Modelairtools: 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.
Modelairtools
Largest movements
- Stocks and contracts +€30,203
up €30,203 (+9.5%), from €316,660 to €346,863
- Tangible fixed assets -€26,818
down €26,818 (-12.8%), from €208,849 to €182,031
of which Furniture and vehicles: -€13,901
- Cash -€6,786
down €6,786 (-6.3%), from €107,555 to €100,769
mainly Stocks and contracts (-€30,203) and Debts after one year (-€9,714)
- Debts after one year -€9,714
down €9,714 (-37.3%), from €26,011 to €16,297
- Gross operating margin +€23,218
up €23,218 (+170.4%), from €13,625 to €36,842
- Depreciation +€2,230
up €2,230 (+8.7%), from €25,620 to €27,850
- Taxes +€962
up €962 (+421.7%), from €228 to €1,190
- Financial charges -€953
down €953 (-27.1%), from €3,518 to €2,565
- Other operating charges +€579
up €579 (+10.0%), from €5,811 to €6,390
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 | €643,490 | €638,300 | -€5,190 | -0.8% |
| Fixed assets | 21/28 | €210,773 | €183,955 | -€26,818 | -12.7% |
| Tangible fixed assets | 22/27 | €208,849 | €182,031 | -€26,818 | -12.8% |
| Land and buildings | 22 | €150,085 | €138,363 | -€11,722 | -7.8% |
| Plant, machinery and equipment | 23 | €2,590 | €1,395 | -€1,195 | -46.2% |
| Furniture and vehicles | 24 | €56,174 | €42,273 | -€13,901 | -24.7% |
| Financial fixed assets | 28 | €1,924 | €1,924 | = | 0.0% |
| Current assets | 29/58 | €432,716 | €454,345 | +€21,628 | +5.0% |
| Stocks and contracts in progress | 3 | €316,660 | €346,863 | +€30,203 | +9.5% |
| Stocks | 30/36 | €316,660 | €346,863 | +€30,203 | +9.5% |
| Amounts receivable within one year | 40/41 | €6,444 | €6,712 | +€269 | +4.2% |
| Trade receivables | 40 | €6,444 | €6,712 | +€269 | +4.2% |
| Cash at bank and in hand | 54/58 | €107,555 | €100,769 | -€6,786 | -6.3% |
| Deferred charges and accrued income | 490/1 | €2,058 | €0 | -€2,058 | -100.0% |
| Total equity and liabilities | 10/49 | €643,490 | €638,300 | -€5,190 | -0.8% |
| Equity | 10/15 | €597,054 | €597,732 | +€678 | +0.1% |
| Contributions | 10/11 | €227,975 | €227,975 | = | 0.0% |
| Reserves | 13 | €369,079 | €369,757 | +€678 | +0.2% |
| Distributable reserves | 133 | €369,079 | €369,757 | +€678 | +0.2% |
| Amounts payable | 17/49 | €46,436 | €40,568 | -€5,867 | -12.6% |
| Amounts payable after more than one year | 17 | €26,011 | €16,297 | -€9,714 | -37.3% |
| Financial debts | 170/4 | €26,011 | €16,297 | -€9,714 | -37.3% |
| Amounts payable within one year | 42/48 | €20,424 | €24,271 | +€3,847 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €10,045 | €9,714 | -€331 | -3.3% |
| Trade debts | 44 | €1,933 | €4,114 | +€2,181 | +112.8% |
| Suppliers | 440/4 | €1,933 | €4,114 | +€2,181 | +112.8% |
| Taxes, remuneration and social security | 45 | €8,447 | €10,443 | +€1,996 | +23.6% |
| Taxes | 450/3 | €8,447 | €10,443 | +€1,996 | +23.6% |
| Non-recurring operating income | 76A | €13 | €0 | -€13 | -100.0% |
| Remuneration, social security and pensions | 62 | €197 | €0 | -€197 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,620 | €27,850 | +€2,230 | +8.7% |
| Other operating charges | 640/8 | €5,811 | €6,390 | +€579 | +10.0% |
| Gross operating margin | 9900 | €13,625 | €36,842 | +€23,218 | +170.4% |
| Operating profit (loss) | 9901 | -€18,003 | €2,602 | +€20,605 | |
| Financial income | 75/76B | €1,289 | €1,830 | +€541 | +42.0% |
| Recurring financial income | 75 | €1,289 | €1,830 | +€541 | +42.0% |
| Financial charges | 65/66B | €3,518 | €2,565 | -€953 | -27.1% |
| Recurring financial charges | 65 | €3,518 | €2,565 | -€953 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,232 | €1,868 | +€22,100 | |
| Income taxes | 67/77 | €228 | €1,190 | +€962 | +421.7% |
| Profit (loss) for the period | 9904 | -€20,460 | €678 | +€21,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,460 | €678 | +€21,138 |
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.