AIRWORKS: 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.
AIRWORKS
Largest movements
- Receivables within one year +€108,766
up €108,766 (+14.6%), from €746,025 to €854,791
of which Other amounts receivable: +€107,503
- Other debts +€84,898
up €84,898 (+8.9%), from €957,216 to €1.0m
- Profit (loss) carried forward +€19,561
up €19,561 (+1.5%), from -€1.3m to -€1.3m
- Financial income +€40,840
up €40,840 (+1,635%), from €2,498 to €43,338
- Financial charges +€14,820
up €14,820 (+289%), from €5,121 to €19,941
- Depreciation -€8,309
no longer reported in 2025 (was €8,309)
- Gross operating margin -€2,942
down €2,942, from €1,260 to -€1,682
- Other operating charges -€283
down €283 (-20.2%), from €1,402 to €1,118
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.
Derived cash bridge
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 | €1,804,579 | €1,924,415 | +€119,836 | +6.6% |
| Fixed assets | 21/28 | €1,028,071 | €1,042,234 | +€14,163 | +1.4% |
| Tangible fixed assets | 22/27 | €1,036 | - | -€1,036 | |
| Furniture and vehicles | 24 | €1,036 | - | -€1,036 | |
| Financial fixed assets | 28 | €1,027,035 | €1,042,234 | +€15,199 | +1.5% |
| Current assets | 29/58 | €776,508 | €882,180 | +€105,673 | +13.6% |
| Amounts receivable within one year | 40/41 | €746,025 | €854,791 | +€108,766 | +14.6% |
| Trade receivables | 40 | - | €1,263 | +€1,263 | |
| Other amounts receivable | 41 | €746,025 | €853,528 | +€107,503 | +14.4% |
| Cash at bank and in hand | 54/58 | €30,483 | €27,389 | -€3,093 | -10.1% |
| Total equity and liabilities | 10/49 | €1,804,579 | €1,924,415 | +€119,836 | +6.6% |
| Equity | 10/15 | €847,308 | €882,069 | +€34,760 | +4.1% |
| Contributions | 10/11 | €1,105,605 | €1,105,605 | = | 0.0% |
| Capital | 10 | €1,105,605 | - | -€1.1m | |
| Issued capital | 100 | €1,105,605 | - | -€1.1m | |
| Revaluation surpluses | 12 | €1,027,034 | €1,042,233 | +€15,199 | +1.5% |
| Reserves | 13 | €5,641 | €5,641 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,641 | €5,641 | = | 0.0% |
| Legal reserve | 130 | €5,641 | - | -€5,641 | |
| Reserves not available under the articles | 1311 | - | €5,641 | +€5,641 | |
| Profit (loss) carried forward | 14 | -€1,290,972 | -€1,271,411 | +€19,561 | +1.5% |
| Amounts payable | 17/49 | €957,270 | €1,042,346 | +€85,076 | +8.9% |
| Amounts payable within one year | 42/48 | €957,270 | €1,042,346 | +€85,076 | +8.9% |
| Trade debts | 44 | €54 | €232 | +€178 | +326% |
| Suppliers | 440/4 | €54 | €232 | +€178 | +326% |
| Other amounts payable | 47/48 | €957,216 | €1,042,114 | +€84,898 | +8.9% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,309 | - | -€8,309 | |
| Other operating charges | 640/8 | €1,402 | €1,118 | -€283 | -20.2% |
| Non-recurring operating charges | 66A | €13,635 | €1,036 | -€12,599 | -92.4% |
| Gross operating margin | 9900 | €1,260 | -€1,682 | -€2,942 | |
| Operating profit (loss) | 9901 | -€22,086 | -€3,836 | +€18,250 | +82.6% |
| Financial income | 75/76B | €2,498 | €43,338 | +€40,840 | +1,635% |
| Recurring financial income | 75 | €2,498 | €43,338 | +€40,840 | +1,635% |
| Financial charges | 65/66B | €5,121 | €19,941 | +€14,820 | +289% |
| Recurring financial charges | 65 | €5,121 | €19,941 | +€14,820 | +289% |
| Profit (loss) for the period before taxes | 9903 | -€24,708 | €19,561 | +€44,270 | |
| Profit (loss) for the period | 9904 | -€24,708 | €19,561 | +€44,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,708 | €19,561 | +€44,270 |
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 19 October 2026 via checked.be.