Wind Calm Aviation: 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.
Wind Calm Aviation
Largest movements
- Receivables within one year +€19,933
up €19,933 (+1,248%), from €1,597 to €21,531
of which Trade receivables: +€19,365
- Cash +€7,592
up €7,592 (+9.3%), from €81,901 to €89,493
mainly Net result for the year (+€46,221) and Depreciation (+€3,770)
- Intangible fixed assets -€3,000
down €3,000 (-80.1%), from €3,747 to €747
- Reserves +€46,221
up €46,221 (+103%), from €44,931 to €91,153
- Other debts -€18,914
down €18,914 (-62.0%), from €30,529 to €11,616
- Debts after one year -€1,757
no longer reported in 2025 (was €1,757)
- Current portion of long-term debt -€1,757
down €1,757 (-50.0%), from €3,513 to €1,757
- Tax, wage and social debts -€1,322
down €1,322 (-34.7%), from €3,805 to €2,483
- Gross operating margin +€7,693
up €7,693 (+13.3%), from €57,968 to €65,661
- Taxes +€4,982
up €4,982 (+54.7%), from €9,105 to €14,086
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 | €90,633 | €114,389 | +€23,755 | +26.2% |
| Fixed assets | 21/28 | €7,135 | €3,365 | -€3,770 | -52.8% |
| Intangible fixed assets | 21 | €3,747 | €747 | -€3,000 | -80.1% |
| Tangible fixed assets | 22/27 | €3,388 | €2,618 | -€770 | -22.7% |
| Furniture and vehicles | 24 | €1,784 | €1,271 | -€513 | -28.8% |
| Other tangible fixed assets | 26 | €1,604 | €1,347 | -€257 | -16.0% |
| Current assets | 29/58 | €83,498 | €111,024 | +€27,525 | +33.0% |
| Amounts receivable within one year | 40/41 | €1,597 | €21,531 | +€19,933 | +1,248% |
| Trade receivables | 40 | €635 | €20,000 | +€19,365 | +3,048% |
| Other amounts receivable | 41 | €962 | €1,531 | +€569 | +59.1% |
| Cash at bank and in hand | 54/58 | €81,901 | €89,493 | +€7,592 | +9.3% |
| Total equity and liabilities | 10/49 | €90,633 | €114,389 | +€23,755 | +26.2% |
| Equity | 10/15 | €47,931 | €94,153 | +€46,221 | +96.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,931 | €91,153 | +€46,221 | +103% |
| Distributable reserves | 133 | €44,931 | €91,153 | +€46,221 | +103% |
| Amounts payable | 17/49 | €42,702 | €20,236 | -€22,466 | -52.6% |
| Amounts payable after more than one year | 17 | €1,757 | - | -€1,757 | |
| Financial debts | 170/4 | €1,757 | - | -€1,757 | |
| Amounts payable within one year | 42/48 | €40,945 | €20,236 | -€20,709 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €3,513 | €1,757 | -€1,757 | -50.0% |
| Financial debts | 43 | €2,546 | €3,333 | +€787 | +30.9% |
| Credit institutions | 430/8 | €2,546 | €3,333 | +€787 | +30.9% |
| Trade debts | 44 | €551 | €1,047 | +€496 | +90.0% |
| Suppliers | 440/4 | €551 | €1,047 | +€496 | +90.0% |
| Taxes, remuneration and social security | 45 | €3,805 | €2,483 | -€1,322 | -34.7% |
| Taxes | 450/3 | €3,805 | €2,483 | -€1,322 | -34.7% |
| Other amounts payable | 47/48 | €30,529 | €11,616 | -€18,914 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,770 | €3,770 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €57,968 | €65,661 | +€7,693 | +13.3% |
| Operating profit (loss) | 9901 | €53,670 | €61,347 | +€7,677 | +14.3% |
| Financial charges | 65/66B | €1,485 | €1,039 | -€445 | -30.0% |
| Recurring financial charges | 65 | €1,485 | €1,039 | -€445 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €52,185 | €60,308 | +€8,122 | +15.6% |
| Income taxes | 67/77 | €9,105 | €14,086 | +€4,982 | +54.7% |
| Profit (loss) for the period | 9904 | €43,081 | €46,221 | +€3,141 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,081 | €46,221 | +€3,141 | +7.3% |
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 23 October 2026 via checked.be.