CLIMAX 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.
CLIMAX Aviation
Largest movements
- Receivables within one year -€9,624
down €9,624 (-53.0%), from €18,158 to €8,534
of which Trade receivables: -€9,992
- Cash -€3,605
down €3,605 (-22.8%), from €15,840 to €12,235
mainly Net result for the year (-€9,092) and Tax, wage and social debts (-€4,642)
- Tangible fixed assets +€458
up €458 (+36.1%), from €1,270 to €1,728
of which Furniture and vehicles: +€927
- Profit (loss) carried forward -€9,092
down €9,092 (-36.4%), from €24,985 to €15,893
- Tax, wage and social debts -€4,642
down €4,642 (-66.0%), from €7,033 to €2,391
- Other debts +€966
new in 2025: €966
- Gross operating margin -€19,203
down €19,203, from €15,073 to -€4,130
- Taxes -€3,376
down €3,376 (-96.1%), from €3,513 to €137
- Financial charges +€765
up €765 (+33.0%), from €2,316 to €3,081
- Depreciation -€497
down €497 (-26.5%), from €1,873 to €1,376
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 | €35,267 | €22,497 | -€12,770 | -36.2% |
| Fixed assets | 21/28 | €1,270 | €1,728 | +€458 | +36.1% |
| Tangible fixed assets | 22/27 | €1,270 | €1,728 | +€458 | +36.1% |
| Plant, machinery and equipment | 23 | €469 | - | -€469 | |
| Furniture and vehicles | 24 | €801 | €1,728 | +€927 | +116% |
| Current assets | 29/58 | €33,997 | €20,769 | -€13,228 | -38.9% |
| Amounts receivable within one year | 40/41 | €18,158 | €8,534 | -€9,624 | -53.0% |
| Trade receivables | 40 | €16,707 | €6,716 | -€9,992 | -59.8% |
| Other amounts receivable | 41 | €1,450 | €1,818 | +€368 | +25.4% |
| Cash at bank and in hand | 54/58 | €15,840 | €12,235 | -€3,605 | -22.8% |
| Total equity and liabilities | 10/49 | €35,267 | €22,497 | -€12,770 | -36.2% |
| Equity | 10/15 | €24,986 | €15,894 | -€9,092 | -36.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,985 | €15,893 | -€9,092 | -36.4% |
| Amounts payable | 17/49 | €10,280 | €6,602 | -€3,678 | -35.8% |
| Amounts payable within one year | 42/48 | €10,280 | €6,602 | -€3,678 | -35.8% |
| Trade debts | 44 | €3,248 | €3,246 | -€2 | -0.1% |
| Suppliers | 440/4 | €2,948 | €3,246 | +€298 | +10.1% |
| Bills of exchange payable | 441 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €7,033 | €2,391 | -€4,642 | -66.0% |
| Taxes | 450/3 | €7,033 | €2,391 | -€4,642 | -66.0% |
| Other amounts payable | 47/48 | - | €966 | +€966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,873 | €1,376 | -€497 | -26.5% |
| Other operating charges | 640/8 | €387 | €476 | +€88 | +22.8% |
| Gross operating margin | 9900 | €15,073 | -€4,130 | -€19,203 | |
| Operating profit (loss) | 9901 | €12,813 | -€5,981 | -€18,794 | |
| Financial income | 75/76B | €15 | €107 | +€91 | +589% |
| Recurring financial income | 75 | €15 | €107 | +€91 | +589% |
| Financial charges | 65/66B | €2,316 | €3,081 | +€765 | +33.0% |
| Recurring financial charges | 65 | €2,316 | €3,081 | +€765 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €10,513 | -€8,955 | -€19,468 | |
| Income taxes | 67/77 | €3,513 | €137 | -€3,376 | -96.1% |
| Profit (loss) for the period | 9904 | €7,000 | -€9,092 | -€16,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,000 | -€9,092 | -€16,092 |
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 26 October 2026 via checked.be.