AUDEBO: 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.
What changed
AUDEBO
NACE 42.212, Civil engineering
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€272,125
2024 · €432,328-€160,204
Equity
€3.1m
2024 · €3.0m+€72,125
Cash
€308,115
2024 · €861,896-€553,781
Balance sheet total
€7.0m
2024 · €6.1m+€867,122
Largest movements
Assets
- Receivables within one year +€810,316
up €810,316 (+20.5%), from €4.0m to €4.8m
of which Trade receivables: +€511,692
- Cash -€553,781
down €553,781 (-64.3%), from €861,896 to €308,115
mainly Receivables within one year (-€810,316) and Investment in fixed assets (net) (-€717,247)
- Tangible fixed assets +€377,879
up €377,879 (+56.5%), from €669,362 to €1.0m
of which Other tangible fixed assets: +€291,622
- Stocks and contracts +€131,067
up €131,067 (+55.3%), from €237,045 to €368,112
Equity and liabilities
- Advances received +€529,952
new in 2025: €529,952
- Other debts -€255,000
down €255,000 (-56.0%), from €455,731 to €200,731
- Trade debts +€158,249
up €158,249 (+8.6%), from €1.8m to €2.0m
- Short-term financial debts +€156,742
up €156,742 (+188%), from €83,559 to €240,300
- Debts after one year +€136,510
up €136,510 (+2,653%), from €5,146 to €141,657
Income statement
- Turnover +€2.4m
up €2.4m (+23.2%), from €10.5m to €13.0m
- Goods and materials +€1.8m
up €1.8m (+33.1%), from €5.4m to €7.1m
of which Purchases: +€1.9m
- Staff costs +€554,362
up €554,362 (+28.9%), from €1.9m to €2.5m
- Services and other goods +€339,760
up €339,760 (+14.0%), from €2.4m to €2.8m
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.
Result 2024
€432,328
Turnover
+€2.4m
Other operating income
+€25,376
Goods and materials
-€1.8m
Services and other goods
-€339,760
Staff costs
-€554,362
Depreciation
-€33,547
Provisions
-€11,150
Other operating charges
+€11,631
Other operating items
+€28,386
Financial income
-€106
Financial charges
-€13,181
Taxes
+€70,521
Deferred taxes and other
-€17,446
Result 2025
€272,125
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€58,581
Investment
-€717,247
Financing
+€104,885
Cash 2024
€861,896
From operations (derived)
+€58,581
Net result for the year
+€272,125
Depreciation
+€304,135
Stocks and contracts
-€131,067
Receivables within one year
-€810,316
Deferred charges and accrued income
-€66,408
Provisions
+€19,560
Trade debts
+€158,249
Tax, wage and social debts
+€9,694
Advances received
+€529,952
Other debts
-€255,000
Accrued charges and deferred income
+€27,657
Investment (derived)
-€717,247
Investment in fixed assets (net)
-€717,247
Financing
+€104,885
Debts after one year
+€136,510
Current portion of long-term debt
+€11,633
Short-term financial debts
+€156,742
Contributions, distributions and other
-€200,000
Cash 2025
€308,115
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,138,609 | €7,005,730 | +€867,122 | +14.1% |
| Fixed assets | 21/28 | €1,009,265 | €1,422,377 | +€413,112 | +40.9% |
| Intangible fixed assets | 21 | €1,067 | €35,687 | +€34,620 | +3,246% |
| Tangible fixed assets | 22/27 | €669,362 | €1,047,241 | +€377,879 | +56.5% |
| Plant, machinery and equipment | 23 | €306,799 | €332,055 | +€25,256 | +8.2% |
| Furniture and vehicles | 24 | €199,786 | €260,787 | +€61,000 | +30.5% |
| Other tangible fixed assets | 26 | €162,776 | €454,399 | +€291,622 | +179% |
| Financial fixed assets | 28 | €338,836 | €339,450 | +€613 | +0.2% |
| Other financial fixed assets | 284/8 | €338,836 | €339,450 | +€613 | +0.2% |
| Shares | 284 | €17,950 | €17,950 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €320,886 | €321,500 | +€613 | +0.2% |
| Current assets | 29/58 | €5,129,344 | €5,583,353 | +€454,009 | +8.9% |
| Stocks and contracts in progress | 3 | €237,045 | €368,112 | +€131,067 | +55.3% |
| Stocks | 30/36 | €237,045 | €368,112 | +€131,067 | +55.3% |
| Raw materials and consumables | 30/31 | €237,045 | €368,112 | +€131,067 | +55.3% |
| Amounts receivable within one year | 40/41 | €3,952,767 | €4,763,082 | +€810,316 | +20.5% |
| Trade receivables | 40 | €3,709,517 | €4,221,209 | +€511,692 | +13.8% |
| Other amounts receivable | 41 | €243,250 | €541,874 | +€298,624 | +123% |
| Cash at bank and in hand | 54/58 | €861,896 | €308,115 | -€553,781 | -64.3% |
| Deferred charges and accrued income | 490/1 | €77,635 | €144,043 | +€66,408 | +85.5% |
| Total equity and liabilities | 10/49 | €6,138,609 | €7,005,730 | +€867,122 | +14.1% |
| Equity | 10/15 | €3,032,626 | €3,104,751 | +€72,125 | +2.4% |
| Contributions | 10/11 | €840,000 | €840,000 | = | 0.0% |
| Capital | 10 | €840,000 | €840,000 | = | 0.0% |
