BRUSSELAIR: 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.
BRUSSELAIR
Largest movements
- Tangible fixed assets -€17,613
down €17,613 (-90.1%), from €19,552 to €1,939
- Profit (loss) carried forward -€26,867
down €26,867 (-59.3%), from -€45,287 to -€72,154
- Other debts +€11,410
up €11,410 (+20.1%), from €56,761 to €68,171
- Trade debts -€1,796
down €1,796 (-90.1%), from €1,993 to €197
- Turnover -€7,590
down €7,590 (-43.7%), from €17,350 to €9,760
- Purchases and services -€5,258
down €5,258 (-21.9%), from €24,007 to €18,749
- Gross operating margin -€2,062
down €2,062 (-31.0%), from -€6,657 to -€8,719
- Depreciation +€1,600
up €1,600 (+10.0%), from €16,013 to €17,613
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 | €57,454 | €39,692 | -€17,762 | -30.9% |
| Fixed assets | 21/28 | €19,632 | €2,019 | -€17,613 | -89.7% |
| Tangible fixed assets | 22/27 | €19,552 | €1,939 | -€17,613 | -90.1% |
| Furniture and vehicles | 24 | €19,552 | €1,939 | -€17,613 | -90.1% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €37,822 | €37,672 | -€150 | -0.4% |
| Amounts receivable after more than one year | 29 | €37,000 | €37,000 | = | 0.0% |
| Other amounts receivable | 291 | €37,000 | €37,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €422 | €661 | +€239 | +56.6% |
| Trade receivables | 40 | €422 | €303 | -€120 | -28.3% |
| Other amounts receivable | 41 | - | €359 | +€359 | |
| Cash at bank and in hand | 54/58 | €400 | €11 | -€389 | -97.2% |
| Total equity and liabilities | 10/49 | €57,454 | €39,692 | -€17,762 | -30.9% |
| Equity | 10/15 | -€1,908 | -€28,775 | -€26,867 | -1,408% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,379 | €42,379 | +€0 | 0.0% |
| Distributable reserves | 133 | €42,379 | €42,379 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€45,287 | -€72,154 | -€26,867 | -59.3% |
| Amounts payable | 17/49 | €59,362 | €68,466 | +€9,104 | +15.3% |
| Amounts payable within one year | 42/48 | €59,362 | €68,466 | +€9,104 | +15.3% |
| Trade debts | 44 | €1,993 | €197 | -€1,796 | -90.1% |
| Suppliers | 440/4 | €1,993 | €197 | -€1,796 | -90.1% |
| Taxes, remuneration and social security | 45 | €608 | €98 | -€510 | -83.9% |
| Taxes | 450/3 | €608 | €98 | -€510 | -83.9% |
| Other amounts payable | 47/48 | €56,761 | €68,171 | +€11,410 | +20.1% |
| Turnover | 70 | €17,350 | €9,760 | -€7,590 | -43.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,007 | €18,749 | -€5,258 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,013 | €17,613 | +€1,600 | +10.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | -€6,657 | -€8,719 | -€2,062 | -31.0% |
| Operating profit (loss) | 9901 | -€23,057 | -€26,731 | -€3,674 | -15.9% |
| Financial charges | 65/66B | €127 | €136 | +€9 | +6.9% |
| Recurring financial charges | 65 | €127 | €136 | +€9 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,184 | -€26,867 | -€3,683 | -15.9% |
| Profit (loss) for the period | 9904 | -€23,184 | -€26,867 | -€3,683 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,184 | -€26,867 | -€3,683 | -15.9% |
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 18 October 2026 via checked.be.