AVIATION CONSULTING & TRAINING SERVICES: 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.
AVIATION CONSULTING & TRAINING SERVICES
Largest movements
- Receivables within one year +€549,681
up €549,681 (+9.3%), from €5.9m to €6.5m
of which Other amounts receivable: +€555,499
- Current investments -€319,184
down €319,184 (-11.5%), from €2.8m to €2.5m
- Cash -€144,352
down €144,352 (-57.0%), from €253,393 to €109,040
mainly Receivables within one year (-€549,681) and Contributions, distributions and other (-€100,000)
- Reserves +€109,815
up €109,815 (+1.0%), from €10.7m to €10.8m
of which Distributable reserves: +€109,815
- Financial income -€266,746
down €266,746 (-48.2%), from €553,405 to €286,659
- Gross operating margin +€146,363
up €146,363, from -€129,903 to €16,460
- Taxes +€21,816
up €21,816 (+31.6%), from €69,146 to €90,962
- Other operating charges -€12,008
down €12,008 (-76.8%), from €15,630 to €3,622
- Financial charges -€7,510
down €7,510, from €1,865 to -€5,645
of which Non-recurring financial charges: -€7,500
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 | €10,795,363 | €10,939,645 | +€144,282 | +1.3% |
| Fixed assets | 21/28 | €357,692 | €364,880 | +€7,188 | +2.0% |
| Tangible fixed assets | 22/27 | €6,842 | €14,030 | +€7,188 | +105% |
| Plant, machinery and equipment | 23 | €6,519 | €2,487 | -€4,032 | -61.8% |
| Furniture and vehicles | 24 | €323 | €11,542 | +€11,219 | +3,473% |
| Financial fixed assets | 28 | €350,850 | €350,850 | = | 0.0% |
| Current assets | 29/58 | €10,437,671 | €10,574,765 | +€137,094 | +1.3% |
| Amounts receivable after more than one year | 29 | €900,000 | €900,000 | = | 0.0% |
| Other amounts receivable | 291 | €900,000 | €900,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,921,879 | €6,471,560 | +€549,681 | +9.3% |
| Trade receivables | 40 | €44,581 | €38,763 | -€5,818 | -13.1% |
| Other amounts receivable | 41 | €5,877,298 | €6,432,797 | +€555,499 | +9.5% |
| Current investments | 50/53 | €2,785,360 | €2,466,176 | -€319,184 | -11.5% |
| Cash at bank and in hand | 54/58 | €253,393 | €109,040 | -€144,352 | -57.0% |
| Deferred charges and accrued income | 490/1 | €577,039 | €627,988 | +€50,949 | +8.8% |
| Total equity and liabilities | 10/49 | €10,795,363 | €10,939,645 | +€144,282 | +1.3% |
| Equity | 10/15 | €10,726,871 | €10,836,686 | +€109,815 | +1.0% |
| 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 | €10,661,693 | €10,771,508 | +€109,815 | +1.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €10,655,443 | €10,765,258 | +€109,815 | +1.0% |
| Profit (loss) carried forward | 14 | €2,678 | €2,678 | = | 0.0% |
| Amounts payable | 17/49 | €68,492 | €102,959 | +€34,467 | +50.3% |
| Amounts payable within one year | 42/48 | €68,492 | €102,959 | +€34,467 | +50.3% |
| Trade debts | 44 | €6,152 | €3,481 | -€2,670 | -43.4% |
| Suppliers | 440/4 | €6,152 | €3,481 | -€2,670 | -43.4% |
| Taxes, remuneration and social security | 45 | €57,988 | €91,677 | +€33,689 | +58.1% |
| Taxes | 450/3 | €57,988 | €91,677 | +€33,689 | +58.1% |
| Other amounts payable | 47/48 | €4,352 | €7,801 | +€3,448 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €4,365 | -€2,122 | -32.7% |
| Other operating charges | 640/8 | €15,630 | €3,622 | -€12,008 | -76.8% |
| Gross operating margin | 9900 | -€129,903 | €16,460 | +€146,363 | |
| Operating profit (loss) | 9901 | -€152,020 | €8,472 | +€160,493 | |
| Financial income | 75/76B | €553,405 | €286,659 | -€266,746 | -48.2% |
| Recurring financial income | 75 | €553,405 | €286,659 | -€266,746 | -48.2% |
| Financial charges | 65/66B | €1,865 | -€5,645 | -€7,510 | |
| Recurring financial charges | 65 | -€5,635 | -€5,645 | -€10 | -0.2% |
| Non-recurring financial charges | 66B | €7,500 | - | -€7,500 | |
| Profit (loss) for the period before taxes | 9903 | €399,520 | €300,777 | -€98,743 | -24.7% |
| Income taxes | 67/77 | €69,146 | €90,962 | +€21,816 | +31.6% |
| Profit (loss) for the period | 9904 | €330,374 | €209,815 | -€120,559 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €330,374 | €209,815 | -€120,559 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.