Flying Home: 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 Home
Largest movements
- Receivables after one year +€3.8m
new in 2025: €3.8m
- Current investments -€3.6m
down €3.6m (-99.1%), from €3.6m to €33,208
- Cash +€414,456
up €414,456 (+101%), from €410,944 to €825,400
mainly Current investments (+€3.6m) and Short-term financial debts (+€756,000)
- Receivables within one year -€83,479
down €83,479 (-62.5%), from €133,649 to €50,170
of which Other amounts receivable: -€60,000
- Short-term financial debts +€756,000
new in 2025: €756,000
- Reserves -€212,457
no longer reported in 2025 (was €212,457)
- Profit (loss) carried forward -€87,522
new in 2025: -€87,522
- Other debts +€77,022
up €77,022 (+170%), from €45,244 to €122,266
- Gross operating margin -€1.5m
down €1.5m (-99.2%), from €1.5m to €11,415
- Other operating charges -€1.4m
down €1.4m (-94.3%), from €1.5m to €85,396
- Financial charges +€230,813
up €230,813 (+1,038%), from €22,230 to €253,043
- Financial income -€152,531
down €152,531 (-83.0%), from €183,755 to €31,224
- Taxes -€16,349
no longer reported in 2025 (was €16,349)
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 | €5,306,214 | €5,829,068 | +€522,854 | +9.9% |
| Fixed assets | 21/28 | €198,861 | €194,682 | -€4,179 | -2.1% |
| Tangible fixed assets | 22/27 | €198,861 | €194,682 | -€4,179 | -2.1% |
| Land and buildings | 22 | €198,861 | €194,682 | -€4,179 | -2.1% |
| Current assets | 29/58 | €5,107,354 | €5,634,386 | +€527,033 | +10.3% |
| Amounts receivable after more than one year | 29 | - | €3,750,500 | +€3.8m | |
| Other amounts receivable | 291 | - | €3,750,500 | +€3.8m | |
| Stocks and contracts in progress | 3 | €944,127 | €944,127 | = | 0.0% |
| Stocks | 30/36 | €944,127 | €944,127 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,649 | €50,170 | -€83,479 | -62.5% |
| Trade receivables | 40 | €25,000 | €1,521 | -€23,479 | -93.9% |
| Other amounts receivable | 41 | €108,649 | €48,649 | -€60,000 | -55.2% |
| Current investments | 50/53 | €3,607,812 | €33,208 | -€3.6m | -99.1% |
| Cash at bank and in hand | 54/58 | €410,944 | €825,400 | +€414,456 | +101% |
| Deferred charges and accrued income | 490/1 | €10,820 | €30,980 | +€20,160 | +186% |
| Total equity and liabilities | 10/49 | €5,306,214 | €5,829,068 | +€522,854 | +9.9% |
| Equity | 10/15 | €5,249,047 | €4,949,068 | -€299,979 | -5.7% |
| Contributions | 10/11 | €5,036,590 | €5,036,590 | = | 0.0% |
| Reserves | 13 | €212,457 | - | -€212,457 | |
| Distributable reserves | 133 | €212,457 | - | -€212,457 | |
| Profit (loss) carried forward | 14 | - | -€87,522 | -€87,522 | |
| Amounts payable | 17/49 | €57,167 | €880,000 | +€822,833 | +1,439% |
| Amounts payable within one year | 42/48 | €48,945 | €879,250 | +€830,306 | +1,696% |
| Financial debts | 43 | - | €756,000 | +€756,000 | |
| Credit institutions | 430/8 | - | €756,000 | +€756,000 | |
| Trade debts | 44 | €3,700 | €984 | -€2,716 | -73.4% |
| Suppliers | 440/4 | €3,700 | €984 | -€2,716 | -73.4% |
| Other amounts payable | 47/48 | €45,244 | €122,266 | +€77,022 | +170% |
| Accrued charges and deferred income | 492/3 | €8,222 | €750 | -€7,472 | -90.9% |
| Non-recurring operating income | 76A | €2,003,495 | - | -€2.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,414 | €4,179 | -€8,235 | -66.3% |
| Other operating charges | 640/8 | €1,503,875 | €85,396 | -€1.4m | -94.3% |
| Gross operating margin | 9900 | €1,515,795 | €11,415 | -€1.5m | -99.2% |
| Operating profit (loss) | 9901 | -€494 | -€78,160 | -€77,666 | -15,716% |
| Financial income | 75/76B | €183,755 | €31,224 | -€152,531 | -83.0% |
| Recurring financial income | 75 | €183,755 | €31,224 | -€152,531 | -83.0% |
| Financial charges | 65/66B | €22,230 | €253,043 | +€230,813 | +1,038% |
| Recurring financial charges | 65 | €22,230 | €253,043 | +€230,813 | +1,038% |
| Profit (loss) for the period before taxes | 9903 | €161,030 | -€299,979 | -€461,010 | |
| Income taxes | 67/77 | €16,349 | - | -€16,349 | |
| Profit (loss) for the period | 9904 | €144,681 | -€299,979 | -€444,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,681 | -€299,979 | -€444,660 |
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 19 October 2026 via checked.be.