FLIGHT ADVISE: 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.
FLIGHT ADVISE
Largest movements
- Tangible fixed assets +€939,444
up €939,444 (+98.7%), from €951,988 to €1.9m
- Cash -€97,355
down €97,355 (-54.6%), from €178,462 to €81,108
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€20,612)
- Receivables within one year +€20,612
up €20,612 (+162%), from €12,727 to €33,339
of which Trade receivables: +€20,634
- Debts after one year +€791,519
up €791,519 (+302%), from €262,500 to €1.1m
- Current portion of long-term debt +€51,120
up €51,120 (+102%), from €50,000 to €101,120
- Gross operating margin +€97,569
up €97,569 (+135%), from €72,041 to €169,610
- Depreciation +€58,134
up €58,134 (+85.3%), from €68,122 to €126,256
- Financial charges +€12,150
up €12,150 (+63.5%), from €19,129 to €31,279
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 | €1,144,133 | €2,008,578 | +€864,445 | +75.6% |
| Fixed assets | 21/28 | €951,988 | €1,891,432 | +€939,444 | +98.7% |
| Tangible fixed assets | 22/27 | €951,988 | €1,891,432 | +€939,444 | +98.7% |
| Land and buildings | 22 | €951,988 | €1,891,432 | +€939,444 | +98.7% |
| Current assets | 29/58 | €192,145 | €117,146 | -€74,998 | -39.0% |
| Amounts receivable within one year | 40/41 | €12,727 | €33,339 | +€20,612 | +162% |
| Trade receivables | 40 | €12,705 | €33,339 | +€20,634 | +162% |
| Other amounts receivable | 41 | €22 | €0 | -€22 | -100% |
| Cash at bank and in hand | 54/58 | €178,462 | €81,108 | -€97,355 | -54.6% |
| Deferred charges and accrued income | 490/1 | €956 | €2,700 | +€1,744 | +182% |
| Total equity and liabilities | 10/49 | €1,144,133 | €2,008,578 | +€864,445 | +75.6% |
| Equity | 10/15 | -€101,158 | -€93,467 | +€7,691 | +7.6% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,008 | -€112,317 | +€7,691 | +6.4% |
| Amounts payable | 17/49 | €1,245,291 | €2,102,045 | +€856,754 | +68.8% |
| Amounts payable after more than one year | 17 | €262,500 | €1,054,019 | +€791,519 | +302% |
| Financial debts | 170/4 | €262,500 | €1,054,019 | +€791,519 | +302% |
| Amounts payable within one year | 42/48 | €982,791 | €1,048,026 | +€65,235 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €101,120 | +€51,120 | +102% |
| Trade debts | 44 | €1,700 | €8,070 | +€6,370 | +375% |
| Suppliers | 440/4 | €1,700 | €8,070 | +€6,370 | +375% |
| Taxes, remuneration and social security | 45 | €1,091 | €8,836 | +€7,745 | +710% |
| Taxes | 450/3 | €1,091 | €8,836 | +€7,745 | +710% |
| Other amounts payable | 47/48 | €930,000 | €930,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,122 | €126,256 | +€58,134 | +85.3% |
| Other operating charges | 640/8 | €4,500 | €4,384 | -€116 | -2.6% |
| Gross operating margin | 9900 | €72,041 | €169,610 | +€97,569 | +135% |
| Operating profit (loss) | 9901 | -€581 | €38,970 | +€39,550 | |
| Financial income | 75/76B | €1,429 | €0 | -€1,428 | -100.0% |
| Recurring financial income | 75 | €1,429 | €0 | -€1,428 | -100.0% |
| Financial charges | 65/66B | €19,129 | €31,279 | +€12,150 | +63.5% |
| Recurring financial charges | 65 | €19,129 | €31,279 | +€12,150 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,281 | €7,691 | +€25,972 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€18,281 | €7,691 | +€25,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,281 | €7,691 | +€25,972 |
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 21 October 2026 via checked.be.