Airwave: 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.
Airwave
Largest movements
- Deferred charges and accrued income -€800,011
down €800,011 (-100.0%), from €800,011 to €0
- Financial fixed assets +€350,000
up €350,000 (+8.2%), from €4.3m to €4.6m
- Receivables within one year +€183,210
up €183,210 (+57.5%), from €318,798 to €502,008
of which Other amounts receivable: +€103,914
- Cash -€158,700
down €158,700 (-78.7%), from €201,628 to €42,927
mainly Other debts (-€482,496) and Current portion of long-term debt (-€352,227)
- Other debts -€482,496
down €482,496 (-84.7%), from €569,587 to €87,092
- Current portion of long-term debt -€352,227
down €352,227 (-92.3%), from €381,781 to €29,554
- Profit (loss) carried forward +€319,485
up €319,485 (+11.2%), from €2.8m to €3.2m
- Trade debts +€109,867
up €109,867 (+89.5%), from €122,818 to €232,685
- Financial income -€1.4m
down €1.4m (-97.7%), from €1.5m to €33,571
of which Financial income: -€1.4m
- Taxes +€31,357
up €31,357 (+31.5%), from €99,405 to €130,762
- Financial charges -€19,888
down €19,888 (-20.4%), from €97,386 to €77,498
- Gross operating margin +€7,135
up €7,135 (+1.5%), from €488,287 to €495,422
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 | €6,138,436 | €5,712,936 | -€425,501 | -6.9% |
| Fixed assets | 21/28 | €4,280,000 | €4,630,000 | +€350,000 | +8.2% |
| Financial fixed assets | 28 | €4,280,000 | €4,630,000 | +€350,000 | +8.2% |
| Current assets | 29/58 | €1,858,436 | €1,082,936 | -€775,501 | -41.7% |
| Amounts receivable after more than one year | 29 | €538,000 | €538,000 | = | 0.0% |
| Other amounts receivable | 291 | €538,000 | €538,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €318,798 | €502,008 | +€183,210 | +57.5% |
| Trade receivables | 40 | €300,768 | €380,065 | +€79,297 | +26.4% |
| Other amounts receivable | 41 | €18,030 | €121,943 | +€103,914 | +576.4% |
| Cash at bank and in hand | 54/58 | €201,628 | €42,927 | -€158,700 | -78.7% |
| Deferred charges and accrued income | 490/1 | €800,011 | €0 | -€800,011 | -100.0% |
| Total equity and liabilities | 10/49 | €6,138,436 | €5,712,936 | -€425,501 | -6.9% |
| Equity | 10/15 | €3,977,430 | €4,296,916 | +€319,485 | +8.0% |
| Contributions | 10/11 | €1,025,000 | €1,025,000 | = | 0.0% |
| Capital | 10 | €1,025,000 | €1,025,000 | = | 0.0% |
| Issued capital | 100 | €1,025,000 | €1,025,000 | = | 0.0% |
| Reserves | 13 | €102,500 | €102,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €102,500 | €102,500 | = | 0.0% |
| Legal reserve | 130 | €102,500 | €102,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,849,930 | €3,169,416 | +€319,485 | +11.2% |
| Amounts payable | 17/49 | €2,161,006 | €1,416,020 | -€744,986 | -34.5% |
| Amounts payable after more than one year | 17 | €1,025,000 | €1,025,000 | = | 0.0% |
| Financial debts | 170/4 | €1,025,000 | €1,025,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,136,006 | €391,020 | -€744,986 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €381,781 | €29,554 | -€352,227 | -92.3% |
| Financial debts | 43 | €23,699 | €0 | -€23,699 | -100.0% |
| Credit institutions | 430/8 | €23,699 | €0 | -€23,699 | -100.0% |
| Trade debts | 44 | €122,818 | €232,685 | +€109,867 | +89.5% |
| Suppliers | 440/4 | €122,818 | €232,685 | +€109,867 | +89.5% |
| Taxes, remuneration and social security | 45 | €38,120 | €41,689 | +€3,569 | +9.4% |
| Taxes | 450/3 | €38,120 | €41,689 | +€3,569 | +9.4% |
| Other amounts payable | 47/48 | €569,587 | €87,092 | -€482,496 | -84.7% |
| Other operating charges | 640/8 | €1,246 | €1,193 | -€52 | -4.2% |
| Non-recurring operating charges | 66A | €14,619 | €54 | -€14,565 | -99.6% |
| Gross operating margin | 9900 | €488,287 | €495,422 | +€7,135 | +1.5% |
| Operating profit (loss) | 9901 | €472,423 | €494,175 | +€21,752 | +4.6% |
| Financial income | 75/76B | €1,458,766 | €33,571 | -€1.4m | -97.7% |
| Recurring financial income | 75 | €1,393,998 | €33,571 | -€1.4m | -97.6% |
| Non-recurring financial income | 76B | €64,769 | €0 | -€64,769 | -100.0% |
| Financial charges | 65/66B | €97,386 | €77,498 | -€19,888 | -20.4% |
| Recurring financial charges | 65 | €97,386 | €77,498 | -€19,888 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €1,833,803 | €450,248 | -€1.4m | -75.4% |
| Income taxes | 67/77 | €99,405 | €130,762 | +€31,357 | +31.5% |
| Profit (loss) for the period | 9904 | €1,734,398 | €319,485 | -€1.4m | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,734,398 | €319,485 | -€1.4m | -81.6% |
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.