AU BOULEVARD: 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 BOULEVARD
Largest movements
- Tangible fixed assets +€57,578
up €57,578 (+1,333%), from €4,320 to €61,899
of which Other tangible fixed assets: +€59,217
- Cash -€24,263
down €24,263 (-42.8%), from €56,710 to €32,447
mainly Investment in fixed assets (net) (-€63,300) and Other debts (-€20,755)
- Receivables within one year -€11,189
down €11,189 (-81.4%), from €13,742 to €2,553
of which Other amounts receivable: -€11,289
- Deferred charges and accrued income +€1,557
up €1,557 (+39.0%), from €3,995 to €5,552
- Debts after one year +€39,768
new in 2025: €39,768
- Other debts -€20,755
down €20,755 (-83.0%), from €25,000 to €4,245
- Current portion of long-term debt +€5,460
new in 2025: €5,460
- Tax, wage and social debts -€1,750
no longer reported in 2025 (was €1,750)
- Profit (loss) carried forward +€1,492
up €1,492 (+21.8%), from €6,859 to €8,352
- Gross operating margin -€19,344
down €19,344 (-55.3%), from €34,974 to €15,630
- Depreciation +€3,859
up €3,859 (+207%), from €1,862 to €5,721
- Financial charges +€2,025
up €2,025 (+149%), from €1,358 to €3,384
- Financial income -€963
no longer reported in 2025 (was €963)
- Other operating charges -€773
down €773 (-13.3%), from €5,806 to €5,033
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 | €80,676 | €103,871 | +€23,195 | +28.8% |
| Fixed assets | 21/28 | €5,120 | €62,699 | +€57,578 | +1,124% |
| Tangible fixed assets | 22/27 | €4,320 | €61,899 | +€57,578 | +1,333% |
| Plant, machinery and equipment | 23 | €3,880 | €2,557 | -€1,324 | -34.1% |
| Furniture and vehicles | 24 | €440 | €126 | -€315 | -71.4% |
| Other tangible fixed assets | 26 | - | €59,217 | +€59,217 | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €75,556 | €41,172 | -€34,384 | -45.5% |
| Stocks and contracts in progress | 3 | €1,109 | €619 | -€489 | -44.1% |
| Stocks | 30/36 | €1,109 | €619 | -€489 | -44.1% |
| Amounts receivable within one year | 40/41 | €13,742 | €2,553 | -€11,189 | -81.4% |
| Trade receivables | 40 | €1,820 | €1,920 | +€100 | +5.5% |
| Other amounts receivable | 41 | €11,922 | €633 | -€11,289 | -94.7% |
| Cash at bank and in hand | 54/58 | €56,710 | €32,447 | -€24,263 | -42.8% |
| Deferred charges and accrued income | 490/1 | €3,995 | €5,552 | +€1,557 | +39.0% |
| Total equity and liabilities | 10/49 | €80,676 | €103,871 | +€23,195 | +28.8% |
| Equity | 10/15 | €52,319 | €53,812 | +€1,492 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,859 | €8,352 | +€1,492 | +21.8% |
| Amounts payable | 17/49 | €28,357 | €50,059 | +€21,703 | +76.5% |
| Amounts payable after more than one year | 17 | - | €39,768 | +€39,768 | |
| Financial debts | 170/4 | - | €39,768 | +€39,768 | |
| Amounts payable within one year | 42/48 | €28,357 | €10,291 | -€18,065 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,460 | +€5,460 | |
| Trade debts | 44 | €1,607 | €586 | -€1,020 | -63.5% |
| Suppliers | 440/4 | €1,607 | €586 | -€1,020 | -63.5% |
| Taxes, remuneration and social security | 45 | €1,750 | - | -€1,750 | |
| Taxes | 450/3 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €25,000 | €4,245 | -€20,755 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €5,721 | +€3,859 | +207% |
| Other operating charges | 640/8 | €5,806 | €5,033 | -€773 | -13.3% |
| Gross operating margin | 9900 | €34,974 | €15,630 | -€19,344 | -55.3% |
| Operating profit (loss) | 9901 | €27,306 | €4,876 | -€22,430 | -82.1% |
| Financial income | 75/76B | €963 | - | -€963 | |
| Recurring financial income | 75 | €963 | - | -€963 | |
| Financial charges | 65/66B | €1,358 | €3,384 | +€2,025 | +149% |
| Recurring financial charges | 65 | €1,358 | €3,384 | +€2,025 | +149% |
| Profit (loss) for the period before taxes | 9903 | €26,911 | €1,492 | -€25,418 | -94.5% |
| Profit (loss) for the period | 9904 | €26,911 | €1,492 | -€25,418 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,911 | €1,492 | -€25,418 | -94.5% |
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 15 October 2026 via checked.be.