AINO: 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.
AINO
Largest movements
- Cash +€33,504
up €33,504 (+74.7%), from €44,842 to €78,346
mainly Net result for the year (+€27,020) and Depreciation (+€18,798)
- Tangible fixed assets -€18,798
down €18,798 (-27.6%), from €68,089 to €49,292
of which Furniture and vehicles: -€11,527
- Receivables within one year -€10,256
down €10,256 (-38.5%), from €26,671 to €16,415
of which Trade receivables: -€10,179
- Reserves +€67,038
up €67,038 (+192%), from €34,962 to €102,000
of which Distributable reserves: +€67,038
- Profit (loss) carried forward -€40,019
no longer reported in 2025 (was €40,019)
- Tax, wage and social debts -€12,012
down €12,012 (-65.4%), from €18,380 to €6,368
- Debts after one year -€6,791
down €6,791 (-70.1%), from €9,686 to €2,895
- Trade debts -€3,434
down €3,434 (-40.3%), from €8,519 to €5,085
- Gross operating margin -€23,944
down €23,944 (-25.5%), from €94,058 to €70,114
- Depreciation -€6,471
down €6,471 (-25.6%), from €25,269 to €18,798
- Taxes -€4,832
down €4,832 (-30.4%), from €15,872 to €11,040
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 | €139,853 | €144,303 | +€4,450 | +3.2% |
| Fixed assets | 21/28 | €68,339 | €49,542 | -€18,798 | -27.5% |
| Tangible fixed assets | 22/27 | €68,089 | €49,292 | -€18,798 | -27.6% |
| Land and buildings | 22 | €16,852 | €10,279 | -€6,573 | -39.0% |
| Plant, machinery and equipment | 23 | €937 | €239 | -€698 | -74.5% |
| Furniture and vehicles | 24 | €50,300 | €38,773 | -€11,527 | -22.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €71,513 | €94,761 | +€23,248 | +32.5% |
| Amounts receivable within one year | 40/41 | €26,671 | €16,415 | -€10,256 | -38.5% |
| Trade receivables | 40 | €22,461 | €12,282 | -€10,179 | -45.3% |
| Other amounts receivable | 41 | €4,211 | €4,134 | -€77 | -1.8% |
| Cash at bank and in hand | 54/58 | €44,842 | €78,346 | +€33,504 | +74.7% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €139,853 | €144,303 | +€4,450 | +3.2% |
| Equity | 10/15 | €81,180 | €108,200 | +€27,020 | +33.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,962 | €102,000 | +€67,038 | +192% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,962 | €102,000 | +€67,038 | +192% |
| Profit (loss) carried forward | 14 | €40,019 | - | -€40,019 | |
| Amounts payable | 17/49 | €58,673 | €36,103 | -€22,570 | -38.5% |
| Amounts payable after more than one year | 17 | €9,686 | €2,895 | -€6,791 | -70.1% |
| Financial debts | 170/4 | €9,686 | €2,895 | -€6,791 | -70.1% |
| Amounts payable within one year | 42/48 | €48,987 | €33,208 | -€15,779 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €6,575 | €6,791 | +€216 | +3.3% |
| Financial debts | 43 | €482 | €0 | -€482 | -100% |
| Credit institutions | 430/8 | €482 | €0 | -€482 | -100% |
| Trade debts | 44 | €8,519 | €5,085 | -€3,434 | -40.3% |
| Suppliers | 440/4 | €8,519 | €5,085 | -€3,434 | -40.3% |
| Taxes, remuneration and social security | 45 | €18,380 | €6,368 | -€12,012 | -65.4% |
| Taxes | 450/3 | €18,380 | €6,368 | -€12,012 | -65.4% |
| Other amounts payable | 47/48 | €15,030 | €14,964 | -€66 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,269 | €18,798 | -€6,471 | -25.6% |
| Other operating charges | 640/8 | €12,333 | €12,525 | +€192 | +1.6% |
| Gross operating margin | 9900 | €94,058 | €70,114 | -€23,944 | -25.5% |
| Operating profit (loss) | 9901 | €56,456 | €38,792 | -€17,664 | -31.3% |
| Financial income | 75/76B | €188 | €9 | -€179 | -95.4% |
| Recurring financial income | 75 | €188 | €9 | -€179 | -95.4% |
| Financial charges | 65/66B | €754 | €741 | -€14 | -1.8% |
| Recurring financial charges | 65 | €754 | €741 | -€14 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €55,890 | €38,060 | -€17,830 | -31.9% |
| Income taxes | 67/77 | €15,872 | €11,040 | -€4,832 | -30.4% |
| Profit (loss) for the period | 9904 | €40,019 | €27,020 | -€12,999 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,019 | €27,020 | -€12,999 | -32.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.