AVIAELEC: what changed
Two fiscal 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.
AVIAELEC
Largest movements
- Receivables within one year +€20,494
up €20,494 (+383.5%), from €5,344 to €25,838
of which Trade receivables: +€19,965
- Cash +€8,021
up €8,021 (+43.2%), from €18,572 to €26,593
mainly Net result for the year (+€55,575) and Other debts (+€14,286)
- Tangible fixed assets +€1,535
up €1,535 (+174.5%), from €880 to €2,414
of which Furniture and vehicles: +€1,715
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Other debts +€14,286
up €14,286 (+74.0%), from €19,304 to €33,590
- Current portion of long-term debt +€10,267
new in 2025: €10,267
- Tax, wage and social debts +€5,316
up €5,316 (+254.3%), from €2,090 to €7,406
- Trade debts +€1,680
up €1,680 (+433.8%), from €387 to €2,068
- Gross operating margin +€21,392
up €21,392 (+38.8%), from €55,124 to €76,516
- Taxes +€8,658
up €8,658 (+81.4%), from €10,641 to €19,298
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.
Cash bridge derived
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 | €24,796 | €56,345 | +€31,550 | +127.2% |
| Fixed assets | 21/28 | €880 | €2,414 | +€1,535 | +174.5% |
| Tangible fixed assets | 22/27 | €880 | €2,414 | +€1,535 | +174.5% |
| Land and buildings | 22 | €753 | €636 | -€117 | -15.5% |
| Plant, machinery and equipment | 23 | €127 | €63 | -€64 | -50.1% |
| Furniture and vehicles | 24 | €0 | €1,715 | +€1,715 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €23,916 | €53,931 | +€30,015 | +125.5% |
| Amounts receivable within one year | 40/41 | €5,344 | €25,838 | +€20,494 | +383.5% |
| Trade receivables | 40 | €0 | €19,965 | +€19,965 | |
| Other amounts receivable | 41 | €5,344 | €5,873 | +€529 | +9.9% |
| Cash at bank and in hand | 54/58 | €18,572 | €26,593 | +€8,021 | +43.2% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €24,796 | €56,345 | +€31,550 | +127.2% |
| Equity | 10/15 | €3,014 | €3,014 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514 | €514 | = | 0.0% |
| Amounts payable | 17/49 | €21,781 | €53,331 | +€31,550 | +144.8% |
| Amounts payable within one year | 42/48 | €21,781 | €53,331 | +€31,550 | +144.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,267 | +€10,267 | |
| Trade debts | 44 | €387 | €2,068 | +€1,680 | +433.8% |
| Suppliers | 440/4 | €387 | €2,068 | +€1,680 | +433.8% |
| Taxes, remuneration and social security | 45 | €2,090 | €7,406 | +€5,316 | +254.3% |
| Taxes | 450/3 | €2,090 | €7,406 | +€5,316 | +254.3% |
| Other amounts payable | 47/48 | €19,304 | €33,590 | +€14,286 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €591 | -€115 | -16.3% |
| Other operating charges | 640/8 | €387 | €456 | +€69 | +17.8% |
| Gross operating margin | 9900 | €55,124 | €76,516 | +€21,392 | +38.8% |
| Operating profit (loss) | 9901 | €54,032 | €75,469 | +€21,437 | +39.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €434 | €598 | +€164 | +37.8% |
| Recurring financial charges | 65 | €434 | €598 | +€164 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €53,597 | €74,873 | +€21,276 | +39.7% |
| Income taxes | 67/77 | €10,641 | €19,298 | +€8,658 | +81.4% |
| Profit (loss) for the period | 9904 | €42,957 | €55,575 | +€12,618 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,957 | €55,575 | +€12,618 | +29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.