AIRPAR: 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.
AIRPAR
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+484%), from €418,340 to €2.4m
- Receivables within one year +€376,645
up €376,645 (+740%), from €50,928 to €427,573
of which Other amounts receivable: +€345,302
- Cash +€360,367
up €360,367 (+141%), from €255,701 to €616,068
mainly Contributions, distributions and other (+€2.5m) and Other debts (+€122,408)
- Contributions +€1.7m
up €1.7m (+391%), from €435,000 to €2.1m
- Profit (loss) carried forward +€863,591
up €863,591 (+565%), from €152,824 to €1.0m
- Other debts +€122,408
up €122,408 (+84.4%), from €145,025 to €267,433
- Reserves +€74,830
up €74,830 (+30.7%), from €243,500 to €318,330
- Taxes -€21,860
down €21,860 (-70.2%), from €31,124 to €9,264
- Purchases and services -€14,737
down €14,737 (-9.9%), from €149,169 to €134,432
- Turnover -€10,587
down €10,587 (-4.3%), from €247,500 to €236,913
- Other operating charges -€2,847
down €2,847 (-83.0%), from €3,430 to €583
- Financial income +€2,650
up €2,650 (+18.4%), from €14,364 to €17,014
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 | €1,009,693 | €3,775,744 | +€2.8m | +274% |
| Fixed assets | 21/28 | €453,064 | €2,466,876 | +€2.0m | +444% |
| Tangible fixed assets | 22/27 | €34,724 | €22,286 | -€12,438 | -35.8% |
| Plant, machinery and equipment | 23 | €3,752 | €2,296 | -€1,456 | -38.8% |
| Furniture and vehicles | 24 | €30,972 | €19,990 | -€10,982 | -35.5% |
| Financial fixed assets | 28 | €418,340 | €2,444,590 | +€2.0m | +484% |
| Current assets | 29/58 | €556,629 | €1,308,868 | +€752,239 | +135% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,928 | €427,573 | +€376,645 | +740% |
| Trade receivables | 40 | €20,329 | €51,672 | +€31,343 | +154% |
| Other amounts receivable | 41 | €30,599 | €375,901 | +€345,302 | +1,128% |
| Cash at bank and in hand | 54/58 | €255,701 | €616,068 | +€360,367 | +141% |
| Deferred charges and accrued income | 490/1 | - | €15,227 | +€15,227 | |
| Total equity and liabilities | 10/49 | €1,009,693 | €3,775,744 | +€2.8m | +274% |
| Equity | 10/15 | €831,324 | €3,469,745 | +€2.6m | +317% |
| Contributions | 10/11 | €435,000 | €2,135,000 | +€1.7m | +391% |
| Capital | 10 | €435,000 | €2,135,000 | +€1.7m | +391% |
| Issued capital | 100 | €435,000 | €2,135,000 | +€1.7m | +391% |
| Reserves | 13 | €243,500 | €318,330 | +€74,830 | +30.7% |
| Non-distributable reserves | 130/1 | €243,500 | €318,330 | +€74,830 | +30.7% |
| Legal reserve | 130 | €243,500 | €318,330 | +€74,830 | +30.7% |
| Profit (loss) carried forward | 14 | €152,824 | €1,016,415 | +€863,591 | +565% |
| Amounts payable | 17/49 | €178,369 | €305,999 | +€127,630 | +71.6% |
| Amounts payable within one year | 42/48 | €161,377 | €299,539 | +€138,162 | +85.6% |
| Trade debts | 44 | €4,117 | €22,106 | +€17,989 | +437% |
| Suppliers | 440/4 | €4,117 | €22,106 | +€17,989 | +437% |
| Taxes, remuneration and social security | 45 | €12,235 | €10,000 | -€2,235 | -18.3% |
| Taxes | 450/3 | €12,235 | €10,000 | -€2,235 | -18.3% |
| Other amounts payable | 47/48 | €145,025 | €267,433 | +€122,408 | +84.4% |
| Accrued charges and deferred income | 492/3 | €16,992 | €6,460 | -€10,532 | -62.0% |
| Turnover | 70 | €247,500 | €236,913 | -€10,587 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €149,169 | €134,432 | -€14,737 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,764 | €12,438 | -€326 | -2.6% |
| Other operating charges | 640/8 | €3,430 | €583 | -€2,847 | -83.0% |
| Non-recurring operating charges | 66A | - | €942 | +€942 | |
| Gross operating margin | 9900 | €103,020 | €104,652 | +€1,632 | +1.6% |
| Operating profit (loss) | 9901 | €86,826 | €90,689 | +€3,863 | +4.4% |
| Financial income | 75/76B | €14,364 | €17,014 | +€2,650 | +18.4% |
| Recurring financial income | 75 | €14,364 | €17,014 | +€2,650 | +18.4% |
| Financial charges | 65/66B | €6,016 | €6,702 | +€686 | +11.4% |
| Recurring financial charges | 65 | €6,016 | €6,702 | +€686 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €95,174 | €101,001 | +€5,827 | +6.1% |
| Income taxes | 67/77 | €31,124 | €9,264 | -€21,860 | -70.2% |
| Profit (loss) for the period | 9904 | €64,050 | €91,737 | +€27,687 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,050 | €91,737 | +€27,687 | +43.2% |
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 13 October 2026 via checked.be.