ALL FOR AIR: 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.
ALL FOR AIR
Largest movements
- Cash +€122,792
up €122,792 (+209%), from €58,632 to €181,424
mainly Net result for the year (+€82,402) and Trade debts (+€65,501)
- Receivables within one year +€38,039
up €38,039 (+225%), from €16,893 to €54,931
of which Trade receivables: +€34,293
- Tangible fixed assets +€4,981
up €4,981 (+154%), from €3,224 to €8,205
- Reserves +€82,402
up €82,402 (+434%), from €18,977 to €101,378
- Trade debts +€65,501
up €65,501 (+140%), from €46,811 to €112,313
- Tax, wage and social debts +€18,918
up €18,918 (+224%), from €8,461 to €27,379
- Gross operating margin +€53,930
up €53,930 (+122%), from €44,284 to €98,214
- Taxes +€18,918
up €18,918 (+224%), from €8,461 to €27,379
- Financial income +€1,563
up €1,563 (+13.0%), from €12,070 to €13,633
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 | €78,749 | €245,570 | +€166,821 | +212% |
| Fixed assets | 21/28 | €3,224 | €8,205 | +€4,981 | +154% |
| Tangible fixed assets | 22/27 | €3,224 | €8,205 | +€4,981 | +154% |
| Plant, machinery and equipment | 23 | €3,224 | €8,205 | +€4,981 | +154% |
| Current assets | 29/58 | €75,525 | €237,364 | +€161,840 | +214% |
| Stocks and contracts in progress | 3 | - | €1,009 | +€1,009 | |
| Stocks | 30/36 | - | €1,009 | +€1,009 | |
| Amounts receivable within one year | 40/41 | €16,893 | €54,931 | +€38,039 | +225% |
| Trade receivables | 40 | €3,784 | €38,076 | +€34,293 | +906% |
| Other amounts receivable | 41 | €13,109 | €16,855 | +€3,746 | +28.6% |
| Cash at bank and in hand | 54/58 | €58,632 | €181,424 | +€122,792 | +209% |
| Total equity and liabilities | 10/49 | €78,749 | €245,570 | +€166,821 | +212% |
| Equity | 10/15 | €20,977 | €103,378 | +€82,402 | +393% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,977 | €101,378 | +€82,402 | +434% |
| Distributable reserves | 133 | €18,977 | €101,378 | +€82,402 | +434% |
| Amounts payable | 17/49 | €57,772 | €142,192 | +€84,419 | +146% |
| Amounts payable within one year | 42/48 | €55,272 | €139,692 | +€84,419 | +153% |
| Trade debts | 44 | €46,811 | €112,313 | +€65,501 | +140% |
| Suppliers | 440/4 | €46,811 | €112,313 | +€65,501 | +140% |
| Taxes, remuneration and social security | 45 | €8,461 | €27,379 | +€18,918 | +224% |
| Taxes | 450/3 | €8,461 | €27,379 | +€18,918 | +224% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,925 | €1,038 | -€887 | -46.1% |
| Other operating charges | 640/8 | €1,380 | €648 | -€732 | -53.0% |
| Non-recurring operating charges | 66A | €25,000 | €0 | -€25,000 | -100% |
| Gross operating margin | 9900 | €44,284 | €98,214 | +€53,930 | +122% |
| Operating profit (loss) | 9901 | €15,979 | €96,528 | +€80,549 | +504% |
| Financial income | 75/76B | €12,070 | €13,633 | +€1,563 | +13.0% |
| Recurring financial income | 75 | €12,070 | €13,633 | +€1,563 | +13.0% |
| Financial charges | 65/66B | €611 | €380 | -€230 | -37.7% |
| Recurring financial charges | 65 | €611 | €380 | -€230 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €27,438 | €109,780 | +€82,343 | +300% |
| Income taxes | 67/77 | €8,461 | €27,379 | +€18,918 | +224% |
| Profit (loss) for the period | 9904 | €18,977 | €82,402 | +€63,425 | +334% |
| Profit (loss) for the period to be appropriated | 9905 | €18,977 | €82,402 | +€63,425 | +334% |
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 28 October 2026 via checked.be.