Flying Services: what changed
Two fiscal 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.
What changed
Flying Services
NACE 96.999, Other personal services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €928,917+€403,866
Equity
€3.9m
2024 · €3.0m+€922,783
Cash
€942,544
2024 · €360,157+€582,387
Balance sheet total
€7.7m
2024 · €6.3m+€1.4m
Largest movements
Assets
- Cash +€582,387
up €582,387 (+161.7%), from €360,157 to €942,544
mainly Net result for the year (+€1.3m) and Depreciation (+€251,811)
- Financial fixed assets +€455,095
up €455,095 (+19.0%), from €2.4m to €2.8m
of which Affiliated companies: +€342,226
- Receivables within one year +€301,809
up €301,809 (+9.5%), from €3.2m to €3.5m
of which Other amounts receivable: +€187,105
Equity and liabilities
- Reserves +€922,783
up €922,783 (+30.7%), from €3.0m to €3.9m
- Short-term financial debts +€236,136
up €236,136 (+85.3%), from €276,947 to €513,082
of which Credit institutions: +€386,398
- Other debts -€206,000
no longer reported in 2025 (was €206,000)
- Trade debts +€185,354
up €185,354 (+41.9%), from €442,033 to €627,386
- Tax, wage and social debts +€108,585
up €108,585 (+11.5%), from €946,600 to €1.1m
of which Taxes: +€108,088
Income statement
- Turnover +€1.1m
up €1.1m (+8.9%), from €12.9m to €14.0m
- Staff costs +€442,339
up €442,339 (+4.3%), from €10.2m to €10.7m
- Taxes +€223,724
up €223,724 (+75.2%), from €297,669 to €521,393
- Write-downs +€181,622
up €181,622 (+88.8%), from -€204,568 to -€22,947
- Other operating income +€163,653
up €163,653 (+157.1%), from €104,188 to €267,841
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.
Result 2024
€928,917
Turnover
+€1.1m
Other operating income
+€163,653
Services and other goods
-€157,128
Staff costs
-€442,339
Depreciation
-€92,909
Write-downs
-€181,622
Other operating charges
+€157,329
Other operating items
+€2,284
Financial income
-€19,049
Financial charges
+€50,788
Taxes
-€223,724
Result 2025
€1.3m
Cash bridge derived
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.
From operations
+€1.4m
Investment
-€759,531
Financing
-€16,722
Cash 2024
€360,157
From operations (derived)
+€1.4m
Net result for the year
+€1.3m
Depreciation
+€251,811
Receivables within one year
-€301,809
Deferred charges and accrued income
-€12,085
Trade debts
+€185,354
Tax, wage and social debts
+€108,585
Other debts
-€206,000
Accrued charges and deferred income
+€0
Investment (derived)
-€759,531
Investment in fixed assets (net)
-€759,531
Financing
-€16,722
Debts after one year
+€78,613
Current portion of long-term debt
+€78,530
Short-term financial debts
+€236,136
Contributions, distributions and other
-€410,000
Cash 2025
€942,544
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,337,760 | €7,741,760 | +€1.4m | +22.2% |
| Fixed assets | 21/28 | €2,778,714 | €3,286,433 | +€507,719 | +18.3% |
| Intangible fixed assets | 21 | €376,121 | €418,667 | +€42,546 | +11.3% |
| Tangible fixed assets | 22/27 | €13,532 | €23,610 | +€10,078 | +74.5% |
| Plant, machinery and equipment | 23 | €6,484 | €3,685 | -€2,799 | -43.2% |
| Furniture and vehicles | 24 | €7,048 | €19,925 | +€12,877 | +182.7% |
| Financial fixed assets | 28 | €2,389,061 | €2,844,156 | +€455,095 | +19.0% |
| Affiliated companies | 280/1 | €1,650,735 | €1,992,961 | +€342,226 | +20.7% |
| Participating interests | 280 | €1,341,919 | €1,741,919 | +€400,000 | +29.8% |
| Amounts receivable | 281 | €308,816 | €251,042 | -€57,774 | -18.7% |
| Companies linked by participating interests | 282/3 | €705,875 | €821,715 | +€115,840 | +16.4% |
| Participating interests | 282 | €388,835 | €538,835 | +€150,000 | +38.6% |
| Amounts receivable | 283 | €317,040 | €282,880 | -€34,160 | -10.8% |
| Other financial fixed assets | 284/8 | €32,451 | €29,480 | -€2,971 | -9.2% |
| Amounts receivable and cash guarantees | 285/8 | €32,451 | €29,480 | -€2,971 | -9.2% |
| Current assets | 29/58 | €3,559,047 | €4,455,328 | +€896,281 | +25.2% |
