FLIGHTWATCH: 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.
FLIGHTWATCH
Largest movements
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Cash -€55,003
down €55,003 (-10.9%), from €502,939 to €447,937
mainly Other debts (-€144,420) and Contributions, distributions and other (-€128,285)
- Deferred charges and accrued income +€18,616
up €18,616 (+277.4%), from €6,712 to €25,328
- Other debts -€144,420
down €144,420 (-82.3%), from €175,553 to €31,132
- Trade debts -€76,659
down €76,659 (-13.5%), from €569,933 to €493,274
- Reserves +€51,743
up €51,743 (+16.8%), from €308,837 to €360,580
of which Distributable reserves: +€59,638
- Staff costs -€44,844
down €44,844 (-30.4%), from €147,351 to €102,507
- Gross operating margin -€23,715
down €23,715 (-6.3%), from €375,500 to €351,785
- Taxes +€19,470
up €19,470 (+46.5%), from €41,864 to €61,334
- Financial income +€6,040
up €6,040 (+825.1%), from €732 to €6,772
- Depreciation +€5,008
up €5,008 (+96.8%), from €5,173 to €10,182
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 | €1,173,891 | €1,008,684 | -€165,207 | -14.1% |
| Fixed assets | 21/28 | €36,127 | €24,095 | -€12,032 | -33.3% |
| Tangible fixed assets | 22/27 | €31,547 | €21,365 | -€10,182 | -32.3% |
| Furniture and vehicles | 24 | €31,547 | €21,365 | -€10,182 | -32.3% |
| Financial fixed assets | 28 | €4,580 | €2,730 | -€1,850 | -40.4% |
| Current assets | 29/58 | €1,137,764 | €984,588 | -€153,176 | -13.5% |
| Amounts receivable within one year | 40/41 | €503,113 | €511,324 | +€8,211 | +1.6% |
| Trade receivables | 40 | €470,203 | €493,787 | +€23,584 | +5.0% |
| Other amounts receivable | 41 | €32,910 | €17,537 | -€15,373 | -46.7% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €502,939 | €447,937 | -€55,003 | -10.9% |
| Deferred charges and accrued income | 490/1 | €6,712 | €25,328 | +€18,616 | +277.4% |
| Total equity and liabilities | 10/49 | €1,173,891 | €1,008,684 | -€165,207 | -14.1% |
| Equity | 10/15 | €327,437 | €379,180 | +€51,743 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €308,837 | €360,580 | +€51,743 | +16.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €186,130 | €178,235 | -€7,895 | -4.2% |
| Distributable reserves | 133 | €122,707 | €182,345 | +€59,638 | +48.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €85,176 | €85,176 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €85,176 | €85,176 | = | 0.0% |
| Other liabilities and charges | 164/5 | €85,176 | €85,176 | = | 0.0% |
| Amounts payable | 17/49 | €761,278 | €544,327 | -€216,950 | -28.5% |
| Amounts payable within one year | 42/48 | €760,034 | €543,452 | -€216,582 | -28.5% |
| Trade debts | 44 | €569,933 | €493,274 | -€76,659 | -13.5% |
| Suppliers | 440/4 | €569,933 | €493,274 | -€76,659 | -13.5% |
| Taxes, remuneration and social security | 45 | €14,548 | €19,046 | +€4,497 | +30.9% |
| Taxes | 450/3 | €0 | €5,580 | +€5,580 | |
| Remuneration and social security | 454/9 | €14,548 | €13,466 | -€1,082 | -7.4% |
| Other amounts payable | 47/48 | €175,553 | €31,132 | -€144,420 | -82.3% |
| Accrued charges and deferred income | 492/3 | €1,244 | €876 | -€368 | -29.6% |
| Remuneration, social security and pensions | 62 | €147,351 | €102,507 | -€44,844 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,173 | €10,182 | +€5,008 | +96.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,702 | €3,158 | +€456 | +16.9% |
| Gross operating margin | 9900 | €375,500 | €351,785 | -€23,715 | -6.3% |
| Operating profit (loss) | 9901 | €220,274 | €235,938 | +€15,665 | +7.1% |
| Financial income | 75/76B | €732 | €6,772 | +€6,040 | +825.1% |
| Recurring financial income | 75 | €732 | €6,772 | +€6,040 | +825.1% |
| Financial charges | 65/66B | €2,099 | €1,348 | -€752 | -35.8% |
| Recurring financial charges | 65 | €2,099 | €1,348 | -€752 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €218,906 | €241,362 | +€22,456 | +10.3% |
| Income taxes | 67/77 | €41,864 | €61,334 | +€19,470 | +46.5% |
| Profit (loss) for the period | 9904 | €177,042 | €180,028 | +€2,986 | +1.7% |
| Transfer from tax-exempt reserves | 789 | €0 | €22,630 | +€22,630 | |
| Transfer to tax-exempt reserves | 689 | €0 | €14,735 | +€14,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,042 | €187,923 | +€10,881 | +6.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.