G.B. AVIATION: 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.
G.B. AVIATION
Largest movements
- Tangible fixed assets -€48,889
down €48,889 (-10.8%), from €453,531 to €404,642
of which Land and buildings: -€32,613
- Deferred charges and accrued income -€5,141
down €5,141 (-72.7%), from €7,071 to €1,930
- Other debts -€64,639
down €64,639 (-14.2%), from €453,813 to €389,173
- Depreciation +€20,600
up €20,600 (+54.6%), from €37,761 to €58,360
- Gross operating margin -€10,314
down €10,314 (-12.6%), from €82,012 to €71,699
- Taxes -€7,490
down €7,490 (-72.2%), from €10,371 to €2,881
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 | €486,442 | €432,340 | -€54,103 | -11.1% |
| Fixed assets | 21/28 | €453,675 | €404,786 | -€48,889 | -10.8% |
| Tangible fixed assets | 22/27 | €453,531 | €404,642 | -€48,889 | -10.8% |
| Land and buildings | 22 | €381,713 | €349,100 | -€32,613 | -8.5% |
| Plant, machinery and equipment | 23 | €39,350 | €32,541 | -€6,809 | -17.3% |
| Furniture and vehicles | 24 | €32,468 | €23,000 | -€9,467 | -29.2% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €32,768 | €27,554 | -€5,213 | -15.9% |
| Amounts receivable within one year | 40/41 | €12,691 | €12,120 | -€571 | -4.5% |
| Trade receivables | 40 | €12,657 | €12,087 | -€569 | -4.5% |
| Other amounts receivable | 41 | €34 | €32 | -€2 | -6.0% |
| Cash at bank and in hand | 54/58 | €13,005 | €13,504 | +€499 | +3.8% |
| Deferred charges and accrued income | 490/1 | €7,071 | €1,930 | -€5,141 | -72.7% |
| Total equity and liabilities | 10/49 | €486,442 | €432,340 | -€54,103 | -11.1% |
| Equity | 10/15 | €16,024 | €23,336 | +€7,313 | +45.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €4,744 | +€2,885 | +155% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €4,744 | +€2,885 | +155% |
| Profit (loss) carried forward | 14 | -€4,428 | €0 | +€4,428 | |
| Amounts payable | 17/49 | €470,419 | €409,003 | -€61,415 | -13.1% |
| Amounts payable within one year | 42/48 | €470,329 | €407,866 | -€62,462 | -13.3% |
| Trade debts | 44 | €1,009 | €375 | -€634 | -62.9% |
| Suppliers | 440/4 | €1,009 | €375 | -€634 | -62.9% |
| Taxes, remuneration and social security | 45 | €15,507 | €18,319 | +€2,811 | +18.1% |
| Taxes | 450/3 | €15,507 | €18,319 | +€2,811 | +18.1% |
| Other amounts payable | 47/48 | €453,813 | €389,173 | -€64,639 | -14.2% |
| Accrued charges and deferred income | 492/3 | €90 | €1,137 | +€1,047 | +1,164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,761 | €58,360 | +€20,600 | +54.6% |
| Other operating charges | 640/8 | €3,361 | €2,883 | -€478 | -14.2% |
| Gross operating margin | 9900 | €82,012 | €71,699 | -€10,314 | -12.6% |
| Operating profit (loss) | 9901 | €40,891 | €10,456 | -€30,435 | -74.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €236 | €262 | +€26 | +11.0% |
| Recurring financial charges | 65 | €236 | €262 | +€26 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €40,655 | €10,193 | -€30,461 | -74.9% |
| Income taxes | 67/77 | €10,371 | €2,881 | -€7,490 | -72.2% |
| Profit (loss) for the period | 9904 | €30,284 | €7,313 | -€22,971 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,284 | €7,313 | -€22,971 | -75.9% |
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 21 October 2026 via checked.be.