AUAR: what changed
Two fiscal 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.
AUAR
Largest movements
- Receivables within one year -€35,523
down €35,523 (-75.5%), from €47,072 to €11,549
of which Trade receivables: -€35,525
- Cash +€8,368
up €8,368 (+1383.5%), from €605 to €8,973
mainly Net result for the year (+€42,647) and Receivables within one year (+€35,523)
- Tangible fixed assets -€8,307
down €8,307 (-25.7%), from €32,339 to €24,032
of which Leasing and similar rights: -€7,293
- Formation expenses -€1,658
down €1,658 (-27.8%), from €5,970 to €4,313
- Debts after one year -€46,346
down €46,346 (-75.2%), from €61,603 to €15,258
- Profit (loss) carried forward +€42,647
up €42,647 (+29.3%), from -€145,625 to -€102,978
- Current portion of long-term debt -€17,676
down €17,676 (-29.3%), from €60,302 to €42,627
- Trade debts -€8,456
down €8,456 (-76.9%), from €10,993 to €2,537
- Tax, wage and social debts -€4,102
down €4,102 (-18.9%), from €21,702 to €17,600
of which Remuneration and social security: -€3,211
- Gross operating margin +€44,868
up €44,868 (+52.0%), from €86,335 to €131,203
- Staff costs -€40,702
down €40,702 (-36.4%), from €111,940 to €71,238
- Financial income +€2,054
up €2,054 (+11062.8%), from €19 to €2,073
- Financial charges -€1,597
down €1,597 (-23.0%), from €6,941 to €5,343
- Depreciation -€1,548
down €1,548 (-13.4%), from €11,512 to €9,965
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 | €86,125 | €49,395 | -€36,729 | -42.6% |
| Formation expenses | 20 | €5,970 | €4,313 | -€1,658 | -27.8% |
| Fixed assets | 21/28 | €32,339 | €24,032 | -€8,307 | -25.7% |
| Tangible fixed assets | 22/27 | €32,339 | €24,032 | -€8,307 | -25.7% |
| Plant, machinery and equipment | 23 | €4,492 | €3,478 | -€1,014 | -22.6% |
| Leasing and similar rights | 25 | €27,848 | €20,555 | -€7,293 | -26.2% |
| Current assets | 29/58 | €47,815 | €21,051 | -€26,765 | -56.0% |
| Amounts receivable within one year | 40/41 | €47,072 | €11,549 | -€35,523 | -75.5% |
| Trade receivables | 40 | €47,069 | €11,544 | -€35,525 | -75.5% |
| Other amounts receivable | 41 | €4 | €5 | +€1 | +38.5% |
| Cash at bank and in hand | 54/58 | €605 | €8,973 | +€8,368 | +1383.5% |
| Deferred charges and accrued income | 490/1 | €138 | €529 | +€391 | +283.2% |
| Total equity and liabilities | 10/49 | €86,125 | €49,395 | -€36,729 | -42.6% |
| Equity | 10/15 | -€120,625 | -€77,978 | +€42,647 | +35.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,625 | -€102,978 | +€42,647 | +29.3% |
| Amounts payable | 17/49 | €206,749 | €127,374 | -€79,376 | -38.4% |
| Amounts payable after more than one year | 17 | €61,603 | €15,258 | -€46,346 | -75.2% |
| Financial debts | 170/4 | €61,603 | €15,258 | -€46,346 | -75.2% |
| Amounts payable within one year | 42/48 | €143,963 | €111,351 | -€32,612 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €60,302 | €42,627 | -€17,676 | -29.3% |
| Trade debts | 44 | €10,993 | €2,537 | -€8,456 | -76.9% |
| Suppliers | 440/4 | €10,993 | €2,537 | -€8,456 | -76.9% |
| Taxes, remuneration and social security | 45 | €21,702 | €17,600 | -€4,102 | -18.9% |
| Taxes | 450/3 | €5,310 | €4,419 | -€891 | -16.8% |
| Remuneration and social security | 454/9 | €16,392 | €13,181 | -€3,211 | -19.6% |
| Other amounts payable | 47/48 | €50,965 | €48,587 | -€2,378 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,183 | €765 | -€419 | -35.4% |
| Remuneration, social security and pensions | 62 | €111,940 | €71,238 | -€40,702 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,512 | €9,965 | -€1,548 | -13.4% |
| Other operating charges | 640/8 | €3,670 | €3,909 | +€239 | +6.5% |
| Non-recurring operating charges | 66A | €97,694 | €0 | -€97,694 | -100.0% |
| Gross operating margin | 9900 | €86,335 | €131,203 | +€44,868 | +52.0% |
| Operating profit (loss) | 9901 | -€138,481 | €46,092 | +€184,573 | |
| Financial income | 75/76B | €19 | €2,073 | +€2,054 | +11062.8% |
| Recurring financial income | 75 | €19 | €2,073 | +€2,054 | +11062.8% |
| Financial charges | 65/66B | €6,941 | €5,343 | -€1,597 | -23.0% |
| Recurring financial charges | 65 | €6,941 | €5,343 | -€1,597 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€145,403 | €42,822 | +€188,225 | |
| Income taxes | 67/77 | €221 | €175 | -€46 | -20.8% |
| Profit (loss) for the period | 9904 | -€145,625 | €42,647 | +€188,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€145,625 | €42,647 | +€188,271 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.