What changed?
Two fiscal 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.
AIR CHOICE 1
Largest movements
- Tangible fixed assets -€19,793
down €19,793 (-55.5%), from €35,644 to €15,850
of which Furniture and vehicles: -€17,169
- Cash +€3,075
up €3,075 (+89.0%), from €3,455 to €6,531
mainly Other debts (+€17,442) and Depreciation (+€10,720)
- Receivables within one year +€848
up €848 (+9.8%), from €8,688 to €9,535
of which Trade receivables: +€1,219
- Deferred charges and accrued income +€654
up €654 (+36.4%), from €1,796 to €2,450
- Profit (loss) carried forward -€28,057
down €28,057 (-103.2%), from -€27,196 to -€55,253
- Other debts +€17,442
up €17,442 (+174.9%), from €9,975 to €27,417
- Advances received -€3,290
down €3,290 (-100.0%), from €3,290 to €0
- Trade debts -€2,944
down €2,944 (-9.5%), from €30,982 to €28,038
- Tax, wage and social debts +€1,445
up €1,445 (+80.4%), from €1,797 to €3,242
- Other operating charges +€5,310
up €5,310 (+133.1%), from €3,990 to €9,300
- Depreciation -€2,621
down €2,621 (-19.6%), from €13,342 to €10,720
- Gross operating margin +€687
up €687 (+8.0%), from -€8,573 to -€7,886
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.
Cash bridge derived
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 | €49,733 | €34,366 | -€15,367 | -30.9% |
| Fixed assets | 21/28 | €35,794 | €15,850 | -€19,943 | -55.7% |
| Tangible fixed assets | 22/27 | €35,644 | €15,850 | -€19,793 | -55.5% |
| Plant, machinery and equipment | 23 | €16,677 | €8,152 | -€8,526 | -51.1% |
| Furniture and vehicles | 24 | €18,966 | €1,797 | -€17,169 | -90.5% |
| Other tangible fixed assets | 26 | - | €5,901 | +€5,901 | |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100.0% |
| Current assets | 29/58 | €13,939 | €18,516 | +€4,576 | +32.8% |
| Amounts receivable within one year | 40/41 | €8,688 | €9,535 | +€848 | +9.8% |
| Trade receivables | 40 | €8,012 | €9,231 | +€1,219 | +15.2% |
| Other amounts receivable | 41 | €676 | €305 | -€372 | -55.0% |
| Cash at bank and in hand | 54/58 | €3,455 | €6,531 | +€3,075 | +89.0% |
| Deferred charges and accrued income | 490/1 | €1,796 | €2,450 | +€654 | +36.4% |
| Total equity and liabilities | 10/49 | €49,733 | €34,366 | -€15,367 | -30.9% |
| Equity | 10/15 | €3,690 | -€24,367 | -€28,057 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,686 | €24,686 | = | 0.0% |
| Distributable reserves | 133 | €24,686 | €24,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,196 | -€55,253 | -€28,057 | -103.2% |
| Amounts payable | 17/49 | €46,043 | €58,733 | +€12,690 | +27.6% |
| Amounts payable within one year | 42/48 | €46,043 | €58,697 | +€12,653 | +27.5% |
| Trade debts | 44 | €30,982 | €28,038 | -€2,944 | -9.5% |
| Suppliers | 440/4 | €30,982 | €28,038 | -€2,944 | -9.5% |
| Advances received on contracts in progress | 46 | €3,290 | €0 | -€3,290 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,797 | €3,242 | +€1,445 | +80.4% |
| Taxes | 450/3 | €1,797 | €3,242 | +€1,445 | +80.4% |
| Other amounts payable | 47/48 | €9,975 | €27,417 | +€17,442 | +174.9% |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,342 | €10,720 | -€2,621 | -19.6% |
| Other operating charges | 640/8 | €3,990 | €9,300 | +€5,310 | +133.1% |
| Gross operating margin | 9900 | -€8,573 | -€7,886 | +€687 | +8.0% |
| Operating profit (loss) | 9901 | -€25,905 | -€27,906 | -€2,001 | -7.7% |
| Financial income | 75/76B | €207 | €155 | -€52 | -25.1% |
| Recurring financial income | 75 | €207 | €155 | -€52 | -25.1% |
| Financial charges | 65/66B | €298 | €306 | +€8 | +2.5% |
| Recurring financial charges | 65 | €298 | €306 | +€8 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,996 | -€28,057 | -€2,061 | -7.9% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,996 | -€28,057 | -€2,061 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,996 | -€28,057 | -€2,061 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.