AUDREY: 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.
AUDREY
Largest movements
- Cash -€106,837
down €106,837 (-71.7%), from €148,966 to €42,129
mainly Other debts (-€147,053) and Net result for the year (-€78,236)
- Stocks and contracts -€50,977
down €50,977 (-13.4%), from €379,837 to €328,860
- Tangible fixed assets -€40,596
down €40,596 (-24.1%), from €168,689 to €128,093
of which Other tangible fixed assets: -€34,840
- Receivables within one year +€32,968
up €32,968 (+45.8%), from €71,988 to €104,956
of which Trade receivables: +€33,006
- Other debts -€147,053
down €147,053 (-19.1%), from €769,997 to €622,944
- Profit (loss) carried forward -€78,236
down €78,236 (-32.7%), from -€239,578 to -€317,814
- Tax, wage and social debts +€58,494
up €58,494 (+56.5%), from €103,535 to €162,029
of which Remuneration and social security: +€45,464
- Gross operating margin -€61,761
down €61,761 (-11.4%), from €540,419 to €478,658
- Staff costs +€24,020
up €24,020 (+5.1%), from €474,899 to €498,919
- Depreciation -€12,568
down €12,568 (-27.8%), from €45,170 to €32,602
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 | €778,363 | €615,576 | -€162,787 | -20.9% |
| Fixed assets | 21/28 | €176,848 | €135,802 | -€41,046 | -23.2% |
| Intangible fixed assets | 21 | €1,274 | €824 | -€450 | -35.3% |
| Tangible fixed assets | 22/27 | €168,689 | €128,093 | -€40,596 | -24.1% |
| Plant, machinery and equipment | 23 | €14,258 | €9,015 | -€5,243 | -36.8% |
| Furniture and vehicles | 24 | €5,164 | €4,651 | -€513 | -9.9% |
| Other tangible fixed assets | 26 | €149,267 | €114,427 | -€34,840 | -23.3% |
| Financial fixed assets | 28 | €6,885 | €6,885 | = | 0.0% |
| Current assets | 29/58 | €601,515 | €479,774 | -€121,741 | -20.2% |
| Stocks and contracts in progress | 3 | €379,837 | €328,860 | -€50,977 | -13.4% |
| Stocks | 30/36 | €379,837 | €328,860 | -€50,977 | -13.4% |
| Amounts receivable within one year | 40/41 | €71,988 | €104,956 | +€32,968 | +45.8% |
| Trade receivables | 40 | €71,430 | €104,436 | +€33,006 | +46.2% |
| Other amounts receivable | 41 | €558 | €520 | -€38 | -6.8% |
| Cash at bank and in hand | 54/58 | €148,966 | €42,129 | -€106,837 | -71.7% |
| Deferred charges and accrued income | 490/1 | €724 | €3,829 | +€3,105 | +428.9% |
| Total equity and liabilities | 10/49 | €778,363 | €615,576 | -€162,787 | -20.9% |
| Equity | 10/15 | -€168,036 | -€246,272 | -€78,236 | -46.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €34,358 | €34,358 | = | 0.0% |
| Distributable reserves | 133 | €34,358 | €34,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,578 | -€317,814 | -€78,236 | -32.7% |
| Amounts payable | 17/49 | €946,399 | €861,848 | -€84,551 | -8.9% |
| Amounts payable within one year | 42/48 | €946,399 | €861,848 | -€84,551 | -8.9% |
| Financial debts | 43 | - | €3,511 | +€3,511 | |
| Credit institutions | 430/8 | - | €3,511 | +€3,511 | |
| Trade debts | 44 | €72,867 | €73,364 | +€497 | +0.7% |
| Suppliers | 440/4 | €72,867 | €73,364 | +€497 | +0.7% |
| Taxes, remuneration and social security | 45 | €103,535 | €162,029 | +€58,494 | +56.5% |
| Taxes | 450/3 | €9,151 | €22,181 | +€13,030 | +142.4% |
| Remuneration and social security | 454/9 | €94,384 | €139,848 | +€45,464 | +48.2% |
| Other amounts payable | 47/48 | €769,997 | €622,944 | -€147,053 | -19.1% |
| Non-recurring operating income | 76A | - | €90,000 | +€90,000 | |
| Remuneration, social security and pensions | 62 | €474,899 | €498,919 | +€24,020 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,170 | €32,602 | -€12,568 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,558 | €228 | -€1,330 | -85.4% |
| Other operating charges | 640/8 | €6,519 | €7,051 | +€532 | +8.2% |
| Non-recurring operating charges | 66A | €703 | €5,662 | +€4,959 | +705.4% |
| Gross operating margin | 9900 | €540,419 | €478,658 | -€61,761 | -11.4% |
| Operating profit (loss) | 9901 | €11,570 | -€65,804 | -€77,374 | |
| Financial income | 75/76B | €16,097 | €13,054 | -€3,043 | -18.9% |
| Recurring financial income | 75 | €16,097 | €938 | -€15,159 | -94.2% |
| Non-recurring financial income | 76B | - | €12,116 | +€12,116 | |
| Financial charges | 65/66B | €25,281 | €25,200 | -€81 | -0.3% |
| Recurring financial charges | 65 | €25,281 | €25,200 | -€81 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €2,386 | -€77,950 | -€80,336 | |
| Income taxes | 67/77 | €490 | €286 | -€204 | -41.6% |
| Profit (loss) for the period | 9904 | €1,896 | -€78,236 | -€80,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,896 | -€78,236 | -€80,132 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.