Audin-Rase: 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.
Audin-Rase
Largest movements
- Tangible fixed assets +€9,316
up €9,316 (+11.5%), from €80,677 to €89,993
of which Furniture and vehicles: +€13,183
- Stocks and contracts -€7,128
down €7,128 (-45.6%), from €15,640 to €8,512
- Cash -€5,859
down €5,859 (-13.7%), from €42,745 to €36,886
mainly Debts after one year (-€33,872) and Investment in fixed assets (net) (-€33,466)
- Receivables within one year +€5,285
up €5,285 (+532%), from €994 to €6,280
of which Other amounts receivable: +€3,665
- Debts after one year -€33,872
down €33,872 (-18.1%), from €187,350 to €153,478
- Other debts +€15,987
up €15,987 (+22.8%), from €70,007 to €85,994
- Profit (loss) carried forward +€14,088
up €14,088 (+12.8%), from €109,931 to €124,019
- Gross operating margin -€34,911
down €34,911 (-16.9%), from €206,885 to €171,974
- Taxes -€8,703
down €8,703 (-90.2%), from €9,650 to €947
- Staff costs -€8,607
down €8,607 (-6.1%), from €141,505 to €132,898
- Financial income -€7,316
down €7,316 (-33.2%), from €22,017 to €14,701
- Other operating charges -€2,666
down €2,666 (-69.3%), from €3,848 to €1,182
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 | €505,860 | €505,012 | -€848 | -0.2% |
| Fixed assets | 21/28 | €444,673 | €451,989 | +€7,316 | +1.6% |
| Intangible fixed assets | 21 | €13,996 | €11,996 | -€2,000 | -14.3% |
| Tangible fixed assets | 22/27 | €80,677 | €89,993 | +€9,316 | +11.5% |
| Plant, machinery and equipment | 23 | €69,481 | €65,614 | -€3,867 | -5.6% |
| Furniture and vehicles | 24 | €11,196 | €24,379 | +€13,183 | +118% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €61,187 | €53,023 | -€8,164 | -13.3% |
| Stocks and contracts in progress | 3 | €15,640 | €8,512 | -€7,128 | -45.6% |
| Stocks | 30/36 | €15,640 | €8,512 | -€7,128 | -45.6% |
| Amounts receivable within one year | 40/41 | €994 | €6,280 | +€5,285 | +532% |
| Trade receivables | 40 | €994 | €2,614 | +€1,620 | +163% |
| Other amounts receivable | 41 | €0 | €3,665 | +€3,665 | |
| Cash at bank and in hand | 54/58 | €42,745 | €36,886 | -€5,859 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,808 | €1,345 | -€463 | -25.6% |
| Total equity and liabilities | 10/49 | €505,860 | €505,012 | -€848 | -0.2% |
| Equity | 10/15 | €128,031 | €142,119 | +€14,088 | +11.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,931 | €124,019 | +€14,088 | +12.8% |
| Amounts payable | 17/49 | €377,828 | €362,893 | -€14,936 | -4.0% |
| Amounts payable after more than one year | 17 | €187,350 | €153,478 | -€33,872 | -18.1% |
| Financial debts | 170/4 | €187,350 | €153,478 | -€33,872 | -18.1% |
| Amounts payable within one year | 42/48 | €190,478 | €209,415 | +€18,936 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €59,136 | €62,044 | +€2,908 | +4.9% |
| Trade debts | 44 | €24,779 | €28,525 | +€3,746 | +15.1% |
| Suppliers | 440/4 | €24,779 | €28,525 | +€3,746 | +15.1% |
| Taxes, remuneration and social security | 45 | €36,556 | €32,852 | -€3,704 | -10.1% |
| Taxes | 450/3 | €20,573 | €15,001 | -€5,572 | -27.1% |
| Remuneration and social security | 454/9 | €15,983 | €17,850 | +€1,867 | +11.7% |
| Other amounts payable | 47/48 | €70,007 | €85,994 | +€15,987 | +22.8% |
| Remuneration, social security and pensions | 62 | €141,505 | €132,898 | -€8,607 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,033 | €26,149 | +€116 | +0.4% |
| Other operating charges | 640/8 | €3,848 | €1,182 | -€2,666 | -69.3% |
| Gross operating margin | 9900 | €206,885 | €171,974 | -€34,911 | -16.9% |
| Operating profit (loss) | 9901 | €35,499 | €11,745 | -€23,755 | -66.9% |
| Financial income | 75/76B | €22,017 | €14,701 | -€7,316 | -33.2% |
| Recurring financial income | 75 | €22,017 | €14,701 | -€7,316 | -33.2% |
| Financial charges | 65/66B | €12,851 | €11,411 | -€1,440 | -11.2% |
| Recurring financial charges | 65 | €12,851 | €11,411 | -€1,440 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €44,666 | €15,035 | -€29,631 | -66.3% |
| Income taxes | 67/77 | €9,650 | €947 | -€8,703 | -90.2% |
| Profit (loss) for the period | 9904 | €35,016 | €14,088 | -€20,928 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,016 | €14,088 | -€20,928 | -59.8% |
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 17 October 2026 via checked.be.