AUGERE: 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.
What changed
AUGERE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,550
2024 · €116,293-€100,743
Equity
€5.0m
2024 · €4.9m+€15,550
Cash
€19,150
2024 · €10,167+€8,983
Balance sheet total
€6.5m
2024 · €6.0m+€503,839
Largest movements
Assets
- Financial fixed assets +€248,000
up €248,000 (+4.7%), from €5.3m to €5.5m
- Tangible fixed assets +€238,812
up €238,812 (+57.1%), from €418,005 to €656,818
of which Assets under construction and advance payments: +€252,216
Equity and liabilities
- Short-term financial debts +€250,000
new in 2025: €250,000
- Debts after one year +€144,615
up €144,615 (+24.7%), from €584,536 to €729,151
- Other debts +€123,864
up €123,864 (+53.0%), from €233,765 to €357,629
Income statement
- Financial income -€78,484
no longer reported in 2025 (was €78,484)
- Gross operating margin -€19,030
down €19,030 (-22.5%), from €84,699 to €65,669
- Financial charges +€1,816
up €1,816 (+9.1%), from €20,021 to €21,837
- Depreciation +€962
up €962 (+4.5%), from €21,171 to €22,133
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.
Result 2024
€116,293
Gross operating margin
-€19,030
Depreciation
-€962
Other operating charges
-€452
Financial income
-€78,484
Financial charges
-€1,816
Result 2025
€15,550
lowers the result
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.
From operations
+€182,736
Investment
-€508,945
Financing
+€335,192
Cash 2024
€10,167
From operations (derived)
+€182,736
Net result for the year
+€15,550
Depreciation
+€22,133
Receivables after one year
+€25,000
Receivables within one year
-€29,985
Deferred charges and accrued income
-€3,059
Trade debts
+€30,821
Tax, wage and social debts
-€2,013
Other debts
+€123,864
Accrued charges and deferred income
+€425
Investment (derived)
-€508,945
Investment in fixed assets (net)
-€508,945
Financing
+€335,192
Debts after one year
+€144,615
Current portion of long-term debt
-€59,423
Short-term financial debts
+€250,000
Cash 2025
€19,150
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,963,250 | €6,467,089 | +€503,839 | +8.4% |
| Fixed assets | 21/28 | €5,683,743 | €6,170,555 | +€486,812 | +8.6% |
| Tangible fixed assets | 22/27 | €418,005 | €656,818 | +€238,812 | +57.1% |
| Land and buildings | 22 | €418,005 | €395,926 | -€22,079 | -5.3% |
| Furniture and vehicles | 24 | - | €8,676 | +€8,676 | |
| Assets under construction and advance payments | 27 | - | €252,216 | +€252,216 | |
| Financial fixed assets | 28 | €5,265,738 | €5,513,738 | +€248,000 | +4.7% |
| Current assets | 29/58 | €279,507 | €296,533 | +€17,026 | +6.1% |
| Amounts receivable after more than one year | 29 | €159,000 | €134,000 | -€25,000 | -15.7% |
| Other amounts receivable | 291 | €159,000 | €134,000 | -€25,000 | -15.7% |
| Amounts receivable within one year | 40/41 | €108,325 | €138,310 | +€29,985 | +27.7% |
| Trade receivables | 40 | €33,343 | €56,176 | +€22,833 | +68.5% |
| Other amounts receivable | 41 | €74,982 | €82,134 | +€7,152 | +9.5% |
| Cash at bank and in hand | 54/58 | €10,167 | €19,150 | +€8,983 | +88.3% |
| Deferred charges and accrued income | 490/1 | €2,014 | €5,073 | +€3,059 | +152% |
| Total equity and liabilities | 10/49 | €5,963,250 | €6,467,089 | +€503,839 | +8.4% |
| Equity | 10/15 | €4,943,586 | €4,959,136 | +€15,550 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,929,326 | €4,944,876 | +€15,550 | +0.3% |
| Amounts payable | 17/49 | €1,019,664 | €1,507,953 | +€488,289 | +47.9% |
| Amounts payable after more than one year | 17 | €584,536 | €729,151 | +€144,615 | +24.7% |
| Financial debts | 170/4 | €584,536 | €729,151 | +€144,615 | +24.7% |
| Amounts payable within one year | 42/48 | €433,509 | €776,758 | +€343,249 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €187,359 | €127,936 | -€59,423 | -31.7% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €10,372 | €41,192 | +€30,821 | +297% |
| Suppliers | 440/4 | €10,372 | €41,192 | +€30,821 | +297% |
| Taxes, remuneration and social security | 45 | €2,013 | - | -€2,013 | |
| Taxes | 450/3 | €2,013 | - | -€2,013 | |
| Other amounts payable | 47/48 | €233,765 | €357,629 | +€123,864 | +53.0% |
| Accrued charges and deferred income | 492/3 | €1,620 | €2,045 | +€425 | +26.2% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,171 | €22,133 | +€962 | +4.5% |
| Other operating charges | 640/8 | €5,698 | €6,150 | +€452 | +7.9% |
| Gross operating margin | 9900 | €84,699 | €65,669 | -€19,030 | -22.5% |
| Operating profit (loss) | 9901 | €57,830 | €37,387 | -€20,444 | -35.4% |
| Financial income | 75/76B | €78,484 | - | -€78,484 | |
| Recurring financial income | 75 | €78,484 | - | -€78,484 | |
| Financial charges | 65/66B | €20,021 | €21,837 | +€1,816 | +9.1% |
| Recurring financial charges | 65 | €20,021 | €21,837 | +€1,816 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €116,293 | €15,550 | -€100,743 | -86.6% |
| Profit (loss) for the period | 9904 | €116,293 | €15,550 | -€100,743 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,293 | €15,550 | -€100,743 | -86.6% |
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 22 October 2026 via checked.be.