Wallonie Aerotraining Network: what changed
What changed
Wallonie Aerotraining Network
NACE 85.592, Vocational training
filed annual accounts (NBB)
Net result for the year
€91,492
2024 · €36,955+€54,537
Equity
€4.7m
2024 · €4.4m+€354,770
Cash
€2.5m
2024 · €441,488+€2.1m
Balance sheet total
€7.8m
2024 · €5.4m+€2.4m
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+476%), from €441,488 to €2.5m
mainly Accrued charges and deferred income (+€1.4m) and Debts within one year (+€722,081)
- Tangible fixed assets +€550,848
up €550,848 (+13.0%), from €4.2m to €4.8m
of which Furniture and vehicles: +€909,057
- Receivables within one year -€148,154
down €148,154 (-36.1%), from €410,281 to €262,127
of which Other amounts receivable: -€149,653
Equity and liabilities
- Accrued charges and deferred income +€1.4m
up €1.4m (+324%), from €417,778 to €1.8m
- Debts within one year +€722,081
up €722,081 (+133%), from €541,658 to €1.3m
- Investment grants +€263,278
up €263,278 (+5.8%), from €4.6m to €4.8m
- Profit (loss) carried forward +€91,492
up €91,492 (+23.7%), from -€385,592 to -€294,100
Income statement
- Financial charges -€292,747
down €292,747 (-63.4%), from €461,716 to €168,968
of which Non-recurring financial charges: -€296,827
- Gross operating margin -€178,620
down €178,620 (-7.8%), from €2.3m to €2.1m
- Depreciation -€100,125
down €100,125 (-16.4%), from €609,427 to €509,302
- Staff costs +€90,980
up €90,980 (+8.0%), from €1.1m to €1.2m
- Write-downs +€72,602
up €72,602 (+484%), from €15,000 to €87,602
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.
Result 2024
€36,955
Gross operating margin
-€178,620
Staff costs
-€90,980
Depreciation
+€100,125
Write-downs
-€72,602
Other operating charges
+€2,697
Financial income
+€2,137
Financial charges
+€292,747
Taxes
-€968
Result 2025
€91,492
raises the resultlowers the result
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.
From operations
+€2.9m
Investment
-€1.0m
Financing
+€263,278
Cash 2024
€441,488
From operations (derived)
+€2.9m
Net result for the year
+€91,492
Depreciation
+€509,302
Stocks and contracts
-€9,663
Receivables within one year
+€148,154
Deferred charges and accrued income
+€43,756
Debts within one year
+€722,081
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Current investments
+€0
Financing
+€263,278
Contributions, distributions and other
+€263,278
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,353,056 | €7,785,556 | +€2.4m | +45.4% |
| Fixed assets | 21/28 | €4,413,337 | €4,924,669 | +€511,331 | +11.6% |
| Intangible fixed assets | 21 | €169,048 | €123,975 | -€45,073 | -26.7% |
| Tangible fixed assets | 22/27 | €4,244,100 | €4,794,947 | +€550,848 | +13.0% |
| Land and buildings | 22 | €3,332,922 | €3,092,930 | -€239,992 | -7.2% |
| Plant, machinery and equipment | 23 | €711,546 | €593,328 | -€118,217 | -16.6% |
| Furniture and vehicles | 24 | €199,632 | €1,108,689 | +€909,057 | +455% |
| Financial fixed assets | 28 | €189 | €5,746 | +€5,557 | +2,937% |
| Current assets | 29/58 | €939,719 | €2,860,887 | +€1.9m | +204% |
| Stocks and contracts in progress | 3 | €13,033 | €22,697 | +€9,663 | +74.1% |
| Stocks | 30/36 | €13,033 | €22,697 | +€9,663 | +74.1% |
| Amounts receivable within one year | 40/41 | €410,281 | €262,127 | -€148,154 | -36.1% |
| Trade receivables | 40 | €143,739 | €145,239 | +€1,500 | +1.0% |
| Other amounts receivable | 41 | €266,542 | €116,889 | -€149,653 | -56.1% |
| Current investments | 50/53 | €49 | €49 | -€0 | -0.9% |
| Cash at bank and in hand | 54/58 | €441,488 | €2,544,903 | +€2.1m | +476% |
| Deferred charges and accrued income | 490/1 | €74,867 | €31,111 | -€43,756 | -58.4% |
| Total equity and liabilities | 10/49 | €5,353,056 | €7,785,556 | +€2.4m | +45.4% |
| Equity | 10/15 | €4,388,620 | €4,743,390 | +€354,770 | +8.1% |
| Reserves | 13 | €223,201 | €223,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€385,592 | -€294,100 | +€91,492 | +23.7% |
| Investment grants | 15 | €4,551,011 | €4,814,289 | +€263,278 | +5.8% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €959,436 | €3,037,166 | +€2.1m | +217% |
| Amounts payable within one year | 42/48 | €541,658 | €1,263,739 | +€722,081 | +133% |
| Trade debts | 44 | €321,500 | €264,945 | -€56,555 | -17.6% |
| Suppliers | 440/4 | €321,500 | €264,945 | -€56,555 | -17.6% |
| Taxes, remuneration and social security | 45 | €220,158 | €193,506 | -€26,653 | -12.1% |
| Taxes | 450/3 | €49,896 | €37,236 | -€12,660 | -25.4% |
| Remuneration and social security | 454/9 | €170,263 | €156,270 | -€13,992 | -8.2% |
| Accrued charges and deferred income | 492/3 | €417,778 | €1,773,427 | +€1.4m | +324% |
| Non-recurring operating income | 76A | €16,214 | - | -€16,214 | |
| Remuneration, social security and pensions | 62 | €1,140,716 | €1,231,696 | +€90,980 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609,427 | €509,302 | -€100,125 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | €87,602 | +€72,602 | +484% |
| Other operating charges | 640/8 | €22,405 | €19,707 | -€2,697 | -12.0% |
| Gross operating margin | 9900 | €2,285,943 | €2,107,323 | -€178,620 | -7.8% |
| Operating profit (loss) | 9901 | €498,396 | €259,016 | -€239,380 | -48.0% |
| Financial income | 75/76B | €480 | €2,617 | +€2,137 | +445% |
| Recurring financial income | 75 | €480 | €2,617 | +€2,137 | +445% |
| Financial charges | 65/66B | €461,716 | €168,968 | -€292,747 | -63.4% |
| Recurring financial charges | 65 | €16,475 | €20,555 | +€4,080 | +24.8% |
| Non-recurring financial charges | 66B | €445,240 | €148,413 | -€296,827 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €37,160 | €92,665 | +€55,505 | +149% |
| Income taxes | 67/77 | €205 | €1,173 | +€968 | +472% |
| Profit (loss) for the period | 9904 | €36,955 | €91,492 | +€54,537 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €36,955 | €91,492 | +€54,537 | +148% |
Next steps
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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 6 November 2026 via checked.be.