AUGUSTYNS: 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
AUGUSTYNS
NACE 31.002, Manufacture of furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€671,887
2024 · -€550,368-€121,518
Equity
-€1.0m
2024 · -€374,518-€671,887
Cash
€162,116
2024 · €162,917-€801
Balance sheet total
€5.0m
2024 · €4.2m+€813,874
Largest movements
Assets
- Stocks and contracts +€746,173
up €746,173 (+32.5%), from €2.3m to €3.0m
of which Contracts in progress: +€693,905
- Receivables within one year +€144,497
up €144,497 (+18.3%), from €791,541 to €936,039
of which Trade receivables: +€399,054
Equity and liabilities
- Other debts +€1.3m
new in 2025: €1.3m
- Debts after one year -€700,956
down €700,956 (-32.5%), from €2.2m to €1.5m
- Profit (loss) carried forward -€671,887
down €671,887 (-109%), from -€617,328 to -€1.3m
- Trade debts +€415,483
up €415,483 (+69.3%), from €599,622 to €1.0m
- Short-term financial debts +€371,313
up €371,313 (+194%), from €190,923 to €562,236
Income statement
- Staff costs +€203,622
up €203,622 (+9.0%), from €2.3m to €2.5m
- Gross operating margin +€117,452
up €117,452 (+6.0%), from €2.0m to €2.1m
- Write-downs +€100,623
up €100,623 (+71.3%), from -€141,030 to -€40,407
- Depreciation -€45,660
down €45,660 (-19.4%), from €235,867 to €190,207
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
-€550,368
Gross operating margin
+€117,452
Staff costs
-€203,622
Depreciation
+€45,660
Write-downs
-€100,623
Other operating charges
+€2,976
Other operating items
+€4,444
Financial income
+€4,643
Financial charges
+€6,936
Taxes
+€617
Result 2025
-€671,887
raises the resultlowers the resultnot broken down further in the accounts
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
+€429,678
Investment
-€139,156
Financing
-€291,323
Cash 2024
€162,917
From operations (derived)
+€429,678
Net result for the year
-€671,887
Depreciation
+€190,207
Stocks and contracts
-€746,173
Receivables within one year
-€144,497
Deferred charges and accrued income
+€24,944
Trade debts
+€415,483
Tax, wage and social debts
-€14,072
Advances received
+€58,383
Other debts
+€1.3m
Accrued charges and deferred income
+€4,300
Investment (derived)
-€139,156
Investment in fixed assets (net)
-€139,156
Financing
-€291,323
Debts after one year
-€700,956
Current portion of long-term debt
+€38,320
Short-term financial debts
+€371,313
Cash 2025
€162,116
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,185,171 | €4,999,046 | +€813,874 | +19.4% |
| Formation expenses | 20 | €96,341 | €78,382 | -€17,959 | -18.6% |
| Fixed assets | 21/28 | €737,818 | €704,726 | -€33,092 | -4.5% |
| Intangible fixed assets | 21 | €28,185 | €7,271 | -€20,914 | -74.2% |
| Tangible fixed assets | 22/27 | €673,659 | €692,344 | +€18,685 | +2.8% |
| Furniture and vehicles | 24 | €8,003 | €21,515 | +€13,511 | +169% |
| Leasing and similar rights | 25 | €460 | €19,191 | +€18,731 | +4,071% |
| Other tangible fixed assets | 26 | €665,195 | €651,638 | -€13,557 | -2.0% |
| Financial fixed assets | 28 | €35,974 | €5,111 | -€30,863 | -85.8% |
| Current assets | 29/58 | €3,351,013 | €4,215,938 | +€864,925 | +25.8% |
| Stocks and contracts in progress | 3 | €2,296,026 | €3,042,199 | +€746,173 | +32.5% |
| Stocks | 30/36 | €263,694 | €315,962 | +€52,268 | +19.8% |
| Contracts in progress | 37 | €2,032,332 | €2,726,236 | +€693,905 | +34.1% |
