Flying Alliance: 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 Alliance
Largest movements
- Receivables within one year -€87,915
down €87,915 (-88.9%), from €98,863 to €10,949
of which Other amounts receivable: -€87,915
- Reserves +€512,256
up €512,256 (+17.6%), from €2.9m to €3.4m
of which Distributable reserves: +€512,256
- Debts after one year -€408,684
down €408,684 (-24.4%), from €1.7m to €1.3m
- Short-term financial debts -€160,000
down €160,000 (-22.2%), from €720,000 to €560,000
- Financial income +€410,053
new in 2025: €410,053
- Turnover -€222,943
down €222,943 (-52.7%), from €422,943 to €200,000
- Services and other goods -€80,285
down €80,285 (-88.0%), from €91,202 to €10,917
- Financial charges -€15,881
down €15,881 (-15.8%), from €100,749 to €84,868
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 | €5,827,209 | €5,765,569 | -€61,640 | -1.1% |
| Fixed assets | 21/28 | €5,695,863 | €5,695,863 | = | 0.0% |
| Financial fixed assets | 28 | €5,695,863 | €5,695,863 | = | 0.0% |
| Affiliated companies | 280/1 | €5,695,863 | €5,695,863 | = | 0.0% |
| Participating interests | 280 | €5,695,863 | €5,695,863 | = | 0.0% |
| Current assets | 29/58 | €131,346 | €69,706 | -€61,640 | -46.9% |
| Amounts receivable within one year | 40/41 | €98,863 | €10,949 | -€87,915 | -88.9% |
| Trade receivables | 40 | €10,392 | €10,392 | = | 0.0% |
| Other amounts receivable | 41 | €88,471 | €556 | -€87,915 | -99.4% |
| Cash at bank and in hand | 54/58 | €32,483 | €58,757 | +€26,275 | +80.9% |
| Total equity and liabilities | 10/49 | €5,827,209 | €5,765,569 | -€61,640 | -1.1% |
| Equity | 10/15 | €3,015,719 | €3,527,974 | +€512,256 | +17.0% |
| Contributions | 10/11 | €98,408 | €98,408 | = | 0.0% |
| Capital | 10 | €98,408 | €98,408 | = | 0.0% |
| Issued capital | 100 | €98,408 | €98,408 | = | 0.0% |
| Reserves | 13 | €2,917,311 | €3,429,566 | +€512,256 | +17.6% |
| Non-distributable reserves | 130/1 | €43,854 | €43,854 | = | 0.0% |
| Legal reserve | 130 | €43,854 | €43,854 | = | 0.0% |
| Distributable reserves | 133 | €2,873,457 | €3,385,713 | +€512,256 | +17.8% |
| Amounts payable | 17/49 | €2,811,490 | €2,237,594 | -€573,896 | -20.4% |
| Amounts payable after more than one year | 17 | €1,671,772 | €1,263,087 | -€408,684 | -24.4% |
| Financial debts | 170/4 | €1,671,772 | €1,263,087 | -€408,684 | -24.4% |
| Credit institutions | 173 | €1,439,731 | €1,028,379 | -€411,352 | -28.6% |
| Other loans | 174 | €232,040 | €234,708 | +€2,668 | +1.1% |
| Amounts payable within one year | 42/48 | €1,139,718 | €974,507 | -€165,212 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €411,352 | €411,352 | = | 0.0% |
| Financial debts | 43 | €720,000 | €560,000 | -€160,000 | -22.2% |
| Credit institutions | 430/8 | €720,000 | €560,000 | -€160,000 | -22.2% |
| Trade debts | 44 | €8,367 | €3,155 | -€5,212 | -62.3% |
| Suppliers | 440/4 | €8,367 | €3,155 | -€5,212 | -62.3% |
| Operating income | 70/76A | €422,943 | €200,000 | -€222,943 | -52.7% |
| Turnover | 70 | €422,943 | €200,000 | -€222,943 | -52.7% |
| Operating charges | 60/66A | €91,362 | €12,929 | -€78,433 | -85.8% |
| Services and other goods | 61 | €91,202 | €10,917 | -€80,285 | -88.0% |
| Other operating charges | 640/8 | €160 | €2,012 | +€1,852 | +1,159% |
| Operating profit (loss) | 9901 | €331,581 | €187,071 | -€144,510 | -43.6% |
| Financial income | 75/76B | - | €410,053 | +€410,053 | |
| Recurring financial income | 75 | - | €410,053 | +€410,053 | |
| Income from financial fixed assets | 750 | - | €410,000 | +€410,000 | |
| Other financial income | 752/9 | - | €53 | +€53 | |
| Financial charges | 65/66B | €100,749 | €84,868 | -€15,881 | -15.8% |
| Recurring financial charges | 65 | €100,749 | €84,868 | -€15,881 | -15.8% |
| Debt charges | 650 | €100,563 | €84,628 | -€15,935 | -15.8% |
| Other financial charges | 652/9 | €186 | €240 | +€54 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €230,832 | €512,256 | +€281,423 | +122% |
| Profit (loss) for the period | 9904 | €230,832 | €512,256 | +€281,423 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €230,832 | €512,256 | +€281,423 | +122% |
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 15 October 2026 via checked.be.