CITY AIR: what changed
What changed
CITY AIR
NACE 49.310, Scheduled passenger transport by road
filed annual accounts (NBB)
Net result for the year
€7,851
2022 · -€405+€8,256
Equity
€30,885
2022 · €23,034+€7,851
Cash
€3,611
2022 · €5,609-€1,998
Balance sheet total
€83,948
2022 · €85,823-€1,874
Largest movements
Assets
- Receivables within one year +€13,450
up €13,450 (+49.7%), from €27,066 to €40,516
of which Other amounts receivable: +€11,848
- Tangible fixed assets -€13,433
down €13,433 (-26.2%), from €51,330 to €37,897
of which Furniture and vehicles: -€13,007
- Cash -€1,998
down €1,998 (-35.6%), from €5,609 to €3,611
mainly Receivables within one year (-€13,450) and Debts after one year (-€10,007)
Equity and liabilities
- Debts after one year -€10,007
down €10,007 (-26.2%), from €38,210 to €28,203
- Profit (loss) carried forward +€7,851
up €7,851 (+10,548%), from €74 to €7,925
- Tax, wage and social debts -€2,528
down €2,528 (-18.9%), from €13,395 to €10,867
of which Taxes: -€2,789
- Trade debts +€1,620
up €1,620 (+110%), from €1,473 to €3,093
- Short-term financial debts +€894
new in 2023: €894
Income statement
- Turnover +€181,547
new in 2023: €181,547
- Gross operating margin +€23,665
up €23,665 (+54.5%), from €43,438 to €67,103
- Staff costs +€14,836
up €14,836 (+68.0%), from €21,829 to €36,665
- Other operating charges -€11,398
down €11,398 (-85.8%), from €13,283 to €1,885
- Purchases and services +€8,697
up €8,697 (+8.2%), from €105,747 to €114,444
Change in the result, 2022 to 2023
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 2022
-€405
Gross operating margin
+€23,665
Staff costs
-€14,836
Depreciation
-€7,521
Write-downs
-€101
Other operating charges
+€11,398
Financial income
-€879
Financial charges
-€1,059
Taxes
-€2,411
Result 2023
€7,851
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,552
Investment
-€2,733
Financing
-€8,817
Cash 2022
€5,609
From operations (derived)
+€9,552
Net result for the year
+€7,851
Depreciation
+€16,166
Receivables within one year
-€13,450
Deferred charges and accrued income
-€106
Trade debts
+€1,620
Tax, wage and social debts
-€2,528
Investment (derived)
-€2,733
Investment in fixed assets (net)
-€2,733
Financing
-€8,817
Debts after one year
-€10,007
Current portion of long-term debt
+€296
Short-term financial debts
+€894
Cash 2023
€3,611
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,823 | €83,948 | -€1,874 | -2.2% |
| Fixed assets | 21/28 | €51,330 | €37,897 | -€13,433 | -26.2% |
| Tangible fixed assets | 22/27 | €51,330 | €37,897 | -€13,433 | -26.2% |
| Plant, machinery and equipment | 23 | - | €660 | +€660 | |
| Furniture and vehicles | 24 | €49,450 | €36,444 | -€13,007 | -26.3% |
| Other tangible fixed assets | 26 | €1,880 | €793 | -€1,086 | -57.8% |
| Current assets | 29/58 | €34,492 | €46,051 | +€11,559 | +33.5% |
| Amounts receivable within one year | 40/41 | €27,066 | €40,516 | +€13,450 | +49.7% |
| Trade receivables | 40 | €16,772 | €18,374 | +€1,602 | +9.6% |
| Other amounts receivable | 41 | €10,294 | €22,142 | +€11,848 | +115% |
| Cash at bank and in hand | 54/58 | €5,609 | €3,611 | -€1,998 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,818 | €1,925 | +€106 | +5.9% |
| Total equity and liabilities | 10/49 | €85,823 | €83,948 | -€1,874 | -2.2% |
| Equity | 10/15 | €23,034 | €30,885 | +€7,851 | +34.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,560 | €10,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,700 | €8,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74 | €7,925 | +€7,851 | +10,548% |
| Amounts payable | 17/49 | €62,788 | €53,063 | -€9,725 | -15.5% |
| Amounts payable after more than one year | 17 | €38,210 | €28,203 | -€10,007 | -26.2% |
| Financial debts | 170/4 | €38,210 | €28,203 | -€10,007 | -26.2% |
| Amounts payable within one year | 42/48 | €24,579 | €24,860 | +€282 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €9,711 | €10,007 | +€296 | +3.1% |
| Financial debts | 43 | - | €894 | +€894 | |
| Credit institutions | 430/8 | - | €894 | +€894 | |
| Trade debts | 44 | €1,473 | €3,093 | +€1,620 | +110% |
| Suppliers | 440/4 | €1,473 | €3,093 | +€1,620 | +110% |
| Taxes, remuneration and social security | 45 | €13,395 | €10,867 | -€2,528 | -18.9% |
| Taxes | 450/3 | €7,844 | €5,055 | -€2,789 | -35.6% |
| Remuneration and social security | 454/9 | €5,551 | €5,812 | +€262 | +4.7% |
| Turnover | 70 | - | €181,547 | +€181,547 | |
| Goods, raw materials, services and sundry goods | 60/61 | €105,747 | €114,444 | +€8,697 | +8.2% |
| Remuneration, social security and pensions | 62 | €21,829 | €36,665 | +€14,836 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,645 | €16,166 | +€7,521 | +87.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€101 | - | +€101 | |
| Other operating charges | 640/8 | €13,283 | €1,885 | -€11,398 | -85.8% |
| Gross operating margin | 9900 | €43,438 | €67,103 | +€23,665 | +54.5% |
| Operating profit (loss) | 9901 | -€218 | €12,387 | +€12,605 | |
| Financial income | 75/76B | €913 | €34 | -€879 | -96.2% |
| Recurring financial income | 75 | €2 | €34 | +€32 | +1,430% |
| Non-recurring financial income | 76B | €911 | - | -€911 | |
| Financial charges | 65/66B | €1,239 | €2,298 | +€1,059 | +85.5% |
| Recurring financial charges | 65 | €1,239 | €2,298 | +€1,059 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | -€544 | €10,123 | +€10,668 | |
| Income taxes | 67/77 | -€139 | €2,273 | +€2,411 | |
| Profit (loss) for the period | 9904 | -€405 | €7,851 | +€8,256 | |
| Transfer from tax-exempt reserves | 789 | €19,768 | - | -€19,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,363 | €7,851 | -€11,512 | -59.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.