FLY BY WIRE: 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.
FLY BY WIRE
Largest movements
- Tangible fixed assets -€37,380
down €37,380 (-10.4%), from €359,526 to €322,146
of which Furniture and vehicles: -€23,319
- Receivables within one year -€15,872
down €15,872 (-16.1%), from €98,434 to €82,562
of which Trade receivables: -€14,581
- Advances received -€44,381
no longer reported in 2025 (was €44,381)
- Current portion of long-term debt -€28,031
no longer reported in 2025 (was €28,031)
- Reserves +€18,000
up €18,000 (+18.5%), from €97,437 to €115,437
of which Distributable reserves: +€18,000
- Trade debts +€13,457
up €13,457 (+51.8%), from €25,979 to €39,436
- Debts after one year -€10,027
down €10,027 (-4.8%), from €208,277 to €198,250
- Staff costs +€26,258
up €26,258 (+81.7%), from €32,124 to €58,382
- Taxes -€9,855
down €9,855 (-52.8%), from €18,655 to €8,800
- Gross operating margin -€7,992
down €7,992 (-5.6%), from €143,386 to €135,394
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 | €472,255 | €423,655 | -€48,601 | -10.3% |
| Fixed assets | 21/28 | €359,526 | €322,146 | -€37,380 | -10.4% |
| Tangible fixed assets | 22/27 | €359,526 | €322,146 | -€37,380 | -10.4% |
| Land and buildings | 22 | €273,293 | €262,698 | -€10,595 | -3.9% |
| Plant, machinery and equipment | 23 | €15,910 | €12,443 | -€3,466 | -21.8% |
| Furniture and vehicles | 24 | €70,324 | €47,005 | -€23,319 | -33.2% |
| Current assets | 29/58 | €112,729 | €101,509 | -€11,220 | -10.0% |
| Amounts receivable within one year | 40/41 | €98,434 | €82,562 | -€15,872 | -16.1% |
| Trade receivables | 40 | €93,943 | €79,362 | -€14,581 | -15.5% |
| Other amounts receivable | 41 | €4,491 | €3,200 | -€1,291 | -28.8% |
| Cash at bank and in hand | 54/58 | €14,295 | €18,947 | +€4,652 | +32.5% |
| Total equity and liabilities | 10/49 | €472,255 | €423,655 | -€48,601 | -10.3% |
| Equity | 10/15 | €127,896 | €146,793 | +€18,897 | +14.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,437 | €115,437 | +€18,000 | +18.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €95,437 | €113,437 | +€18,000 | +18.9% |
| Profit (loss) carried forward | 14 | €10,460 | €11,357 | +€897 | +8.6% |
| Amounts payable | 17/49 | €344,359 | €276,862 | -€67,498 | -19.6% |
| Amounts payable after more than one year | 17 | €208,277 | €198,250 | -€10,027 | -4.8% |
| Financial debts | 170/4 | €208,277 | €198,250 | -€10,027 | -4.8% |
| Amounts payable within one year | 42/48 | €135,834 | €78,363 | -€57,471 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €28,031 | - | -€28,031 | |
| Trade debts | 44 | €25,979 | €39,436 | +€13,457 | +51.8% |
| Suppliers | 440/4 | €25,979 | €39,436 | +€13,457 | +51.8% |
| Advances received on contracts in progress | 46 | €44,381 | - | -€44,381 | |
| Taxes, remuneration and social security | 45 | €19,208 | €20,693 | +€1,485 | +7.7% |
| Taxes | 450/3 | €18,320 | €20,693 | +€2,374 | +13.0% |
| Remuneration and social security | 454/9 | €889 | - | -€889 | |
| Other amounts payable | 47/48 | €18,234 | €18,234 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €248 | €248 | = | 0.0% |
| Non-recurring operating income | 76A | €78,482 | - | -€78,482 | |
| Remuneration, social security and pensions | 62 | €32,124 | €58,382 | +€26,258 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,361 | €37,380 | +€1,019 | +2.8% |
| Other operating charges | 640/8 | €1,658 | €1,607 | -€50 | -3.0% |
| Gross operating margin | 9900 | €143,386 | €135,394 | -€7,992 | -5.6% |
| Operating profit (loss) | 9901 | €73,243 | €38,024 | -€35,219 | -48.1% |
| Financial income | 75/76B | €1,246 | €0 | -€1,246 | -100.0% |
| Recurring financial income | 75 | €1,246 | €0 | -€1,246 | -100.0% |
| Financial charges | 65/66B | €9,778 | €10,326 | +€548 | +5.6% |
| Recurring financial charges | 65 | €9,778 | €10,326 | +€548 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €64,711 | €27,697 | -€37,014 | -57.2% |
| Income taxes | 67/77 | €18,655 | €8,800 | -€9,855 | -52.8% |
| Profit (loss) for the period | 9904 | €46,056 | €18,897 | -€27,159 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,056 | €18,897 | -€27,159 | -59.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.