MACKENZIE AIR SERVICES: 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.
MACKENZIE AIR SERVICES
Largest movements
- Tangible fixed assets -€35,854
down €35,854 (-6.7%), from €537,807 to €501,953
- Receivables within one year -€20,137
down €20,137 (-66.1%), from €30,450 to €10,314
of which Trade receivables: -€23,184
- Cash -€14,894
down €14,894 (-4.5%), from €328,275 to €313,381
mainly Net result for the year (-€69,600) and Trade debts (-€968)
- Profit (loss) carried forward -€69,600
down €69,600 (-12.9%), from -€538,102 to -€607,702
- Other operating charges +€10,138
up €10,138 (+853%), from €1,189 to €11,327
- Gross operating margin -€7,424
down €7,424 (-49.8%), from -€14,907 to -€22,330
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 | €896,532 | €825,648 | -€70,884 | -7.9% |
| Fixed assets | 21/28 | €537,807 | €501,953 | -€35,854 | -6.7% |
| Tangible fixed assets | 22/27 | €537,807 | €501,953 | -€35,854 | -6.7% |
| Plant, machinery and equipment | 23 | €537,807 | €501,953 | -€35,854 | -6.7% |
| Current assets | 29/58 | €358,725 | €323,695 | -€35,030 | -9.8% |
| Amounts receivable within one year | 40/41 | €30,450 | €10,314 | -€20,137 | -66.1% |
| Trade receivables | 40 | €30,262 | €7,079 | -€23,184 | -76.6% |
| Other amounts receivable | 41 | €188 | €3,235 | +€3,047 | +1,623% |
| Cash at bank and in hand | 54/58 | €328,275 | €313,381 | -€14,894 | -4.5% |
| Total equity and liabilities | 10/49 | €896,532 | €825,648 | -€70,884 | -7.9% |
| Equity | 10/15 | €563,008 | €493,408 | -€69,600 | -12.4% |
| Contributions | 10/11 | €1,020,000 | €1,020,000 | = | 0.0% |
| Reserves | 13 | €81,110 | €81,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,110 | €0 | -€4,110 | -100% |
| Reserves not available under the articles | 1311 | €4,110 | €0 | -€4,110 | -100% |
| Distributable reserves | 133 | €77,000 | €81,110 | +€4,110 | +5.3% |
| Profit (loss) carried forward | 14 | -€538,102 | -€607,702 | -€69,600 | -12.9% |
| Amounts payable | 17/49 | €333,524 | €332,240 | -€1,284 | -0.4% |
| Amounts payable within one year | 42/48 | €326,482 | €325,515 | -€968 | -0.3% |
| Trade debts | 44 | €968 | €0 | -€968 | -100% |
| Suppliers | 440/4 | €968 | €0 | -€968 | -100% |
| Other amounts payable | 47/48 | €325,515 | €325,515 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,042 | €6,726 | -€316 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,854 | €35,854 | = | 0.0% |
| Other operating charges | 640/8 | €1,189 | €11,327 | +€10,138 | +853% |
| Gross operating margin | 9900 | -€14,907 | -€22,330 | -€7,424 | -49.8% |
| Operating profit (loss) | 9901 | -€51,949 | -€69,511 | -€17,561 | -33.8% |
| Financial charges | 65/66B | €113 | €90 | -€24 | -20.8% |
| Recurring financial charges | 65 | €113 | €90 | -€24 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€52,063 | -€69,600 | -€17,538 | -33.7% |
| Profit (loss) for the period | 9904 | -€52,063 | -€69,600 | -€17,538 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,063 | -€69,600 | -€17,538 | -33.7% |
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 23 October 2026 via checked.be.