Flight Ahead: what changed
Two fiscal 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 Ahead
Largest movements
- Cash +€50,437
up €50,437 (+12.8%), from €393,130 to €443,566
mainly Net result for the year (+€97,711) and Tax, wage and social debts (+€32,611)
- Receivables within one year +€5,650
up €5,650 (+62.9%), from €8,990 to €14,640
of which Trade receivables: +€5,379
- Reserves +€97,711
up €97,711 (+45.7%), from €213,970 to €311,681
- Provisions -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Tax, wage and social debts +€32,611
up €32,611 (+35.3%), from €92,254 to €124,865
- Gross operating margin -€232,915
down €232,915 (-77.1%), from €302,262 to €69,346
- Provisions -€150,000
down €150,000, from €75,000 to -€75,000
- Taxes -€33,654
down €33,654 (-43.9%), from €76,723 to €43,069
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.
Cash bridge derived
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 | €404,948 | €460,674 | +€55,725 | +13.8% |
| Fixed assets | 21/28 | €2,560 | €2,190 | -€370 | -14.4% |
| Tangible fixed assets | 22/27 | €2,560 | €2,190 | -€370 | -14.4% |
| Plant, machinery and equipment | 23 | €2,560 | €2,190 | -€370 | -14.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €402,388 | €458,483 | +€56,095 | +13.9% |
| Amounts receivable within one year | 40/41 | €8,990 | €14,640 | +€5,650 | +62.9% |
| Trade receivables | 40 | €8,990 | €14,369 | +€5,379 | +59.8% |
| Other amounts receivable | 41 | - | €271 | +€271 | |
| Cash at bank and in hand | 54/58 | €393,130 | €443,566 | +€50,437 | +12.8% |
| Deferred charges and accrued income | 490/1 | €269 | €277 | +€8 | +3.1% |
| Total equity and liabilities | 10/49 | €404,948 | €460,674 | +€55,725 | +13.8% |
| Equity | 10/15 | €215,470 | €313,181 | +€97,711 | +45.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €213,970 | €311,681 | +€97,711 | +45.7% |
| Distributable reserves | 133 | €213,970 | €311,681 | +€97,711 | +45.7% |
| Provisions and deferred taxes | 16 | €75,000 | €0 | -€75,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €0 | -€75,000 | -100.0% |
| Pensions and similar obligations | 160 | €75,000 | €0 | -€75,000 | -100.0% |
| Amounts payable | 17/49 | €114,479 | €147,493 | +€33,014 | +28.8% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €104,479 | €137,493 | +€33,014 | +31.6% |
| Trade debts | 44 | €3,496 | €403 | -€3,093 | -88.5% |
| Suppliers | 440/4 | €3,496 | €403 | -€3,093 | -88.5% |
| Advances received on contracts in progress | 46 | €3,926 | €3,926 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €92,254 | €124,865 | +€32,611 | +35.3% |
| Taxes | 450/3 | €92,254 | €124,865 | +€32,611 | +35.3% |
| Other amounts payable | 47/48 | €4,803 | €8,298 | +€3,496 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,053 | €1,403 | -€1,650 | -54.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €75,000 | -€75,000 | -€150,000 | |
| Other operating charges | 640/8 | €568 | €705 | +€137 | +24.1% |
| Gross operating margin | 9900 | €302,262 | €69,346 | -€232,915 | -77.1% |
| Operating profit (loss) | 9901 | €223,641 | €142,238 | -€81,402 | -36.4% |
| Financial income | 75/76B | €21 | €0 | -€21 | -100.0% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100.0% |
| Financial charges | 65/66B | €896 | €1,458 | +€562 | +62.8% |
| Recurring financial charges | 65 | €896 | €1,458 | +€562 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €222,766 | €140,780 | -€81,986 | -36.8% |
| Income taxes | 67/77 | €76,723 | €43,069 | -€33,654 | -43.9% |
| Profit (loss) for the period | 9904 | €146,043 | €97,711 | -€48,332 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,043 | €97,711 | -€48,332 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.