AUDE COUPE: 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.
AUDE COUPE
Largest movements
- Cash -€41,402
down €41,402 (-28.6%), from €144,740 to €103,337
mainly Contributions, distributions and other (-€172,033) and Investment in fixed assets (net) (-€79,989)
- Receivables within one year -€17,206
down €17,206 (-21.6%), from €79,647 to €62,441
of which Trade receivables: -€13,483
- Other debts +€58,283
up €58,283 (+48.8%), from €119,504 to €177,787
- Reserves -€56,348
down €56,348 (-7.7%), from €731,036 to €674,688
- Debts after one year -€50,794
down €50,794 (-10.2%), from €498,038 to €447,244
- Financial charges +€47,257
up €47,257 (+676%), from €6,989 to €54,246
- Provisions -€33,957
down €33,957 (-90.1%), from €37,680 to €3,723
- Gross operating margin +€25,664
up €25,664 (+7.6%), from €336,188 to €361,852
- Taxes +€13,313
up €13,313 (+26.6%), from €50,059 to €63,372
- Staff costs +€4,808
up €4,808 (+15.1%), from €31,928 to €36,736
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 | €1,464,190 | €1,408,811 | -€55,378 | -3.8% |
| Fixed assets | 21/28 | €1,090,516 | €1,087,552 | -€2,964 | -0.3% |
| Tangible fixed assets | 22/27 | €1,090,366 | €1,087,402 | -€2,964 | -0.3% |
| Land and buildings | 22 | €959,491 | €995,356 | +€35,865 | +3.7% |
| Plant, machinery and equipment | 23 | €78,563 | €0 | -€78,563 | -100% |
| Furniture and vehicles | 24 | €52,311 | €92,045 | +€39,734 | +76.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €373,674 | €321,260 | -€52,415 | -14.0% |
| Amounts receivable within one year | 40/41 | €79,647 | €62,441 | -€17,206 | -21.6% |
| Trade receivables | 40 | €69,360 | €55,877 | -€13,483 | -19.4% |
| Other amounts receivable | 41 | €10,287 | €6,564 | -€3,723 | -36.2% |
| Current investments | 50/53 | €148,500 | €154,502 | +€6,002 | +4.0% |
| Cash at bank and in hand | 54/58 | €144,740 | €103,337 | -€41,402 | -28.6% |
| Deferred charges and accrued income | 490/1 | €788 | €980 | +€192 | +24.3% |
| Total equity and liabilities | 10/49 | €1,464,190 | €1,408,811 | -€55,378 | -3.8% |
| Equity | 10/15 | €744,231 | €687,883 | -€56,348 | -7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €731,036 | €674,688 | -€56,348 | -7.7% |
| Distributable reserves | 133 | €731,036 | €674,688 | -€56,348 | -7.7% |
| Profit (loss) carried forward | 14 | €795 | €795 | = | 0.0% |
| Provisions and deferred taxes | 16 | €37,680 | €41,403 | +€3,723 | +9.9% |
| Provisions for liabilities and charges | 160/5 | €37,680 | €41,403 | +€3,723 | +9.9% |
| Other liabilities and charges | 164/5 | €37,680 | €41,403 | +€3,723 | +9.9% |
| Amounts payable | 17/49 | €682,279 | €679,525 | -€2,754 | -0.4% |
| Amounts payable after more than one year | 17 | €498,038 | €447,244 | -€50,794 | -10.2% |
| Financial debts | 170/4 | €498,038 | €447,244 | -€50,794 | -10.2% |
| Amounts payable within one year | 42/48 | €184,241 | €232,281 | +€48,040 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €60,527 | €50,794 | -€9,733 | -16.1% |
| Trade debts | 44 | €66 | €67 | +€1 | +2.0% |
| Suppliers | 440/4 | €66 | €67 | +€1 | +2.0% |
| Taxes, remuneration and social security | 45 | €4,144 | €3,633 | -€512 | -12.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €4,144 | €3,633 | -€512 | -12.3% |
| Other amounts payable | 47/48 | €119,504 | €177,787 | +€58,283 | +48.8% |
| Remuneration, social security and pensions | 62 | €31,928 | €36,736 | +€4,808 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,244 | €82,953 | -€3,291 | -3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €37,680 | €3,723 | -€33,957 | -90.1% |
| Other operating charges | 640/8 | €4,883 | €5,137 | +€254 | +5.2% |
| Gross operating margin | 9900 | €336,188 | €361,852 | +€25,664 | +7.6% |
| Operating profit (loss) | 9901 | €175,454 | €233,303 | +€57,850 | +33.0% |
| Financial charges | 65/66B | €6,989 | €54,246 | +€47,257 | +676% |
| Recurring financial charges | 65 | €6,989 | €54,246 | +€47,257 | +676% |
| Profit (loss) for the period before taxes | 9903 | €168,465 | €179,057 | +€10,593 | +6.3% |
| Income taxes | 67/77 | €50,059 | €63,372 | +€13,313 | +26.6% |
| Profit (loss) for the period | 9904 | €118,405 | €115,685 | -€2,720 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,405 | €115,685 | -€2,720 | -2.3% |
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 19 October 2026 via checked.be.