Global Air Solutions: 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.
Global Air Solutions
Largest movements
- Receivables within one year +€56,430
up €56,430 (+137%), from €41,207 to €97,637
of which Trade receivables: +€59,870
- Current portion of long-term debt -€195,107
down €195,107 (-66.5%), from €293,313 to €98,206
- Profit (loss) carried forward +€124,271
up €124,271, from -€25,876 to €98,395
- Debts after one year -€98,805
down €98,805 (-8.3%), from €1.2m to €1.1m
- Other debts +€94,477
up €94,477 (+25.8%), from €365,868 to €460,345
- Trade debts +€66,717
up €66,717 (+284%), from €23,510 to €90,227
- Gross operating margin +€263,208
up €263,208 (+1,137%), from €23,159 to €286,367
- Staff costs +€65,132
new in 2025: €65,132
- Financial charges +€20,695
up €20,695 (+49.8%), from €41,526 to €62,220
- Taxes +€18,534
new in 2025: €18,534
- Depreciation +€4,876
up €4,876 (+52.1%), from €9,358 to €14,234
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 | €1,873,939 | €1,910,532 | +€36,593 | +2.0% |
| Fixed assets | 21/28 | €1,823,804 | €1,809,570 | -€14,234 | -0.8% |
| Tangible fixed assets | 22/27 | €273,804 | €259,570 | -€14,234 | -5.2% |
| Land and buildings | 22 | €272,476 | €258,392 | -€14,084 | -5.2% |
| Plant, machinery and equipment | 23 | €1,328 | €1,178 | -€150 | -11.3% |
| Financial fixed assets | 28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Current assets | 29/58 | €50,135 | €100,962 | +€50,827 | +101% |
| Amounts receivable within one year | 40/41 | €41,207 | €97,637 | +€56,430 | +137% |
| Trade receivables | 40 | €36,301 | €96,171 | +€59,870 | +165% |
| Other amounts receivable | 41 | €4,906 | €1,466 | -€3,440 | -70.1% |
| Cash at bank and in hand | 54/58 | €8,928 | €3,066 | -€5,861 | -65.7% |
| Deferred charges and accrued income | 490/1 | - | €258 | +€258 | |
| Total equity and liabilities | 10/49 | €1,873,939 | €1,910,532 | +€36,593 | +2.0% |
| Equity | 10/15 | -€5,876 | €118,395 | +€124,271 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,876 | €98,395 | +€124,271 | |
| Amounts payable | 17/49 | €1,879,815 | €1,792,137 | -€87,678 | -4.7% |
| Amounts payable after more than one year | 17 | €1,188,187 | €1,089,382 | -€98,805 | -8.3% |
| Financial debts | 170/4 | €1,188,187 | €1,089,382 | -€98,805 | -8.3% |
| Amounts payable within one year | 42/48 | €691,628 | €702,755 | +€11,127 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €293,313 | €98,206 | -€195,107 | -66.5% |
| Trade debts | 44 | €23,510 | €90,227 | +€66,717 | +284% |
| Suppliers | 440/4 | €23,510 | €90,227 | +€66,717 | +284% |
| Taxes, remuneration and social security | 45 | €8,936 | €53,976 | +€45,040 | +504% |
| Taxes | 450/3 | €8,936 | €53,976 | +€45,040 | +504% |
| Other amounts payable | 47/48 | €365,868 | €460,345 | +€94,477 | +25.8% |
| Remuneration, social security and pensions | 62 | - | €65,132 | +€65,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,358 | €14,234 | +€4,876 | +52.1% |
| Other operating charges | 640/8 | - | €1,976 | +€1,976 | |
| Gross operating margin | 9900 | €23,159 | €286,367 | +€263,208 | +1,137% |
| Operating profit (loss) | 9901 | €13,801 | €205,025 | +€191,224 | +1,386% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €41,526 | €62,220 | +€20,695 | +49.8% |
| Recurring financial charges | 65 | €41,526 | €62,220 | +€20,695 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,725 | €142,805 | +€170,530 | |
| Income taxes | 67/77 | - | €18,534 | +€18,534 | |
| Profit (loss) for the period | 9904 | -€27,725 | €124,271 | +€151,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,725 | €124,271 | +€151,995 |
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.