AUGIAS: 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
AUGIAS
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€492,289
2024 · -€1.5m+€2.0m
Equity
-€202,637
2024 · €91,802-€294,439
Cash
€1.7m
2024 · €196,265+€1.5m
Balance sheet total
€2.0m
2024 · €4.9m-€2.9m
Largest movements
Assets
- Stocks and contracts -€2.5m
down €2.5m (-100.0%), from €2.5m to €0
of which Stocks: -€2.3m
- Cash +€1.5m
up €1.5m (+745.6%), from €196,265 to €1.7m
mainly Stocks and contracts (+€2.5m) and Investment in fixed assets (net) (+€1.4m)
- Tangible fixed assets -€1.4m
down €1.4m (-100.0%), from €1.4m to €0
of which Land and buildings: -€1.2m
- Receivables within one year -€457,845
down €457,845 (-55.1%), from €830,530 to €372,685
of which Trade receivables: -€502,103
Equity and liabilities
- Short-term financial debts -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Debts after one year -€638,771
down €638,771 (-43.2%), from €1.5m to €840,000
of which Financial debts: -€638,771
- Revaluation surpluses -€628,366
down €628,366 (-100.0%), from €628,366 to €0
- Trade debts -€581,063
down €581,063 (-78.2%), from €743,208 to €162,145
- Profit (loss) carried forward +€492,857
up €492,857 (+26.1%), from -€1.9m to -€1.4m
Income statement
- Gross operating margin +€1.1m
up €1.1m (+256.8%), from €429,841 to €1.5m
- Staff costs -€613,598
down €613,598 (-41.8%), from €1.5m to €855,561
- Other operating charges -€168,269
down €168,269 (-74.5%), from €225,916 to €57,647
- Depreciation -€113,620
down €113,620 (-85.1%), from €133,493 to €19,874
- Write-downs +€88,775
up €88,775 (+87.7%), from -€101,212 to -€12,437
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
-€1.5m
Gross operating margin
+€1.1m
Staff costs
+€613,598
Depreciation
+€113,620
Write-downs
-€88,775
Other operating charges
+€168,269
Other operating items
-€23,274
Financial income
-€1,006
Financial charges
+€74,941
Taxes
+€444
Deferred taxes and other
+€351
Result 2025
€492,289
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.
From operations
+€2.9m
Investment
+€1.4m
Financing
-€2.8m
Cash 2024
€196,265
From operations (derived)
+€2.9m
Net result for the year
+€492,289
Depreciation
+€19,874
Stocks and contracts
+€2.5m
Receivables within one year
+€457,845
Deferred charges and accrued income
+€25,756
Provisions
-€568
Trade debts
-€581,063
Tax, wage and social debts
-€230,568
Advances received
-€32,549
Other debts
+€242,073
Accrued charges and deferred income
-€15,949
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Financing
-€2.8m
Debts after one year
-€638,771
Current portion of long-term debt
-€95,647
Short-term financial debts
-€1.3m
Contributions, distributions and other
-€786,728
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,930,977 | €2,033,495 | -€2.9m | -58.8% |
| Fixed assets | 21/28 | €1,380,053 | €10 | -€1.4m | -100.0% |
| Intangible fixed assets | 21 | €19,874 | €0 | -€19,874 | -100.0% |
| Tangible fixed assets | 22/27 | €1,360,170 | €0 | -€1.4m | -100.0% |
| Land and buildings | 22 | €1,219,601 | €0 | -€1.2m | -100.0% |
| Plant, machinery and equipment | 23 | €96,505 | €0 | -€96,505 | -100.0% |
| Furniture and vehicles | 24 | €44,063 | €0 | -€44,063 | -100.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €3,550,923 | €2,033,485 | -€1.5m | -42.7% |
| Stocks and contracts in progress | 3 | €2,497,181 | €0 | -€2.5m | -100.0% |
| Stocks | 30/36 | €2,299,871 | €0 | -€2.3m | -100.0% |
| Contracts in progress | 37 | €197,310 | €0 | -€197,310 | -100.0% |
| Amounts receivable within one year | 40/41 | €830,530 | €372,685 | -€457,845 | -55.1% |
| Trade receivables | 40 | €830,030 | €327,927 | -€502,103 | -60.5% |
| Other amounts receivable | 41 | €500 | €44,758 | +€44,258 | +8851.6% |
| Cash at bank and in hand | 54/58 | €196,265 | €1,659,608 | +€1.5m | +745.6% |
