A.U.L.: 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.
A.U.L.
Largest movements
- Financial fixed assets +€515,000
up €515,000 (+36.1%), from €1.4m to €1.9m
- Cash -€174,586
down €174,586 (-61.8%), from €282,721 to €108,135
mainly Debts after one year (-€5.9m) and Investment in fixed assets (net) (-€991,000)
- Tangible fixed assets +€137,375
up €137,375 (+1.2%), from €11.1m to €11.2m
- Debts after one year -€5.9m
down €5.9m (-73.0%), from €8.1m to €2.2m
- Current portion of long-term debt +€5.6m
up €5.6m (+1632.2%), from €343,420 to €5.9m
- Other debts +€1.2m
up €1.2m (+29.5%), from €4.1m to €5.3m
- Profit (loss) carried forward -€415,270
down €415,270 (-20.7%), from -€2.0m to -€2.4m
- Financial charges +€59,506
up €59,506 (+15.5%), from €382,856 to €442,362
- Financial income +€46,625
new in 2024: €46,625
- Depreciation +€21,324
up €21,324 (+6.7%), from €317,301 to €338,625
- Gross operating margin +€12,016
up €12,016 (+3.4%), from €352,131 to €364,147
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,778,399 | €13,256,188 | +€477,789 | +3.7% |
| Fixed assets | 21/28 | €12,495,678 | €13,148,053 | +€652,375 | +5.2% |
| Tangible fixed assets | 22/27 | €11,068,378 | €11,205,753 | +€137,375 | +1.2% |
| Land and buildings | 22 | €11,068,378 | €11,205,753 | +€137,375 | +1.2% |
| Financial fixed assets | 28 | €1,427,300 | €1,942,300 | +€515,000 | +36.1% |
| Current assets | 29/58 | €282,721 | €108,135 | -€174,586 | -61.8% |
| Cash at bank and in hand | 54/58 | €282,721 | €108,135 | -€174,586 | -61.8% |
| Total equity and liabilities | 10/49 | €12,778,399 | €13,256,188 | +€477,789 | +3.7% |
| Equity | 10/15 | -€1,987,104 | -€2,402,374 | -€415,270 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,005,704 | -€2,420,974 | -€415,270 | -20.7% |
| Amounts payable | 17/49 | €14,765,504 | €15,658,562 | +€893,058 | +6.0% |
| Amounts payable after more than one year | 17 | €8,069,275 | €2,175,000 | -€5.9m | -73.0% |
| Financial debts | 170/4 | €8,069,275 | €2,175,000 | -€5.9m | -73.0% |
| Amounts payable within one year | 42/48 | €6,670,821 | €13,483,562 | +€6.8m | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €343,420 | €5,948,784 | +€5.6m | +1632.2% |
| Financial debts | 43 | €2,250,000 | €2,250,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,250,000 | €2,250,000 | = | 0.0% |
| Trade debts | 44 | €13,300 | €19,943 | +€6,643 | +49.9% |
| Suppliers | 440/4 | €13,300 | €19,943 | +€6,643 | +49.9% |
| Other amounts payable | 47/48 | €4,064,101 | €5,264,835 | +€1.2m | +29.5% |
| Accrued charges and deferred income | 492/3 | €25,407 | - | -€25,407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,301 | €338,625 | +€21,324 | +6.7% |
| Other operating charges | 640/8 | €37,460 | €40,725 | +€3,266 | +8.7% |
| Non-recurring operating charges | 66A | - | €4,330 | +€4,330 | |
| Gross operating margin | 9900 | €352,131 | €364,147 | +€12,016 | +3.4% |
| Operating profit (loss) | 9901 | -€2,629 | -€19,533 | -€16,903 | -642.9% |
| Financial income | 75/76B | - | €46,625 | +€46,625 | |
| Recurring financial income | 75 | - | €46,625 | +€46,625 | |
| Financial charges | 65/66B | €382,856 | €442,362 | +€59,506 | +15.5% |
| Recurring financial charges | 65 | €382,856 | €442,362 | +€59,506 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€385,485 | -€415,270 | -€29,784 | -7.7% |
| Profit (loss) for the period | 9904 | -€385,485 | -€415,270 | -€29,784 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€385,485 | -€415,270 | -€29,784 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.