DEVLEMINCK AIR SERVICE: 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.
DEVLEMINCK AIR SERVICE
Largest movements
- Stocks and contracts -€570,000
down €570,000 (-37.6%), from €1.5m to €944,823
- Receivables within one year +€96,665
up €96,665 (+18.1%), from €534,863 to €631,528
of which Trade receivables: +€90,480
- Other debts -€375,761
down €375,761 (-16.3%), from €2.3m to €1.9m
- Profit (loss) carried forward -€69,967
down €69,967 (-6.2%), from -€1.1m to -€1.2m
- Tax, wage and social debts -€31,150
no longer reported in 2025 (was €31,150)
- Write-downs -€300,000
down €300,000, from €150,000 to -€150,000
- Gross operating margin -€103,579
down €103,579 (-107%), from -€96,773 to -€200,351
- Other operating charges -€28,274
down €28,274 (-97.9%), from €28,874 to €600
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 | €2,103,897 | €1,626,783 | -€477,114 | -22.7% |
| Fixed assets | 21/28 | €51,680 | €33,660 | -€18,021 | -34.9% |
| Tangible fixed assets | 22/27 | €51,680 | €33,660 | -€18,021 | -34.9% |
| Plant, machinery and equipment | 23 | €51,680 | €33,660 | -€18,021 | -34.9% |
| Current assets | 29/58 | €2,052,217 | €1,593,123 | -€459,093 | -22.4% |
| Stocks and contracts in progress | 3 | €1,514,823 | €944,823 | -€570,000 | -37.6% |
| Stocks | 30/36 | €1,514,823 | €944,823 | -€570,000 | -37.6% |
| Amounts receivable within one year | 40/41 | €534,863 | €631,528 | +€96,665 | +18.1% |
| Trade receivables | 40 | €47,091 | €137,571 | +€90,480 | +192% |
| Other amounts receivable | 41 | €487,772 | €493,957 | +€6,185 | +1.3% |
| Cash at bank and in hand | 54/58 | €2,531 | €16,773 | +€14,242 | +563% |
| Total equity and liabilities | 10/49 | €2,103,897 | €1,626,783 | -€477,114 | -22.7% |
| Equity | 10/15 | -€883,843 | -€953,810 | -€69,967 | -7.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €217,666 | €217,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,766 | €5,766 | = | 0.0% |
| Distributable reserves | 133 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,120,509 | -€1,190,476 | -€69,967 | -6.2% |
| Amounts payable | 17/49 | €2,987,740 | €2,580,593 | -€407,147 | -13.6% |
| Amounts payable after more than one year | 17 | €590,000 | €590,000 | = | 0.0% |
| Financial debts | 170/4 | €590,000 | €590,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,397,740 | €1,990,593 | -€407,147 | -17.0% |
| Trade debts | 44 | €56,071 | €55,835 | -€235 | -0.4% |
| Suppliers | 440/4 | €56,071 | €55,835 | -€235 | -0.4% |
| Taxes, remuneration and social security | 45 | €31,150 | - | -€31,150 | |
| Taxes | 450/3 | €31,150 | - | -€31,150 | |
| Other amounts payable | 47/48 | €2,310,519 | €1,934,758 | -€375,761 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,021 | €18,021 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150,000 | -€150,000 | -€300,000 | |
| Other operating charges | 640/8 | €28,874 | €600 | -€28,274 | -97.9% |
| Gross operating margin | 9900 | -€96,773 | -€200,351 | -€103,579 | -107% |
| Operating profit (loss) | 9901 | -€293,667 | -€68,972 | +€224,695 | +76.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €166 | €55 | -€111 | -66.7% |
| Recurring financial charges | 65 | €166 | €55 | -€111 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€293,833 | -€69,027 | +€224,806 | +76.5% |
| Income taxes | 67/77 | - | €940 | +€940 | |
| Profit (loss) for the period | 9904 | -€293,833 | -€69,967 | +€223,865 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€293,833 | -€69,967 | +€223,865 | +76.2% |
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 28 October 2026 via checked.be.