JO-AVIATION: 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.
JO-AVIATION
Largest movements
- Cash -€22,679
down €22,679 (-67.5%), from €33,576 to €10,897
mainly Investment in fixed assets (net) (-€15,270) and Other debts (-€11,698)
- Tangible fixed assets +€8,869
up €8,869 (+57.9%), from €15,331 to €24,200
of which Furniture and vehicles: +€9,201
- Deferred charges and accrued income +€8,000
new in 2025: €8,000
- Receivables within one year +€810
up €810 (+7.4%), from €10,951 to €11,761
of which Other amounts receivable: +€4,782
- Other debts -€11,698
down €11,698 (-26.2%), from €44,590 to €32,892
- Trade debts +€10,291
up €10,291 (+295.3%), from €3,484 to €13,775
- Tax, wage and social debts -€8,738
down €8,738 (-99.5%), from €8,783 to €45
- Profit (loss) carried forward +€5,145
new in 2025: €5,145
- Gross operating margin -€46,399
down €46,399 (-77.4%), from €59,947 to €13,548
- Taxes -€11,725
down €11,725 (-89.8%), from €13,054 to €1,329
- Depreciation +€5,710
up €5,710 (+827.3%), from €690 to €6,401
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 | €59,857 | €54,857 | -€5,000 | -8.4% |
| Fixed assets | 21/28 | €15,331 | €24,200 | +€8,869 | +57.9% |
| Tangible fixed assets | 22/27 | €15,331 | €24,200 | +€8,869 | +57.9% |
| Plant, machinery and equipment | 23 | €1,965 | €1,634 | -€332 | -16.9% |
| Furniture and vehicles | 24 | €13,365 | €22,566 | +€9,201 | +68.8% |
| Current assets | 29/58 | €44,527 | €30,657 | -€13,869 | -31.1% |
| Amounts receivable within one year | 40/41 | €10,951 | €11,761 | +€810 | +7.4% |
| Trade receivables | 40 | €10,945 | €6,972 | -€3,973 | -36.3% |
| Other amounts receivable | 41 | €6 | €4,789 | +€4,782 | +75909.7% |
| Cash at bank and in hand | 54/58 | €33,576 | €10,897 | -€22,679 | -67.5% |
| Deferred charges and accrued income | 490/1 | - | €8,000 | +€8,000 | |
| Total equity and liabilities | 10/49 | €59,857 | €54,857 | -€5,000 | -8.4% |
| Equity | 10/15 | €3,000 | €8,145 | +€5,145 | +171.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,145 | +€5,145 | |
| Amounts payable | 17/49 | €56,857 | €46,712 | -€10,146 | -17.8% |
| Amounts payable within one year | 42/48 | €56,857 | €46,712 | -€10,146 | -17.8% |
| Trade debts | 44 | €3,484 | €13,775 | +€10,291 | +295.3% |
| Suppliers | 440/4 | €3,484 | €13,775 | +€10,291 | +295.3% |
| Taxes, remuneration and social security | 45 | €8,783 | €45 | -€8,738 | -99.5% |
| Taxes | 450/3 | €8,783 | €45 | -€8,738 | -99.5% |
| Other amounts payable | 47/48 | €44,590 | €32,892 | -€11,698 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €6,401 | +€5,710 | +827.3% |
| Other operating charges | 640/8 | €387 | €567 | +€179 | +46.3% |
| Gross operating margin | 9900 | €59,947 | €13,548 | -€46,399 | -77.4% |
| Operating profit (loss) | 9901 | €58,870 | €6,581 | -€52,289 | -88.8% |
| Financial income | 75/76B | €5 | €56 | +€51 | +934.3% |
| Recurring financial income | 75 | €5 | €56 | +€51 | +934.3% |
| Financial charges | 65/66B | €140 | €162 | +€22 | +15.4% |
| Recurring financial charges | 65 | €140 | €162 | +€22 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €58,735 | €6,475 | -€52,260 | -89.0% |
| Income taxes | 67/77 | €13,054 | €1,329 | -€11,725 | -89.8% |
| Profit (loss) for the period | 9904 | €45,680 | €5,145 | -€40,535 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,680 | €5,145 | -€40,535 | -88.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.