| Amounts receivable within one year | 40/41 | €791,541 | €936,039 | +€144,497 | +18.3% |
| Trade receivables | 40 | €536,684 | €935,738 | +€399,054 | +74.4% |
| Other amounts receivable | 41 | €254,857 | €301 | -€254,557 | -99.9% |
| Cash at bank and in hand | 54/58 | €162,917 | €162,116 | -€801 | -0.5% |
| Deferred charges and accrued income | 490/1 | €100,528 | €75,585 | -€24,944 | -24.8% |
| Total equity and liabilities | 10/49 | €4,185,171 | €4,999,046 | +€813,874 | +19.4% |
| Equity | 10/15 | -€374,518 | -€1,046,405 | -€671,887 | -179% |
| Contributions | 10/11 | €224,789 | €224,789 | = | 0.0% |
| Reserves | 13 | €18,021 | €18,021 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,021 | €18,021 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,021 | €18,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€617,328 | -€1,289,215 | -€671,887 | -109% |
| Amounts payable | 17/49 | €4,559,689 | €6,045,451 | +€1.5m | +32.6% |
| Amounts payable after more than one year | 17 | €2,154,263 | €1,453,307 | -€700,956 | -32.5% |
| Financial debts | 170/4 | €2,154,263 | €1,453,307 | -€700,956 | -32.5% |
| Amounts payable within one year | 42/48 | €2,405,426 | €4,587,843 | +€2.2m | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €681,291 | €719,611 | +€38,320 | +5.6% |
| Financial debts | 43 | €190,923 | €562,236 | +€371,313 | +194% |
| Credit institutions | 430/8 | €190,923 | €562,236 | +€371,313 | +194% |
| Trade debts | 44 | €599,622 | €1,015,105 | +€415,483 | +69.3% |
| Suppliers | 440/4 | €599,622 | €1,015,105 | +€415,483 | +69.3% |
| Advances received on contracts in progress | 46 | €614,944 | €673,327 | +€58,383 | +9.5% |
| Taxes, remuneration and social security | 45 | €318,645 | €304,573 | -€14,072 | -4.4% |
| Taxes | 450/3 | €69,358 | €10,010 | -€59,348 | -85.6% |
| Remuneration and social security | 454/9 | €249,287 | €294,563 | +€45,276 | +18.2% |
| Other amounts payable | 47/48 | - | €1,312,990 | +€1.3m | |
| Accrued charges and deferred income | 492/3 | - | €4,300 | +€4,300 | |
| Non-recurring operating income | 76A | - | €7,736 | +€7,736 | |
| Remuneration, social security and pensions | 62 | €2,261,064 | €2,464,686 | +€203,622 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,867 | €190,207 | -€45,660 | -19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€141,030 | -€40,407 | +€100,623 | +71.3% |
| Other operating charges | 640/8 | €11,606 | €8,630 | -€2,976 | -25.6% |
| Operating charges capitalised as restructuring costs | 649 | -€10,238 | -€14,683 | -€4,444 | -43.4% |
| Gross operating margin | 9900 | €1,965,550 | €2,083,002 | +€117,452 | +6.0% |
| Operating profit (loss) | 9901 | -€391,719 | -€525,432 | -€133,713 | -34.1% |
| Financial income | 75/76B | €15,996 | €20,639 | +€4,643 | +29.0% |
| Recurring financial income | 75 | €15,996 | €20,639 | +€4,643 | +29.0% |
| Financial charges | 65/66B | €172,487 | €165,552 | -€6,936 | -4.0% |
| Recurring financial charges | 65 | €172,487 | €165,552 | -€6,936 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€548,210 | -€670,345 | -€122,135 | -22.3% |
| Income taxes | 67/77 | €2,159 | €1,542 | -€617 | -28.6% |
| Profit (loss) for the period | 9904 | -€550,368 | -€671,887 | -€121,518 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€550,368 | -€671,887 | -€121,518 | -22.1% |
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 17 October 2026 via checked.be.