AUDEMUS: 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.
AUDEMUS
Largest movements
- Tangible fixed assets -€32,805
down €32,805 (-7.4%), from €445,987 to €413,182
of which Land and buildings: -€29,765
- Receivables within one year -€20,794
down €20,794 (-36.4%), from €57,061 to €36,266
of which Trade receivables: -€20,807
- Cash +€5,739
up €5,739 (+14.7%), from €38,962 to €44,701
mainly Depreciation (+€37,044) and Net result for the year (+€20,923)
- Debts after one year -€33,979
down €33,979 (-11.9%), from €286,567 to €252,588
- Other debts -€29,003
down €29,003 (-98.8%), from €29,364 to €361
- Profit (loss) carried forward +€20,923
up €20,923 (+30.9%), from €67,774 to €88,698
- Gross operating margin -€5,419
down €5,419 (-6.5%), from €83,708 to €78,288
- Depreciation -€2,404
down €2,404 (-6.1%), from €39,447 to €37,044
- Taxes +€1,687
up €1,687 (+33.4%), from €5,055 to €6,742
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 | €543,612 | €495,616 | -€47,996 | -8.8% |
| Fixed assets | 21/28 | €446,629 | €413,824 | -€32,805 | -7.3% |
| Tangible fixed assets | 22/27 | €445,987 | €413,182 | -€32,805 | -7.4% |
| Land and buildings | 22 | €394,364 | €364,599 | -€29,765 | -7.5% |
| Plant, machinery and equipment | 23 | €113 | €0 | -€113 | -100% |
| Furniture and vehicles | 24 | €2,465 | €3,625 | +€1,160 | +47.1% |
| Other tangible fixed assets | 26 | €49,045 | €44,958 | -€4,087 | -8.3% |
| Financial fixed assets | 28 | €642 | €642 | = | 0.0% |
| Current assets | 29/58 | €96,983 | €81,792 | -€15,191 | -15.7% |
| Amounts receivable within one year | 40/41 | €57,061 | €36,266 | -€20,794 | -36.4% |
| Trade receivables | 40 | €57,061 | €36,254 | -€20,807 | -36.5% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €38,962 | €44,701 | +€5,739 | +14.7% |
| Deferred charges and accrued income | 490/1 | €960 | €824 | -€136 | -14.2% |
| Total equity and liabilities | 10/49 | €543,612 | €495,616 | -€47,996 | -8.8% |
| Equity | 10/15 | €106,934 | €127,858 | +€20,923 | +19.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,774 | €88,698 | +€20,923 | +30.9% |
| Amounts payable | 17/49 | €436,677 | €367,758 | -€68,919 | -15.8% |
| Amounts payable after more than one year | 17 | €286,567 | €252,588 | -€33,979 | -11.9% |
| Financial debts | 170/4 | €286,567 | €252,588 | -€33,979 | -11.9% |
| Amounts payable within one year | 42/48 | €150,110 | €115,170 | -€34,940 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €40,546 | €41,860 | +€1,314 | +3.2% |
| Financial debts | 43 | €1,755 | €0 | -€1,755 | -100% |
| Credit institutions | 430/8 | €1,755 | €0 | -€1,755 | -100% |
| Trade debts | 44 | €4,686 | €3,873 | -€813 | -17.4% |
| Suppliers | 440/4 | €4,686 | €3,873 | -€813 | -17.4% |
| Taxes, remuneration and social security | 45 | €73,759 | €69,075 | -€4,684 | -6.3% |
| Taxes | 450/3 | €16,997 | €23,715 | +€6,719 | +39.5% |
| Remuneration and social security | 454/9 | €56,762 | €45,360 | -€11,402 | -20.1% |
| Other amounts payable | 47/48 | €29,364 | €361 | -€29,003 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,447 | €37,044 | -€2,404 | -6.1% |
| Other operating charges | 640/8 | €2,548 | €2,398 | -€150 | -5.9% |
| Gross operating margin | 9900 | €83,708 | €78,288 | -€5,419 | -6.5% |
| Operating profit (loss) | 9901 | €41,713 | €38,847 | -€2,866 | -6.9% |
| Financial income | 75/76B | €184 | €379 | +€196 | +106% |
| Recurring financial income | 75 | €184 | €379 | +€196 | +106% |
| Financial charges | 65/66B | €11,229 | €11,561 | +€332 | +3.0% |
| Recurring financial charges | 65 | €11,229 | €11,561 | +€332 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €30,668 | €27,665 | -€3,002 | -9.8% |
| Income taxes | 67/77 | €5,055 | €6,742 | +€1,687 | +33.4% |
| Profit (loss) for the period | 9904 | €25,613 | €20,923 | -€4,689 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,613 | €20,923 | -€4,689 | -18.3% |
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 14 October 2026 via checked.be.