AUGEOR: 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.
AUGEOR
Largest movements
- Stocks and contracts -€968,201
down €968,201 (-41.6%), from €2.3m to €1.4m
- Receivables within one year -€47,721
down €47,721 (-78.2%), from €61,016 to €13,296
of which Other amounts receivable: -€60,288
- Current portion of long-term debt -€977,019
down €977,019 (-58.1%), from €1.7m to €705,902
- Profit (loss) carried forward -€85,769
down €85,769 (-54.1%), from €158,491 to €72,722
- Other debts +€81,493
up €81,493 (+31.0%), from €263,060 to €344,553
- Debts after one year -€62,334
down €62,334 (-4.1%), from €1.5m to €1.5m
of which Financial debts: -€62,334
- Gross operating margin -€161,496
down €161,496 (-73.9%), from €218,655 to €57,160
- Financial charges -€65,040
down €65,040 (-32.0%), from €203,210 to €138,170
- Financial income -€12,870
no longer reported in 2025 (was €12,870)
- Taxes -€5,377
no longer reported in 2025 (was €5,377)
- Other operating charges +€3,126
up €3,126 (+191.4%), from €1,633 to €4,759
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 | €3,778,899 | €2,757,347 | -€1.0m | -27.0% |
| Fixed assets | 21/28 | €1,380,935 | €1,378,502 | -€2,433 | -0.2% |
| Tangible fixed assets | 22/27 | €20,000 | €20,000 | = | 0.0% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,360,935 | €1,358,502 | -€2,433 | -0.2% |
| Current assets | 29/58 | €2,397,964 | €1,378,845 | -€1.0m | -42.5% |
| Stocks and contracts in progress | 3 | €2,326,483 | €1,358,282 | -€968,201 | -41.6% |
| Stocks | 30/36 | €2,326,483 | €1,358,282 | -€968,201 | -41.6% |
| Amounts receivable within one year | 40/41 | €61,016 | €13,296 | -€47,721 | -78.2% |
| Trade receivables | 40 | €728 | €13,296 | +€12,568 | +1726.8% |
| Other amounts receivable | 41 | €60,288 | - | -€60,288 | |
| Cash at bank and in hand | 54/58 | €6,944 | €2,112 | -€4,832 | -69.6% |
| Deferred charges and accrued income | 490/1 | €3,521 | €5,156 | +€1,635 | +46.4% |
| Total equity and liabilities | 10/49 | €3,778,899 | €2,757,347 | -€1.0m | -27.0% |
| Equity | 10/15 | €163,491 | €77,722 | -€85,769 | -52.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,491 | €72,722 | -€85,769 | -54.1% |
| Amounts payable | 17/49 | €3,615,408 | €2,679,625 | -€935,783 | -25.9% |
| Amounts payable after more than one year | 17 | €1,532,176 | €1,469,843 | -€62,334 | -4.1% |
| Financial debts | 170/4 | €902,176 | €839,843 | -€62,334 | -6.9% |
| Other amounts payable | 178/9 | €630,000 | €630,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,025,112 | €1,126,756 | -€898,356 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €1,682,921 | €705,902 | -€977,019 | -58.1% |
| Trade debts | 44 | €50,088 | €36,809 | -€13,278 | -26.5% |
| Suppliers | 440/4 | €50,088 | €36,809 | -€13,278 | -26.5% |
| Taxes, remuneration and social security | 45 | €29,044 | €39,491 | +€10,448 | +36.0% |
| Taxes | 450/3 | €29,044 | €39,491 | +€10,448 | +36.0% |
| Other amounts payable | 47/48 | €263,060 | €344,553 | +€81,493 | +31.0% |
| Accrued charges and deferred income | 492/3 | €58,120 | €83,026 | +€24,907 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | - | -€315 | |
| Other operating charges | 640/8 | €1,633 | €4,759 | +€3,126 | +191.4% |
| Gross operating margin | 9900 | €218,655 | €57,160 | -€161,496 | -73.9% |
| Operating profit (loss) | 9901 | €216,707 | €52,401 | -€164,306 | -75.8% |
| Financial income | 75/76B | €12,870 | - | -€12,870 | |
| Recurring financial income | 75 | €12,870 | - | -€12,870 | |
| Financial charges | 65/66B | €203,210 | €138,170 | -€65,040 | -32.0% |
| Recurring financial charges | 65 | €203,210 | €138,170 | -€65,040 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €26,368 | -€85,769 | -€112,137 | |
| Income taxes | 67/77 | €5,377 | - | -€5,377 | |
| Profit (loss) for the period | 9904 | €20,991 | -€85,769 | -€106,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,991 | -€85,769 | -€106,760 |
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 8 October 2026 via checked.be.