AVIAHANDLOGS: 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.
AVIAHANDLOGS
Largest movements
- Current investments -€65,543
down €65,543 (-54.6%), from €120,001 to €54,458
- Cash -€10,288
down €10,288 (-78.7%), from €13,078 to €2,791
mainly Net result for the year (-€67,359) and Tax, wage and social debts (-€13,774)
- Tangible fixed assets -€10,194
down €10,194 (-28.6%), from €35,607 to €25,413
- Reserves -€65,588
down €65,588 (-56.0%), from €117,038 to €51,450
- Tax, wage and social debts -€13,774
down €13,774 (-98.9%), from €13,925 to €151
of which Taxes: -€13,774
- Other debts -€6,318
down €6,318 (-24.4%), from €25,843 to €19,525
- Profit (loss) carried forward -€1,771
new in 2025: -€1,771
- Gross operating margin -€107,004
down €107,004, from €53,110 to -€53,894
- Taxes -€8,210
down €8,210 (-98.2%), from €8,361 to €151
- Financial charges -€1,484
down €1,484 (-90.8%), from €1,634 to €150
- Financial income +€1,041
up €1,041 (+273%), from €381 to €1,422
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 | €171,552 | €84,194 | -€87,358 | -50.9% |
| Fixed assets | 21/28 | €35,607 | €25,413 | -€10,194 | -28.6% |
| Tangible fixed assets | 22/27 | €35,607 | €25,413 | -€10,194 | -28.6% |
| Furniture and vehicles | 24 | €35,607 | €25,413 | -€10,194 | -28.6% |
| Current assets | 29/58 | €135,945 | €58,781 | -€77,164 | -56.8% |
| Amounts receivable within one year | 40/41 | €1,639 | €382 | -€1,257 | -76.7% |
| Trade receivables | 40 | €0 | €93 | +€93 | |
| Other amounts receivable | 41 | €1,639 | €288 | -€1,351 | -82.4% |
| Current investments | 50/53 | €120,001 | €54,458 | -€65,543 | -54.6% |
| Cash at bank and in hand | 54/58 | €13,078 | €2,791 | -€10,288 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,227 | €1,151 | -€76 | -6.2% |
| Total equity and liabilities | 10/49 | €171,552 | €84,194 | -€87,358 | -50.9% |
| Equity | 10/15 | €129,438 | €62,079 | -€67,359 | -52.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,038 | €51,450 | -€65,588 | -56.0% |
| Distributable reserves | 133 | €117,038 | €51,450 | -€65,588 | -56.0% |
| Profit (loss) carried forward | 14 | - | -€1,771 | -€1,771 | |
| Amounts payable | 17/49 | €42,114 | €22,115 | -€19,999 | -47.5% |
| Amounts payable within one year | 42/48 | €40,615 | €20,616 | -€19,999 | -49.2% |
| Financial debts | 43 | €591 | €940 | +€349 | +59.1% |
| Credit institutions | 430/8 | €591 | €940 | +€349 | +59.1% |
| Trade debts | 44 | €257 | €0 | -€257 | -100% |
| Suppliers | 440/4 | €257 | €0 | -€257 | -100% |
| Taxes, remuneration and social security | 45 | €13,925 | €151 | -€13,774 | -98.9% |
| Taxes | 450/3 | €13,925 | €151 | -€13,774 | -98.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,843 | €19,525 | -€6,318 | -24.4% |
| Accrued charges and deferred income | 492/3 | €1,499 | €1,499 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,468 | €13,594 | +€126 | +0.9% |
| Other operating charges | 640/8 | €1,078 | €992 | -€86 | -8.0% |
| Gross operating margin | 9900 | €53,110 | -€53,894 | -€107,004 | |
| Operating profit (loss) | 9901 | €38,564 | -€68,479 | -€107,044 | |
| Financial income | 75/76B | €381 | €1,422 | +€1,041 | +273% |
| Recurring financial income | 75 | €381 | €1,422 | +€1,041 | +273% |
| Financial charges | 65/66B | €1,634 | €150 | -€1,484 | -90.8% |
| Recurring financial charges | 65 | €1,634 | €150 | -€1,484 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €37,311 | -€67,208 | -€104,519 | |
| Income taxes | 67/77 | €8,361 | €151 | -€8,210 | -98.2% |
| Profit (loss) for the period | 9904 | €28,950 | -€67,359 | -€96,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,950 | -€67,359 | -€96,309 |
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 19 October 2026 via checked.be.