VOYAGES AVIA: what changed
VOYAGES AVIA
Largest movements
- Receivables within one year -€130,236
down €130,236 (-98.3%), from €132,509 to €2,273
of which Trade receivables: -€129,480
- Tangible fixed assets -€84,736
no longer reported in 2025 (was €84,736)
of which Land and buildings: -€81,320
- Cash -€45,793
down €45,793 (-70.2%), from €65,262 to €19,469
mainly Other debts (-€98,484) and Net result for the year (-€90,198)
- Other debts -€98,484
down €98,484 (-76.9%), from €128,094 to €29,610
- Profit (loss) carried forward -€90,198
down €90,198, from €27,855 to -€62,343
- Trade debts -€62,121
down €62,121 (-89.5%), from €69,445 to €7,324
- Current portion of long-term debt -€10,404
down €10,404 (-82.8%), from €12,562 to €2,158
- Gross operating margin -€154,632
down €154,632, from €90,785 to -€63,847
- Staff costs -€98,112
down €98,112 (-99.6%), from €98,522 to €409
- Financial charges +€17,478
up €17,478 (+604%), from €2,892 to €20,370
- Depreciation -€4,275
no longer reported in 2025 (was €4,275)
- Other operating charges +€2,180
up €2,180 (+64.3%), from €3,391 to €5,571
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 | €285,106 | €21,742 | -€263,364 | -92.4% |
| Fixed assets | 21/28 | €87,335 | €0 | -€87,335 | -100% |
| Tangible fixed assets | 22/27 | €84,736 | - | -€84,736 | |
| Land and buildings | 22 | €81,320 | - | -€81,320 | |
| Plant, machinery and equipment | 23 | €3,417 | - | -€3,417 | |
| Financial fixed assets | 28 | €2,599 | €0 | -€2,599 | -100% |
| Current assets | 29/58 | €197,771 | €21,742 | -€176,029 | -89.0% |
| Amounts receivable within one year | 40/41 | €132,509 | €2,273 | -€130,236 | -98.3% |
| Trade receivables | 40 | €129,480 | €0 | -€129,480 | -100% |
| Other amounts receivable | 41 | €3,029 | €2,273 | -€756 | -25.0% |
| Cash at bank and in hand | 54/58 | €65,262 | €19,469 | -€45,793 | -70.2% |
| Total equity and liabilities | 10/49 | €285,106 | €21,742 | -€263,364 | -92.4% |
| Equity | 10/15 | €72,847 | -€17,351 | -€90,198 | |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €4,090 | €4,090 | = | 0.0% |
| Distributable reserves | 133 | €4,090 | €4,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,855 | -€62,343 | -€90,198 | |
| Amounts payable | 17/49 | €212,259 | €39,092 | -€173,166 | -81.6% |
| Amounts payable after more than one year | 17 | €2,158 | - | -€2,158 | |
| Financial debts | 170/4 | €2,158 | - | -€2,158 | |
| Amounts payable within one year | 42/48 | €210,101 | €39,092 | -€171,008 | -81.4% |
| Current portion of amounts payable after more than one year | 42 | €12,562 | €2,158 | -€10,404 | -82.8% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €69,445 | €7,324 | -€62,121 | -89.5% |
| Suppliers | 440/4 | €69,445 | €7,324 | -€62,121 | -89.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €128,094 | €29,610 | -€98,484 | -76.9% |
| Non-recurring operating income | 76A | - | €24,264 | +€24,264 | |
| Remuneration, social security and pensions | 62 | €98,522 | €409 | -€98,112 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,275 | - | -€4,275 | |
| Other operating charges | 640/8 | €3,391 | €5,571 | +€2,180 | +64.3% |
| Gross operating margin | 9900 | €90,785 | -€63,847 | -€154,632 | |
| Operating profit (loss) | 9901 | -€15,403 | -€69,828 | -€54,425 | -353% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,892 | €20,370 | +€17,478 | +604% |
| Recurring financial charges | 65 | €2,892 | €20,370 | +€17,478 | +604% |
| Profit (loss) for the period before taxes | 9903 | -€18,295 | -€90,198 | -€71,903 | -393% |
| Profit (loss) for the period | 9904 | -€18,295 | -€90,198 | -€71,903 | -393% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,295 | -€90,198 | -€71,903 | -393% |
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 4 November 2026 via checked.be.