AUBRY: 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.
AUBRY
Largest movements
- Stocks and contracts +€265,751
up €265,751 (+88.8%), from €299,248 to €564,999
- Receivables within one year +€53,216
up €53,216 (+444%), from €11,993 to €65,209
of which Trade receivables: +€55,480
- Cash -€12,080
down €12,080 (-78.6%), from €15,373 to €3,294
mainly Stocks and contracts (-€265,751) and Receivables within one year (-€53,216)
- Current portion of long-term debt +€240,879
up €240,879 (+2,095%), from €11,500 to €252,378
- Trade debts +€58,554
up €58,554 (+510%), from €11,478 to €70,032
- Other debts +€20,559
up €20,559 (+6.7%), from €304,821 to €325,379
- Profit (loss) carried forward -€17,521
down €17,521 (-24.7%), from -€70,913 to -€88,434
- Debts after one year -€11,523
down €11,523 (-4.9%), from €234,429 to €222,906
- Gross operating margin +€96,899
up €96,899, from -€74,368 to €22,531
- Financial charges +€8,151
up €8,151 (+87.2%), from €9,343 to €17,494
- Depreciation +€5,764
up €5,764 (+33.9%), from €17,021 to €22,785
- Other operating charges -€1,706
down €1,706 (-60.2%), from €2,832 to €1,126
- Financial income +€887
up €887 (+132%), from €671 to €1,557
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 | €524,740 | €825,385 | +€300,645 | +57.3% |
| Fixed assets | 21/28 | €196,094 | €190,570 | -€5,524 | -2.8% |
| Tangible fixed assets | 22/27 | €196,094 | €190,570 | -€5,524 | -2.8% |
| Land and buildings | 22 | €170,211 | €162,129 | -€8,082 | -4.7% |
| Plant, machinery and equipment | 23 | €25,538 | €16,660 | -€8,878 | -34.8% |
| Furniture and vehicles | 24 | €344 | €11,780 | +€11,436 | +3,323% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €328,646 | €634,815 | +€306,169 | +93.2% |
| Stocks and contracts in progress | 3 | €299,248 | €564,999 | +€265,751 | +88.8% |
| Stocks | 30/36 | €299,248 | €564,999 | +€265,751 | +88.8% |
| Amounts receivable within one year | 40/41 | €11,993 | €65,209 | +€53,216 | +444% |
| Trade receivables | 40 | €3,045 | €58,525 | +€55,480 | +1,822% |
| Other amounts receivable | 41 | €8,948 | €6,684 | -€2,264 | -25.3% |
| Cash at bank and in hand | 54/58 | €15,373 | €3,294 | -€12,080 | -78.6% |
| Deferred charges and accrued income | 490/1 | €2,032 | €1,314 | -€718 | -35.3% |
| Total equity and liabilities | 10/49 | €524,740 | €825,385 | +€300,645 | +57.3% |
| Equity | 10/15 | -€37,713 | -€55,234 | -€17,521 | -46.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,913 | -€88,434 | -€17,521 | -24.7% |
| Amounts payable | 17/49 | €562,453 | €880,619 | +€318,166 | +56.6% |
| Amounts payable after more than one year | 17 | €234,429 | €222,906 | -€11,523 | -4.9% |
| Financial debts | 170/4 | €234,429 | €222,906 | -€11,523 | -4.9% |
| Amounts payable within one year | 42/48 | €328,024 | €657,713 | +€329,690 | +101% |
| Current portion of amounts payable after more than one year | 42 | €11,500 | €252,378 | +€240,879 | +2,095% |
| Trade debts | 44 | €11,478 | €70,032 | +€58,554 | +510% |
| Suppliers | 440/4 | €11,478 | €70,032 | +€58,554 | +510% |
| Taxes, remuneration and social security | 45 | €226 | €9,924 | +€9,698 | +4,294% |
| Taxes | 450/3 | €226 | €9,924 | +€9,698 | +4,294% |
| Other amounts payable | 47/48 | €304,821 | €325,379 | +€20,559 | +6.7% |
| Non-recurring operating income | 76A | €3,719 | - | -€3,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,021 | €22,785 | +€5,764 | +33.9% |
| Other operating charges | 640/8 | €2,832 | €1,126 | -€1,706 | -60.2% |
| Gross operating margin | 9900 | -€74,368 | €22,531 | +€96,899 | |
| Operating profit (loss) | 9901 | -€94,221 | -€1,381 | +€92,840 | +98.5% |
| Financial income | 75/76B | €671 | €1,557 | +€887 | +132% |
| Recurring financial income | 75 | €671 | €1,557 | +€887 | +132% |
| Financial charges | 65/66B | €9,343 | €17,494 | +€8,151 | +87.2% |
| Recurring financial charges | 65 | €9,343 | €17,494 | +€8,151 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | -€102,894 | -€17,317 | +€85,576 | +83.2% |
| Income taxes | 67/77 | €226 | €204 | -€22 | -9.8% |
| Profit (loss) for the period | 9904 | -€103,119 | -€17,521 | +€85,598 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,119 | -€17,521 | +€85,598 | +83.0% |
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 24 October 2026 via checked.be.