AUGEN: 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.
AUGEN
Largest movements
- Receivables within one year -€288,951
down €288,951 (-64.6%), from €447,569 to €158,617
of which Other amounts receivable: -€280,887
- Receivables after one year -€166,479
no longer reported in 2025 (was €166,479)
- Tangible fixed assets -€38,670
down €38,670 (-7.0%), from €554,068 to €515,398
of which Land and buildings: -€35,728
- Cash +€21,496
up €21,496 (+87.2%), from €24,664 to €46,160
mainly Receivables within one year (+€288,951) and Receivables after one year (+€166,479)
- Profit (loss) carried forward -€186,480
down €186,480 (-52.7%), from €353,669 to €167,189
- Other debts -€173,648
down €173,648 (-85.8%), from €202,387 to €28,739
- Current portion of long-term debt -€56,568
down €56,568 (-48.4%), from €116,930 to €60,361
- Debts after one year -€54,504
down €54,504 (-39.0%), from €139,672 to €85,169
- Gross operating margin +€120,549
up €120,549 (+27.9%), from €432,117 to €552,666
- Staff costs +€76,628
up €76,628 (+33.9%), from €225,764 to €302,392
- Other operating charges -€17,152
down €17,152 (-70.8%), from €24,225 to €7,072
- Taxes +€12,463
up €12,463 (+28.9%), from €43,117 to €55,580
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 | €1,242,654 | €774,067 | -€468,588 | -37.7% |
| Fixed assets | 21/28 | €557,568 | €518,898 | -€38,670 | -6.9% |
| Tangible fixed assets | 22/27 | €554,068 | €515,398 | -€38,670 | -7.0% |
| Land and buildings | 22 | €530,749 | €495,020 | -€35,728 | -6.7% |
| Plant, machinery and equipment | 23 | €21,064 | €18,080 | -€2,984 | -14.2% |
| Furniture and vehicles | 24 | €2,255 | €2,298 | +€42 | +1.9% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €685,087 | €255,169 | -€429,918 | -62.8% |
| Amounts receivable after more than one year | 29 | €166,479 | - | -€166,479 | |
| Other amounts receivable | 291 | €166,479 | - | -€166,479 | |
| Stocks and contracts in progress | 3 | €45,487 | €48,942 | +€3,455 | +7.6% |
| Stocks | 30/36 | €45,487 | €48,942 | +€3,455 | +7.6% |
| Amounts receivable within one year | 40/41 | €447,569 | €158,617 | -€288,951 | -64.6% |
| Trade receivables | 40 | €126,373 | €118,309 | -€8,064 | -6.4% |
| Other amounts receivable | 41 | €321,195 | €40,308 | -€280,887 | -87.5% |
| Cash at bank and in hand | 54/58 | €24,664 | €46,160 | +€21,496 | +87.2% |
| Deferred charges and accrued income | 490/1 | €889 | €1,450 | +€561 | +63.1% |
| Total equity and liabilities | 10/49 | €1,242,654 | €774,067 | -€468,588 | -37.7% |
| Equity | 10/15 | €663,838 | €477,358 | -€186,480 | -28.1% |
| Contributions | 10/11 | €74,373 | €74,373 | = | 0.0% |
| Capital | 10 | €74,373 | €74,373 | = | 0.0% |
| Issued capital | 100 | €74,373 | €74,373 | = | 0.0% |
| Revaluation surpluses | 12 | €207,510 | €207,510 | = | 0.0% |
| Reserves | 13 | €28,285 | €28,285 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,285 | €28,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | €353,669 | €167,189 | -€186,480 | -52.7% |
| Amounts payable | 17/49 | €578,817 | €296,709 | -€282,107 | -48.7% |
| Amounts payable after more than one year | 17 | €139,672 | €85,169 | -€54,504 | -39.0% |
| Financial debts | 170/4 | €139,672 | €85,169 | -€54,504 | -39.0% |
| Amounts payable within one year | 42/48 | €427,371 | €211,541 | -€215,830 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €116,930 | €60,361 | -€56,568 | -48.4% |
| Trade debts | 44 | €58,436 | €62,364 | +€3,928 | +6.7% |
| Suppliers | 440/4 | €58,436 | €62,364 | +€3,928 | +6.7% |
| Taxes, remuneration and social security | 45 | €49,618 | €60,077 | +€10,458 | +21.1% |
| Taxes | 450/3 | €24,949 | €9,723 | -€15,226 | -61.0% |
| Remuneration and social security | 454/9 | €24,670 | €50,354 | +€25,684 | +104.1% |
| Other amounts payable | 47/48 | €202,387 | €28,739 | -€173,648 | -85.8% |
| Accrued charges and deferred income | 492/3 | €11,773 | - | -€11,773 | |
| Remuneration, social security and pensions | 62 | €225,764 | €302,392 | +€76,628 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,416 | €39,512 | +€96 | +0.2% |
| Other operating charges | 640/8 | €24,225 | €7,072 | -€17,152 | -70.8% |
| Gross operating margin | 9900 | €432,117 | €552,666 | +€120,549 | +27.9% |
| Operating profit (loss) | 9901 | €142,712 | €203,690 | +€60,978 | +42.7% |
| Financial income | 75/76B | €10,907 | €11,334 | +€427 | +3.9% |
| Recurring financial income | 75 | €10,907 | €11,334 | +€427 | +3.9% |
| Financial charges | 65/66B | €8,711 | €5,924 | -€2,786 | -32.0% |
| Recurring financial charges | 65 | €8,711 | €5,924 | -€2,786 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €144,908 | €209,100 | +€64,192 | +44.3% |
| Income taxes | 67/77 | €43,117 | €55,580 | +€12,463 | +28.9% |
| Profit (loss) for the period | 9904 | €101,791 | €153,520 | +€51,729 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,791 | €153,520 | +€51,729 | +50.8% |
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 6 October 2026 via checked.be.