Aiglos: 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.
Aiglos
Largest movements
- Cash +€48,474
up €48,474 (+267%), from €18,189 to €66,663
mainly Current portion of long-term debt (+€300,624) and Net result for the year (+€21,684)
- Tangible fixed assets -€19,062
down €19,062 (-34.3%), from €55,615 to €36,554
- Receivables within one year -€10,567
down €10,567 (-29.4%), from €35,907 to €25,341
of which Other amounts receivable: -€10,152
- Debts after one year -€315,548
down €315,548 (-94.7%), from €333,125 to €17,577
- Current portion of long-term debt +€300,624
up €300,624 (+2,014%), from €14,924 to €315,548
- Reserves +€21,684
up €21,684 (+121%), from €17,912 to €39,596
- Tax, wage and social debts +€11,443
up €11,443 (+112%), from €10,250 to €21,693
- Gross operating margin -€46,466
down €46,466 (-43.3%), from €107,325 to €60,859
- Financial charges -€5,099
down €5,099 (-26.2%), from €19,485 to €14,386
- Other operating charges -€1,166
down €1,166 (-44.1%), from €2,643 to €1,478
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 | €378,711 | €399,090 | +€20,379 | +5.4% |
| Fixed assets | 21/28 | €55,615 | €36,554 | -€19,062 | -34.3% |
| Tangible fixed assets | 22/27 | €55,615 | €36,554 | -€19,062 | -34.3% |
| Furniture and vehicles | 24 | €55,615 | €36,554 | -€19,062 | -34.3% |
| Current assets | 29/58 | €323,096 | €362,536 | +€39,440 | +12.2% |
| Stocks and contracts in progress | 3 | €269,000 | €269,000 | = | 0.0% |
| Stocks | 30/36 | €269,000 | €269,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,907 | €25,341 | -€10,567 | -29.4% |
| Trade receivables | 40 | €414 | €0 | -€414 | -100% |
| Other amounts receivable | 41 | €35,493 | €25,341 | -€10,152 | -28.6% |
| Cash at bank and in hand | 54/58 | €18,189 | €66,663 | +€48,474 | +267% |
| Deferred charges and accrued income | 490/1 | €0 | €1,533 | +€1,533 | |
| Total equity and liabilities | 10/49 | €378,711 | €399,090 | +€20,379 | +5.4% |
| Equity | 10/15 | €20,412 | €42,096 | +€21,684 | +106% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,912 | €39,596 | +€21,684 | +121% |
| Distributable reserves | 133 | €17,912 | €39,596 | +€21,684 | +121% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €358,299 | €356,994 | -€1,305 | -0.4% |
| Amounts payable after more than one year | 17 | €333,125 | €17,577 | -€315,548 | -94.7% |
| Financial debts | 170/4 | €333,125 | €17,577 | -€315,548 | -94.7% |
| Amounts payable within one year | 42/48 | €25,174 | €339,417 | +€314,242 | +1,248% |
| Current portion of amounts payable after more than one year | 42 | €14,924 | €315,548 | +€300,624 | +2,014% |
| Trade debts | 44 | - | €2,176 | +€2,176 | |
| Suppliers | 440/4 | - | €2,176 | +€2,176 | |
| Taxes, remuneration and social security | 45 | €10,250 | €21,693 | +€11,443 | +112% |
| Taxes | 450/3 | €10,250 | €21,693 | +€11,443 | +112% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,883 | €19,062 | +€179 | +0.9% |
| Other operating charges | 640/8 | €2,643 | €1,478 | -€1,166 | -44.1% |
| Non-recurring operating charges | 66A | €1,319 | €0 | -€1,319 | -100% |
| Gross operating margin | 9900 | €107,325 | €60,859 | -€46,466 | -43.3% |
| Operating profit (loss) | 9901 | €84,480 | €40,320 | -€44,160 | -52.3% |
| Financial income | 75/76B | €1,239 | €1,760 | +€521 | +42.1% |
| Recurring financial income | 75 | €1,239 | €1,760 | +€521 | +42.1% |
| Financial charges | 65/66B | €19,485 | €14,386 | -€5,099 | -26.2% |
| Recurring financial charges | 65 | €19,485 | €14,386 | -€5,099 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €66,234 | €27,694 | -€38,540 | -58.2% |
| Income taxes | 67/77 | €5,752 | €6,010 | +€258 | +4.5% |
| Profit (loss) for the period | 9904 | €60,482 | €21,684 | -€38,798 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,482 | €21,684 | -€38,798 | -64.1% |
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 25 October 2026 via checked.be.