| Deferred charges and accrued income | 490/1 | €26,948 | €1,192 | -€25,756 | -95.6% |
| Total equity and liabilities | 10/49 | €4,930,977 | €2,033,495 | -€2.9m | -58.8% |
| Equity | 10/15 | €91,802 | -€202,637 | -€294,439 | |
| Contributions | 10/11 | €1,095,000 | €1,095,000 | = | 0.0% |
| Capital | 10 | €1,095,000 | €1,095,000 | = | 0.0% |
| Issued capital | 100 | €1,095,000 | €1,095,000 | = | 0.0% |
| Revaluation surpluses | 12 | €628,366 | €0 | -€628,366 | -100.0% |
| Reserves | 13 | €255,178 | €96,248 | -€158,930 | -62.3% |
| Non-distributable reserves | 130/1 | €39,000 | €39,000 | = | 0.0% |
| Legal reserve | 130 | €39,000 | €39,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,954 | €56,250 | -€1,704 | -2.9% |
| Distributable reserves | 133 | €158,224 | €998 | -€157,226 | -99.4% |
| Profit (loss) carried forward | 14 | -€1,886,741 | -€1,393,885 | +€492,857 | +26.1% |
| Provisions and deferred taxes | 16 | €568 | €0 | -€568 | -100.0% |
| Deferred taxes | 168 | €568 | €0 | -€568 | -100.0% |
| Amounts payable | 17/49 | €4,838,606 | €2,236,132 | -€2.6m | -53.8% |
| Amounts payable after more than one year | 17 | €1,478,771 | €840,000 | -€638,771 | -43.2% |
| Financial debts | 170/4 | €638,771 | €0 | -€638,771 | -100.0% |
| Other amounts payable | 178/9 | €840,000 | €840,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,328,154 | €1,380,400 | -€1.9m | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €95,647 | €0 | -€95,647 | -100.0% |
| Financial debts | 43 | €1,250,000 | €0 | -€1.3m | -100.0% |
| Credit institutions | 430/8 | €1,250,000 | €0 | -€1.3m | -100.0% |
| Trade debts | 44 | €743,208 | €162,145 | -€581,063 | -78.2% |
| Suppliers | 440/4 | €743,208 | €162,145 | -€581,063 | -78.2% |
| Advances received on contracts in progress | 46 | €32,549 | €0 | -€32,549 | -100.0% |
| Taxes, remuneration and social security | 45 | €311,251 | €80,684 | -€230,568 | -74.1% |
| Taxes | 450/3 | €171,827 | €64,320 | -€107,507 | -62.6% |
| Remuneration and social security | 454/9 | €139,425 | €16,364 | -€123,061 | -88.3% |
| Other amounts payable | 47/48 | €895,499 | €1,137,571 | +€242,073 | +27.0% |
| Accrued charges and deferred income | 492/3 | €31,681 | €15,732 | -€15,949 | -50.3% |
| Non-recurring operating income | 76A | €0 | €2,031,656 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €1,469,159 | €855,561 | -€613,598 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,493 | €19,874 | -€113,620 | -85.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€101,212 | -€12,437 | +€88,775 | +87.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €225,916 | €57,647 | -€168,269 | -74.5% |
| Non-recurring operating charges | 66A | €7,259 | €30,533 | +€23,274 | +320.6% |
| Gross operating margin | 9900 | €429,841 | €1,533,612 | +€1.1m | +256.8% |
| Operating profit (loss) | 9901 | -€1,304,774 | €582,435 | +€1.9m | |
| Financial income | 75/76B | €2,184 | €1,178 | -€1,006 | -46.1% |
| Recurring financial income | 75 | €2,184 | €1,178 | -€1,006 | -46.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €166,905 | €91,964 | -€74,941 | -44.9% |
| Recurring financial charges | 65 | €166,905 | €90,912 | -€75,993 | -45.5% |
| Non-recurring financial charges | 66B | - | €1,052 | +€1,052 | |
| Profit (loss) for the period before taxes | 9903 | -€1,469,495 | €491,648 | +€2.0m | |
| Transfer from deferred taxes | 780 | €1,353 | €1,704 | +€351 | +25.9% |
| Income taxes | 67/77 | €1,508 | €1,064 | -€444 | -29.4% |
| Profit (loss) for the period | 9904 | -€1,469,649 | €492,289 | +€2.0m | |
| Transfer from tax-exempt reserves | 789 | €4,060 | €568 | -€3,492 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,465,589 | €492,857 | +€2.0m |
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 10 October 2026 via checked.be.