Aoraki: what changed
Aoraki
Largest movements
- Cash -€11,491
down €11,491 (-30.8%), from €37,327 to €25,836
mainly Receivables within one year (-€9,379) and Other debts (-€8,260)
- Receivables within one year +€9,379
up €9,379 (+650%), from €1,442 to €10,821
of which Trade receivables: +€9,169
- Contributions +€12,350
up €12,350 (+199%), from €6,200 to €18,550
- Other debts -€8,260
down €8,260 (-29.2%), from €28,316 to €20,056
- Tax, wage and social debts -€5,965
down €5,965 (-55.5%), from €10,742 to €4,777
- Trade debts -€511
down €511 (-19.3%), from €2,642 to €2,131
- Gross operating margin +€7,316
up €7,316 (+33.6%), from €21,795 to €29,112
- Taxes +€1,619
up €1,619 (+32.6%), from €4,964 to €6,583
- Financial income -€339
down €339 (-96.9%), from €350 to €11
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,900 | €45,802 | -€2,097 | -4.4% |
| Fixed assets | 21/28 | €9,130 | €9,145 | +€15 | +0.2% |
| Tangible fixed assets | 22/27 | €9,130 | €9,145 | +€15 | +0.2% |
| Furniture and vehicles | 24 | €2,170 | €3,007 | +€836 | +38.5% |
| Other tangible fixed assets | 26 | €6,960 | €6,139 | -€822 | -11.8% |
| Current assets | 29/58 | €38,769 | €36,657 | -€2,112 | -5.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,442 | €10,821 | +€9,379 | +650% |
| Trade receivables | 40 | €1,256 | €10,425 | +€9,169 | +730% |
| Other amounts receivable | 41 | €186 | €395 | +€209 | +112% |
| Cash at bank and in hand | 54/58 | €37,327 | €25,836 | -€11,491 | -30.8% |
| Total equity and liabilities | 10/49 | €47,900 | €45,802 | -€2,097 | -4.4% |
| Equity | 10/15 | €6,200 | €18,550 | +€12,350 | +199% |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,700 | €27,252 | -€14,447 | -34.6% |
| Amounts payable within one year | 42/48 | €41,700 | €26,963 | -€14,736 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,642 | €2,131 | -€511 | -19.3% |
| Suppliers | 440/4 | €2,642 | €2,131 | -€511 | -19.3% |
| Taxes, remuneration and social security | 45 | €10,742 | €4,777 | -€5,965 | -55.5% |
| Taxes | 450/3 | €10,742 | €4,777 | -€5,965 | -55.5% |
| Other amounts payable | 47/48 | €28,316 | €20,056 | -€8,260 | -29.2% |
| Accrued charges and deferred income | 492/3 | - | €289 | +€289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,368 | €1,511 | +€143 | +10.4% |
| Other operating charges | 640/8 | €852 | €872 | +€20 | +2.4% |
| Gross operating margin | 9900 | €21,795 | €29,112 | +€7,316 | +33.6% |
| Operating profit (loss) | 9901 | €19,575 | €26,729 | +€7,153 | +36.5% |
| Financial income | 75/76B | €350 | €11 | -€339 | -96.9% |
| Recurring financial income | 75 | €350 | €11 | -€339 | -96.9% |
| Financial charges | 65/66B | €106 | €101 | -€6 | -5.2% |
| Recurring financial charges | 65 | €106 | €101 | -€6 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €19,819 | €26,639 | +€6,820 | +34.4% |
| Income taxes | 67/77 | €4,964 | €6,583 | +€1,619 | +32.6% |
| Profit (loss) for the period | 9904 | €14,855 | €20,056 | +€5,200 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,855 | €20,056 | +€5,200 | +35.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.