AVIATINA: 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.
AVIATINA
Largest movements
- Cash +€28,873
up €28,873 (+29.0%), from €99,538 to €128,411
mainly Net result for the year (+€56,014) and Short-term financial debts (+€1,610)
- Receivables within one year +€20,821
up €20,821 (+174%), from €11,973 to €32,795
of which Trade receivables: +€17,903
- Reserves +€56,014
up €56,014 (+60.0%), from €93,306 to €149,320
- Trade debts -€4,899
down €4,899 (-98.7%), from €4,965 to €67
- Tax, wage and social debts -€3,269
down €3,269 (-27.3%), from €11,993 to €8,724
- Gross operating margin +€1,417
up €1,417 (+2.0%), from €70,526 to €71,944
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 | €114,197 | €163,232 | +€49,035 | +42.9% |
| Current assets | 29/58 | €114,197 | €163,232 | +€49,035 | +42.9% |
| Amounts receivable within one year | 40/41 | €11,973 | €32,795 | +€20,821 | +174% |
| Trade receivables | 40 | €11,130 | €29,033 | +€17,903 | +161% |
| Other amounts receivable | 41 | €843 | €3,761 | +€2,918 | +346% |
| Cash at bank and in hand | 54/58 | €99,538 | €128,411 | +€28,873 | +29.0% |
| Deferred charges and accrued income | 490/1 | €2,686 | €2,027 | -€660 | -24.6% |
| Total equity and liabilities | 10/49 | €114,197 | €163,232 | +€49,035 | +42.9% |
| Equity | 10/15 | €95,806 | €151,820 | +€56,014 | +58.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €93,306 | €149,320 | +€56,014 | +60.0% |
| Distributable reserves | 133 | €93,306 | €149,320 | +€56,014 | +60.0% |
| Amounts payable | 17/49 | €18,391 | €11,412 | -€6,979 | -37.9% |
| Amounts payable within one year | 42/48 | €18,391 | €11,412 | -€6,979 | -37.9% |
| Financial debts | 43 | €1,012 | €2,621 | +€1,610 | +159% |
| Credit institutions | 430/8 | €1,012 | €2,621 | +€1,610 | +159% |
| Trade debts | 44 | €4,965 | €67 | -€4,899 | -98.7% |
| Suppliers | 440/4 | €4,965 | €67 | -€4,899 | -98.7% |
| Taxes, remuneration and social security | 45 | €11,993 | €8,724 | -€3,269 | -27.3% |
| Taxes | 450/3 | €11,993 | €8,724 | -€3,269 | -27.3% |
| Other amounts payable | 47/48 | €421 | €0 | -€421 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €816 | €0 | -€816 | -100% |
| Other operating charges | 640/8 | €59 | €397 | +€339 | +578% |
| Gross operating margin | 9900 | €70,526 | €71,944 | +€1,417 | +2.0% |
| Operating profit (loss) | 9901 | €70,468 | €71,546 | +€1,078 | +1.5% |
| Financial income | 75/76B | €0 | €35 | +€35 | |
| Recurring financial income | 75 | €0 | €35 | +€35 | |
| Financial charges | 65/66B | €628 | €1,134 | +€506 | +80.5% |
| Recurring financial charges | 65 | €628 | €1,134 | +€506 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €69,840 | €70,447 | +€608 | +0.9% |
| Income taxes | 67/77 | €14,389 | €14,434 | +€45 | +0.3% |
| Profit (loss) for the period | 9904 | €55,451 | €56,014 | +€563 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,451 | €56,014 | +€563 | +1.0% |
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 20 October 2026 via checked.be.