ASL Fleetco: 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
ASL Fleetco
NACE 51.100, Air transport
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€54,307
2024 · €15,976+€38,331
Equity
€1.7m
2024 · €1.7m+€54,307
Cash
€977,059
2024 · €947,714+€29,345
Balance sheet total
€3.4m
2024 · €5.8m-€2.5m
Largest movements
Assets
- Tangible fixed assets -€2.4m
down €2.4m (-53.7%), from €4.5m to €2.1m
of which Furniture and vehicles: -€2.4m
- Receivables within one year -€103,876
down €103,876 (-24.6%), from €422,963 to €319,087
of which Trade receivables: -€58,530
Equity and liabilities
- Debts after one year -€2.4m
down €2.4m (-100%), from €2.4m to €0
- Provisions -€524,597
down €524,597 (-32.8%), from €1.6m to €1.1m
- Trade debts +€416,888
up €416,888 (+558%), from €74,776 to €491,664
Income statement
- Provisions -€926,751
down €926,751, from €402,154 to -€524,597
- Gross operating margin -€350,816
down €350,816 (-37.1%), from €944,527 to €593,711
- Staff costs +€233,870
up €233,870 (+58.2%), from €401,941 to €635,811
- Depreciation +€130,483
up €130,483 (+1,108%), from €11,780 to €142,264
- Financial charges +€108,319
up €108,319 (+103%), from €105,226 to €213,545
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
€15,976
Gross operating margin
-€350,816
Staff costs
-€233,870
Depreciation
-€130,483
Provisions
+€926,751
Other operating charges
-€148
Other operating items
-€47,955
Financial income
-€1,701
Financial charges
-€108,319
Taxes
-€15,128
Result 2025
€54,307
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€231,702
Investment
+€2.3m
Financing
-€2.5m
Cash 2024
€947,714
From operations (derived)
+€231,702
Net result for the year
+€54,307
Depreciation
+€142,264
Receivables within one year
+€103,876
Deferred charges and accrued income
-€1
Provisions
-€524,597
Trade debts
+€416,888
Tax, wage and social debts
+€38,966
Investment (derived)
+€2.3m
Investment in fixed assets (net)
+€2.3m
Financing
-€2.5m
Debts after one year
-€2.4m
Short-term financial debts
-€10,140
Cash 2025
€977,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,838,610 | €3,366,544 | -€2.5m | -42.3% |
| Fixed assets | 21/28 | €4,467,883 | €2,070,347 | -€2.4m | -53.7% |
| Tangible fixed assets | 22/27 | €4,467,883 | €2,070,347 | -€2.4m | -53.7% |
| Plant, machinery and equipment | 23 | €22,294 | €12,701 | -€9,594 | -43.0% |
| Furniture and vehicles | 24 | €4,445,589 | €2,057,646 | -€2.4m | -53.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,370,727 | €1,296,197 | -€74,530 | -5.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €422,963 | €319,087 | -€103,876 | -24.6% |
| Trade receivables | 40 | €360,326 | €301,796 | -€58,530 | -16.2% |
| Other amounts receivable | 41 | €62,637 | €17,291 | -€45,346 | -72.4% |
| Cash at bank and in hand | 54/58 | €947,714 | €977,059 | +€29,345 | +3.1% |
| Deferred charges and accrued income | 490/1 | €50 | €52 | +€1 | +2.4% |
| Total equity and liabilities | 10/49 | €5,838,610 | €3,366,544 | -€2.5m | -42.3% |
| Equity | 10/15 | €1,661,171 | €1,715,478 | +€54,307 | +3.3% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €223,659 | €226,409 | +€2,750 | +1.2% |
| Non-distributable reserves | 130/1 | €30,800 | €33,550 | +€2,750 | +8.9% |
| Legal reserve | 130 | €30,800 | €33,550 | +€2,750 | +8.9% |
| Distributable reserves | 133 | €192,859 | €192,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387,512 | €439,068 | +€51,557 | +13.3% |
| Provisions and deferred taxes | 16 | €1,599,429 | €1,074,832 | -€524,597 | -32.8% |
| Provisions for liabilities and charges | 160/5 | €1,599,429 | €1,074,832 | -€524,597 | -32.8% |
| Major repairs and maintenance | 162 | €1,599,429 | €1,074,832 | -€524,597 | -32.8% |
| Amounts payable | 17/49 | €2,578,010 | €576,234 | -€2.0m | -77.6% |
| Amounts payable after more than one year | 17 | €2,447,490 | €0 | -€2.4m | -100% |
| Other amounts payable | 178/9 | €2,447,490 | €0 | -€2.4m | -100% |
| Amounts payable within one year | 42/48 | €130,520 | €576,234 | +€445,713 | +341% |
| Financial debts | 43 | €10,140 | €0 | -€10,140 | -100% |
| Credit institutions | 430/8 | €10,140 | €0 | -€10,140 | -100% |
| Trade debts | 44 | €74,776 | €491,664 | +€416,888 | +558% |
| Suppliers | 440/4 | €74,776 | €491,664 | +€416,888 | +558% |
| Taxes, remuneration and social security | 45 | €45,604 | €84,570 | +€38,966 | +85.4% |
| Taxes | 450/3 | €3,707 | €10,504 | +€6,797 | +183% |
| Remuneration and social security | 454/9 | €41,897 | €74,066 | +€32,169 | +76.8% |
| Non-recurring operating income | 76A | €19 | €9,247 | +€9,228 | +48,568% |
| Remuneration, social security and pensions | 62 | €401,941 | €635,811 | +€233,870 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,780 | €142,264 | +€130,483 | +1,108% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €402,154 | -€524,597 | -€926,751 | |
| Other operating charges | 640/8 | €1,080 | €1,227 | +€148 | +13.7% |
| Non-recurring operating charges | 66A | €531 | €48,486 | +€47,955 | +9,031% |
| Gross operating margin | 9900 | €944,527 | €593,711 | -€350,816 | -37.1% |
| Operating profit (loss) | 9901 | €127,040 | €290,519 | +€163,479 | +129% |
| Financial income | 75/76B | €1,752 | €51 | -€1,701 | -97.1% |
| Recurring financial income | 75 | €1,752 | €51 | -€1,701 | -97.1% |
| Financial charges | 65/66B | €105,226 | €213,545 | +€108,319 | +103% |
| Recurring financial charges | 65 | €105,226 | €213,545 | +€108,319 | +103% |
| Profit (loss) for the period before taxes | 9903 | €23,566 | €77,025 | +€53,459 | +227% |
| Income taxes | 67/77 | €7,591 | €22,719 | +€15,128 | +199% |
| Profit (loss) for the period | 9904 | €15,976 | €54,307 | +€38,331 | +240% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €15,976 | €54,307 | +€38,331 | +240% |
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 31 October 2026 via checked.be.