IMPERIAL 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.
IMPERIAL AVIATION
Largest movements
- Receivables within one year +€10,461
up €10,461 (+4,473%), from €234 to €10,695
- Cash +€8,930
up €8,930 (+234%), from €3,820 to €12,750
mainly Other debts (+€15,055) and Tax, wage and social debts (+€6,471)
- Tangible fixed assets -€5,222
down €5,222 (-35.4%), from €14,746 to €9,524
of which Furniture and vehicles: -€4,551
- Other debts +€15,055
up €15,055 (+26.5%), from €56,821 to €71,876
- Profit (loss) carried forward -€6,692
down €6,692 (-11.1%), from -€60,080 to -€66,771
- Tax, wage and social debts +€6,471
up €6,471 (+701%), from €923 to €7,394
of which Taxes: +€5,271
- Trade debts -€514
down €514 (-20.2%), from €2,538 to €2,025
- Gross operating margin +€26,866
up €26,866 (+97.6%), from -€27,514 to -€649
- Depreciation +€3,966
up €3,966 (+316%), from €1,256 to €5,222
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 | €19,168 | €33,489 | +€14,321 | +74.7% |
| Fixed assets | 21/28 | €14,946 | €9,524 | -€5,422 | -36.3% |
| Tangible fixed assets | 22/27 | €14,746 | €9,524 | -€5,222 | -35.4% |
| Plant, machinery and equipment | 23 | €1,678 | €1,007 | -€671 | -40.0% |
| Furniture and vehicles | 24 | €13,068 | €8,517 | -€4,551 | -34.8% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €4,222 | €23,965 | +€19,743 | +468% |
| Stocks and contracts in progress | 3 | - | €274 | +€274 | |
| Stocks | 30/36 | - | €274 | +€274 | |
| Amounts receivable within one year | 40/41 | €234 | €10,695 | +€10,461 | +4,473% |
| Trade receivables | 40 | €234 | €10,695 | +€10,461 | +4,473% |
| Cash at bank and in hand | 54/58 | €3,820 | €12,750 | +€8,930 | +234% |
| Deferred charges and accrued income | 490/1 | €168 | €246 | +€78 | +46.5% |
| Total equity and liabilities | 10/49 | €19,168 | €33,489 | +€14,321 | +74.7% |
| Equity | 10/15 | -€41,115 | -€47,806 | -€6,692 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365 | €365 | = | 0.0% |
| Distributable reserves | 133 | €365 | €365 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,080 | -€66,771 | -€6,692 | -11.1% |
| Amounts payable | 17/49 | €60,282 | €81,295 | +€21,013 | +34.9% |
| Amounts payable within one year | 42/48 | €60,282 | €81,295 | +€21,013 | +34.9% |
| Trade debts | 44 | €2,538 | €2,025 | -€514 | -20.2% |
| Suppliers | 440/4 | €2,538 | €2,025 | -€514 | -20.2% |
| Taxes, remuneration and social security | 45 | €923 | €7,394 | +€6,471 | +701% |
| Taxes | 450/3 | €923 | €6,194 | +€5,271 | +571% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €56,821 | €71,876 | +€15,055 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,256 | €5,222 | +€3,966 | +316% |
| Other operating charges | 640/8 | €767 | €533 | -€234 | -30.5% |
| Gross operating margin | 9900 | -€27,514 | -€649 | +€26,866 | +97.6% |
| Operating profit (loss) | 9901 | -€29,536 | -€6,404 | +€23,133 | +78.3% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.7% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.7% |
| Financial charges | 65/66B | €142 | €148 | +€6 | +4.2% |
| Recurring financial charges | 65 | €142 | €148 | +€6 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,664 | -€6,552 | +€23,112 | +77.9% |
| Income taxes | 67/77 | €310 | €140 | -€170 | -54.9% |
| Profit (loss) for the period | 9904 | -€29,974 | -€6,692 | +€23,282 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,974 | -€6,692 | +€23,282 | +77.7% |
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 27 October 2026 via checked.be.