ARDENNES AIR TECHNIC: 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.
ARDENNES AIR TECHNIC
Largest movements
- Stocks and contracts +€29,653
up €29,653 (+62.0%), from €47,832 to €77,485
- Cash -€20,796
down €20,796 (-45.4%), from €45,776 to €24,980
mainly Stocks and contracts (-€29,653) and Tax, wage and social debts (-€10,751)
- Tangible fixed assets -€8,671
down €8,671 (-25.7%), from €33,737 to €25,066
of which Furniture and vehicles: -€10,857
- Receivables within one year +€3,669
up €3,669 (+8.5%), from €43,099 to €46,768
of which Other amounts receivable: +€14,920
- Deferred charges and accrued income +€3,604
new in 2025: €3,604
- Trade debts +€15,121
up €15,121 (+345%), from €4,382 to €19,504
- Reserves +€11,319
up €11,319 (+12.5%), from €90,810 to €102,129
of which Distributable reserves: +€11,319
- Tax, wage and social debts -€10,751
down €10,751 (-60.5%), from €17,756 to €7,005
of which Taxes: -€13,507
- Debts after one year -€8,317
down €8,317 (-51.3%), from €16,218 to €7,901
- Gross operating margin +€32,632
up €32,632 (+86.2%), from €37,839 to €70,472
- Staff costs +€16,878
up €16,878 (+76.6%), from €22,023 to €38,901
- Taxes +€3,960
up €3,960 (+677%), from €585 to €4,545
- Financial income -€1,244
down €1,244 (-86.4%), from €1,439 to €195
- Other operating charges +€823
up €823 (+56.7%), from €1,452 to €2,275
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 | €170,445 | €177,904 | +€7,459 | +4.4% |
| Fixed assets | 21/28 | €33,737 | €25,066 | -€8,671 | -25.7% |
| Tangible fixed assets | 22/27 | €33,737 | €25,066 | -€8,671 | -25.7% |
| Plant, machinery and equipment | 23 | - | €2,186 | +€2,186 | |
| Furniture and vehicles | 24 | €33,737 | €22,880 | -€10,857 | -32.2% |
| Current assets | 29/58 | €136,707 | €152,837 | +€16,130 | +11.8% |
| Stocks and contracts in progress | 3 | €47,832 | €77,485 | +€29,653 | +62.0% |
| Stocks | 30/36 | €47,832 | €77,485 | +€29,653 | +62.0% |
| Amounts receivable within one year | 40/41 | €43,099 | €46,768 | +€3,669 | +8.5% |
| Trade receivables | 40 | €43,099 | €31,848 | -€11,251 | -26.1% |
| Other amounts receivable | 41 | €0 | €14,920 | +€14,920 | |
| Cash at bank and in hand | 54/58 | €45,776 | €24,980 | -€20,796 | -45.4% |
| Deferred charges and accrued income | 490/1 | - | €3,604 | +€3,604 | |
| Total equity and liabilities | 10/49 | €170,445 | €177,904 | +€7,459 | +4.4% |
| Equity | 10/15 | €123,845 | €134,331 | +€10,486 | +8.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €90,810 | €102,129 | +€11,319 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,950 | €100,269 | +€11,319 | +12.7% |
| Profit (loss) carried forward | 14 | €26,735 | €25,902 | -€833 | -3.1% |
| Amounts payable | 17/49 | €46,600 | €43,573 | -€3,027 | -6.5% |
| Amounts payable after more than one year | 17 | €16,218 | €7,901 | -€8,317 | -51.3% |
| Financial debts | 170/4 | €16,218 | €7,901 | -€8,317 | -51.3% |
| Amounts payable within one year | 42/48 | €30,369 | €35,659 | +€5,290 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €8,014 | €8,317 | +€304 | +3.8% |
| Trade debts | 44 | €4,382 | €19,504 | +€15,121 | +345% |
| Suppliers | 440/4 | €4,382 | €19,504 | +€15,121 | +345% |
| Taxes, remuneration and social security | 45 | €17,756 | €7,005 | -€10,751 | -60.5% |
| Taxes | 450/3 | €15,496 | €1,989 | -€13,507 | -87.2% |
| Remuneration and social security | 454/9 | €2,260 | €5,016 | +€2,756 | +122% |
| Other amounts payable | 47/48 | €217 | €833 | +€616 | +284% |
| Accrued charges and deferred income | 492/3 | €12 | €13 | +€0 | +1.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €22,023 | €38,901 | +€16,878 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,732 | €12,356 | +€624 | +5.3% |
| Other operating charges | 640/8 | €1,452 | €2,275 | +€823 | +56.7% |
| Non-recurring operating charges | 66A | - | €133 | +€133 | |
| Gross operating margin | 9900 | €37,839 | €70,472 | +€32,632 | +86.2% |
| Operating profit (loss) | 9901 | €2,632 | €16,806 | +€14,174 | +538% |
| Financial income | 75/76B | €1,439 | €195 | -€1,244 | -86.4% |
| Recurring financial income | 75 | €1,439 | €195 | -€1,244 | -86.4% |
| Financial charges | 65/66B | €1,409 | €1,137 | -€272 | -19.3% |
| Recurring financial charges | 65 | €1,409 | €1,137 | -€272 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €2,662 | €15,864 | +€13,202 | +496% |
| Income taxes | 67/77 | €585 | €4,545 | +€3,960 | +677% |
| Profit (loss) for the period | 9904 | €2,077 | €11,319 | +€9,242 | +445% |
| Profit (loss) for the period to be appropriated | 9905 | €2,077 | €11,319 | +€9,242 | +445% |
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 30 October 2026 via checked.be.