AIORA: 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.
AIORA
Largest movements
- Receivables within one year +€276,115
up €276,115 (+1720.5%), from €16,049 to €292,163
of which Other amounts receivable: +€276,228
- Cash -€232,858
down €232,858 (-57.9%), from €402,045 to €169,187
mainly Other debts (-€406,571) and Receivables within one year (-€276,115)
- Current investments -€204,013
down €204,013 (-99.4%), from €205,180 to €1,167
- Tangible fixed assets -€8,207
down €8,207 (-36.7%), from €22,336 to €14,129
of which Furniture and vehicles: -€4,773
- Other debts -€406,571
down €406,571 (-100.0%), from €406,571 to €0
- Reserves +€224,670
up €224,670 (+129.6%), from €173,319 to €397,989
of which Distributable reserves: +€224,670
- Tax, wage and social debts +€21,698
up €21,698 (+741.8%), from €2,925 to €24,623
of which Taxes: +€18,803
- Gross operating margin +€86,687
up €86,687 (+40.1%), from €216,185 to €302,872
- Taxes +€19,826
up €19,826 (+40.4%), from €49,036 to €68,863
- Depreciation -€15,551
down €15,551 (-65.5%), from €23,758 to €8,207
- Financial income -€14,698
down €14,698 (-86.4%), from €17,003 to €2,305
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 | €674,076 | €507,732 | -€166,343 | -24.7% |
| Fixed assets | 21/28 | €22,336 | €14,129 | -€8,207 | -36.7% |
| Tangible fixed assets | 22/27 | €22,336 | €14,129 | -€8,207 | -36.7% |
| Land and buildings | 22 | €12,837 | €10,431 | -€2,406 | -18.7% |
| Plant, machinery and equipment | 23 | €2,936 | €1,908 | -€1,029 | -35.0% |
| Furniture and vehicles | 24 | €6,563 | €1,790 | -€4,773 | -72.7% |
| Current assets | 29/58 | €651,739 | €493,603 | -€158,136 | -24.3% |
| Amounts receivable within one year | 40/41 | €16,049 | €292,163 | +€276,115 | +1720.5% |
| Trade receivables | 40 | €11,898 | €11,785 | -€113 | -0.9% |
| Other amounts receivable | 41 | €4,151 | €280,378 | +€276,228 | +6655.2% |
| Current investments | 50/53 | €205,180 | €1,167 | -€204,013 | -99.4% |
| Cash at bank and in hand | 54/58 | €402,045 | €169,187 | -€232,858 | -57.9% |
| Deferred charges and accrued income | 490/1 | €28,466 | €31,086 | +€2,620 | +9.2% |
| Total equity and liabilities | 10/49 | €674,076 | €507,732 | -€166,343 | -24.7% |
| Equity | 10/15 | €247,719 | €472,389 | +€224,670 | +90.7% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €173,319 | €397,989 | +€224,670 | +129.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €173,319 | €397,989 | +€224,670 | +129.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €426,357 | €35,343 | -€391,013 | -91.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €426,357 | €35,343 | -€391,013 | -91.7% |
| Current portion of amounts payable after more than one year | 42 | €5,053 | €0 | -€5,053 | -100.0% |
| Trade debts | 44 | €11,808 | €10,720 | -€1,087 | -9.2% |
| Suppliers | 440/4 | €11,808 | €10,720 | -€1,087 | -9.2% |
| Taxes, remuneration and social security | 45 | €2,925 | €24,623 | +€21,698 | +741.8% |
| Taxes | 450/3 | €2,925 | €21,728 | +€18,803 | +642.8% |
| Remuneration and social security | 454/9 | - | €2,895 | +€2,895 | |
| Other amounts payable | 47/48 | €406,571 | €0 | -€406,571 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,372 | €2,559 | +€1,187 | +86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,758 | €8,207 | -€15,551 | -65.5% |
| Other operating charges | 640/8 | €893 | €394 | -€499 | -55.9% |
| Gross operating margin | 9900 | €216,185 | €302,872 | +€86,687 | +40.1% |
| Operating profit (loss) | 9901 | €190,161 | €291,712 | +€101,551 | +53.4% |
| Financial income | 75/76B | €17,003 | €2,305 | -€14,698 | -86.4% |
| Recurring financial income | 75 | €17,003 | €2,305 | -€14,698 | -86.4% |
| Financial charges | 65/66B | €328 | €484 | +€156 | +47.5% |
| Recurring financial charges | 65 | €328 | €484 | +€156 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €206,836 | €293,533 | +€86,697 | +41.9% |
| Income taxes | 67/77 | €49,036 | €68,863 | +€19,826 | +40.4% |
| Profit (loss) for the period | 9904 | €157,799 | €224,670 | +€66,871 | +42.4% |
| Transfer from tax-exempt reserves | 789 | €8,080 | €0 | -€8,080 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €165,879 | €224,670 | +€58,791 | +35.4% |
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 4 October 2026 via checked.be.