FLANDERS AIR TECHNIC: what changed
What changed
FLANDERS AIR TECHNIC
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€428,548
2024 · €399,878+€28,670
Equity
€635,655
2024 · €632,107+€3,548
Cash
€710,190
2024 · €512,220+€197,970
Balance sheet total
€1.4m
2024 · €1.6m-€205,750
Largest movements
Assets
- Current investments -€450,000
down €450,000 (-100%), from €450,000 to €0
- Cash +€197,970
up €197,970 (+38.6%), from €512,220 to €710,190
mainly Current investments (+€450,000) and Net result for the year (+€428,548)
- Receivables within one year +€39,151
up €39,151 (+7.3%), from €538,496 to €577,647
of which Trade receivables: +€30,140
Equity and liabilities
- Advances received -€138,821
down €138,821 (-61.9%), from €224,338 to €85,517
- Trade debts -€84,456
down €84,456 (-26.5%), from €318,140 to €233,685
- Other debts +€27,000
up €27,000 (+6.8%), from €398,000 to €425,000
Income statement
- Staff costs -€75,711
down €75,711 (-28.7%), from €264,088 to €188,378
- Gross operating margin -€65,460
down €65,460 (-8.1%), from €805,999 to €740,539
- Financial income +€16,583
up €16,583 (+91.6%), from €18,104 to €34,687
- Taxes +€8,512
up €8,512 (+6.3%), from €135,773 to €144,285
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
€399,878
Gross operating margin
-€65,460
Staff costs
+€75,711
Depreciation
+€4,215
Other operating charges
+€1,823
Financial income
+€16,583
Financial charges
+€4,329
Taxes
-€8,512
Deferred taxes and other
-€19
Result 2025
€428,548
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
+€178,356
Investment
+€444,614
Financing
-€425,000
Cash 2024
€512,220
From operations (derived)
+€178,356
Net result for the year
+€428,548
Depreciation
+€10,359
Stocks and contracts
-€3,357
Receivables within one year
-€39,151
Deferred charges and accrued income
-€8,744
Trade debts
-€84,456
Tax, wage and social debts
-€12,881
Advances received
-€138,821
Other debts
+€27,000
Accrued charges and deferred income
-€140
Investment (derived)
+€444,614
Investment in fixed assets (net)
-€5,386
Current investments
+€450,000
Financing
-€425,000
Contributions, distributions and other
-€425,000
Cash 2025
€710,190
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,613,212 | €1,407,461 | -€205,750 | -12.8% |
| Fixed assets | 21/28 | €24,673 | €19,701 | -€4,972 | -20.2% |
| Tangible fixed assets | 22/27 | €24,673 | €19,701 | -€4,972 | -20.2% |
| Plant, machinery and equipment | 23 | €12,661 | €9,071 | -€3,590 | -28.4% |
| Furniture and vehicles | 24 | €12,012 | €10,630 | -€1,382 | -11.5% |
| Current assets | 29/58 | €1,588,538 | €1,387,761 | -€200,778 | -12.6% |
| Stocks and contracts in progress | 3 | €80,832 | €84,190 | +€3,357 | +4.2% |
| Stocks | 30/36 | €72,191 | €71,695 | -€496 | -0.7% |
| Contracts in progress | 37 | €8,641 | €12,494 | +€3,853 | +44.6% |
| Amounts receivable within one year | 40/41 | €538,496 | €577,647 | +€39,151 | +7.3% |
| Trade receivables | 40 | €475,697 | €505,838 | +€30,140 | +6.3% |
| Other amounts receivable | 41 | €62,799 | €71,809 | +€9,011 | +14.3% |
| Current investments | 50/53 | €450,000 | €0 | -€450,000 | -100% |
| Cash at bank and in hand | 54/58 | €512,220 | €710,190 | +€197,970 | +38.6% |
| Deferred charges and accrued income | 490/1 | €6,990 | €15,734 | +€8,744 | +125% |
| Total equity and liabilities | 10/49 | €1,613,212 | €1,407,461 | -€205,750 | -12.8% |
| Equity | 10/15 | €632,107 | €635,655 | +€3,548 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €96,362 | €96,362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,162 | €15,162 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €473,745 | €477,293 | +€3,548 | +0.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €981,105 | €771,807 | -€209,298 | -21.3% |
| Amounts payable within one year | 42/48 | €980,898 | €771,740 | -€209,158 | -21.3% |
| Trade debts | 44 | €318,140 | €233,685 | -€84,456 | -26.5% |
| Suppliers | 440/4 | €318,140 | €233,685 | -€84,456 | -26.5% |
| Advances received on contracts in progress | 46 | €224,338 | €85,517 | -€138,821 | -61.9% |
| Taxes, remuneration and social security | 45 | €40,419 | €27,538 | -€12,881 | -31.9% |
| Taxes | 450/3 | €2,840 | €0 | -€2,840 | -100% |
| Remuneration and social security | 454/9 | €37,579 | €27,538 | -€10,041 | -26.7% |
| Other amounts payable | 47/48 | €398,000 | €425,000 | +€27,000 | +6.8% |
| Accrued charges and deferred income | 492/3 | €207 | €67 | -€140 | -67.5% |
| Non-recurring operating income | 76A | €6,250 | €4,000 | -€2,250 | -36.0% |
| Remuneration, social security and pensions | 62 | €264,088 | €188,378 | -€75,711 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,574 | €10,359 | -€4,215 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,759 | €1,937 | -€1,823 | -48.5% |
| Gross operating margin | 9900 | €805,999 | €740,539 | -€65,460 | -8.1% |
| Operating profit (loss) | 9901 | €523,578 | €539,866 | +€16,288 | +3.1% |
| Financial income | 75/76B | €18,104 | €34,687 | +€16,583 | +91.6% |
| Recurring financial income | 75 | €18,104 | €34,687 | +€16,583 | +91.6% |
| Financial charges | 65/66B | €6,050 | €1,721 | -€4,329 | -71.6% |
| Recurring financial charges | 65 | €6,050 | €1,721 | -€4,329 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €535,632 | €572,833 | +€37,200 | +6.9% |
| Transfer from deferred taxes | 780 | €19 | €0 | -€19 | -100% |
| Income taxes | 67/77 | €135,773 | €144,285 | +€8,512 | +6.3% |
| Profit (loss) for the period | 9904 | €399,878 | €428,548 | +€28,670 | +7.2% |
| Transfer from tax-exempt reserves | 789 | €57 | €0 | -€57 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €399,935 | €428,548 | +€28,613 | +7.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.