AT Airco: 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.
AT Airco
Largest movements
- Cash +€85,941
up €85,941 (+22.7%), from €378,749 to €464,690
mainly Net result for the year (+€81,436) and Tax, wage and social debts (+€78,903)
- Receivables within one year +€48,112
up €48,112 (+14.9%), from €322,333 to €370,445
of which Other amounts receivable: +€111,626
- Tangible fixed assets +€27,835
up €27,835 (+85.1%), from €32,697 to €60,532
of which Furniture and vehicles: +€31,794
- Reserves +€81,364
up €81,364 (+11.3%), from €719,465 to €800,829
- Tax, wage and social debts +€78,903
up €78,903 (+250%), from €31,586 to €110,489
of which Taxes: +€81,207
- Trade debts +€36,276
up €36,276 (+201%), from €18,064 to €54,340
- Other debts -€25,455
down €25,455 (-99.6%), from €25,548 to €93
- Gross operating margin -€28,743
down €28,743 (-13.1%), from €219,865 to €191,122
- Taxes -€14,267
down €14,267 (-29.9%), from €47,671 to €33,404
- Depreciation +€5,627
up €5,627 (+142%), from €3,959 to €9,586
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 | €827,657 | €991,650 | +€163,993 | +19.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €37,961 | €65,796 | +€27,835 | +73.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,697 | €60,532 | +€27,835 | +85.1% |
| Land and buildings | 22 | €32,697 | €28,738 | -€3,959 | -12.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €31,794 | +€31,794 | |
| Financial fixed assets | 28 | €5,264 | €5,264 | = | 0.0% |
| Current assets | 29/58 | €789,696 | €925,854 | +€136,158 | +17.2% |
| Stocks and contracts in progress | 3 | €85,767 | €89,816 | +€4,049 | +4.7% |
| Stocks | 30/36 | €80,767 | €89,816 | +€9,049 | +11.2% |
| Contracts in progress | 37 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €322,333 | €370,445 | +€48,112 | +14.9% |
| Trade receivables | 40 | €320,887 | €257,373 | -€63,514 | -19.8% |
| Other amounts receivable | 41 | €1,445 | €113,071 | +€111,626 | +7,723% |
| Cash at bank and in hand | 54/58 | €378,749 | €464,690 | +€85,941 | +22.7% |
| Deferred charges and accrued income | 490/1 | €2,848 | €904 | -€1,944 | -68.3% |
| Total equity and liabilities | 10/49 | €827,657 | €991,650 | +€163,993 | +19.8% |
| Equity | 10/15 | €745,292 | €826,728 | +€81,436 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €719,465 | €800,829 | +€81,364 | +11.3% |
| Non-distributable reserves | 130/1 | €719,465 | €800,829 | +€81,364 | +11.3% |
| Reserves not available under the articles | 1311 | €719,465 | €800,829 | +€81,364 | +11.3% |
| Profit (loss) carried forward | 14 | €7,227 | €7,299 | +€72 | +1.0% |
| Amounts payable | 17/49 | €82,365 | €164,922 | +€82,557 | +100% |
| Amounts payable within one year | 42/48 | €82,365 | €164,922 | +€82,557 | +100% |
| Current portion of amounts payable after more than one year | 42 | €7,167 | - | -€7,167 | |
| Trade debts | 44 | €18,064 | €54,340 | +€36,276 | +201% |
| Suppliers | 440/4 | €18,064 | €54,340 | +€36,276 | +201% |
| Taxes, remuneration and social security | 45 | €31,586 | €110,489 | +€78,903 | +250% |
| Taxes | 450/3 | €24,955 | €106,162 | +€81,207 | +325% |
| Remuneration and social security | 454/9 | €6,631 | €4,326 | -€2,304 | -34.8% |
| Other amounts payable | 47/48 | €25,548 | €93 | -€25,455 | -99.6% |
| Remuneration, social security and pensions | 62 | €64,539 | €64,841 | +€302 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,959 | €9,586 | +€5,627 | +142% |
| Other operating charges | 640/8 | €1,348 | €1,554 | +€207 | +15.3% |
| Gross operating margin | 9900 | €219,865 | €191,122 | -€28,743 | -13.1% |
| Operating profit (loss) | 9901 | €150,019 | €115,141 | -€34,878 | -23.2% |
| Financial income | 75/76B | €387 | €201 | -€186 | -48.0% |
| Recurring financial income | 75 | €387 | €201 | -€186 | -48.0% |
| Financial charges | 65/66B | €1,501 | €502 | -€999 | -66.5% |
| Recurring financial charges | 65 | €1,501 | €502 | -€999 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €148,904 | €114,840 | -€34,065 | -22.9% |
| Income taxes | 67/77 | €47,671 | €33,404 | -€14,267 | -29.9% |
| Profit (loss) for the period | 9904 | €101,233 | €81,436 | -€19,798 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €101,233 | €81,436 | -€19,798 | -19.6% |
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 26 October 2026 via checked.be.