AU POINT: 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 POINT
Largest movements
- Tangible fixed assets -€940,342
down €940,342 (-80.7%), from €1.2m to €225,583
of which Land and buildings: -€939,559
- Receivables within one year +€313,607
up €313,607 (+147%), from €212,649 to €526,256
of which Other amounts receivable: +€197,655
- Cash +€210,538
up €210,538 (+115,350%), from €183 to €210,720
mainly Investment in fixed assets (net) (+€928,700) and Net result for the year (+€216,355)
- Deferred charges and accrued income +€30,884
up €30,884 (+682%), from €4,526 to €35,409
- Debts after one year -€297,500
down €297,500 (-78.3%), from €379,900 to €82,400
of which Financial debts: -€255,100
- Short-term financial debts -€102,316
no longer reported in 2025 (was €102,316)
- Provisions +€84,851
up €84,851 (+902%), from €9,403 to €94,254
- Current portion of long-term debt -€75,074
no longer reported in 2025 (was €75,074)
- Other debts +€68,652
up €68,652 (+52.3%), from €131,348 to €200,000
- Gross operating margin +€292,038
up €292,038 (+231%), from €126,653 to €418,690
- Depreciation -€44,895
down €44,895 (-79.4%), from €56,537 to €11,641
- Other operating charges +€30,438
up €30,438 (+156%), from €19,538 to €49,977
- Financial charges +€20,423
up €20,423 (+59.1%), from €34,557 to €54,980
- Staff costs -€15,021
down €15,021 (-93.6%), from €16,055 to €1,035
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 | €1,383,282 | €997,969 | -€385,313 | -27.9% |
| Fixed assets | 21/28 | €1,165,925 | €225,583 | -€940,342 | -80.7% |
| Tangible fixed assets | 22/27 | €1,165,925 | €225,583 | -€940,342 | -80.7% |
| Land and buildings | 22 | €1,161,190 | €221,632 | -€939,559 | -80.9% |
| Plant, machinery and equipment | 23 | €352 | €48 | -€304 | -86.5% |
| Furniture and vehicles | 24 | €4,382 | €2,978 | -€1,405 | -32.1% |
| Leasing and similar rights | 25 | - | €926 | +€926 | |
| Current assets | 29/58 | €217,357 | €772,385 | +€555,029 | +255% |
| Amounts receivable within one year | 40/41 | €212,649 | €526,256 | +€313,607 | +147% |
| Trade receivables | 40 | €155,067 | €271,019 | +€115,952 | +74.8% |
| Other amounts receivable | 41 | €57,582 | €255,237 | +€197,655 | +343% |
| Cash at bank and in hand | 54/58 | €183 | €210,720 | +€210,538 | +115,350% |
| Deferred charges and accrued income | 490/1 | €4,526 | €35,409 | +€30,884 | +682% |
| Total equity and liabilities | 10/49 | €1,383,282 | €997,969 | -€385,313 | -27.9% |
| Equity | 10/15 | €582,990 | €552,185 | -€30,805 | -5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €435,425 | €489,977 | +€54,553 | +12.5% |
| Tax-exempt reserves | 132 | €72,384 | €326,936 | +€254,553 | +352% |
| Distributable reserves | 133 | €363,041 | €163,041 | -€200,000 | -55.1% |
| Profit (loss) carried forward | 14 | €81,813 | €43,616 | -€38,197 | -46.7% |
| Investment grants | 15 | €47,160 | - | -€47,160 | |
| Provisions and deferred taxes | 16 | €9,403 | €94,254 | +€84,851 | +902% |
| Deferred taxes | 168 | €9,403 | €94,254 | +€84,851 | +902% |
| Amounts payable | 17/49 | €790,889 | €351,530 | -€439,359 | -55.6% |
| Amounts payable after more than one year | 17 | €379,900 | €82,400 | -€297,500 | -78.3% |
| Financial debts | 170/4 | €255,100 | - | -€255,100 | |
| Other amounts payable | 178/9 | €124,800 | €82,400 | -€42,400 | -34.0% |
| Amounts payable within one year | 42/48 | €397,489 | €269,130 | -€128,359 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €75,074 | - | -€75,074 | |
| Financial debts | 43 | €102,316 | - | -€102,316 | |
| Credit institutions | 430/8 | €102,316 | - | -€102,316 | |
| Trade debts | 44 | €80,942 | €68,365 | -€12,577 | -15.5% |
| Suppliers | 440/4 | €80,942 | €68,365 | -€12,577 | -15.5% |
| Taxes, remuneration and social security | 45 | €7,809 | €765 | -€7,044 | -90.2% |
| Taxes | 450/3 | €6,677 | €765 | -€5,912 | -88.5% |
| Remuneration and social security | 454/9 | €1,132 | - | -€1,132 | |
| Other amounts payable | 47/48 | €131,348 | €200,000 | +€68,652 | +52.3% |
| Accrued charges and deferred income | 492/3 | €13,500 | - | -€13,500 | |
| Remuneration, social security and pensions | 62 | €16,055 | €1,035 | -€15,021 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,537 | €11,641 | -€44,895 | -79.4% |
| Other operating charges | 640/8 | €19,538 | €49,977 | +€30,438 | +156% |
| Gross operating margin | 9900 | €126,653 | €418,690 | +€292,038 | +231% |
| Operating profit (loss) | 9901 | €34,522 | €356,038 | +€321,516 | +931% |
| Financial income | 75/76B | €394 | €3,419 | +€3,025 | +768% |
| Recurring financial income | 75 | €394 | €3,419 | +€3,025 | +768% |
| Financial charges | 65/66B | €34,557 | €54,980 | +€20,423 | +59.1% |
| Recurring financial charges | 65 | €34,557 | €54,980 | +€20,423 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €359 | €304,478 | +€304,118 | +84,644% |
| Transfer from deferred taxes | 780 | €1,881 | €9,403 | +€7,522 | +400% |
| Transfer to deferred taxes | 680 | - | €94,254 | +€94,254 | |
| Income taxes | 67/77 | €5,521 | €3,271 | -€2,250 | -40.7% |
| Profit (loss) for the period | 9904 | -€3,281 | €216,355 | +€219,636 | |
| Transfer from tax-exempt reserves | 789 | €5,642 | €28,208 | +€22,566 | +400% |
| Transfer to tax-exempt reserves | 689 | - | €282,761 | +€282,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,361 | -€38,197 | -€40,558 |
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.