HAIR FORCE ONE: what changed
HAIR FORCE ONE
Largest movements
- Cash -€4,748
down €4,748 (-49.9%), from €9,510 to €4,762
mainly Receivables within one year (-€4,135) and Trade debts (-€2,406)
- Receivables within one year +€4,135
up €4,135 (+84.2%), from €4,913 to €9,048
of which Other amounts receivable: +€4,945
- Intangible fixed assets -€1,008
no longer reported in 2025 (was €1,008)
- Stocks and contracts +€473
up €473 (+25.7%), from €1,838 to €2,311
- Deferred charges and accrued income +€234
up €234 (+25.8%), from €906 to €1,140
- Tax, wage and social debts +€2,775
up €2,775 (+62.5%), from €4,442 to €7,217
of which Taxes: +€2,232
- Trade debts -€2,406
down €2,406 (-57.2%), from €4,206 to €1,799
- Other debts -€2,343
no longer reported in 2025 (was €2,343)
- Profit (loss) carried forward +€1,060
up €1,060 (+10.2%), from -€10,360 to -€9,300
- Gross operating margin -€7,601
down €7,601 (-45.7%), from €16,640 to €9,039
- Staff costs +€1,352
up €1,352 (+276%), from €489 to €1,841
- Financial charges -€529
down €529 (-18.9%), from €2,795 to €2,266
- Taxes +€256
up €256 (+18.5%), from €1,383 to €1,640
- Financial income +€221
up €221 (+283%), from €78 to €300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,301 | €17,386 | -€914 | -5.0% |
| Fixed assets | 21/28 | €1,133 | €125 | -€1,008 | -89.0% |
| Intangible fixed assets | 21 | €1,008 | - | -€1,008 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €17,167 | €17,261 | +€94 | +0.5% |
| Stocks and contracts in progress | 3 | €1,838 | €2,311 | +€473 | +25.7% |
| Stocks | 30/36 | €1,838 | €2,311 | +€473 | +25.7% |
| Amounts receivable within one year | 40/41 | €4,913 | €9,048 | +€4,135 | +84.2% |
| Trade receivables | 40 | €4,913 | €4,104 | -€810 | -16.5% |
| Other amounts receivable | 41 | - | €4,945 | +€4,945 | |
| Cash at bank and in hand | 54/58 | €9,510 | €4,762 | -€4,748 | -49.9% |
| Deferred charges and accrued income | 490/1 | €906 | €1,140 | +€234 | +25.8% |
| Total equity and liabilities | 10/49 | €18,301 | €17,386 | -€914 | -5.0% |
| Equity | 10/15 | €7,310 | €8,370 | +€1,060 | +14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,469 | €11,469 | = | 0.0% |
| Distributable reserves | 133 | €11,469 | €11,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,360 | -€9,300 | +€1,060 | +10.2% |
| Amounts payable | 17/49 | €10,991 | €9,017 | -€1,974 | -18.0% |
| Amounts payable within one year | 42/48 | €10,991 | €9,017 | -€1,974 | -18.0% |
| Trade debts | 44 | €4,206 | €1,799 | -€2,406 | -57.2% |
| Suppliers | 440/4 | €4,206 | €1,799 | -€2,406 | -57.2% |
| Taxes, remuneration and social security | 45 | €4,442 | €7,217 | +€2,775 | +62.5% |
| Taxes | 450/3 | €2,435 | €4,667 | +€2,232 | +91.7% |
| Remuneration and social security | 454/9 | €2,008 | €2,550 | +€542 | +27.0% |
| Other amounts payable | 47/48 | €2,343 | - | -€2,343 | |
| Remuneration, social security and pensions | 62 | €489 | €1,841 | +€1,352 | +276% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €1,008 | -€92 | -8.3% |
| Other operating charges | 640/8 | €1,312 | €1,524 | +€212 | +16.1% |
| Gross operating margin | 9900 | €16,640 | €9,039 | -€7,601 | -45.7% |
| Operating profit (loss) | 9901 | €13,739 | €4,665 | -€9,073 | -66.0% |
| Financial income | 75/76B | €78 | €300 | +€221 | +283% |
| Recurring financial income | 75 | €78 | €300 | +€221 | +283% |
| Financial charges | 65/66B | €2,795 | €2,266 | -€529 | -18.9% |
| Recurring financial charges | 65 | €2,795 | €2,266 | -€529 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €11,022 | €2,699 | -€8,323 | -75.5% |
| Income taxes | 67/77 | €1,383 | €1,640 | +€256 | +18.5% |
| Profit (loss) for the period | 9904 | €9,639 | €1,060 | -€8,579 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,639 | €1,060 | -€8,579 | -89.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.