HawksFlight: 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.
HawksFlight
Largest movements
- Receivables within one year +€7,478
up €7,478 (+39.7%), from €18,846 to €26,325
of which Trade receivables: +€4,752
- Cash -€4,929
down €4,929 (-35.9%), from €13,735 to €8,806
mainly Receivables within one year (-€7,478) and Investment in fixed assets (net) (-€5,301)
- Deferred charges and accrued income -€2,835
down €2,835 (-30.9%), from €9,176 to €6,341
- Tangible fixed assets -€1,418
down €1,418 (-6.0%), from €23,820 to €22,402
of which Furniture and vehicles: -€3,724
- Debts after one year -€4,753
down €4,753 (-23.7%), from €20,019 to €15,267
- Tax, wage and social debts +€3,885
up €3,885 (+55.5%), from €7,005 to €10,890
of which Taxes: +€2,347
- Other debts -€3,625
no longer reported in 2025 (was €3,625)
- Profit (loss) carried forward +€2,758
up €2,758 (+35.1%), from €7,864 to €10,621
- Gross operating margin +€7,231
up €7,231 (+45.1%), from €16,026 to €23,258
- Other operating charges +€4,630
up €4,630 (+736.5%), from €629 to €5,259
- Depreciation +€2,440
up €2,440 (+60.0%), from €4,069 to €6,509
- Staff costs +€2,195
new in 2025: €2,195
- Financial charges +€1,561
up €1,561 (+183.7%), from €850 to €2,411
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 | €65,578 | €64,084 | -€1,494 | -2.3% |
| Fixed assets | 21/28 | €23,820 | €22,612 | -€1,208 | -5.1% |
| Tangible fixed assets | 22/27 | €23,820 | €22,402 | -€1,418 | -6.0% |
| Plant, machinery and equipment | 23 | €1,217 | €842 | -€375 | -30.8% |
| Furniture and vehicles | 24 | €18,674 | €14,950 | -€3,724 | -19.9% |
| Other tangible fixed assets | 26 | €3,930 | €6,610 | +€2,680 | +68.2% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €41,757 | €41,472 | -€285 | -0.7% |
| Amounts receivable within one year | 40/41 | €18,846 | €26,325 | +€7,478 | +39.7% |
| Trade receivables | 40 | €1,814 | €6,566 | +€4,752 | +261.9% |
| Other amounts receivable | 41 | €17,032 | €19,759 | +€2,727 | +16.0% |
| Cash at bank and in hand | 54/58 | €13,735 | €8,806 | -€4,929 | -35.9% |
| Deferred charges and accrued income | 490/1 | €9,176 | €6,341 | -€2,835 | -30.9% |
| Total equity and liabilities | 10/49 | €65,578 | €64,084 | -€1,494 | -2.3% |
| Equity | 10/15 | €10,864 | €13,621 | +€2,758 | +25.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,864 | €10,621 | +€2,758 | +35.1% |
| Amounts payable | 17/49 | €54,714 | €50,462 | -€4,252 | -7.8% |
| Amounts payable after more than one year | 17 | €20,019 | €15,267 | -€4,753 | -23.7% |
| Financial debts | 170/4 | €20,019 | €15,267 | -€4,753 | -23.7% |
| Amounts payable within one year | 42/48 | €34,695 | €35,196 | +€501 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €4,753 | €4,753 | = | 0.0% |
| Trade debts | 44 | €19,312 | €19,553 | +€241 | +1.2% |
| Suppliers | 440/4 | €19,312 | €19,553 | +€241 | +1.2% |
| Taxes, remuneration and social security | 45 | €7,005 | €10,890 | +€3,885 | +55.5% |
| Taxes | 450/3 | €7,005 | €9,352 | +€2,347 | +33.5% |
| Remuneration and social security | 454/9 | - | €1,538 | +€1,538 | |
| Other amounts payable | 47/48 | €3,625 | - | -€3,625 | |
| Remuneration, social security and pensions | 62 | - | €2,195 | +€2,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,069 | €6,509 | +€2,440 | +60.0% |
| Other operating charges | 640/8 | €629 | €5,259 | +€4,630 | +736.5% |
| Gross operating margin | 9900 | €16,026 | €23,258 | +€7,231 | +45.1% |
| Operating profit (loss) | 9901 | €11,328 | €9,294 | -€2,034 | -18.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €850 | €2,411 | +€1,561 | +183.7% |
| Recurring financial charges | 65 | €850 | €2,411 | +€1,561 | +183.7% |
| Profit (loss) for the period before taxes | 9903 | €10,479 | €6,883 | -€3,595 | -34.3% |
| Income taxes | 67/77 | €2,615 | €4,126 | +€1,511 | +57.8% |
| Profit (loss) for the period | 9904 | €7,864 | €2,758 | -€5,106 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,864 | €2,758 | -€5,106 | -64.9% |
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 11 October 2026 via checked.be.