BEL - AIR: 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.
BEL - AIR
Largest movements
- Tangible fixed assets +€28,472
up €28,472, from €0 to €28,472
of which Furniture and vehicles: +€28,472
- Receivables within one year +€10,691
up €10,691 (+24.5%), from €43,651 to €54,342
of which Trade receivables: +€10,691
- Cash +€1,085
up €1,085 (+8.2%), from €13,212 to €14,297
mainly Net result for the year (+€44,068) and Tax, wage and social debts (+€8,809)
- Profit (loss) carried forward +€44,068
up €44,068 (+68.3%), from -€64,515 to -€20,447
- Other debts -€19,230
down €19,230 (-38.3%), from €50,206 to €30,975
- Tax, wage and social debts +€8,809
up €8,809 (+1,260%), from €699 to €9,508
of which Remuneration and social security: +€9,508
- Trade debts +€6,602
up €6,602 (+21.7%), from €30,416 to €37,018
- Gross operating margin +€19,214
up €19,214 (+16.1%), from €119,378 to €138,591
- Depreciation +€6,314
up €6,314 (+7,209%), from €88 to €6,402
- Other operating charges +€1,770
up €1,770 (+34.2%), from €5,184 to €6,954
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 | €56,863 | €97,111 | +€40,248 | +70.8% |
| Fixed assets | 21/28 | €0 | €28,472 | +€28,472 | |
| Tangible fixed assets | 22/27 | €0 | €28,472 | +€28,472 | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €28,472 | +€28,472 | |
| Current assets | 29/58 | €56,863 | €68,639 | +€11,776 | +20.7% |
| Amounts receivable within one year | 40/41 | €43,651 | €54,342 | +€10,691 | +24.5% |
| Trade receivables | 40 | €43,651 | €54,342 | +€10,691 | +24.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,212 | €14,297 | +€1,085 | +8.2% |
| Total equity and liabilities | 10/49 | €56,863 | €97,111 | +€40,248 | +70.8% |
| Equity | 10/15 | -€56,458 | -€12,390 | +€44,068 | +78.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€64,515 | -€20,447 | +€44,068 | +68.3% |
| Amounts payable | 17/49 | €113,321 | €109,502 | -€3,819 | -3.4% |
| Amounts payable after more than one year | 17 | €32,000 | €32,000 | = | 0.0% |
| Financial debts | 170/4 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,321 | €77,502 | -€3,819 | -4.7% |
| Trade debts | 44 | €30,416 | €37,018 | +€6,602 | +21.7% |
| Suppliers | 440/4 | €30,416 | €37,018 | +€6,602 | +21.7% |
| Taxes, remuneration and social security | 45 | €699 | €9,508 | +€8,809 | +1,260% |
| Taxes | 450/3 | €699 | - | -€699 | |
| Remuneration and social security | 454/9 | €0 | €9,508 | +€9,508 | |
| Other amounts payable | 47/48 | €50,206 | €30,975 | -€19,230 | -38.3% |
| Remuneration, social security and pensions | 62 | €78,551 | €78,213 | -€338 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €6,402 | +€6,314 | +7,209% |
| Other operating charges | 640/8 | €5,184 | €6,954 | +€1,770 | +34.2% |
| Gross operating margin | 9900 | €119,378 | €138,591 | +€19,214 | +16.1% |
| Operating profit (loss) | 9901 | €35,555 | €47,022 | +€11,467 | +32.3% |
| Financial charges | 65/66B | €3,772 | €2,955 | -€817 | -21.7% |
| Recurring financial charges | 65 | €3,772 | €2,955 | -€817 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €31,783 | €44,068 | +€12,284 | +38.7% |
| Profit (loss) for the period | 9904 | €31,783 | €44,068 | +€12,284 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,783 | €44,068 | +€12,284 | +38.7% |
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 20 October 2026 via checked.be.