| Issued capital | 100 | €840,000 | €840,000 | = | 0.0% |
| Reserves | 13 | €2,190,430 | €2,263,766 | +€73,335 | +3.3% |
| Non-distributable reserves | 130/1 | €84,000 | €84,000 | = | 0.0% |
| Legal reserve | 130 | €84,000 | €84,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,430 | €22,766 | +€17,335 | +319% |
| Distributable reserves | 133 | €2,101,000 | €2,157,000 | +€56,000 | +2.7% |
| Profit (loss) carried forward | 14 | €2,196 | €985 | -€1,210 | -55.1% |
| Provisions and deferred taxes | 16 | €303,762 | €323,322 | +€19,560 | +6.4% |
| Provisions for liabilities and charges | 160/5 | €301,481 | €315,734 | +€14,253 | +4.7% |
| Other liabilities and charges | 164/5 | €301,481 | €315,734 | +€14,253 | +4.7% |
| Deferred taxes | 168 | €2,281 | €7,589 | +€5,308 | +233% |
| Amounts payable | 17/49 | €2,802,220 | €3,577,657 | +€775,437 | +27.7% |
| Amounts payable after more than one year | 17 | €5,146 | €141,657 | +€136,510 | +2,653% |
| Financial debts | 170/4 | €5,146 | €141,657 | +€136,510 | +2,653% |
| Credit institutions | 173 | €5,146 | €141,657 | +€136,510 | +2,653% |
| Amounts payable within one year | 42/48 | €2,749,783 | €3,361,052 | +€611,270 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €10,063 | €21,696 | +€11,633 | +116% |
| Financial debts | 43 | €83,559 | €240,300 | +€156,742 | +188% |
| Credit institutions | 430/8 | €83,559 | €240,300 | +€156,742 | +188% |
| Trade debts | 44 | €1,833,238 | €1,991,487 | +€158,249 | +8.6% |
| Suppliers | 440/4 | €1,833,238 | €1,991,487 | +€158,249 | +8.6% |
| Advances received on contracts in progress | 46 | - | €529,952 | +€529,952 | |
| Taxes, remuneration and social security | 45 | €367,192 | €376,886 | +€9,694 | +2.6% |
| Taxes | 450/3 | €90,802 | €29,349 | -€61,454 | -67.7% |
| Remuneration and social security | 454/9 | €276,390 | €347,538 | +€71,148 | +25.7% |
| Other amounts payable | 47/48 | €455,731 | €200,731 | -€255,000 | -56.0% |
| Accrued charges and deferred income | 492/3 | €47,291 | €74,948 | +€27,657 | +58.5% |
| Operating income | 70/76A | €10,652,559 | €13,155,638 | +€2.5m | +23.5% |
| Turnover | 70 | €10,540,363 | €12,989,679 | +€2.4m | +23.2% |
| Own construction capitalised | 72 | - | €12,800 | +€12,800 | |
| Other operating income | 74 | €112,196 | €137,573 | +€25,376 | +22.6% |
| Non-recurring operating income | 76A | - | €15,586 | +€15,586 | |
| Operating charges | 60/66A | €10,019,422 | €12,722,491 | +€2.7m | +27.0% |
| Goods for resale, raw materials and consumables | 60 | €5,357,120 | €7,133,000 | +€1.8m | +33.1% |
| Purchases | 600/8 | €5,411,742 | €7,264,067 | +€1.9m | +34.2% |
| Change in stocks: decrease (increase) | 609 | -€54,622 | -€131,067 | -€76,445 | -140% |
| Services and other goods | 61 | €2,426,052 | €2,765,812 | +€339,760 | +14.0% |
| Remuneration, social security and pensions | 62 | €1,915,643 | €2,470,005 | +€554,362 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,587 | €304,135 | +€33,547 | +12.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,103 | €14,253 | +€11,150 | +359% |
| Other operating charges | 640/8 | €46,918 | €35,287 | -€11,631 | -24.8% |
| Operating profit (loss) | 9901 | €633,137 | €433,147 | -€199,990 | -31.6% |
| Financial income | 75/76B | €29,840 | €29,734 | -€106 | -0.4% |
| Recurring financial income | 75 | €29,840 | €29,734 | -€106 | -0.4% |
| Income from current assets | 751 | €17,137 | €12,662 | -€4,476 | -26.1% |
| Other financial income | 752/9 | €12,703 | €17,072 | +€4,369 | +34.4% |
| Financial charges | 65/66B | €67,022 | €80,203 | +€13,181 | +19.7% |
| Recurring financial charges | 65 | €67,022 | €80,203 | +€13,181 | +19.7% |
| Debt charges | 650 | €64,067 | €54,171 | -€9,897 | -15.4% |
| Other financial charges | 652/9 | €2,954 | €26,032 | +€23,078 | +781% |
| Profit (loss) for the period before taxes | 9903 | €595,955 | €382,677 | -€213,278 | -35.8% |
| Transfer from deferred taxes | 780 | €12,139 | €2,442 | -€9,696 | -79.9% |
| Transfer to deferred taxes | 680 | - | €7,750 | +€7,750 | |
| Income taxes | 67/77 | €175,766 | €105,245 | -€70,521 | -40.1% |
| Taxes | 670/3 | €175,766 | €105,245 | -€70,521 | -40.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €432,328 | €272,125 | -€160,204 | -37.1% |
| Transfer from tax-exempt reserves | 789 | €28,899 | €5,915 | -€22,984 | -79.5% |
| Transfer to tax-exempt reserves | 689 | - | €23,250 | +€23,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €461,227 | €254,790 | -€206,437 | -44.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.