FLYEUROP: 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.
FLYEUROP
Largest movements
- Tangible fixed assets -€79,371
down €79,371 (-10.5%), from €752,414 to €673,042
of which Leasing and similar rights: -€79,177
- Cash +€22,195
up €22,195 (+46.3%), from €47,964 to €70,158
mainly Other debts (+€239,168) and Depreciation (+€84,871)
- Receivables within one year -€11,933
down €11,933 (-50.8%), from €23,485 to €11,552
of which Trade receivables: -€10,346
- Other debts +€239,168
up €239,168 (+157%), from €152,232 to €391,400
- Profit (loss) carried forward -€186,425
down €186,425 (-20.1%), from -€926,415 to -€1.1m
- Debts after one year -€115,561
down €115,561 (-21.8%), from €531,236 to €415,675
- Trade debts -€15,786
down €15,786 (-61.0%), from €25,892 to €10,106
- Gross operating margin +€39,312
up €39,312 (+49.5%), from -€79,457 to -€40,145
- Financial charges -€2,788
down €2,788 (-13.6%), from €20,437 to €17,649
- Staff costs -€1,416
down €1,416 (-3.2%), from €44,093 to €42,678
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 | €855,298 | €783,080 | -€72,218 | -8.4% |
| Fixed assets | 21/28 | €777,097 | €692,225 | -€84,871 | -10.9% |
| Intangible fixed assets | 21 | €24,583 | €19,083 | -€5,500 | -22.4% |
| Tangible fixed assets | 22/27 | €752,414 | €673,042 | -€79,371 | -10.5% |
| Plant, machinery and equipment | 23 | €779 | €584 | -€195 | -25.0% |
| Leasing and similar rights | 25 | €751,634 | €672,458 | -€79,177 | -10.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €78,201 | €90,854 | +€12,654 | +16.2% |
| Amounts receivable within one year | 40/41 | €23,485 | €11,552 | -€11,933 | -50.8% |
| Trade receivables | 40 | €14,283 | €3,937 | -€10,346 | -72.4% |
| Other amounts receivable | 41 | €9,201 | €7,615 | -€1,586 | -17.2% |
| Cash at bank and in hand | 54/58 | €47,964 | €70,158 | +€22,195 | +46.3% |
| Deferred charges and accrued income | 490/1 | €6,753 | €9,145 | +€2,392 | +35.4% |
| Total equity and liabilities | 10/49 | €855,298 | €783,080 | -€72,218 | -8.4% |
| Equity | 10/15 | €23,585 | -€162,840 | -€186,425 | |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€926,415 | -€1,112,840 | -€186,425 | -20.1% |
| Amounts payable | 17/49 | €831,713 | €945,919 | +€114,207 | +13.7% |
| Amounts payable after more than one year | 17 | €531,236 | €415,675 | -€115,561 | -21.8% |
| Financial debts | 170/4 | €531,236 | €415,675 | -€115,561 | -21.8% |
| Amounts payable within one year | 42/48 | €299,852 | €528,735 | +€228,883 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €118,859 | €121,561 | +€2,703 | +2.3% |
| Trade debts | 44 | €25,892 | €10,106 | -€15,786 | -61.0% |
| Suppliers | 440/4 | €25,892 | €10,106 | -€15,786 | -61.0% |
| Taxes, remuneration and social security | 45 | €2,869 | €5,668 | +€2,799 | +97.6% |
| Taxes | 450/3 | - | €1 | +€1 | |
| Remuneration and social security | 454/9 | €2,869 | €5,667 | +€2,798 | +97.5% |
| Other amounts payable | 47/48 | €152,232 | €391,400 | +€239,168 | +157% |
| Accrued charges and deferred income | 492/3 | €625 | €1,509 | +€885 | +142% |
| Remuneration, social security and pensions | 62 | €44,093 | €42,678 | -€1,416 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,240 | €84,871 | +€631 | +0.7% |
| Other operating charges | 640/8 | €1,643 | €1,359 | -€285 | -17.3% |
| Gross operating margin | 9900 | -€79,457 | -€40,145 | +€39,312 | +49.5% |
| Operating profit (loss) | 9901 | -€209,434 | -€169,053 | +€40,381 | +19.3% |
| Financial income | 75/76B | €438 | €277 | -€161 | -36.7% |
| Recurring financial income | 75 | €438 | €277 | -€161 | -36.7% |
| Financial charges | 65/66B | €20,437 | €17,649 | -€2,788 | -13.6% |
| Recurring financial charges | 65 | €20,437 | €17,649 | -€2,788 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€229,433 | -€186,425 | +€43,009 | +18.7% |
| Profit (loss) for the period | 9904 | -€229,433 | -€186,425 | +€43,009 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€229,433 | -€186,425 | +€43,009 | +18.7% |
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 25 October 2026 via checked.be.