Free Flight: 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.
Free Flight
Largest movements
- Tangible fixed assets +€26,663
up €26,663 (+90.5%), from €29,473 to €56,135
of which Land and buildings: +€30,089
- Other debts +€45,998
new in 2025: €45,998
- Reserves -€29,000
down €29,000 (-26.3%), from €110,445 to €81,445
of which Distributable reserves: -€29,000
- Current portion of long-term debt +€6,904
up €6,904 (+231%), from €2,994 to €9,898
- Taxes -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin -€1,611
down €1,611 (-3.9%), from €41,748 to €40,137
- Staff costs +€1,058
up €1,058 (+4.2%), from €24,955 to €26,013
- Depreciation -€565
down €565 (-5.2%), from €10,820 to €10,255
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 | €146,807 | €173,160 | +€26,353 | +18.0% |
| Fixed assets | 21/28 | €50,273 | €76,935 | +€26,663 | +53.0% |
| Tangible fixed assets | 22/27 | €29,473 | €56,135 | +€26,663 | +90.5% |
| Land and buildings | 22 | €18,030 | €48,119 | +€30,089 | +167% |
| Plant, machinery and equipment | 23 | €4,718 | €3,329 | -€1,388 | -29.4% |
| Furniture and vehicles | 24 | €6,725 | €4,687 | -€2,038 | -30.3% |
| Financial fixed assets | 28 | €20,800 | €20,800 | = | 0.0% |
| Current assets | 29/58 | €96,534 | €96,224 | -€310 | -0.3% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,921 | €69,368 | -€553 | -0.8% |
| Trade receivables | 40 | €30,106 | €39,853 | +€9,747 | +32.4% |
| Other amounts receivable | 41 | €39,815 | €29,515 | -€10,300 | -25.9% |
| Cash at bank and in hand | 54/58 | €21,614 | €21,857 | +€243 | +1.1% |
| Total equity and liabilities | 10/49 | €146,807 | €173,160 | +€26,353 | +18.0% |
| Equity | 10/15 | €131,963 | €104,425 | -€27,538 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,445 | €81,445 | -€29,000 | -26.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €108,585 | €79,585 | -€29,000 | -26.7% |
| Profit (loss) carried forward | 14 | €2,918 | €4,380 | +€1,462 | +50.1% |
| Amounts payable | 17/49 | €14,844 | €68,735 | +€53,890 | +363% |
| Amounts payable within one year | 42/48 | €14,844 | €68,735 | +€53,890 | +363% |
| Current portion of amounts payable after more than one year | 42 | €2,994 | €9,898 | +€6,904 | +231% |
| Trade debts | 44 | €6,909 | €7,119 | +€209 | +3.0% |
| Suppliers | 440/4 | €6,909 | €7,119 | +€209 | +3.0% |
| Taxes, remuneration and social security | 45 | €4,941 | €5,719 | +€778 | +15.8% |
| Taxes | 450/3 | €4,941 | €5,719 | +€778 | +15.8% |
| Other amounts payable | 47/48 | - | €45,998 | +€45,998 | |
| Remuneration, social security and pensions | 62 | €24,955 | €26,013 | +€1,058 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,820 | €10,255 | -€565 | -5.2% |
| Other operating charges | 640/8 | €795 | €1,129 | +€334 | +42.0% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €41,748 | €40,137 | -€1,611 | -3.9% |
| Operating profit (loss) | 9901 | €5,178 | €2,341 | -€2,837 | -54.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €585 | €878 | +€293 | +50.1% |
| Recurring financial charges | 65 | €585 | €878 | +€293 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €4,593 | €1,462 | -€3,130 | -68.2% |
| Income taxes | 67/77 | €2,500 | - | -€2,500 | |
| Profit (loss) for the period | 9904 | €2,093 | €1,462 | -€630 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,093 | €1,462 | -€630 | -30.1% |
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.