AU: 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.
AU
Largest movements
- Tangible fixed assets +€130,527
up €130,527 (+2855.8%), from €4,571 to €135,097
of which Land and buildings: +€132,602
- Receivables after one year +€118,581
new in 2025: €118,581
- Cash +€50,902
up €50,902 (+266.6%), from €19,096 to €69,998
mainly Debts after one year (+€225,485) and Net result for the year (+€45,954)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Deferred charges and accrued income -€20,370
down €20,370 (-23.5%), from €86,565 to €66,195
- Debts after one year +€225,485
new in 2025: €225,485
of which Financial debts: +€221,825
- Profit (loss) carried forward +€45,954
up €45,954 (+30.2%), from €152,392 to €198,346
- Other debts -€10,986
down €10,986 (-96.5%), from €11,386 to €400
- Current portion of long-term debt +€8,849
new in 2025: €8,849
- Tax, wage and social debts -€5,410
down €5,410 (-48.0%), from €11,274 to €5,863
of which Taxes: -€3,297
- Depreciation +€18,257
up €18,257 (+1063.4%), from €1,717 to €19,974
- Gross operating margin -€6,975
down €6,975 (-40.8%), from €17,113 to €10,138
- Taxes -€3,525
down €3,525 (-96.4%), from €3,656 to €131
- Financial charges +€3,182
up €3,182 (+182.8%), from €1,741 to €4,923
- Financial income +€1,904
up €1,904 (+3.2%), from €60,394 to €62,297
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 | €182,455 | €446,815 | +€264,360 | +144.9% |
| Fixed assets | 21/28 | €39,534 | €170,061 | +€130,527 | +330.2% |
| Tangible fixed assets | 22/27 | €4,571 | €135,097 | +€130,527 | +2855.8% |
| Land and buildings | 22 | - | €132,602 | +€132,602 | |
| Furniture and vehicles | 24 | €4,571 | €2,496 | -€2,075 | -45.4% |
| Financial fixed assets | 28 | €34,964 | €34,964 | = | 0.0% |
| Current assets | 29/58 | €142,921 | €276,754 | +€133,833 | +93.6% |
| Amounts receivable after more than one year | 29 | - | €118,581 | +€118,581 | |
| Other amounts receivable | 291 | - | €118,581 | +€118,581 | |
| Amounts receivable within one year | 40/41 | €7,260 | €21,980 | +€14,720 | +202.8% |
| Trade receivables | 40 | €7,260 | €21,671 | +€14,411 | +198.5% |
| Other amounts receivable | 41 | - | €309 | +€309 | |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €19,096 | €69,998 | +€50,902 | +266.6% |
| Deferred charges and accrued income | 490/1 | €86,565 | €66,195 | -€20,370 | -23.5% |
| Total equity and liabilities | 10/49 | €182,455 | €446,815 | +€264,360 | +144.9% |
| Equity | 10/15 | €154,392 | €200,346 | +€45,954 | +29.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,392 | €198,346 | +€45,954 | +30.2% |
| Amounts payable | 17/49 | €28,063 | €246,469 | +€218,406 | +778.3% |
| Amounts payable after more than one year | 17 | - | €225,485 | +€225,485 | |
| Financial debts | 170/4 | - | €221,825 | +€221,825 | |
| Other amounts payable | 178/9 | - | €3,660 | +€3,660 | |
| Amounts payable within one year | 42/48 | €26,955 | €20,092 | -€6,862 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,849 | +€8,849 | |
| Trade debts | 44 | €4,295 | €4,980 | +€685 | +16.0% |
| Suppliers | 440/4 | €4,295 | €4,980 | +€685 | +16.0% |
| Taxes, remuneration and social security | 45 | €11,274 | €5,863 | -€5,410 | -48.0% |
| Taxes | 450/3 | €7,925 | €4,628 | -€3,297 | -41.6% |
| Remuneration and social security | 454/9 | €3,349 | €1,235 | -€2,114 | -63.1% |
| Other amounts payable | 47/48 | €11,386 | €400 | -€10,986 | -96.5% |
| Accrued charges and deferred income | 492/3 | €1,109 | €892 | -€216 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €19,974 | +€18,257 | +1063.4% |
| Other operating charges | 640/8 | €811 | €1,453 | +€642 | +79.2% |
| Gross operating margin | 9900 | €17,113 | €10,138 | -€6,975 | -40.8% |
| Operating profit (loss) | 9901 | €14,585 | -€11,289 | -€25,874 | |
| Financial income | 75/76B | €60,394 | €62,297 | +€1,904 | +3.2% |
| Recurring financial income | 75 | €60,394 | €62,297 | +€1,904 | +3.2% |
| Financial charges | 65/66B | €1,741 | €4,923 | +€3,182 | +182.8% |
| Recurring financial charges | 65 | €1,741 | €4,923 | +€3,182 | +182.8% |
| Profit (loss) for the period before taxes | 9903 | €73,238 | €46,085 | -€27,153 | -37.1% |
| Income taxes | 67/77 | €3,656 | €131 | -€3,525 | -96.4% |
| Profit (loss) for the period | 9904 | €69,581 | €45,954 | -€23,627 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,581 | €45,954 | -€23,627 | -34.0% |
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 9 October 2026 via checked.be.