NEF 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.
NEF Aviation
Largest movements
- Receivables within one year -€2,372
down €2,372 (-77.2%), from €3,074 to €702
- Profit (loss) carried forward -€7,626
down €7,626 (-68.6%), from -€11,108 to -€18,734
- Other debts +€5,735
up €5,735 (+91.1%), from €6,293 to €12,028
- Trade debts -€323
down €323 (-33.4%), from €968 to €645
- Tax, wage and social debts -€187
down €187 (-11.0%), from €1,700 to €1,513
- Gross operating margin +€3,393
up €3,393 (+31.6%), from -€10,746 to -€7,353
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 | €3,444 | €1,043 | -€2,400 | -69.7% |
| Current assets | 29/58 | €3,444 | €1,043 | -€2,400 | -69.7% |
| Amounts receivable within one year | 40/41 | €3,074 | €702 | -€2,372 | -77.2% |
| Other amounts receivable | 41 | €3,074 | €702 | -€2,372 | -77.2% |
| Cash at bank and in hand | 54/58 | €369 | €341 | -€28 | -7.6% |
| Total equity and liabilities | 10/49 | €3,444 | €1,043 | -€2,400 | -69.7% |
| Equity | 10/15 | -€5,517 | -€13,143 | -€7,626 | -138% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,591 | €2,591 | = | 0.0% |
| Distributable reserves | 133 | €2,591 | €2,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,108 | -€18,734 | -€7,626 | -68.6% |
| Amounts payable | 17/49 | €8,961 | €14,186 | +€5,225 | +58.3% |
| Amounts payable within one year | 42/48 | €8,961 | €14,186 | +€5,225 | +58.3% |
| Trade debts | 44 | €968 | €645 | -€323 | -33.4% |
| Suppliers | 440/4 | €968 | €645 | -€323 | -33.4% |
| Taxes, remuneration and social security | 45 | €1,700 | €1,513 | -€187 | -11.0% |
| Taxes | 450/3 | €1,700 | €1,513 | -€187 | -11.0% |
| Other amounts payable | 47/48 | €6,293 | €12,028 | +€5,735 | +91.1% |
| Non-recurring operating income | 76A | - | €2,007 | +€2,007 | |
| Gross operating margin | 9900 | -€10,746 | -€7,353 | +€3,393 | +31.6% |
| Operating profit (loss) | 9901 | -€10,746 | -€7,353 | +€3,393 | +31.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €179 | €90 | -€90 | -50.1% |
| Recurring financial charges | 65 | €179 | €90 | -€90 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,926 | -€7,443 | +€3,483 | +31.9% |
| Income taxes | 67/77 | €183 | €183 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€11,108 | -€7,626 | +€3,483 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,108 | -€7,626 | +€3,483 | +31.4% |
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 20 October 2026 via checked.be.