S.D. Airtec: 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.
S.D. Airtec
Largest movements
- Receivables within one year +€48,495
up €48,495 (+244%), from €19,907 to €68,402
of which Other amounts receivable: +€43,369
- Tangible fixed assets -€8,207
down €8,207 (-20.1%), from €40,729 to €32,523
of which Leasing and similar rights: -€7,478
- Cash -€5,655
down €5,655 (-88.9%), from €6,361 to €706
mainly Receivables within one year (-€48,495) and Debts after one year (-€12,320)
- Deferred charges and accrued income +€1,401
up €1,401 (+550%), from €254 to €1,655
- Reserves +€35,971
up €35,971 (+470%), from €7,647 to €43,618
- Debts after one year -€12,320
down €12,320 (-42.4%), from €29,079 to €16,759
- Trade debts +€9,040
up €9,040 (+116%), from €7,789 to €16,829
- Tax, wage and social debts +€5,643
up €5,643 (+92.2%), from €6,118 to €11,761
of which Taxes: +€5,806
- Accrued charges and deferred income -€2,935
down €2,935 (-100%), from €2,935 to €0
- Gross operating margin +€24,679
up €24,679 (+64.8%), from €38,070 to €62,748
- Staff costs -€9,761
down €9,761 (-64.6%), from €15,115 to €5,355
- Taxes +€7,454
up €7,454 (+324%), from €2,304 to €9,758
- Depreciation +€1,706
up €1,706 (+20.0%), from €8,534 to €10,241
- Financial income +€1,373
up €1,373 (+398%), from €345 to €1,718
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 | €67,252 | €103,286 | +€36,034 | +53.6% |
| Fixed assets | 21/28 | €40,729 | €32,523 | -€8,207 | -20.1% |
| Tangible fixed assets | 22/27 | €40,729 | €32,523 | -€8,207 | -20.1% |
| Plant, machinery and equipment | 23 | - | €1,646 | +€1,646 | |
| Furniture and vehicles | 24 | €9,894 | €7,519 | -€2,374 | -24.0% |
| Leasing and similar rights | 25 | €30,836 | €23,357 | -€7,478 | -24.3% |
| Current assets | 29/58 | €26,523 | €70,764 | +€44,241 | +167% |
| Amounts receivable within one year | 40/41 | €19,907 | €68,402 | +€48,495 | +244% |
| Trade receivables | 40 | €5,360 | €10,486 | +€5,126 | +95.6% |
| Other amounts receivable | 41 | €14,547 | €57,917 | +€43,369 | +298% |
| Cash at bank and in hand | 54/58 | €6,361 | €706 | -€5,655 | -88.9% |
| Deferred charges and accrued income | 490/1 | €254 | €1,655 | +€1,401 | +550% |
| Total equity and liabilities | 10/49 | €67,252 | €103,286 | +€36,034 | +53.6% |
| Equity | 10/15 | €9,647 | €45,618 | +€35,971 | +373% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,647 | €43,618 | +€35,971 | +470% |
| Distributable reserves | 133 | €7,647 | €43,618 | +€35,971 | +470% |
| Amounts payable | 17/49 | €57,606 | €57,669 | +€63 | +0.1% |
| Amounts payable after more than one year | 17 | €29,079 | €16,759 | -€12,320 | -42.4% |
| Financial debts | 170/4 | €29,079 | €16,759 | -€12,320 | -42.4% |
| Amounts payable within one year | 42/48 | €25,592 | €40,910 | +€15,318 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €11,684 | €12,320 | +€636 | +5.4% |
| Trade debts | 44 | €7,789 | €16,829 | +€9,040 | +116% |
| Suppliers | 440/4 | €7,789 | €16,829 | +€9,040 | +116% |
| Taxes, remuneration and social security | 45 | €6,118 | €11,761 | +€5,643 | +92.2% |
| Taxes | 450/3 | €5,638 | €11,443 | +€5,806 | +103% |
| Remuneration and social security | 454/9 | €481 | €317 | -€163 | -34.0% |
| Accrued charges and deferred income | 492/3 | €2,935 | €0 | -€2,935 | -100% |
| Remuneration, social security and pensions | 62 | €15,115 | €5,355 | -€9,761 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,534 | €10,241 | +€1,706 | +20.0% |
| Other operating charges | 640/8 | €1,318 | €299 | -€1,019 | -77.3% |
| Gross operating margin | 9900 | €38,070 | €62,748 | +€24,679 | +64.8% |
| Operating profit (loss) | 9901 | €13,101 | €46,854 | +€33,752 | +258% |
| Financial income | 75/76B | €345 | €1,718 | +€1,373 | +398% |
| Recurring financial income | 75 | €345 | €1,718 | +€1,373 | +398% |
| Financial charges | 65/66B | €3,496 | €2,843 | -€654 | -18.7% |
| Recurring financial charges | 65 | €3,496 | €2,843 | -€654 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €9,950 | €45,729 | +€35,779 | +360% |
| Income taxes | 67/77 | €2,304 | €9,758 | +€7,454 | +324% |
| Profit (loss) for the period | 9904 | €7,647 | €35,971 | +€28,325 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €7,647 | €35,971 | +€28,325 | +370% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.