NETWORK AIRLINE 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.
NETWORK AIRLINE SERVICES
Largest movements
- Receivables within one year -€646,333
down €646,333 (-39.8%), from €1.6m to €979,532
of which Other amounts receivable: -€505,724
- Cash +€434,694
up €434,694 (+33.5%), from €1.3m to €1.7m
mainly Other debts (+€900,000) and Receivables within one year (+€646,333)
- Other debts +€900,000
new in 2025: €900,000
- Profit (loss) carried forward -€704,714
down €704,714 (-91.5%), from €770,248 to €65,535
- Tax, wage and social debts -€284,998
down €284,998 (-60.5%), from €471,053 to €186,055
of which Taxes: -€247,389
- Trade debts -€117,488
down €117,488 (-7.0%), from €1.7m to €1.6m
- Gross operating margin -€154,926
down €154,926 (-7.7%), from €2.0m to €1.9m
- Taxes -€32,553
down €32,553 (-30.6%), from €106,552 to €73,999
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 | €2,948,899 | €2,741,700 | -€207,199 | -7.0% |
| Fixed assets | 21/28 | €17,716 | €8,701 | -€9,015 | -50.9% |
| Tangible fixed assets | 22/27 | €17,716 | €8,701 | -€9,015 | -50.9% |
| Furniture and vehicles | 24 | €17,716 | €8,701 | -€9,015 | -50.9% |
| Current assets | 29/58 | €2,931,183 | €2,732,999 | -€198,184 | -6.8% |
| Amounts receivable within one year | 40/41 | €1,625,865 | €979,532 | -€646,333 | -39.8% |
| Trade receivables | 40 | €1,113,093 | €972,484 | -€140,609 | -12.6% |
| Other amounts receivable | 41 | €512,772 | €7,048 | -€505,724 | -98.6% |
| Cash at bank and in hand | 54/58 | €1,297,874 | €1,732,568 | +€434,694 | +33.5% |
| Deferred charges and accrued income | 490/1 | €7,444 | €20,899 | +€13,455 | +181% |
| Total equity and liabilities | 10/49 | €2,948,899 | €2,741,700 | -€207,199 | -7.0% |
| Equity | 10/15 | €791,148 | €86,435 | -€704,714 | -89.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €770,248 | €65,535 | -€704,714 | -91.5% |
| Amounts payable | 17/49 | €2,157,751 | €2,655,265 | +€497,514 | +23.1% |
| Amounts payable within one year | 42/48 | €2,157,751 | €2,655,265 | +€497,514 | +23.1% |
| Trade debts | 44 | €1,686,698 | €1,569,210 | -€117,488 | -7.0% |
| Suppliers | 440/4 | €1,686,698 | €1,569,210 | -€117,488 | -7.0% |
| Taxes, remuneration and social security | 45 | €471,053 | €186,055 | -€284,998 | -60.5% |
| Taxes | 450/3 | €285,210 | €37,821 | -€247,389 | -86.7% |
| Remuneration and social security | 454/9 | €185,843 | €148,234 | -€37,609 | -20.2% |
| Other amounts payable | 47/48 | - | €900,000 | +€900,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,601,165 | €1,604,154 | +€2,990 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,451 | €9,015 | -€1,436 | -13.7% |
| Other operating charges | 640/8 | €163 | €150 | -€14 | -8.4% |
| Gross operating margin | 9900 | €2,017,187 | €1,862,261 | -€154,926 | -7.7% |
| Operating profit (loss) | 9901 | €405,409 | €248,943 | -€156,466 | -38.6% |
| Financial income | 75/76B | €12,886 | €28,893 | +€16,006 | +124% |
| Recurring financial income | 75 | €12,886 | €28,893 | +€16,006 | +124% |
| Financial charges | 65/66B | €10,564 | €8,550 | -€2,014 | -19.1% |
| Recurring financial charges | 65 | €10,564 | €8,550 | -€2,014 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €407,731 | €269,286 | -€138,446 | -34.0% |
| Income taxes | 67/77 | €106,552 | €73,999 | -€32,553 | -30.6% |
| Profit (loss) for the period | 9904 | €301,179 | €195,286 | -€105,893 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €301,179 | €195,286 | -€105,893 | -35.2% |
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 22 October 2026 via checked.be.