BOGAERTS 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.
BOGAERTS AVIATION
Largest movements
- Receivables within one year -€7,505
down €7,505 (-54.5%), from €13,766 to €6,261
of which Trade receivables: -€7,571
- Tangible fixed assets -€2,582
down €2,582 (-33.3%), from €7,747 to €5,165
- Profit (loss) carried forward -€11,607
down €11,607, from €9,086 to -€2,521
- Other debts +€3,236
up €3,236 (+658%), from €491 to €3,727
- Tax, wage and social debts -€2,055
down €2,055 (-66.0%), from €3,115 to €1,059
- Trade debts +€357
up €357 (+4.1%), from €8,728 to €9,085
- Other operating charges +€13,053
up €13,053 (+2,545%), from €513 to €13,566
- Gross operating margin -€3,713
down €3,713 (-44.7%), from €8,298 to €4,585
- Depreciation -€1,911
down €1,911 (-42.5%), from €4,493 to €2,582
- Taxes -€167
down €167 (-99.6%), from €168 to €1
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 | €21,520 | €11,451 | -€10,070 | -46.8% |
| Fixed assets | 21/28 | €7,747 | €5,165 | -€2,582 | -33.3% |
| Tangible fixed assets | 22/27 | €7,747 | €5,165 | -€2,582 | -33.3% |
| Plant, machinery and equipment | 23 | €7,747 | €5,165 | -€2,582 | -33.3% |
| Current assets | 29/58 | €13,773 | €6,286 | -€7,487 | -54.4% |
| Amounts receivable within one year | 40/41 | €13,766 | €6,261 | -€7,505 | -54.5% |
| Trade receivables | 40 | €13,500 | €5,929 | -€7,571 | -56.1% |
| Other amounts receivable | 41 | €266 | €332 | +€66 | +24.9% |
| Cash at bank and in hand | 54/58 | €7 | €24 | +€17 | +255% |
| Total equity and liabilities | 10/49 | €21,520 | €11,451 | -€10,070 | -46.8% |
| Equity | 10/15 | €9,186 | -€2,421 | -€11,607 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,086 | -€2,521 | -€11,607 | |
| Amounts payable | 17/49 | €12,334 | €13,872 | +€1,537 | +12.5% |
| Amounts payable within one year | 42/48 | €12,334 | €13,872 | +€1,537 | +12.5% |
| Trade debts | 44 | €8,728 | €9,085 | +€357 | +4.1% |
| Suppliers | 440/4 | €8,728 | €9,085 | +€357 | +4.1% |
| Taxes, remuneration and social security | 45 | €3,115 | €1,059 | -€2,055 | -66.0% |
| Taxes | 450/3 | €3,115 | €1,059 | -€2,055 | -66.0% |
| Other amounts payable | 47/48 | €491 | €3,727 | +€3,236 | +658% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,493 | €2,582 | -€1,911 | -42.5% |
| Other operating charges | 640/8 | €513 | €13,566 | +€13,053 | +2,545% |
| Gross operating margin | 9900 | €8,298 | €4,585 | -€3,713 | -44.7% |
| Operating profit (loss) | 9901 | €3,292 | -€11,563 | -€14,855 | |
| Financial charges | 65/66B | - | €44 | +€44 | |
| Recurring financial charges | 65 | - | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | €3,292 | -€11,607 | -€14,899 | |
| Income taxes | 67/77 | €168 | €1 | -€167 | -99.6% |
| Profit (loss) for the period | 9904 | €3,124 | -€11,607 | -€14,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,124 | -€11,607 | -€14,732 |
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 29 October 2026 via checked.be.