AUDREL: what changed
Two fiscal 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.
AUDREL
Largest movements
- Tangible fixed assets +€24,426
up €24,426 (+20.2%), from €120,643 to €145,069
of which Land and buildings: +€26,565
- Receivables within one year +€6,670
up €6,670 (+59.1%), from €11,292 to €17,962
of which Other amounts receivable: +€6,291
- Profit (loss) carried forward +€11,871
up €11,871, from -€6,190 to €5,681
- Debts after one year +€8,719
up €8,719 (+11.2%), from €78,149 to €86,867
- Tax, wage and social debts +€7,098
up €7,098 (+78.6%), from €9,030 to €16,128
of which Taxes: +€4,098
- Current portion of long-term debt +€2,181
new in 2025: €2,181
- Gross operating margin +€14,921
up €14,921 (+73.4%), from €20,329 to €35,250
- Other operating charges +€1,001
up €1,001 (+42.2%), from €2,373 to €3,374
- Financial charges +€464
up €464 (+4.8%), from €9,624 to €10,088
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.
Cash bridge derived
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 | €135,675 | €167,781 | +€32,106 | +23.7% |
| Fixed assets | 21/28 | €120,913 | €145,339 | +€24,426 | +20.2% |
| Tangible fixed assets | 22/27 | €120,643 | €145,069 | +€24,426 | +20.2% |
| Land and buildings | 22 | €111,868 | €138,434 | +€26,565 | +23.7% |
| Plant, machinery and equipment | 23 | €8,515 | €6,557 | -€1,958 | -23.0% |
| Furniture and vehicles | 24 | €259 | €78 | -€181 | -69.9% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €14,762 | €22,443 | +€7,680 | +52.0% |
| Stocks and contracts in progress | 3 | €303 | €303 | = | 0.0% |
| Stocks | 30/36 | €303 | €303 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,292 | €17,962 | +€6,670 | +59.1% |
| Trade receivables | 40 | €664 | €1,043 | +€379 | +57.0% |
| Other amounts receivable | 41 | €10,628 | €16,919 | +€6,291 | +59.2% |
| Cash at bank and in hand | 54/58 | €2,540 | €2,280 | -€260 | -10.2% |
| Deferred charges and accrued income | 490/1 | €627 | €1,898 | +€1,270 | +202.5% |
| Total equity and liabilities | 10/49 | €135,675 | €167,781 | +€32,106 | +23.7% |
| Equity | 10/15 | €20,670 | €32,541 | +€11,871 | +57.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,190 | €5,681 | +€11,871 | |
| Amounts payable | 17/49 | €115,005 | €135,241 | +€20,236 | +17.6% |
| Amounts payable after more than one year | 17 | €78,149 | €86,867 | +€8,719 | +11.2% |
| Financial debts | 170/4 | €78,149 | €86,867 | +€8,719 | +11.2% |
| Amounts payable within one year | 42/48 | €36,655 | €47,663 | +€11,008 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,181 | +€2,181 | |
| Financial debts | 43 | €19,323 | €20,566 | +€1,243 | +6.4% |
| Credit institutions | 430/8 | €19,323 | €20,566 | +€1,243 | +6.4% |
| Trade debts | 44 | €8,302 | €8,787 | +€485 | +5.8% |
| Suppliers | 440/4 | €8,302 | €8,787 | +€485 | +5.8% |
| Taxes, remuneration and social security | 45 | €9,030 | €16,128 | +€7,098 | +78.6% |
| Taxes | 450/3 | €9,030 | €13,128 | +€4,098 | +45.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €202 | €711 | +€509 | +252.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €8,053 | +€160 | +2.0% |
| Other operating charges | 640/8 | €2,373 | €3,374 | +€1,001 | +42.2% |
| Non-recurring operating charges | 66A | - | €2,479 | +€2,479 | |
| Gross operating margin | 9900 | €20,329 | €35,250 | +€14,921 | +73.4% |
| Operating profit (loss) | 9901 | €10,062 | €21,344 | +€11,282 | +112.1% |
| Financial income | 75/76B | €465 | €756 | +€290 | +62.3% |
| Recurring financial income | 75 | €465 | €756 | +€290 | +62.3% |
| Financial charges | 65/66B | €9,624 | €10,088 | +€464 | +4.8% |
| Recurring financial charges | 65 | €9,624 | €10,088 | +€464 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €904 | €12,012 | +€11,108 | +1228.7% |
| Income taxes | 67/77 | €155 | €141 | -€14 | -8.9% |
| Profit (loss) for the period | 9904 | €749 | €11,871 | +€11,121 | +1484.2% |
| Profit (loss) for the period to be appropriated | 9905 | €749 | €11,871 | +€11,121 | +1484.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.