Au Clair Matin: 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 Clair Matin
Largest movements
- Cash +€78,986
up €78,986 (+16.2%), from €488,752 to €567,738
mainly Accrued charges and deferred income (+€57,804) and Depreciation (+€26,701)
- Tangible fixed assets -€10,441
down €10,441 (-11.8%), from €88,383 to €77,942
of which Furniture and vehicles: -€11,431
- Accrued charges and deferred income +€57,804
up €57,804 (+206%), from €28,043 to €85,847
- Profit (loss) carried forward +€25,520
up €25,520 (+5.0%), from €508,019 to €533,539
- Debts within one year -€22,400
down €22,400 (-13.8%), from €162,337 to €139,937
of which Tax, wage and social debts: -€15,801
- Gross operating margin +€46,477
up €46,477 (+5.0%), from €927,869 to €974,346
- Staff costs +€28,878
up €28,878 (+3.2%), from €891,432 to €920,310
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 | €706,763 | €771,287 | +€64,524 | +9.1% |
| Fixed assets | 21/28 | €88,383 | €77,942 | -€10,441 | -11.8% |
| Tangible fixed assets | 22/27 | €88,383 | €77,942 | -€10,441 | -11.8% |
| Plant, machinery and equipment | 23 | €70,454 | €71,444 | +€990 | +1.4% |
| Furniture and vehicles | 24 | €17,929 | €6,498 | -€11,431 | -63.8% |
| Current assets | 29/58 | €618,380 | €693,345 | +€74,965 | +12.1% |
| Amounts receivable within one year | 40/41 | €124,345 | €117,087 | -€7,258 | -5.8% |
| Trade receivables | 40 | - | €2,110 | +€2,110 | |
| Other amounts receivable | 41 | €124,345 | €114,977 | -€9,368 | -7.5% |
| Cash at bank and in hand | 54/58 | €488,752 | €567,738 | +€78,986 | +16.2% |
| Deferred charges and accrued income | 490/1 | €5,283 | €8,520 | +€3,237 | +61.3% |
| Total equity and liabilities | 10/49 | €706,763 | €771,287 | +€64,524 | +9.1% |
| Equity | 10/15 | €516,383 | €545,503 | +€29,120 | +5.6% |
| Contributions | 10/11 | €8,364 | €8,364 | = | 0.0% |
| Capital | 10 | €8,364 | €8,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | €508,019 | €533,539 | +€25,520 | +5.0% |
| Investment grants | 15 | - | €3,600 | +€3,600 | |
| Amounts payable | 17/49 | €190,380 | €225,784 | +€35,404 | +18.6% |
| Amounts payable within one year | 42/48 | €162,337 | €139,937 | -€22,400 | -13.8% |
| Trade debts | 44 | €8,651 | €3,300 | -€5,351 | -61.9% |
| Suppliers | 440/4 | €8,651 | €3,300 | -€5,351 | -61.9% |
| Taxes, remuneration and social security | 45 | €139,388 | €123,587 | -€15,801 | -11.3% |
| Taxes | 450/3 | €23,005 | €24,045 | +€1,040 | +4.5% |
| Remuneration and social security | 454/9 | €116,383 | €99,542 | -€16,841 | -14.5% |
| Accrued charges and deferred income | 492/3 | €28,043 | €85,847 | +€57,804 | +206% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €891,432 | €920,310 | +€28,878 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,185 | €26,701 | -€484 | -1.8% |
| Other operating charges | 640/8 | €973 | €1,515 | +€542 | +55.7% |
| Non-recurring operating charges | 66A | €26 | €914 | +€888 | +3,415% |
| Gross operating margin | 9900 | €927,869 | €974,346 | +€46,477 | +5.0% |
| Operating profit (loss) | 9901 | €8,253 | €24,906 | +€16,653 | +202% |
| Financial income | 75/76B | €1,453 | €1,006 | -€447 | -30.8% |
| Recurring financial income | 75 | €1,453 | €1,006 | -€447 | -30.8% |
| Financial charges | 65/66B | €384 | €392 | +€8 | +2.1% |
| Recurring financial charges | 65 | €384 | €392 | +€8 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €9,322 | €25,520 | +€16,198 | +174% |
| Profit (loss) for the period | 9904 | €9,322 | €25,520 | +€16,198 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €9,322 | €25,520 | +€16,198 | +174% |
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 23 October 2026 via checked.be.