Bernard DAVIN AVIATION: 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.
Bernard DAVIN AVIATION
Largest movements
- Cash -€5,011
down €5,011 (-59.0%), from €8,491 to €3,480
mainly Other debts (-€5,623) and Net result for the year (-€4,607)
- Intangible fixed assets -€2,969
down €2,969 (-24.3%), from €12,204 to €9,235
- Receivables within one year -€1,983
down €1,983 (-53.2%), from €3,727 to €1,744
of which Other amounts receivable: -€1,963
- Tangible fixed assets -€787
down €787 (-47.3%), from €1,663 to €876
- Other debts -€5,623
down €5,623 (-19.1%), from €29,461 to €23,838
- Profit (loss) carried forward -€4,607
down €4,607 (-65.7%), from -€7,017 to -€11,624
- Trade debts -€1,325
down €1,325 (-80.8%), from €1,641 to €316
- Tax, wage and social debts +€805
new in 2025: €805
- Gross operating margin +€2,463
up €2,463 (+75.5%), from -€3,262 to -€799
- Depreciation +€167
up €167 (+4.7%), from €3,589 to €3,756
- Other operating charges -€106
down €106 (-87.3%), from €121 to €15
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 | €26,085 | €15,334 | -€10,751 | -41.2% |
| Fixed assets | 21/28 | €13,867 | €10,111 | -€3,756 | -27.1% |
| Intangible fixed assets | 21 | €12,204 | €9,235 | -€2,969 | -24.3% |
| Tangible fixed assets | 22/27 | €1,663 | €876 | -€787 | -47.3% |
| Furniture and vehicles | 24 | €1,663 | €876 | -€787 | -47.3% |
| Current assets | 29/58 | €12,218 | €5,223 | -€6,995 | -57.2% |
| Amounts receivable within one year | 40/41 | €3,727 | €1,744 | -€1,983 | -53.2% |
| Trade receivables | 40 | €1,764 | €1,744 | -€20 | -1.1% |
| Other amounts receivable | 41 | €1,963 | €0 | -€1,963 | -100% |
| Cash at bank and in hand | 54/58 | €8,491 | €3,480 | -€5,011 | -59.0% |
| Total equity and liabilities | 10/49 | €26,085 | €15,334 | -€10,751 | -41.2% |
| Equity | 10/15 | -€5,017 | -€9,624 | -€4,607 | -91.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,017 | -€11,624 | -€4,607 | -65.7% |
| Amounts payable | 17/49 | €31,102 | €24,958 | -€6,144 | -19.8% |
| Amounts payable within one year | 42/48 | €31,102 | €24,958 | -€6,144 | -19.8% |
| Trade debts | 44 | €1,641 | €316 | -€1,325 | -80.8% |
| Suppliers | 440/4 | €1,641 | €316 | -€1,325 | -80.8% |
| Taxes, remuneration and social security | 45 | - | €805 | +€805 | |
| Taxes | 450/3 | - | €805 | +€805 | |
| Other amounts payable | 47/48 | €29,461 | €23,838 | -€5,623 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,589 | €3,756 | +€167 | +4.7% |
| Other operating charges | 640/8 | €121 | €15 | -€106 | -87.3% |
| Gross operating margin | 9900 | -€3,262 | -€799 | +€2,463 | +75.5% |
| Operating profit (loss) | 9901 | -€6,972 | -€4,571 | +€2,401 | +34.4% |
| Financial charges | 65/66B | €45 | €36 | -€9 | -20.0% |
| Recurring financial charges | 65 | €45 | €36 | -€9 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,017 | -€4,607 | +€2,410 | +34.4% |
| Profit (loss) for the period | 9904 | -€7,017 | -€4,607 | +€2,410 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,017 | -€4,607 | +€2,410 | +34.4% |
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.