Atlas Aviation: what changed
What changed
Atlas Aviation
NACE 64.210, Activities of holding companies
not consecutivefiled annual accounts (NBB)
Net result for the year
€888,196
2019 · €22.2m-€21.3m
Equity
€6.5m
2019 · €96.8m-€90.3m
Cash
€774,526
2019 · -+€774,526
Balance sheet total
€36.6m
2019 · €97.3m-€60.7m
Largest movements
Assets
- Financial fixed assets -€68.4m
no longer reported in 2025 (was €68.4m)
- Tangible fixed assets +€27.6m
new in 2025: €27.6m
- Receivables within one year -€20.6m
down €20.6m (-71.6%), from €28.7m to €8.2m
of which Other amounts receivable: -€21.0m
Equity and liabilities
- Equity -€90.3m
down €90.3m (-93.3%), from €96.8m to €6.5m
- Debts after one year +€13.1m
new in 2025: €13.1m
- Other debts +€9.9m
up €9.9m (+102,274%), from €9,662 to €9.9m
- Accrued charges and deferred income +€3.6m
up €3.6m (+827%), from €437,016 to €4.1m
- Current portion of long-term debt +€2.7m
new in 2025: €2.7m
Income statement
- Financial income -€22.2m
down €22.2m (-99.4%), from €22.3m to €129,862
- Turnover +€3.7m
up €3.7m (+6,561%), from €56,743 to €3.8m
- Depreciation +€1.8m
new in 2025: €1.8m
- Financial charges +€874,001
up €874,001 (+2,790%), from €31,323 to €905,324
- Services and other goods +€223,209
up €223,209 (+484%), from €46,084 to €269,293
Change in the result, 2019 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2019
€22.2m
Turnover
+€3.7m
Services and other goods
-€223,209
Staff costs
+€60,685
Depreciation
-€1.8m
Other operating charges
-€600
Financial income
-€22.2m
Financial charges
-€874,001
Result 2025
€888,196
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,288,561 | €36,583,653 | -€60.7m | -62.4% |
| Fixed assets | 21/28 | €68,369,180 | €27,613,247 | -€40.8m | -59.6% |
| Tangible fixed assets | 22/27 | - | €27,613,247 | +€27.6m | |
| Leasing and similar rights | 25 | - | €27,613,247 | +€27.6m | |
| Financial fixed assets | 28 | €68,369,180 | - | -€68.4m | |
| Affiliated companies | 280/1 | €68,369,180 | - | -€68.4m | |
| Participating interests | 280 | €68,369,180 | - | -€68.4m | |
| Current assets | 29/58 | €28,919,381 | €8,970,406 | -€19.9m | -69.0% |
| Amounts receivable after more than one year | 29 | €186,819 | - | -€186,819 | |
| Other amounts receivable | 291 | €186,819 | - | -€186,819 | |
| Amounts receivable within one year | 40/41 | €28,722,182 | €8,167,852 | -€20.6m | -71.6% |
| Trade receivables | 40 | €60,500 | €530,792 | +€470,292 | +777% |
| Other amounts receivable | 41 | €28,661,682 | €7,637,060 | -€21.0m | -73.4% |
| Cash at bank and in hand | 54/58 | - | €774,526 | +€774,526 | |
| Deferred charges and accrued income | 490/1 | €10,380 | €28,028 | +€17,648 | +170% |
| Total equity and liabilities | 10/49 | €97,288,561 | €36,583,653 | -€60.7m | -62.4% |
| Equity | 10/15 | €96,796,217 | €6,463,870 | -€90.3m | -93.3% |
| Contributions | 10/11 | €311,035 | €16,855,298 | +€16.5m | +5,319% |
| Capital | 10 | €311,035 | - | -€311,035 | |
| Issued capital | 100 | €311,035 | - | -€311,035 | |
| Contributions outside capital | 11 | €99,170,298 | €16,855,298 | -€82.3m | -83.0% |
| Share premium | 1100/10 | - | €16,855,298 | +€16.9m | |
| Reserves | 13 | €332,137 | €332,137 | = | 0.0% |
| Legal reserve | 130 | €332,137 | - | -€332,137 | |
| Distributable reserves | 133 | - | €332,137 | +€332,137 | |
| Profit (loss) carried forward | 14 | -€3,017,253 | -€10,723,565 | -€7.7m | -255% |
| Amounts payable | 17/49 | €492,344 | €30,119,783 | +€29.6m | +6,018% |
| Amounts payable after more than one year | 17 | - | €13,099,532 | +€13.1m | |
| Financial debts | 170/4 | - | €13,099,532 | +€13.1m | |
| Leasing and similar obligations | 172 | - | €13,099,532 | +€13.1m | |
| Amounts payable within one year | 42/48 | €55,328 | €12,967,178 | +€12.9m | +23,337% |
| Current portion of amounts payable after more than one year | 42 | - | €2,745,701 | +€2.7m | |
| Trade debts | 44 | €28,534 | €330,078 | +€301,544 | +1,057% |
| Suppliers | 440/4 | €28,534 | €330,078 | +€301,544 | +1,057% |
| Taxes, remuneration and social security | 45 | €17,132 | - | -€17,132 | |
| Taxes | 450/3 | €11,886 | - | -€11,886 | |
| Remuneration and social security | 454/9 | €5,246 | - | -€5,246 | |
| Other amounts payable | 47/48 | €9,662 | €9,891,399 | +€9.9m | +102,274% |
| Accrued charges and deferred income | 492/3 | €437,016 | €4,053,073 | +€3.6m | +827% |
| Operating income | 70/76A | €56,743 | €3,779,876 | +€3.7m | +6,561% |
| Turnover | 70 | €56,743 | €3,779,876 | +€3.7m | +6,561% |
| Operating charges | 60/66A | €107,167 | €2,116,218 | +€2.0m | +1,875% |
| Services and other goods | 61 | €46,084 | €269,293 | +€223,209 | +484% |
| Remuneration, social security and pensions | 62 | €60,685 | - | -€60,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,845,927 | +€1.8m | |
| Other operating charges | 640/8 | €398 | €998 | +€600 | +151% |
| Operating profit (loss) | 9901 | -€50,424 | €1,663,658 | +€1.7m | |
| Financial income | 75/76B | €22,307,905 | €129,862 | -€22.2m | -99.4% |
| Recurring financial income | 75 | €22,307,905 | €129,862 | -€22.2m | -99.4% |
| Income from financial fixed assets | 750 | €22,057,239 | €129,862 | -€21.9m | -99.4% |
| Income from current assets | 751 | €250,666 | - | -€250,666 | |
| Financial charges | 65/66B | €31,323 | €905,324 | +€874,001 | +2,790% |
| Recurring financial charges | 65 | €31,323 | €905,324 | +€874,001 | +2,790% |
| Debt charges | 650 | €127 | €904,909 | +€904,782 | +712,427% |
| Other financial charges | 652/9 | €31,196 | €415 | -€30,781 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €22,226,158 | €888,196 | -€21.3m | -96.0% |
| Profit (loss) for the period | 9904 | €22,226,158 | €888,196 | -€21.3m | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,226,158 | €888,196 | -€21.3m | -96.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.