AVIAREPS: 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.
AVIAREPS
Largest movements
- Cash -€334,765
down €334,765 (-45.7%), from €733,313 to €398,547
mainly Receivables within one year (-€219,793) and Contributions, distributions and other (-€175,453)
- Receivables within one year +€219,793
up €219,793 (+85.6%), from €256,698 to €476,490
of which Trade receivables: +€209,265
- Trade debts -€163,498
down €163,498 (-27.6%), from €591,501 to €428,003
- Profit (loss) carried forward +€76,905
up €76,905 (+59.4%), from €129,465 to €206,370
- Tax, wage and social debts -€74,219
down €74,219 (-32.5%), from €228,086 to €153,867
of which Taxes: -€90,466
- Advances received +€48,221
up €48,221 (+401.0%), from €12,025 to €60,246
- Other operating charges +€149,197
up €149,197 (+582.1%), from €25,631 to €174,828
- Staff costs +€77,410
up €77,410 (+15.6%), from €495,704 to €573,114
- Gross operating margin +€72,972
up €72,972 (+7.0%), from €1.0m to €1.1m
- Taxes -€49,425
down €49,425 (-34.9%), from €141,820 to €92,396
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,027,428 | €906,286 | -€121,142 | -11.8% |
| Fixed assets | 21/28 | €17,081 | €13,377 | -€3,704 | -21.7% |
| Tangible fixed assets | 22/27 | €761 | €507 | -€254 | -33.3% |
| Plant, machinery and equipment | 23 | €761 | €507 | -€254 | -33.3% |
| Financial fixed assets | 28 | €16,320 | €12,870 | -€3,450 | -21.1% |
| Current assets | 29/58 | €1,010,347 | €892,909 | -€117,438 | -11.6% |
| Amounts receivable within one year | 40/41 | €256,698 | €476,490 | +€219,793 | +85.6% |
| Trade receivables | 40 | €226,931 | €436,196 | +€209,265 | +92.2% |
| Other amounts receivable | 41 | €29,767 | €40,294 | +€10,528 | +35.4% |
| Cash at bank and in hand | 54/58 | €733,313 | €398,547 | -€334,765 | -45.7% |
| Deferred charges and accrued income | 490/1 | €20,336 | €17,871 | -€2,465 | -12.1% |
| Total equity and liabilities | 10/49 | €1,027,428 | €906,286 | -€121,142 | -11.8% |
| Equity | 10/15 | €184,465 | €261,370 | +€76,905 | +41.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,465 | €206,370 | +€76,905 | +59.4% |
| Amounts payable | 17/49 | €842,963 | €644,916 | -€198,047 | -23.5% |
| Amounts payable within one year | 42/48 | €831,612 | €642,116 | -€189,496 | -22.8% |
| Trade debts | 44 | €591,501 | €428,003 | -€163,498 | -27.6% |
| Suppliers | 440/4 | €591,501 | €428,003 | -€163,498 | -27.6% |
| Advances received on contracts in progress | 46 | €12,025 | €60,246 | +€48,221 | +401.0% |
| Taxes, remuneration and social security | 45 | €228,086 | €153,867 | -€74,219 | -32.5% |
| Taxes | 450/3 | €97,340 | €6,874 | -€90,466 | -92.9% |
| Remuneration and social security | 454/9 | €130,746 | €146,993 | +€16,247 | +12.4% |
| Accrued charges and deferred income | 492/3 | €11,351 | €2,800 | -€8,551 | -75.3% |
| Remuneration, social security and pensions | 62 | €495,704 | €573,114 | +€77,410 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €254 | -€188 | -42.5% |
| Other operating charges | 640/8 | €25,631 | €174,828 | +€149,197 | +582.1% |
| Gross operating margin | 9900 | €1,045,782 | €1,118,754 | +€72,972 | +7.0% |
| Operating profit (loss) | 9901 | €524,006 | €370,558 | -€153,448 | -29.3% |
| Financial income | 75/76B | €59 | €0 | -€59 | -100.0% |
| Recurring financial income | 75 | €59 | €0 | -€59 | -100.0% |
| Financial charges | 65/66B | €19,030 | €25,805 | +€6,774 | +35.6% |
| Recurring financial charges | 65 | €19,030 | €25,805 | +€6,774 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €505,035 | €344,754 | -€160,281 | -31.7% |
| Income taxes | 67/77 | €141,820 | €92,396 | -€49,425 | -34.9% |
| Profit (loss) for the period | 9904 | €363,214 | €252,358 | -€110,857 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €363,214 | €252,358 | -€110,857 | -30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.