AVIATIC: 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.
AVIATIC
Largest movements
- Intangible fixed assets -€60,013
down €60,013 (-44.1%), from €136,000 to €75,987
- Receivables within one year -€29,351
down €29,351 (-60.2%), from €48,750 to €19,399
of which Other amounts receivable: -€29,605
- Tangible fixed assets +€24,254
up €24,254 (+37.5%), from €64,708 to €88,963
of which Furniture and vehicles: +€51,650
- Stocks and contracts -€22,369
down €22,369 (-43.9%), from €50,936 to €28,567
- Cash -€19,943
down €19,943 (-53.2%), from €37,522 to €17,579
mainly Net result for the year (-€151,486) and Investment in fixed assets (net) (-€59,750)
- Profit (loss) carried forward -€151,486
down €151,486 (-157%), from -€96,515 to -€248,001
- Other debts +€78,762
up €78,762 (+182%), from €43,349 to €122,110
- Tax, wage and social debts -€18,850
down €18,850 (-27.6%), from €68,296 to €49,446
of which Remuneration and social security: -€17,460
- Trade debts -€11,765
down €11,765 (-7.9%), from €148,643 to €136,878
- Gross operating margin -€154,537
down €154,537 (-25.8%), from €599,304 to €444,767
- Staff costs -€66,226
down €66,226 (-12.0%), from €551,167 to €484,941
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 | €344,793 | €235,710 | -€109,083 | -31.6% |
| Fixed assets | 21/28 | €201,396 | €165,637 | -€35,759 | -17.8% |
| Intangible fixed assets | 21 | €136,000 | €75,987 | -€60,013 | -44.1% |
| Tangible fixed assets | 22/27 | €64,708 | €88,963 | +€24,254 | +37.5% |
| Plant, machinery and equipment | 23 | €64,708 | €37,313 | -€27,396 | -42.3% |
| Furniture and vehicles | 24 | €0 | €51,650 | +€51,650 | |
| Financial fixed assets | 28 | €688 | €688 | = | 0.0% |
| Current assets | 29/58 | €143,397 | €70,073 | -€73,324 | -51.1% |
| Stocks and contracts in progress | 3 | €50,936 | €28,567 | -€22,369 | -43.9% |
| Stocks | 30/36 | €50,936 | €28,567 | -€22,369 | -43.9% |
| Amounts receivable within one year | 40/41 | €48,750 | €19,399 | -€29,351 | -60.2% |
| Trade receivables | 40 | €15,425 | €15,679 | +€254 | +1.6% |
| Other amounts receivable | 41 | €33,326 | €3,720 | -€29,605 | -88.8% |
| Cash at bank and in hand | 54/58 | €37,522 | €17,579 | -€19,943 | -53.2% |
| Deferred charges and accrued income | 490/1 | €6,188 | €4,528 | -€1,661 | -26.8% |
| Total equity and liabilities | 10/49 | €344,793 | €235,710 | -€109,083 | -31.6% |
| Equity | 10/15 | -€33,074 | -€184,560 | -€151,486 | -458% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €941 | €941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €941 | €941 | = | 0.0% |
| Legal reserve | 130 | €941 | €941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,515 | -€248,001 | -€151,486 | -157% |
| Amounts payable | 17/49 | €377,867 | €420,270 | +€42,403 | +11.2% |
| Amounts payable after more than one year | 17 | €101,807 | €101,000 | -€807 | -0.8% |
| Financial debts | 170/4 | €101,807 | €101,000 | -€807 | -0.8% |
| Amounts payable within one year | 42/48 | €273,339 | €319,019 | +€45,680 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €1,423 | €0 | -€1,423 | -100% |
| Financial debts | 43 | €11,628 | €10,585 | -€1,043 | -9.0% |
| Credit institutions | 430/8 | €11,628 | €10,585 | -€1,043 | -9.0% |
| Trade debts | 44 | €148,643 | €136,878 | -€11,765 | -7.9% |
| Suppliers | 440/4 | €148,643 | €136,878 | -€11,765 | -7.9% |
| Taxes, remuneration and social security | 45 | €68,296 | €49,446 | -€18,850 | -27.6% |
| Taxes | 450/3 | €4,147 | €2,757 | -€1,390 | -33.5% |
| Remuneration and social security | 454/9 | €64,149 | €46,689 | -€17,460 | -27.2% |
| Other amounts payable | 47/48 | €43,349 | €122,110 | +€78,762 | +182% |
| Accrued charges and deferred income | 492/3 | €2,721 | €251 | -€2,470 | -90.8% |
| Non-recurring operating income | 76A | €4,268 | €0 | -€4,268 | -100% |
| Remuneration, social security and pensions | 62 | €551,167 | €484,941 | -€66,226 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,060 | €95,509 | -€2,552 | -2.6% |
| Other operating charges | 640/8 | €3,686 | €8,632 | +€4,946 | +134% |
| Gross operating margin | 9900 | €599,304 | €444,767 | -€154,537 | -25.8% |
| Operating profit (loss) | 9901 | -€53,609 | -€144,314 | -€90,705 | -169% |
| Financial income | 75/76B | €607 | €1,000 | +€393 | +64.7% |
| Recurring financial income | 75 | €607 | €1,000 | +€393 | +64.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €12,020 | €8,172 | -€3,848 | -32.0% |
| Recurring financial charges | 65 | €12,020 | €8,172 | -€3,848 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€65,021 | -€151,486 | -€86,464 | -133% |
| Profit (loss) for the period | 9904 | -€65,021 | -€151,486 | -€86,464 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,021 | -€151,486 | -€86,464 | -133% |
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 13 October 2026 via checked.be.