BRUSSELS AVIATION SCHOOL: what changed
What changed
BRUSSELS AVIATION SCHOOL
NACE 85.532, Education
filed annual accounts (NBB)
Net result for the year
€41,209
2024 · €38,866+€2,343
Equity
€228,092
2024 · €86,892+€141,200
Cash
€322,106
2024 · €78,894+€243,212
Balance sheet total
€1.2m
2024 · €937,934+€276,477
Largest movements
Assets
- Cash +€243,212
up €243,212 (+308%), from €78,894 to €322,106
mainly Trade debts (+€175,761) and Depreciation (+€100,690)
- Tangible fixed assets +€102,442
up €102,442 (+15.3%), from €670,983 to €773,424
of which Furniture and vehicles: +€105,912
- Receivables within one year -€55,910
down €55,910 (-35.9%), from €155,936 to €100,026
of which Trade receivables: -€55,910
- Deferred charges and accrued income -€24,283
down €24,283 (-95.3%), from €25,468 to €1,184
Equity and liabilities
- Trade debts +€175,761
up €175,761 (+1,177%), from €14,938 to €190,699
- Reserves +€140,988
up €140,988 (+364%), from €38,700 to €179,688
of which Tax-exempt reserves: +€125,988
- Debts after one year -€68,535
down €68,535 (-15.6%), from €438,277 to €369,742
- Provisions +€35,996
new in 2025: €35,996
- Current portion of long-term debt +€29,699
up €29,699 (+50.2%), from €59,139 to €88,838
Income statement
- Gross operating margin +€169,595
up €169,595 (+116%), from €146,429 to €316,024
- Depreciation +€18,495
up €18,495 (+22.5%), from €82,195 to €100,690
- Financial charges +€11,368
up €11,368 (+70.5%), from €16,131 to €27,500
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,866
Gross operating margin
+€169,595
Depreciation
-€18,495
Write-downs
+€35
Other operating charges
-€1,201
Financial income
+€720
Financial charges
-€11,368
Taxes
-€955
Deferred taxes and other
-€135,987
Result 2025
€41,209
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€396,205
Investment
-€214,148
Financing
+€61,155
Cash 2024
€78,894
From operations (derived)
+€396,205
Net result for the year
+€41,209
Depreciation
+€100,690
Receivables within one year
+€55,910
Deferred charges and accrued income
+€24,283
Provisions
+€35,996
Trade debts
+€175,761
Tax, wage and social debts
+€2,726
Advances received
-€25,000
Other debts
-€15,370
Investment (derived)
-€214,148
Investment in fixed assets (net)
-€214,148
Financing
+€61,155
Debts after one year
-€68,535
Current portion of long-term debt
+€29,699
Contributions, distributions and other
+€99,991
Cash 2025
€322,106
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €937,934 | €1,214,411 | +€276,477 | +29.5% |
| Fixed assets | 21/28 | €677,637 | €791,095 | +€113,458 | +16.7% |
| Intangible fixed assets | 21 | €714 | €11,731 | +€11,016 | +1,543% |
| Tangible fixed assets | 22/27 | €670,983 | €773,424 | +€102,442 | +15.3% |
| Plant, machinery and equipment | 23 | - | €2,763 | +€2,763 | |
| Furniture and vehicles | 24 | €638,746 | €744,657 | +€105,912 | +16.6% |
| Other tangible fixed assets | 26 | €32,237 | €26,004 | -€6,233 | -19.3% |
| Financial fixed assets | 28 | €5,940 | €5,940 | = | 0.0% |
| Current assets | 29/58 | €260,297 | €423,316 | +€163,019 | +62.6% |
| Amounts receivable within one year | 40/41 | €155,936 | €100,026 | -€55,910 | -35.9% |
| Trade receivables | 40 | €154,945 | €99,035 | -€55,910 | -36.1% |
| Other amounts receivable | 41 | €991 | €991 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,894 | €322,106 | +€243,212 | +308% |
| Deferred charges and accrued income | 490/1 | €25,468 | €1,184 | -€24,283 | -95.3% |
| Total equity and liabilities | 10/49 | €937,934 | €1,214,411 | +€276,477 | +29.5% |
| Equity | 10/15 | €86,892 | €228,092 | +€141,200 | +163% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €38,700 | €179,688 | +€140,988 | +364% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €125,988 | +€125,988 | |
| Distributable reserves | 133 | €36,800 | €51,800 | +€15,000 | +40.8% |
| Profit (loss) carried forward | 14 | €29,192 | €29,404 | +€212 | +0.7% |
| Provisions and deferred taxes | 16 | - | €35,996 | +€35,996 | |
| Deferred taxes | 168 | - | €35,996 | +€35,996 | |
| Amounts payable | 17/49 | €851,042 | €950,323 | +€99,281 | +11.7% |
| Amounts payable after more than one year | 17 | €438,277 | €369,742 | -€68,535 | -15.6% |
| Financial debts | 170/4 | €438,277 | €369,742 | -€68,535 | -15.6% |
| Amounts payable within one year | 42/48 | €408,745 | €576,561 | +€167,816 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €59,139 | €88,838 | +€29,699 | +50.2% |
| Trade debts | 44 | €14,938 | €190,699 | +€175,761 | +1,177% |
| Suppliers | 440/4 | €14,938 | €190,699 | +€175,761 | +1,177% |
| Advances received on contracts in progress | 46 | €295,000 | €270,000 | -€25,000 | -8.5% |
| Taxes, remuneration and social security | 45 | €19,987 | €22,713 | +€2,726 | +13.6% |
| Taxes | 450/3 | €19,987 | €22,713 | +€2,726 | +13.6% |
| Other amounts payable | 47/48 | €19,681 | €4,311 | -€15,370 | -78.1% |
| Accrued charges and deferred income | 492/3 | €4,020 | €4,020 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,195 | €100,690 | +€18,495 | +22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35 | - | -€35 | |
| Other operating charges | 640/8 | €450 | €1,652 | +€1,201 | +267% |
| Gross operating margin | 9900 | €146,429 | €316,024 | +€169,595 | +116% |
| Operating profit (loss) | 9901 | €63,748 | €213,682 | +€149,934 | +235% |
| Financial income | 75/76B | €363 | €1,083 | +€720 | +198% |
| Recurring financial income | 75 | €363 | €1,083 | +€720 | +198% |
| Financial charges | 65/66B | €16,131 | €27,500 | +€11,368 | +70.5% |
| Recurring financial charges | 65 | €16,131 | €27,500 | +€11,368 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €47,980 | €187,265 | +€139,285 | +290% |
| Transfer from deferred taxes | 780 | - | €4,000 | +€4,000 | |
| Transfer to deferred taxes | 680 | - | €139,987 | +€139,987 | |
| Income taxes | 67/77 | €9,114 | €10,069 | +€955 | +10.5% |
| Profit (loss) for the period | 9904 | €38,866 | €41,209 | +€2,343 | +6.0% |
| Transfer from tax-exempt reserves | 789 | - | €13,999 | +€13,999 | |
| Transfer to tax-exempt reserves | 689 | - | €39,996 | +€39,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,866 | €15,212 | -€23,654 | -60.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.