AUDENAERDT STEFAN: what changed
AUDENAERDT STEFAN
Largest movements
- Cash -€99,251
down €99,251 (-98.1%), from €101,200 to €1,948
mainly Net result for the year (-€135,966) and Debts after one year (-€120,112)
- Tangible fixed assets -€62,093
down €62,093 (-4.0%), from €1.6m to €1.5m
of which Land and buildings: -€61,743
- Receivables within one year -€23,688
down €23,688 (-97.8%), from €24,212 to €523
- Receivables after one year -€20,368
down €20,368 (-13.0%), from €156,708 to €136,340
- Reserves -€135,966
down €135,966 (-8.7%), from €1.6m to €1.4m
of which Distributable reserves: -€133,604
- Debts after one year -€120,112
down €120,112 (-50.4%), from €238,521 to €118,409
of which Financial debts: -€124,412
- Current portion of long-term debt +€44,477
up €44,477 (+417%), from €10,656 to €55,132
- Gross operating margin -€15,846
down €15,846 (-74.3%), from -€21,324 to -€37,170
- Other operating charges +€5,428
up €5,428 (+131%), from €4,153 to €9,581
- Financial income -€3,765
down €3,765 (-35.5%), from €10,601 to €6,836
- Financial charges +€1,586
up €1,586 (+13.4%), from €11,811 to €13,398
- Depreciation -€1,507
down €1,507 (-1.8%), from €84,300 to €82,792
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,855,571 | €1,645,273 | -€210,297 | -11.3% |
| Fixed assets | 21/28 | €1,567,170 | €1,505,077 | -€62,093 | -4.0% |
| Tangible fixed assets | 22/27 | €1,567,170 | €1,505,077 | -€62,093 | -4.0% |
| Land and buildings | 22 | €1,566,745 | €1,505,002 | -€61,743 | -3.9% |
| Plant, machinery and equipment | 23 | €375 | €75 | -€300 | -80.0% |
| Furniture and vehicles | 24 | €50 | - | -€50 | |
| Current assets | 29/58 | €288,401 | €140,196 | -€148,204 | -51.4% |
| Amounts receivable after more than one year | 29 | €156,708 | €136,340 | -€20,368 | -13.0% |
| Other amounts receivable | 291 | €156,708 | €136,340 | -€20,368 | -13.0% |
| Amounts receivable within one year | 40/41 | €24,212 | €523 | -€23,688 | -97.8% |
| Other amounts receivable | 41 | €24,212 | €523 | -€23,688 | -97.8% |
| Cash at bank and in hand | 54/58 | €101,200 | €1,948 | -€99,251 | -98.1% |
| Deferred charges and accrued income | 490/1 | €6,281 | €1,385 | -€4,896 | -78.0% |
| Total equity and liabilities | 10/49 | €1,855,571 | €1,645,273 | -€210,297 | -11.3% |
| Equity | 10/15 | €1,585,036 | €1,449,070 | -€135,966 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,566,436 | €1,430,470 | -€135,966 | -8.7% |
| 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 | €50,192 | €47,830 | -€2,362 | -4.7% |
| Distributable reserves | 133 | €1,514,385 | €1,380,781 | -€133,604 | -8.8% |
| Provisions and deferred taxes | 16 | €16,731 | €15,943 | -€787 | -4.7% |
| Deferred taxes | 168 | €16,731 | €15,943 | -€787 | -4.7% |
| Amounts payable | 17/49 | €253,804 | €180,260 | -€73,544 | -29.0% |
| Amounts payable after more than one year | 17 | €238,521 | €118,409 | -€120,112 | -50.4% |
| Financial debts | 170/4 | €238,521 | €114,109 | -€124,412 | -52.2% |
| Other amounts payable | 178/9 | - | €4,300 | +€4,300 | |
| Amounts payable within one year | 42/48 | €12,847 | €59,338 | +€46,491 | +362% |
| Current portion of amounts payable after more than one year | 42 | €10,656 | €55,132 | +€44,477 | +417% |
| Trade debts | 44 | €41 | €784 | +€743 | +1,808% |
| Suppliers | 440/4 | €41 | €784 | +€743 | +1,808% |
| Taxes, remuneration and social security | 45 | - | €1,271 | +€1,271 | |
| Taxes | 450/3 | - | €1,271 | +€1,271 | |
| Other amounts payable | 47/48 | €2,150 | €2,150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,437 | €2,514 | +€77 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,300 | €82,792 | -€1,507 | -1.8% |
| Other operating charges | 640/8 | €4,153 | €9,581 | +€5,428 | +131% |
| Gross operating margin | 9900 | -€21,324 | -€37,170 | -€15,846 | -74.3% |
| Operating profit (loss) | 9901 | -€109,776 | -€129,544 | -€19,767 | -18.0% |
| Financial income | 75/76B | €10,601 | €6,836 | -€3,765 | -35.5% |
| Recurring financial income | 75 | €10,601 | €6,836 | -€3,765 | -35.5% |
| Financial charges | 65/66B | €11,811 | €13,398 | +€1,586 | +13.4% |
| Recurring financial charges | 65 | €11,811 | €13,398 | +€1,586 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€110,986 | -€136,106 | -€25,119 | -22.6% |
| Transfer from deferred taxes | 780 | €787 | €787 | = | 0.0% |
| Income taxes | 67/77 | €577 | €648 | +€71 | +12.3% |
| Profit (loss) for the period | 9904 | -€110,776 | -€135,966 | -€25,190 | -22.7% |
| Transfer from tax-exempt reserves | 789 | €2,362 | €2,362 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,414 | -€133,604 | -€25,190 | -23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.