The Flying Office: 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.
The Flying Office
Largest movements
- Tangible fixed assets +€9,307
up €9,307 (+3.7%), from €254,180 to €263,487
of which Land and buildings: +€15,580
- Cash +€3,204
up €3,204 (+3,376%), from €95 to €3,299
mainly Depreciation (+€16,892) and Other debts (+€7,903)
- Other debts +€7,903
up €7,903 (+8.7%), from €91,104 to €99,007
- Debts after one year -€3,708
down €3,708 (-3.6%), from €104,287 to €100,578
- Short-term financial debts +€3,623
up €3,623 (+586%), from €618 to €4,241
- Gross operating margin -€7,215
down €7,215 (-17.0%), from €42,557 to €35,342
- Taxes -€4,631
down €4,631 (-58.7%), from €7,896 to €3,264
- Depreciation +€4,267
up €4,267 (+33.8%), from €12,625 to €16,892
- Other operating charges +€1,754
up €1,754 (+81.7%), from €2,146 to €3,900
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 | €262,999 | €276,925 | +€13,926 | +5.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €254,180 | €263,487 | +€9,307 | +3.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €254,180 | €263,487 | +€9,307 | +3.7% |
| Land and buildings | 22 | €241,943 | €257,523 | +€15,580 | +6.4% |
| Furniture and vehicles | 24 | €12,236 | €5,964 | -€6,273 | -51.3% |
| Current assets | 29/58 | €8,819 | €13,438 | +€4,620 | +52.4% |
| Amounts receivable within one year | 40/41 | €7,687 | €8,564 | +€877 | +11.4% |
| Trade receivables | 40 | €7,498 | €7,528 | +€30 | +0.4% |
| Other amounts receivable | 41 | €190 | €1,036 | +€847 | +447% |
| Cash at bank and in hand | 54/58 | €95 | €3,299 | +€3,204 | +3,376% |
| Deferred charges and accrued income | 490/1 | €1,037 | €1,575 | +€538 | +51.9% |
| Total equity and liabilities | 10/49 | €262,999 | €276,925 | +€13,926 | +5.3% |
| Equity | 10/15 | €53,724 | €57,218 | +€3,495 | +6.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,224 | €53,093 | +€1,870 | +3.7% |
| Distributable reserves | 133 | €51,224 | €53,093 | +€1,870 | +3.7% |
| Profit (loss) carried forward | 14 | - | €1,625 | +€1,625 | |
| Amounts payable | 17/49 | €209,275 | €219,707 | +€10,432 | +5.0% |
| Amounts payable after more than one year | 17 | €104,287 | €100,578 | -€3,708 | -3.6% |
| Financial debts | 170/4 | €104,287 | €100,578 | -€3,708 | -3.6% |
| Amounts payable within one year | 42/48 | €104,988 | €118,879 | +€13,890 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €3,476 | €3,708 | +€233 | +6.7% |
| Financial debts | 43 | €618 | €4,241 | +€3,623 | +586% |
| Credit institutions | 430/8 | €618 | €4,241 | +€3,623 | +586% |
| Trade debts | 44 | €452 | €134 | -€318 | -70.3% |
| Suppliers | 440/4 | €452 | €134 | -€318 | -70.3% |
| Taxes, remuneration and social security | 45 | €9,340 | €11,789 | +€2,449 | +26.2% |
| Taxes | 450/3 | €9,340 | €10,807 | +€1,467 | +15.7% |
| Remuneration and social security | 454/9 | - | €982 | +€982 | |
| Other amounts payable | 47/48 | €91,104 | €99,007 | +€7,903 | +8.7% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,625 | €16,892 | +€4,267 | +33.8% |
| Other operating charges | 640/8 | €2,146 | €3,900 | +€1,754 | +81.7% |
| Gross operating margin | 9900 | €42,557 | €35,342 | -€7,215 | -17.0% |
| Operating profit (loss) | 9901 | €27,786 | €14,551 | -€13,235 | -47.6% |
| Financial income | 75/76B | €54 | €0 | -€54 | -100% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -100% |
| Financial charges | 65/66B | €7,458 | €7,792 | +€334 | +4.5% |
| Recurring financial charges | 65 | €7,458 | €7,792 | +€334 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €20,381 | €6,759 | -€13,623 | -66.8% |
| Income taxes | 67/77 | €7,896 | €3,264 | -€4,631 | -58.7% |
| Profit (loss) for the period | 9904 | €12,486 | €3,495 | -€8,991 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,486 | €3,495 | -€8,991 | -72.0% |
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 26 October 2026 via checked.be.