AVIATE: 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.
AVIATE
Largest movements
- Cash -€22,770
down €22,770 (-49.6%), from €45,951 to €23,181
mainly Net result for the year (-€21,931) and Short-term financial debts (-€3,402)
- Receivables within one year -€3,167
down €3,167 (-18.0%), from €17,553 to €14,386
of which Other amounts receivable: -€3,167
- Profit (loss) carried forward -€21,931
down €21,931, from €5,187 to -€16,744
- Short-term financial debts -€3,402
down €3,402 (-100.0%), from €3,402 to €0
- Gross operating margin -€40,348
down €40,348, from €20,997 to -€19,351
- Taxes -€6,390
down €6,390, from €6,345 to -€45
- Other operating charges -€452
down €452 (-32.2%), from €1,406 to €954
- Depreciation +€335
up €335 (+22.0%), from €1,525 to €1,860
- Financial income -€317
down €317 (-40.6%), from €782 to €464
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 | €76,517 | €50,632 | -€25,886 | -33.8% |
| Fixed assets | 21/28 | €2,994 | €3,023 | +€30 | +1.0% |
| Tangible fixed assets | 22/27 | €2,994 | €3,023 | +€30 | +1.0% |
| Furniture and vehicles | 24 | €2,424 | €2,738 | +€315 | +13.0% |
| Other tangible fixed assets | 26 | €570 | €285 | -€285 | -50.0% |
| Current assets | 29/58 | €73,524 | €47,608 | -€25,916 | -35.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,553 | €14,386 | -€3,167 | -18.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €17,553 | €14,386 | -€3,167 | -18.0% |
| Cash at bank and in hand | 54/58 | €45,951 | €23,181 | -€22,770 | -49.6% |
| Deferred charges and accrued income | 490/1 | €20 | €41 | +€21 | +104.7% |
| Total equity and liabilities | 10/49 | €76,517 | €50,632 | -€25,886 | -33.8% |
| Equity | 10/15 | €71,804 | €49,873 | -€21,931 | -30.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,217 | €54,217 | = | 0.0% |
| Distributable reserves | 133 | €54,217 | €54,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,187 | -€16,744 | -€21,931 | |
| Amounts payable | 17/49 | €4,713 | €759 | -€3,955 | -83.9% |
| Amounts payable within one year | 42/48 | €4,713 | €759 | -€3,955 | -83.9% |
| Financial debts | 43 | €3,402 | €0 | -€3,402 | -100.0% |
| Credit institutions | 430/8 | €3,402 | €0 | -€3,402 | -100.0% |
| Trade debts | 44 | €1,311 | €759 | -€552 | -42.1% |
| Suppliers | 440/4 | €1,311 | €759 | -€552 | -42.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €1,860 | +€335 | +22.0% |
| Other operating charges | 640/8 | €1,406 | €954 | -€452 | -32.2% |
| Non-recurring operating charges | 66A | €528 | €0 | -€528 | -100.0% |
| Gross operating margin | 9900 | €20,997 | -€19,351 | -€40,348 | |
| Operating profit (loss) | 9901 | €17,538 | -€22,165 | -€39,702 | |
| Financial income | 75/76B | €782 | €464 | -€317 | -40.6% |
| Recurring financial income | 75 | €782 | €464 | -€317 | -40.6% |
| Financial charges | 65/66B | €533 | €275 | -€257 | -48.3% |
| Recurring financial charges | 65 | €533 | €275 | -€257 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €17,787 | -€21,976 | -€39,763 | |
| Income taxes | 67/77 | €6,345 | -€45 | -€6,390 | |
| Profit (loss) for the period | 9904 | €11,441 | -€21,931 | -€33,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,441 | -€21,931 | -€33,373 |
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 12 October 2026 via checked.be.