AUBELCOM: 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.
What changed
AUBELCOM
NACE 77.221, Rental and leasing activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3,530
2023 · €17,207-€13,676
Equity
€205,864
2023 · €202,333+€3,530
Cash
€34,450
2023 · €22,286+€12,164
Balance sheet total
€731,054
2023 · €744,748-€13,694
Largest movements
Assets
- Tangible fixed assets -€23,044
down €23,044 (-3.3%), from €702,674 to €679,630
- Cash +€12,164
up €12,164 (+54.6%), from €22,286 to €34,450
mainly Depreciation (+€32,893) and Advances received (+€8,000)
Equity and liabilities
- Debts after one year -€25,063
down €25,063 (-22.1%), from €113,597 to €88,535
- Advances received +€8,000
new in 2024: €8,000
Income statement
- Gross operating margin -€9,489
down €9,489 (-18.5%), from €51,160 to €41,671
- Taxes +€6,526
up €6,526 (+393156.0%), from €2 to €6,528
- Other operating charges -€1,426
down €1,426 (-69.9%), from €2,039 to €613
- Financial charges -€1,397
down €1,397 (-23.5%), from €5,955 to €4,558
From the 2023 result to the 2024 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.
Result 2023
€17,207
Gross operating margin
-€9,489
Depreciation
-€448
Other operating charges
+€1,426
Financial income
-€36
Financial charges
+€1,397
Taxes
-€6,526
Result 2024
€3,530
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€46,042
Investment
-€9,872
Financing
-€24,006
Cash 2023
€22,286
From operations (derived)
+€46,042
Net result for the year
+€3,530
Depreciation
+€32,893
Receivables within one year
+€3,108
Deferred charges and accrued income
-€271
Provisions
-€6,450
Trade debts
+€7,175
Tax, wage and social debts
+€2,291
Advances received
+€8,000
Other debts
-€4,472
Accrued charges and deferred income
+€239
Investment (derived)
-€9,872
Investment in fixed assets (net)
-€9,849
Current investments
-€22
Financing
-€24,006
Debts after one year
-€25,063
Current portion of long-term debt
+€1,056
Cash 2024
€34,450
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €744,748 | €731,054 | -€13,694 | -1.8% |
| Fixed assets | 21/28 | €703,746 | €680,703 | -€23,044 | -3.3% |
| Tangible fixed assets | 22/27 | €702,674 | €679,630 | -€23,044 | -3.3% |
| Land and buildings | 22 | €702,674 | €679,630 | -€23,044 | -3.3% |
| Financial fixed assets | 28 | €1,072 | €1,072 | = | 0.0% |
| Current assets | 29/58 | €41,001 | €50,351 | +€9,350 | +22.8% |
| Amounts receivable within one year | 40/41 | €3,108 | €0 | -€3,108 | -100.0% |
| Trade receivables | 40 | €2,418 | €0 | -€2,418 | -100.0% |
| Other amounts receivable | 41 | €689 | €0 | -€689 | -100.0% |
| Current investments | 50/53 | €11,860 | €11,882 | +€22 | +0.2% |
| Cash at bank and in hand | 54/58 | €22,286 | €34,450 | +€12,164 | +54.6% |
| Deferred charges and accrued income | 490/1 | €3,748 | €4,019 | +€271 | +7.2% |
| Total equity and liabilities | 10/49 | €744,748 | €731,054 | -€13,694 | -1.8% |
| Equity | 10/15 | €202,333 | €205,864 | +€3,530 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,176 | €150,707 | +€3,530 | +2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €145,316 | €125,803 | -€19,513 | -13.4% |
| Distributable reserves | 133 | €1,860 | €24,903 | +€23,043 | +1238.9% |
| Profit (loss) carried forward | 14 | €36,557 | €36,557 | = | 0.0% |
| Provisions and deferred taxes | 16 | €156,827 | €150,377 | -€6,450 | -4.1% |
| Deferred taxes | 168 | €156,827 | €150,377 | -€6,450 | -4.1% |
| Amounts payable | 17/49 | €385,587 | €374,813 | -€10,774 | -2.8% |
| Amounts payable after more than one year | 17 | €113,597 | €88,535 | -€25,063 | -22.1% |
| Financial debts | 170/4 | €113,597 | €88,535 | -€25,063 | -22.1% |
| Amounts payable within one year | 42/48 | €271,371 | €285,421 | +€14,049 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €25,742 | €26,798 | +€1,056 | +4.1% |
| Trade debts | 44 | €14,482 | €21,657 | +€7,175 | +49.5% |
| Suppliers | 440/4 | €14,482 | €21,657 | +€7,175 | +49.5% |
| Advances received on contracts in progress | 46 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €0 | €2,291 | +€2,291 | |
| Taxes | 450/3 | €0 | €2,291 | +€2,291 | |
| Other amounts payable | 47/48 | €231,147 | €226,675 | -€4,472 | -1.9% |
| Accrued charges and deferred income | 492/3 | €618 | €857 | +€239 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,445 | €32,893 | +€448 | +1.4% |
| Other operating charges | 640/8 | €2,039 | €613 | -€1,426 | -69.9% |
| Gross operating margin | 9900 | €51,160 | €41,671 | -€9,489 | -18.5% |
| Operating profit (loss) | 9901 | €16,676 | €8,165 | -€8,511 | -51.0% |
| Financial income | 75/76B | €37 | €1 | -€36 | -97.5% |
| Recurring financial income | 75 | €37 | €1 | -€36 | -97.5% |
| Financial charges | 65/66B | €5,955 | €4,558 | -€1,397 | -23.5% |
| Recurring financial charges | 65 | €5,955 | €4,558 | -€1,397 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €10,758 | €3,608 | -€7,150 | -66.5% |
| Transfer from deferred taxes | 780 | €6,450 | €6,450 | -€0 | 0.0% |
| Income taxes | 67/77 | €2 | €6,528 | +€6,526 | +393156.0% |
| Profit (loss) for the period | 9904 | €17,207 | €3,530 | -€13,676 | -79.5% |
| Transfer from tax-exempt reserves | 789 | €19,350 | €19,350 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,557 | €22,880 | -€13,677 | -37.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.