€173,926 | -46.2% |
| Deferred charges and accrued income | 490/1 | €9,373 | €5,069 | -€4,304 | -45.9% |
| Total equity and liabilities | 10/49 | €5,555,493 | €5,174,133 | -€381,361 | -6.9% |
| Equity | 10/15 | €1,183,343 | €1,179,020 | -€4,323 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,164,743 | €1,164,743 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €1,147,883 | €1,147,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,323 | -€4,323 | |
| Amounts payable | 17/49 | €4,372,150 | €3,995,113 | -€377,037 | -8.6% |
| Amounts payable after more than one year | 17 | €3,198,959 | €2,977,143 | -€221,816 | -6.9% |
| Financial debts | 170/4 | €3,198,959 | €2,977,143 | -€221,816 | -6.9% |
| Amounts payable within one year | 42/48 | €1,169,699 | €1,015,757 | -€153,943 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €230,607 | €236,428 | +€5,820 | +2.5% |
| Financial debts | 43 | €50,224 | €125,600 | +€75,376 | +150.1% |
| Credit institutions | 430/8 | €50,224 | €125,600 | +€75,376 | +150.1% |
| Trade debts | 44 | €739,855 | €453,929 | -€285,926 | -38.6% |
| Suppliers | 440/4 | €739,855 | €453,929 | -€285,926 | -38.6% |
| Taxes, remuneration and social security | 45 | €116,756 | €141,395 | +€24,639 | +21.1% |
| Taxes | 450/3 | €24,699 | €29,350 | +€4,652 | +18.8% |
| Remuneration and social security | 454/9 | €92,058 | €112,044 | +€19,987 | +21.7% |
| Other amounts payable | 47/48 | €32,256 | €58,405 | +€26,149 | +81.1% |
| Accrued charges and deferred income | 492/3 | €3,492 | €2,213 | -€1,279 | -36.6% |
| Remuneration, social security and pensions | 62 | €734,555 | €693,274 | -€41,281 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,270 | €253,367 | +€32,097 | +14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,312 | +€2,312 | |
| Other operating charges | 640/8 | €55,666 | €23,639 | -€32,027 | -57.5% |
| Gross operating margin | 9900 | €1,376,842 | €1,109,996 | -€266,846 | -19.4% |
| Operating profit (loss) | 9901 | €365,351 | €137,404 | -€227,947 | -62.4% |
| Financial income | 75/76B | €4,091 | €7,891 | +€3,800 | +92.9% |
| Recurring financial income | 75 | €4,091 | €7,891 | +€3,800 | +92.9% |
| Financial charges | 65/66B | €144,342 | €139,814 | -€4,528 | -3.1% |
| Recurring financial charges | 65 | €144,342 | €139,814 | -€4,528 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €225,100 | €5,481 | -€219,619 | -97.6% |
| Income taxes | 67/77 | €58,640 | €9,804 | -€48,837 | -83.3% |
| Profit (loss) for the period | 9904 | €166,459 | -€4,323 | -€170,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €166,459 | -€4,323 | -€170,782 |
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 10 October 2026 via checked.be.