ZZ AÉRO: 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.
ZZ AÉRO
Largest movements
- Cash +€45,654
up €45,654 (+25.1%), from €182,222 to €227,876
mainly Net result for the year (+€64,933) and Depreciation (+€2,916)
- Receivables within one year +€16,014
up €16,014 (+275%), from €5,833 to €21,848
of which Trade receivables: +€18,883
- Reserves +€64,933
up €64,933 (+48.9%), from €132,790 to €197,723
- Gross operating margin +€4,412
up €4,412 (+5.5%), from €79,838 to €84,249
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 | €192,575 | €255,425 | +€62,850 | +32.6% |
| Fixed assets | 21/28 | €4,520 | €5,701 | +€1,182 | +26.1% |
| Tangible fixed assets | 22/27 | €4,520 | €5,701 | +€1,182 | +26.1% |
| Plant, machinery and equipment | 23 | €4,520 | €5,701 | +€1,182 | +26.1% |
| Current assets | 29/58 | €188,055 | €249,723 | +€61,668 | +32.8% |
| Amounts receivable within one year | 40/41 | €5,833 | €21,848 | +€16,014 | +275% |
| Trade receivables | 40 | €2,965 | €21,848 | +€18,883 | +637% |
| Other amounts receivable | 41 | €2,869 | - | -€2,869 | |
| Cash at bank and in hand | 54/58 | €182,222 | €227,876 | +€45,654 | +25.1% |
| Total equity and liabilities | 10/49 | €192,575 | €255,425 | +€62,850 | +32.6% |
| Equity | 10/15 | €135,790 | €200,723 | +€64,933 | +47.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €132,790 | €197,723 | +€64,933 | +48.9% |
| Distributable reserves | 133 | €132,790 | €197,723 | +€64,933 | +48.9% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €56,784 | €54,702 | -€2,083 | -3.7% |
| Amounts payable within one year | 42/48 | €56,784 | €54,702 | -€2,083 | -3.7% |
| Trade debts | 44 | €3,016 | €2,875 | -€142 | -4.7% |
| Suppliers | 440/4 | €3,016 | €2,875 | -€142 | -4.7% |
| Advances received on contracts in progress | 46 | €18,150 | €18,150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,804 | €33,382 | -€1,422 | -4.1% |
| Taxes | 450/3 | €34,804 | €33,382 | -€1,422 | -4.1% |
| Other amounts payable | 47/48 | €814 | €295 | -€518 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,145 | €2,916 | +€771 | +36.0% |
| Gross operating margin | 9900 | €79,838 | €84,249 | +€4,412 | +5.5% |
| Operating profit (loss) | 9901 | €77,693 | €81,334 | +€3,641 | +4.7% |
| Financial charges | 65/66B | €44 | €168 | +€125 | +286% |
| Recurring financial charges | 65 | €44 | €168 | +€125 | +286% |
| Profit (loss) for the period before taxes | 9903 | €77,650 | €81,166 | +€3,516 | +4.5% |
| Income taxes | 67/77 | €15,530 | €16,233 | +€703 | +4.5% |
| Profit (loss) for the period | 9904 | €62,120 | €64,933 | +€2,813 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,120 | €64,933 | +€2,813 | +4.5% |
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 17 October 2026 via checked.be.