FLYING ACES SERVICES & TRAINING: 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.
FLYING ACES SERVICES & TRAINING
Largest movements
- Cash +€350,654
up €350,654 (+112%), from €313,060 to €663,714
mainly Net result for the year (+€217,063) and Receivables within one year (+€184,546)
- Receivables within one year -€184,546
down €184,546 (-50.5%), from €365,267 to €180,721
of which Trade receivables: -€266,546
- Tangible fixed assets -€52,424
down €52,424 (-10.7%), from €490,524 to €438,101
of which Land and buildings: -€30,477
- Reserves +€217,000
up €217,000 (+20.5%), from €1.1m to €1.3m
- Debts after one year -€63,203
down €63,203 (-12.2%), from €516,071 to €452,868
- Trade debts +€35,463
up €35,463 (+65.6%), from €54,100 to €89,563
- Tax, wage and social debts -€31,637
down €31,637 (-31.7%), from €99,928 to €68,291
of which Taxes: -€22,503
- Gross operating margin -€64,894
down €64,894 (-9.9%), from €655,819 to €590,925
- Financial charges -€21,008
down €21,008 (-44.7%), from €46,994 to €25,986
- Depreciation -€18,249
down €18,249 (-20.3%), from €90,004 to €71,755
- Staff costs -€10,749
down €10,749 (-6.0%), from €180,587 to €169,838
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 | €1,867,078 | €1,994,345 | +€127,267 | +6.8% |
| Fixed assets | 21/28 | €493,024 | €440,601 | -€52,424 | -10.6% |
| Tangible fixed assets | 22/27 | €490,524 | €438,101 | -€52,424 | -10.7% |
| Land and buildings | 22 | €409,527 | €379,050 | -€30,477 | -7.4% |
| Plant, machinery and equipment | 23 | €35,053 | €34,891 | -€163 | -0.5% |
| Furniture and vehicles | 24 | €35,694 | €13,646 | -€22,048 | -61.8% |
| Other tangible fixed assets | 26 | €10,250 | €10,514 | +€264 | +2.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,374,054 | €1,553,744 | +€179,690 | +13.1% |
| Stocks and contracts in progress | 3 | €477,189 | €486,601 | +€9,412 | +2.0% |
| Stocks | 30/36 | €477,189 | €486,601 | +€9,412 | +2.0% |
| Amounts receivable within one year | 40/41 | €365,267 | €180,721 | -€184,546 | -50.5% |
| Trade receivables | 40 | €363,172 | €96,625 | -€266,546 | -73.4% |
| Other amounts receivable | 41 | €2,096 | €84,096 | +€82,000 | +3,913% |
| Current investments | 50/53 | €215,860 | €215,860 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €313,060 | €663,714 | +€350,654 | +112% |
| Deferred charges and accrued income | 490/1 | €2,677 | €6,847 | +€4,170 | +156% |
| Total equity and liabilities | 10/49 | €1,867,078 | €1,994,345 | +€127,267 | +6.8% |
| Equity | 10/15 | €1,083,964 | €1,301,026 | +€217,063 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,057,530 | €1,274,530 | +€217,000 | +20.5% |
| Distributable reserves | 133 | €1,057,530 | €1,274,530 | +€217,000 | +20.5% |
| Profit (loss) carried forward | 14 | €7,834 | €7,896 | +€63 | +0.8% |
| Amounts payable | 17/49 | €783,114 | €693,318 | -€89,796 | -11.5% |
| Amounts payable after more than one year | 17 | €516,071 | €452,868 | -€63,203 | -12.2% |
| Financial debts | 170/4 | €516,071 | €452,868 | -€63,203 | -12.2% |
| Amounts payable within one year | 42/48 | €236,174 | €224,521 | -€11,653 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €70,539 | €63,203 | -€7,336 | -10.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €54,100 | €89,563 | +€35,463 | +65.6% |
| Suppliers | 440/4 | €54,100 | €89,563 | +€35,463 | +65.6% |
| Taxes, remuneration and social security | 45 | €99,928 | €68,291 | -€31,637 | -31.7% |
| Taxes | 450/3 | €64,388 | €41,885 | -€22,503 | -34.9% |
| Remuneration and social security | 454/9 | €35,540 | €26,406 | -€9,134 | -25.7% |
| Other amounts payable | 47/48 | €11,606 | €3,463 | -€8,143 | -70.2% |
| Accrued charges and deferred income | 492/3 | €30,870 | €15,930 | -€14,940 | -48.4% |
| Remuneration, social security and pensions | 62 | €180,587 | €169,838 | -€10,749 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,004 | €71,755 | -€18,249 | -20.3% |
| Other operating charges | 640/8 | €11,048 | €11,088 | +€40 | +0.4% |
| Non-recurring operating charges | 66A | €365 | €0 | -€365 | -100% |
| Gross operating margin | 9900 | €655,819 | €590,925 | -€64,894 | -9.9% |
| Operating profit (loss) | 9901 | €373,814 | €338,244 | -€35,571 | -9.5% |
| Financial income | 75/76B | €301 | €5,695 | +€5,394 | +1,791% |
| Recurring financial income | 75 | €301 | €5,695 | +€5,394 | +1,791% |
| Financial charges | 65/66B | €46,994 | €25,986 | -€21,008 | -44.7% |
| Recurring financial charges | 65 | €46,994 | €25,986 | -€21,008 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €327,122 | €317,953 | -€9,168 | -2.8% |
| Income taxes | 67/77 | €102,394 | €100,891 | -€1,503 | -1.5% |
| Profit (loss) for the period | 9904 | €224,728 | €217,063 | -€7,665 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €224,728 | €217,063 | -€7,665 | -3.4% |
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 26 October 2026 via checked.be.