OPENAIR: what changed
Two fiscal 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.
OPENAIR
Largest movements
- Tangible fixed assets -€43,166
down €43,166 (-7.0%), from €615,199 to €572,033
of which Land and buildings: -€32,197
- Cash +€11,606
up €11,606 (+67.8%), from €17,119 to €28,725
mainly Short-term financial debts (+€49,045) and Depreciation (+€44,318)
- Receivables within one year +€10,867
up €10,867 (+8.0%), from €135,734 to €146,601
of which Other amounts receivable: +€16,888
- Short-term financial debts +€49,045
up €49,045 (+55.6%), from €88,283 to €137,328
- Profit (loss) carried forward -€45,116
down €45,116 (-17.9%), from €251,466 to €206,350
- Debts after one year -€24,838
down €24,838 (-11.2%), from €221,121 to €196,283
of which Financial debts: -€35,938
- Gross operating margin -€53,570
down €53,570 (-63.5%), from €84,382 to €30,811
- Write-downs +€8,904
new in 2025: €8,904
- Depreciation -€5,947
down €5,947 (-11.8%), from €50,265 to €44,318
- Taxes -€2,993
down €2,993 (-86.5%), from €3,459 to €466
- Other operating charges -€2,451
down €2,451 (-44.5%), from €5,505 to €3,055
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 | €772,677 | €752,334 | -€20,343 | -2.6% |
| Fixed assets | 21/28 | €615,449 | €572,283 | -€43,166 | -7.0% |
| Tangible fixed assets | 22/27 | €615,199 | €572,033 | -€43,166 | -7.0% |
| Land and buildings | 22 | €591,956 | €559,759 | -€32,197 | -5.4% |
| Plant, machinery and equipment | 23 | €1,071 | €1,205 | +€134 | +12.5% |
| Furniture and vehicles | 24 | €22,172 | €11,069 | -€11,103 | -50.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €157,227 | €180,050 | +€22,823 | +14.5% |
| Amounts receivable within one year | 40/41 | €135,734 | €146,601 | +€10,867 | +8.0% |
| Trade receivables | 40 | €130,531 | €124,510 | -€6,021 | -4.6% |
| Other amounts receivable | 41 | €5,203 | €22,091 | +€16,888 | +324.6% |
| Cash at bank and in hand | 54/58 | €17,119 | €28,725 | +€11,606 | +67.8% |
| Deferred charges and accrued income | 490/1 | €4,374 | €4,724 | +€350 | +8.0% |
| Total equity and liabilities | 10/49 | €772,677 | €752,334 | -€20,343 | -2.6% |
| Equity | 10/15 | €273,643 | €228,527 | -€45,116 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,577 | €3,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,717 | €1,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,466 | €206,350 | -€45,116 | -17.9% |
| Amounts payable | 17/49 | €499,034 | €523,806 | +€24,772 | +5.0% |
| Amounts payable after more than one year | 17 | €221,121 | €196,283 | -€24,838 | -11.2% |
| Financial debts | 170/4 | €221,121 | €185,183 | -€35,938 | -16.3% |
| Other amounts payable | 178/9 | - | €11,100 | +€11,100 | |
| Amounts payable within one year | 42/48 | €276,727 | €319,903 | +€43,176 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €39,905 | €35,938 | -€3,967 | -9.9% |
| Financial debts | 43 | €88,283 | €137,328 | +€49,045 | +55.6% |
| Credit institutions | 430/8 | €88,283 | €137,328 | +€49,045 | +55.6% |
| Trade debts | 44 | €90,742 | €98,037 | +€7,296 | +8.0% |
| Suppliers | 440/4 | €90,742 | €98,037 | +€7,296 | +8.0% |
| Taxes, remuneration and social security | 45 | €4,143 | €466 | -€3,677 | -88.8% |
| Taxes | 450/3 | €4,143 | €466 | -€3,677 | -88.8% |
| Other amounts payable | 47/48 | €53,655 | €48,134 | -€5,521 | -10.3% |
| Accrued charges and deferred income | 492/3 | €1,186 | €7,620 | +€6,435 | +542.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,265 | €44,318 | -€5,947 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,904 | +€8,904 | |
| Other operating charges | 640/8 | €5,505 | €3,055 | -€2,451 | -44.5% |
| Gross operating margin | 9900 | €84,382 | €30,811 | -€53,570 | -63.5% |
| Operating profit (loss) | 9901 | €28,611 | -€25,465 | -€54,076 | |
| Financial income | 75/76B | €26 | €565 | +€539 | +2064.6% |
| Recurring financial income | 75 | €26 | €565 | +€539 | +2064.6% |
| Financial charges | 65/66B | €21,386 | €19,750 | -€1,636 | -7.6% |
| Recurring financial charges | 65 | €21,386 | €19,750 | -€1,636 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €7,251 | -€44,650 | -€51,902 | |
| Income taxes | 67/77 | €3,459 | €466 | -€2,993 | -86.5% |
| Profit (loss) for the period | 9904 | €3,792 | -€45,116 | -€48,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,792 | -€45,116 | -€48,908 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.