SRB Aviation Services: what changed
SRB Aviation Services
Largest movements
- Cash +€78,606
up €78,606 (+46.3%), from €169,768 to €248,373
mainly Net result for the year (+€102,329) and Trade debts (+€5,530)
- Tangible fixed assets -€4,065
down €4,065 (-47.1%), from €8,625 to €4,560
of which Furniture and vehicles: -€2,827
- Receivables within one year +€3,883
up €3,883 (+13.8%), from €28,182 to €32,065
of which Trade receivables: +€7,800
- Profit (loss) carried forward +€102,329
new in 2025: €102,329
- Reserves -€28,855
down €28,855 (-14.6%), from €197,904 to €169,049
of which Distributable reserves: -€28,855
- Trade debts +€5,530
up €5,530 (+231%), from €2,390 to €7,920
- Gross operating margin +€71,907
up €71,907 (+119%), from €60,533 to €132,440
- Taxes +€15,885
up €15,885 (+115%), from €13,845 to €29,730
- Financial charges -€13,119
down €13,119 (-74.0%), from €17,723 to €4,604
- Financial income -€1,636
down €1,636 (-15.8%), from €10,328 to €8,693
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,574 | €284,998 | +€78,424 | +38.0% |
| Fixed assets | 21/28 | €8,625 | €4,560 | -€4,065 | -47.1% |
| Tangible fixed assets | 22/27 | €8,625 | €4,560 | -€4,065 | -47.1% |
| Plant, machinery and equipment | 23 | €2,549 | €1,311 | -€1,238 | -48.6% |
| Furniture and vehicles | 24 | €6,076 | €3,249 | -€2,827 | -46.5% |
| Current assets | 29/58 | €197,950 | €280,438 | +€82,488 | +41.7% |
| Amounts receivable within one year | 40/41 | €28,182 | €32,065 | +€3,883 | +13.8% |
| Trade receivables | 40 | €17,730 | €25,530 | +€7,800 | +44.0% |
| Other amounts receivable | 41 | €10,452 | €6,535 | -€3,917 | -37.5% |
| Cash at bank and in hand | 54/58 | €169,768 | €248,373 | +€78,606 | +46.3% |
| Total equity and liabilities | 10/49 | €206,574 | €284,998 | +€78,424 | +38.0% |
| Equity | 10/15 | €197,904 | €271,377 | +€73,474 | +37.1% |
| Reserves | 13 | €197,904 | €169,049 | -€28,855 | -14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,044 | €167,189 | -€28,855 | -14.7% |
| Profit (loss) carried forward | 14 | - | €102,329 | +€102,329 | |
| Amounts payable | 17/49 | €8,670 | €13,620 | +€4,950 | +57.1% |
| Amounts payable within one year | 42/48 | €8,670 | €13,620 | +€4,950 | +57.1% |
| Trade debts | 44 | €2,390 | €7,920 | +€5,530 | +231% |
| Suppliers | 440/4 | €2,390 | €7,920 | +€5,530 | +231% |
| Taxes, remuneration and social security | 45 | €6,280 | €4,811 | -€1,470 | -23.4% |
| Taxes | 450/3 | €6,280 | €4,811 | -€1,470 | -23.4% |
| Other amounts payable | 47/48 | - | €889 | +€889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,713 | €4,065 | +€352 | +9.5% |
| Other operating charges | 640/8 | €269 | €405 | +€136 | +50.6% |
| Gross operating margin | 9900 | €60,533 | €132,440 | +€71,907 | +119% |
| Operating profit (loss) | 9901 | €56,551 | €127,971 | +€71,419 | +126% |
| Financial income | 75/76B | €10,328 | €8,693 | -€1,636 | -15.8% |
| Recurring financial income | 75 | €10,328 | €8,693 | -€1,636 | -15.8% |
| Financial charges | 65/66B | €17,723 | €4,604 | -€13,119 | -74.0% |
| Recurring financial charges | 65 | €17,723 | €4,604 | -€13,119 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €49,156 | €132,059 | +€82,902 | +169% |
| Income taxes | 67/77 | €13,845 | €29,730 | +€15,885 | +115% |
| Profit (loss) for the period | 9904 | €35,311 | €102,329 | +€67,018 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €35,311 | €102,329 | +€67,018 | +190% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.