AIGLES D’OR: 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.
AIGLES D’OR
Largest movements
- Cash -€101,386
down €101,386 (-53.2%), from €190,416 to €89,029
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€95,513)
- Receivables within one year +€95,513
up €95,513 (+135%), from €70,766 to €166,278
of which Other amounts receivable: +€98,505
- Tangible fixed assets +€25,259
up €25,259 (+68.6%), from €36,821 to €62,080
of which Furniture and vehicles: +€18,318
- Receivables after one year -€13,735
down €13,735 (-5.9%), from €233,437 to €219,702
- Current investments +€9,756
up €9,756 (+35.6%), from €27,376 to €37,132
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Trade debts -€27,876
down €27,876 (-19.7%), from €141,297 to €113,421
- Tax, wage and social debts +€16,914
up €16,914 (+27.6%), from €61,383 to €78,296
of which Taxes: +€21,387
- Profit (loss) carried forward -€9,562
down €9,562 (-26.7%), from €35,761 to €26,199
- Gross operating margin +€21,732
up €21,732 (+4.5%), from €479,905 to €501,637
- Financial income +€6,185
up €6,185 (+300%), from €2,063 to €8,248
- Taxes +€5,917
up €5,917 (+16.5%), from €35,878 to €41,795
- Staff costs -€5,684
down €5,684 (-1.8%), from €318,062 to €312,378
- Depreciation +€5,503
up €5,503 (+37.5%), from €14,692 to €20,195
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 | €605,233 | €613,376 | +€8,142 | +1.3% |
| Fixed assets | 21/28 | €57,771 | €83,030 | +€25,259 | +43.7% |
| Tangible fixed assets | 22/27 | €36,821 | €62,080 | +€25,259 | +68.6% |
| Plant, machinery and equipment | 23 | €21,018 | €29,265 | +€8,246 | +39.2% |
| Furniture and vehicles | 24 | €7,206 | €25,524 | +€18,318 | +254% |
| Other tangible fixed assets | 26 | €8,596 | €7,291 | -€1,305 | -15.2% |
| Financial fixed assets | 28 | €20,950 | €20,950 | = | 0.0% |
| Current assets | 29/58 | €547,463 | €530,346 | -€17,117 | -3.1% |
| Amounts receivable after more than one year | 29 | €233,437 | €219,702 | -€13,735 | -5.9% |
| Other amounts receivable | 291 | €233,437 | €219,702 | -€13,735 | -5.9% |
| Stocks and contracts in progress | 3 | €15,263 | €16,752 | +€1,489 | +9.8% |
| Stocks | 30/36 | €15,263 | €16,752 | +€1,489 | +9.8% |
| Amounts receivable within one year | 40/41 | €70,766 | €166,278 | +€95,513 | +135% |
| Trade receivables | 40 | €24,230 | €21,238 | -€2,992 | -12.3% |
| Other amounts receivable | 41 | €46,536 | €145,041 | +€98,505 | +212% |
| Current investments | 50/53 | €27,376 | €37,132 | +€9,756 | +35.6% |
| Cash at bank and in hand | 54/58 | €190,416 | €89,029 | -€101,386 | -53.2% |
| Deferred charges and accrued income | 490/1 | €10,205 | €1,452 | -€8,753 | -85.8% |
| Total equity and liabilities | 10/49 | €605,233 | €613,376 | +€8,142 | +1.3% |
| Equity | 10/15 | €401,221 | €391,659 | -€9,562 | -2.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €345,000 | €345,000 | = | 0.0% |
| Distributable reserves | 133 | €345,000 | €345,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,761 | €26,199 | -€9,562 | -26.7% |
| Amounts payable | 17/49 | €204,012 | €221,717 | +€17,705 | +8.7% |
| Amounts payable within one year | 42/48 | €204,012 | €221,717 | +€17,705 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €141,297 | €113,421 | -€27,876 | -19.7% |
| Suppliers | 440/4 | €141,297 | €113,421 | -€27,876 | -19.7% |
| Taxes, remuneration and social security | 45 | €61,383 | €78,296 | +€16,914 | +27.6% |
| Taxes | 450/3 | €20,189 | €41,576 | +€21,387 | +106% |
| Remuneration and social security | 454/9 | €41,193 | €36,720 | -€4,473 | -10.9% |
| Other amounts payable | 47/48 | €1,333 | - | -€1,333 | |
| Non-recurring operating income | 76A | €20,914 | €3,066 | -€17,848 | -85.3% |
| Remuneration, social security and pensions | 62 | €318,062 | €312,378 | -€5,684 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,692 | €20,195 | +€5,503 | +37.5% |
| Other operating charges | 640/8 | €4,806 | €4,618 | -€188 | -3.9% |
| Non-recurring operating charges | 66A | €154 | €1,404 | +€1,250 | +812% |
| Gross operating margin | 9900 | €479,905 | €501,637 | +€21,732 | +4.5% |
| Operating profit (loss) | 9901 | €142,191 | €163,042 | +€20,851 | +14.7% |
| Financial income | 75/76B | €2,063 | €8,248 | +€6,185 | +300% |
| Recurring financial income | 75 | €2,063 | €8,248 | +€6,185 | +300% |
| Financial charges | 65/66B | €18,074 | €19,058 | +€984 | +5.4% |
| Recurring financial charges | 65 | €18,074 | €18,687 | +€612 | +3.4% |
| Non-recurring financial charges | 66B | - | €371 | +€371 | |
| Profit (loss) for the period before taxes | 9903 | €126,180 | €152,232 | +€26,052 | +20.6% |
| Income taxes | 67/77 | €35,878 | €41,795 | +€5,917 | +16.5% |
| Profit (loss) for the period | 9904 | €90,302 | €110,438 | +€20,135 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,302 | €110,438 | +€20,135 | +22.3% |
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 20 October 2026 via checked.be.