GETFLIGHTS: 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.
GETFLIGHTS
Largest movements
- Tangible fixed assets +€359,002
up €359,002 (+5425.9%), from €6,616 to €365,618
of which Other tangible fixed assets: +€362,279
- Cash -€312,096
down €312,096 (-27.8%), from €1.1m to €811,696
mainly Investment in fixed assets (net) (-€379,714) and Current investments (-€280,000)
- Current investments +€280,000
up €280,000 (+56.0%), from €500,000 to €780,000
- Receivables within one year +€229,567
up €229,567 (+31.0%), from €741,427 to €970,994
of which Trade receivables: +€246,801
- Deferred charges and accrued income +€40,411
up €40,411 (+304.2%), from €13,284 to €53,695
- Reserves +€457,796
up €457,796 (+77.6%), from €589,624 to €1.0m
- Advances received +€306,418
up €306,418 (+20.9%), from €1.5m to €1.8m
- Trade debts -€100,412
down €100,412 (-16.7%), from €602,881 to €502,469
- Other debts -€95,242
down €95,242 (-95.3%), from €99,902 to €4,660
- Gross operating margin +€404,643
up €404,643 (+35.2%), from €1.1m to €1.6m
- Staff costs +€91,018
up €91,018 (+15.4%), from €590,957 to €681,975
- Financial income +€42,815
up €42,815 (+195.7%), from €21,876 to €64,691
- Taxes +€39,170
up €39,170 (+21.4%), from €182,797 to €221,967
- Depreciation +€16,565
up €16,565 (+218.0%), from €7,597 to €24,162
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,994,773 | €3,574,204 | +€579,431 | +19.3% |
| Fixed assets | 21/28 | €27,270 | €382,822 | +€355,552 | +1303.8% |
| Intangible fixed assets | 21 | €8,628 | €4,308 | -€4,320 | -50.1% |
| Tangible fixed assets | 22/27 | €6,616 | €365,618 | +€359,002 | +5425.9% |
| Plant, machinery and equipment | 23 | €3,581 | €2,704 | -€877 | -24.5% |
| Furniture and vehicles | 24 | €3,036 | €636 | -€2,400 | -79.1% |
| Other tangible fixed assets | 26 | - | €362,279 | +€362,279 | |
| Financial fixed assets | 28 | €12,025 | €12,895 | +€870 | +7.2% |
| Current assets | 29/58 | €2,967,504 | €3,191,383 | +€223,879 | +7.5% |
| Amounts receivable after more than one year | 29 | €589,000 | €574,998 | -€14,003 | -2.4% |
| Other amounts receivable | 291 | €589,000 | €574,998 | -€14,003 | -2.4% |
| Amounts receivable within one year | 40/41 | €741,427 | €970,994 | +€229,567 | +31.0% |
| Trade receivables | 40 | €677,130 | €923,932 | +€246,801 | +36.4% |
| Other amounts receivable | 41 | €64,297 | €47,062 | -€17,234 | -26.8% |
| Current investments | 50/53 | €500,000 | €780,000 | +€280,000 | +56.0% |
| Cash at bank and in hand | 54/58 | €1,123,793 | €811,696 | -€312,096 | -27.8% |
| Deferred charges and accrued income | 490/1 | €13,284 | €53,695 | +€40,411 | +304.2% |
| Total equity and liabilities | 10/49 | €2,994,773 | €3,574,204 | +€579,431 | +19.3% |
| Equity | 10/15 | €709,624 | €1,167,420 | +€457,796 | +64.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €589,624 | €1,047,420 | +€457,796 | +77.6% |
| Distributable reserves | 133 | €589,624 | €1,047,420 | +€457,796 | +77.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,285,149 | €2,406,784 | +€121,635 | +5.3% |
| Amounts payable within one year | 42/48 | €2,283,520 | €2,404,684 | +€121,164 | +5.3% |
| Trade debts | 44 | €602,881 | €502,469 | -€100,412 | -16.7% |
| Suppliers | 440/4 | €602,881 | €502,469 | -€100,412 | -16.7% |
| Advances received on contracts in progress | 46 | €1,465,717 | €1,772,134 | +€306,418 | +20.9% |
| Taxes, remuneration and social security | 45 | €115,020 | €125,420 | +€10,400 | +9.0% |
| Taxes | 450/3 | €41,808 | €3,989 | -€37,819 | -90.5% |
| Remuneration and social security | 454/9 | €73,212 | €121,431 | +€48,219 | +65.9% |
| Other amounts payable | 47/48 | €99,902 | €4,660 | -€95,242 | -95.3% |
| Accrued charges and deferred income | 492/3 | €1,630 | €2,101 | +€471 | +28.9% |
| Remuneration, social security and pensions | 62 | €590,957 | €681,975 | +€91,018 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,597 | €24,162 | +€16,565 | +218.0% |
| Other operating charges | 640/8 | €5,983 | €3,487 | -€2,497 | -41.7% |
| Gross operating margin | 9900 | €1,148,854 | €1,553,497 | +€404,643 | +35.2% |
| Operating profit (loss) | 9901 | €544,317 | €843,874 | +€299,557 | +55.0% |
| Financial income | 75/76B | €21,876 | €64,691 | +€42,815 | +195.7% |
| Recurring financial income | 75 | €21,876 | €64,691 | +€42,815 | +195.7% |
| Financial charges | 65/66B | €9,363 | €13,210 | +€3,847 | +41.1% |
| Recurring financial charges | 65 | €9,363 | €13,210 | +€3,847 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €556,830 | €895,354 | +€338,525 | +60.8% |
| Income taxes | 67/77 | €182,797 | €221,967 | +€39,170 | +21.4% |
| Profit (loss) for the period | 9904 | €374,033 | €673,387 | +€299,355 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €374,033 | €673,387 | +€299,355 | +80.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.