sv-flightservice: 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.
sv-flightservice
Largest movements
- Cash +€13,901
up €13,901 (+11.9%), from €116,515 to €130,416
mainly Net result for the year (+€54,987) and Tax, wage and social debts (+€9,747)
- Receivables after one year -€4,829
down €4,829 (-6.0%), from €80,592 to €75,763
- Receivables within one year +€4,770
up €4,770 (+8.7%), from €54,829 to €59,599
of which Trade receivables: +€3,308
- Tax, wage and social debts +€9,747
up €9,747 (+358%), from €2,726 to €12,474
- Gross operating margin +€9,220
up €9,220 (+12.0%), from €76,852 to €86,072
- Taxes +€4,062
up €4,062 (+18.4%), from €22,088 to €26,150
- Depreciation -€3,829
down €3,829 (-43.9%), from €8,722 to €4,892
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 | €266,319 | €278,935 | +€12,616 | +4.7% |
| Fixed assets | 21/28 | €11,898 | €10,530 | -€1,367 | -11.5% |
| Tangible fixed assets | 22/27 | €11,898 | €10,530 | -€1,367 | -11.5% |
| Plant, machinery and equipment | 23 | €5,577 | €6,258 | +€681 | +12.2% |
| Furniture and vehicles | 24 | €2,547 | €499 | -€2,048 | -80.4% |
| Other tangible fixed assets | 26 | €3,774 | €3,774 | = | 0.0% |
| Current assets | 29/58 | €254,422 | €268,405 | +€13,983 | +5.5% |
| Amounts receivable after more than one year | 29 | €80,592 | €75,763 | -€4,829 | -6.0% |
| Other amounts receivable | 291 | €80,592 | €75,763 | -€4,829 | -6.0% |
| Amounts receivable within one year | 40/41 | €54,829 | €59,599 | +€4,770 | +8.7% |
| Trade receivables | 40 | €23,907 | €27,215 | +€3,308 | +13.8% |
| Other amounts receivable | 41 | €30,922 | €32,384 | +€1,462 | +4.7% |
| Cash at bank and in hand | 54/58 | €116,515 | €130,416 | +€13,901 | +11.9% |
| Deferred charges and accrued income | 490/1 | €2,485 | €2,627 | +€142 | +5.7% |
| Total equity and liabilities | 10/49 | €266,319 | €278,935 | +€12,616 | +4.7% |
| Equity | 10/15 | €257,811 | €258,798 | +€987 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €240,277 | €240,777 | +€500 | +0.2% |
| 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 | €917 | €917 | = | 0.0% |
| Distributable reserves | 133 | €237,500 | €238,000 | +€500 | +0.2% |
| Profit (loss) carried forward | 14 | €5,134 | €5,621 | +€487 | +9.5% |
| Amounts payable | 17/49 | €8,509 | €20,137 | +€11,629 | +137% |
| Amounts payable within one year | 42/48 | €3,409 | €14,619 | +€11,210 | +329% |
| Trade debts | 44 | €683 | €2,145 | +€1,463 | +214% |
| Suppliers | 440/4 | €683 | €2,145 | +€1,463 | +214% |
| Taxes, remuneration and social security | 45 | €2,726 | €12,474 | +€9,747 | +358% |
| Taxes | 450/3 | €2,726 | €12,474 | +€9,747 | +358% |
| Accrued charges and deferred income | 492/3 | €5,100 | €5,518 | +€419 | +8.2% |
| Non-recurring operating income | 76A | €500 | €1,674 | +€1,174 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,722 | €4,892 | -€3,829 | -43.9% |
| Other operating charges | 640/8 | €1,447 | €1,462 | +€14 | +1.0% |
| Gross operating margin | 9900 | €76,852 | €86,072 | +€9,220 | +12.0% |
| Operating profit (loss) | 9901 | €66,683 | €79,718 | +€13,036 | +19.5% |
| Financial income | 75/76B | €1,556 | €1,606 | +€50 | +3.2% |
| Recurring financial income | 75 | €1,556 | €1,606 | +€50 | +3.2% |
| Financial charges | 65/66B | €187 | €187 | -€0 | -0.1% |
| Recurring financial charges | 65 | €187 | €187 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €68,051 | €81,137 | +€13,086 | +19.2% |
| Income taxes | 67/77 | €22,088 | €26,150 | +€4,062 | +18.4% |
| Profit (loss) for the period | 9904 | €45,963 | €54,987 | +€9,024 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,963 | €54,987 | +€9,024 | +19.6% |
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.