| Amounts receivable within one year | 40/41 | €3,186,752 | €3,488,561 | +€301,809 | +9.5% |
| Trade receivables | 40 | €2,983,166 | €3,097,870 | +€114,704 | +3.8% |
| Other amounts receivable | 41 | €203,586 | €390,691 | +€187,105 | +91.9% |
| Cash at bank and in hand | 54/58 | €360,157 | €942,544 | +€582,387 | +161.7% |
| Deferred charges and accrued income | 490/1 | €12,138 | €24,223 | +€12,085 | +99.6% |
| Total equity and liabilities | 10/49 | €6,337,760 | €7,741,760 | +€1.4m | +22.2% |
| Equity | 10/15 | €3,009,038 | €3,931,822 | +€922,783 | +30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,002,838 | €3,925,622 | +€922,783 | +30.7% |
| Distributable reserves | 133 | €3,002,838 | €3,925,622 | +€922,783 | +30.7% |
| Amounts payable | 17/49 | €3,328,722 | €3,809,939 | +€481,217 | +14.5% |
| Amounts payable after more than one year | 17 | €1,214,286 | €1,292,898 | +€78,613 | +6.5% |
| Financial debts | 170/4 | €1,214,286 | €1,292,898 | +€78,613 | +6.5% |
| Credit institutions | 173 | €1,214,286 | €1,292,898 | +€78,613 | +6.5% |
| Amounts payable within one year | 42/48 | €2,114,436 | €2,517,040 | +€402,604 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €242,857 | €321,387 | +€78,530 | +32.3% |
| Financial debts | 43 | €276,947 | €513,082 | +€236,136 | +85.3% |
| Credit institutions | 430/8 | €126,684 | €513,082 | +€386,398 | +305.0% |
| Other loans | 439 | €150,263 | - | -€150,263 | |
| Trade debts | 44 | €442,033 | €627,386 | +€185,354 | +41.9% |
| Suppliers | 440/4 | €442,033 | €627,386 | +€185,354 | +41.9% |
| Taxes, remuneration and social security | 45 | €946,600 | €1,055,185 | +€108,585 | +11.5% |
| Taxes | 450/3 | €380,737 | €488,825 | +€108,088 | +28.4% |
| Remuneration and social security | 454/9 | €565,863 | €566,360 | +€497 | +0.1% |
| Other amounts payable | 47/48 | €206,000 | - | -€206,000 | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Operating income | 70/76A | €12,965,469 | €14,275,705 | +€1.3m | +10.1% |
| Turnover | 70 | €12,861,281 | €14,007,865 | +€1.1m | +8.9% |
| Other operating income | 74 | €104,188 | €267,841 | +€163,653 | +157.1% |
| Operating charges | 60/66A | €11,611,685 | €12,326,070 | +€714,385 | +6.2% |
| Services and other goods | 61 | €1,215,861 | €1,372,989 | +€157,128 | +12.9% |
| Remuneration, social security and pensions | 62 | €10,212,038 | €10,654,376 | +€442,339 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,902 | €251,811 | +€92,909 | +58.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€204,568 | -€22,947 | +€181,622 | +88.8% |
| Other operating charges | 640/8 | €227,169 | €69,840 | -€157,329 | -69.3% |
| Non-recurring operating charges | 66A | €2,284 | - | -€2,284 | |
| Operating profit (loss) | 9901 | €1,353,785 | €1,949,635 | +€595,851 | +44.0% |
| Financial income | 75/76B | €30,435 | €11,386 | -€19,049 | -62.6% |
| Recurring financial income | 75 | €30,435 | €11,386 | -€19,049 | -62.6% |
| Income from financial fixed assets | 750 | €1,295 | €2,363 | +€1,068 | +82.5% |
| Income from current assets | 751 | €7,516 | €8,059 | +€544 | +7.2% |
| Other financial income | 752/9 | €21,624 | €964 | -€20,660 | -95.5% |
| Financial charges | 65/66B | €157,633 | €106,845 | -€50,788 | -32.2% |
| Recurring financial charges | 65 | €119,131 | €106,845 | -€12,286 | -10.3% |
| Debt charges | 650 | €107,463 | €101,139 | -€6,324 | -5.9% |
| Other financial charges | 652/9 | €11,668 | €5,706 | -€5,962 | -51.1% |
| Non-recurring financial charges | 66B | €38,501 | - | -€38,501 | |
| Profit (loss) for the period before taxes | 9903 | €1,226,587 | €1,854,177 | +€627,590 | +51.2% |
| Income taxes | 67/77 | €297,669 | €521,393 | +€223,724 | +75.2% |
| Taxes | 670/3 | €297,669 | €521,393 | +€223,724 | +75.2% |
| Profit (loss) for the period | 9904 | €928,917 | €1,332,783 | +€403,866 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €928,917 | €1,332,783 | +€403,866 | +43.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.