Not-Air: 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.
Not-Air
Largest movements
- Cash -€149,087
down €149,087 (-8.5%), from €1.8m to €1.6m
mainly Contributions, distributions and other (-€264,661) and Debts after one year (-€17,500)
- Receivables within one year -€77,856
down €77,856 (-57.3%), from €135,771 to €57,914
- Tangible fixed assets -€52,154
down €52,154 (-8.3%), from €625,409 to €573,256
of which Land and buildings: -€28,982
- Reserves -€257,003
down €257,003 (-11.7%), from €2.2m to €1.9m
- Other operating charges -€9,974
down €9,974 (-69.0%), from €14,450 to €4,476
- Gross operating margin -€7,401
down €7,401 (-8.9%), from €83,272 to €75,872
- Financial income -€1,558
down €1,558 (-89.5%), from €1,742 to €183
- Depreciation -€1,173
down €1,173 (-2.2%), from €53,327 to €52,154
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 | €2,529,239 | €2,249,829 | -€279,410 | -11.0% |
| Fixed assets | 21/28 | €625,409 | €573,256 | -€52,154 | -8.3% |
| Tangible fixed assets | 22/27 | €625,409 | €573,256 | -€52,154 | -8.3% |
| Land and buildings | 22 | €543,032 | €514,050 | -€28,982 | -5.3% |
| Furniture and vehicles | 24 | €82,378 | €59,206 | -€23,172 | -28.1% |
| Current assets | 29/58 | €1,903,829 | €1,676,573 | -€227,256 | -11.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €135,771 | €57,914 | -€77,856 | -57.3% |
| Other amounts receivable | 41 | €135,771 | €57,914 | -€77,856 | -57.3% |
| Cash at bank and in hand | 54/58 | €1,764,281 | €1,615,194 | -€149,087 | -8.5% |
| Deferred charges and accrued income | 490/1 | €3,778 | €3,465 | -€313 | -8.3% |
| Total equity and liabilities | 10/49 | €2,529,239 | €2,249,829 | -€279,410 | -11.0% |
| Equity | 10/15 | €2,245,000 | €1,987,997 | -€257,003 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,188,870 | €1,931,867 | -€257,003 | -11.7% |
| Distributable reserves | 133 | €2,188,870 | €1,931,867 | -€257,003 | -11.7% |
| Profit (loss) carried forward | 14 | €37,530 | €37,530 | = | 0.0% |
| Amounts payable | 17/49 | €284,239 | €261,832 | -€22,407 | -7.9% |
| Amounts payable after more than one year | 17 | €245,000 | €227,500 | -€17,500 | -7.1% |
| Financial debts | 170/4 | €245,000 | €227,500 | -€17,500 | -7.1% |
| Amounts payable within one year | 42/48 | €39,239 | €34,331 | -€4,907 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €1,313 | €126 | -€1,187 | -90.4% |
| Suppliers | 440/4 | €1,313 | €126 | -€1,187 | -90.4% |
| Taxes, remuneration and social security | 45 | €15,818 | €14,098 | -€1,720 | -10.9% |
| Taxes | 450/3 | €15,818 | €14,098 | -€1,720 | -10.9% |
| Other amounts payable | 47/48 | €4,608 | €2,608 | -€2,000 | -43.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,327 | €52,154 | -€1,173 | -2.2% |
| Other operating charges | 640/8 | €14,450 | €4,476 | -€9,974 | -69.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €83,272 | €75,872 | -€7,401 | -8.9% |
| Operating profit (loss) | 9901 | €15,495 | €19,242 | +€3,747 | +24.2% |
| Financial income | 75/76B | €1,742 | €183 | -€1,558 | -89.5% |
| Recurring financial income | 75 | €1,742 | €183 | -€1,558 | -89.5% |
| Financial charges | 65/66B | €2,638 | €2,249 | -€389 | -14.7% |
| Recurring financial charges | 65 | €2,638 | €2,249 | -€389 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €14,599 | €17,177 | +€2,577 | +17.7% |
| Income taxes | 67/77 | €8,960 | €9,518 | +€558 | +6.2% |
| Profit (loss) for the period | 9904 | €5,639 | €7,659 | +€2,019 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,639 | €7,659 | +€2,019 | +35.8% |
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 18 October 2026 via checked.be.