Multipurpose Aviation Solutions: 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.
Multipurpose Aviation Solutions
Largest movements
- Receivables within one year +€57,491
up €57,491 (+774%), from €7,423 to €64,913
of which Trade receivables: +€57,051
- Deferred charges and accrued income -€3,222
down €3,222 (-100%), from €3,222 to €0
- Cash -€731
down €731 (-69.8%), from €1,048 to €317
mainly Receivables within one year (-€57,491) and Net result for the year (-€7,408)
- Trade debts +€61,360
up €61,360 (+1,012%), from €6,061 to €67,421
- Profit (loss) carried forward -€7,408
new in 2025: -€7,408
- Gross operating margin -€3,764
down €3,764, from €3,597 to -€168
- Financial income -€602
down €602 (-61.4%), from €981 to €379
- Other operating charges -€519
down €519 (-76.2%), from €681 to €162
- Taxes -€371
down €371 (-59.2%), from €627 to €256
- Financial charges -€38
down €38 (-4.4%), from €853 to €815
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 | €12,406 | €65,587 | +€53,181 | +429% |
| Fixed assets | 21/28 | €713 | €356 | -€356 | -50.0% |
| Tangible fixed assets | 22/27 | €713 | €356 | -€356 | -50.0% |
| Furniture and vehicles | 24 | €713 | €356 | -€356 | -50.0% |
| Current assets | 29/58 | €11,693 | €65,230 | +€53,537 | +458% |
| Amounts receivable within one year | 40/41 | €7,423 | €64,913 | +€57,491 | +774% |
| Trade receivables | 40 | €0 | €57,051 | +€57,051 | |
| Other amounts receivable | 41 | €7,423 | €7,863 | +€440 | +5.9% |
| Cash at bank and in hand | 54/58 | €1,048 | €317 | -€731 | -69.8% |
| Deferred charges and accrued income | 490/1 | €3,222 | €0 | -€3,222 | -100% |
| Total equity and liabilities | 10/49 | €12,406 | €65,587 | +€53,181 | +429% |
| Equity | 10/15 | €5,317 | -€2,091 | -€7,408 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,317 | €2,317 | = | 0.0% |
| Distributable reserves | 133 | €2,317 | €2,317 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,408 | -€7,408 | |
| Amounts payable | 17/49 | €7,088 | €67,677 | +€60,589 | +855% |
| Amounts payable within one year | 42/48 | €6,688 | €67,677 | +€60,989 | +912% |
| Trade debts | 44 | €6,061 | €67,421 | +€61,360 | +1,012% |
| Suppliers | 440/4 | €6,061 | €67,421 | +€61,360 | +1,012% |
| Taxes, remuneration and social security | 45 | €627 | €256 | -€371 | -59.2% |
| Taxes | 450/3 | €627 | €256 | -€371 | -59.2% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €356 | = | 0.0% |
| Other operating charges | 640/8 | €681 | €162 | -€519 | -76.2% |
| Non-recurring operating charges | 66A | - | €6,029 | +€6,029 | |
| Gross operating margin | 9900 | €3,597 | -€168 | -€3,764 | |
| Operating profit (loss) | 9901 | €2,560 | -€6,715 | -€9,275 | |
| Financial income | 75/76B | €981 | €379 | -€602 | -61.4% |
| Recurring financial income | 75 | €981 | €379 | -€602 | -61.4% |
| Financial charges | 65/66B | €853 | €815 | -€38 | -4.4% |
| Recurring financial charges | 65 | €853 | €815 | -€38 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,688 | -€7,152 | -€9,840 | |
| Income taxes | 67/77 | €627 | €256 | -€371 | -59.2% |
| Profit (loss) for the period | 9904 | €2,060 | -€7,408 | -€9,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,060 | -€7,408 | -€9,468 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.