AULA: 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.
AULA
Largest movements
- Cash -€38,140
down €38,140 (-19.7%), from €193,290 to €155,150
mainly Contributions, distributions and other (-€200,800) and Other debts (-€89,440)
- Stocks and contracts +€28,950
up €28,950 (+8.7%), from €331,500 to €360,450
- Tangible fixed assets -€24,382
down €24,382 (-13.0%), from €187,813 to €163,431
of which Plant, machinery and equipment: -€20,645
- Deferred charges and accrued income -€21,602
down €21,602 (-41.3%), from €52,301 to €30,699
- Receivables within one year -€20,459
down €20,459 (-1.7%), from €1.2m to €1.2m
of which Trade receivables: -€45,564
- Other debts -€89,440
down €89,440 (-30.8%), from €290,240 to €200,800
- Short-term financial debts +€20,467
up €20,467 (+6.7%), from €304,533 to €325,000
- Staff costs +€139,360
up €139,360 (+10.3%), from €1.4m to €1.5m
- Gross operating margin -€56,630
down €56,630 (-2.9%), from €2.0m to €1.9m
- Depreciation -€43,603
down €43,603 (-47.7%), from €91,494 to €47,892
- Financial income -€23,473
down €23,473 (-98.7%), from €23,778 to €305
of which Non-recurring financial income: -€23,434
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,979,497 | €1,903,864 | -€75,633 | -3.8% |
| Fixed assets | 21/28 | €191,361 | €166,979 | -€24,382 | -12.7% |
| Tangible fixed assets | 22/27 | €187,813 | €163,431 | -€24,382 | -13.0% |
| Land and buildings | 22 | €11,250 | €15,271 | +€4,021 | +35.7% |
| Plant, machinery and equipment | 23 | €146,247 | €125,602 | -€20,645 | -14.1% |
| Furniture and vehicles | 24 | €21,911 | €18,733 | -€3,178 | -14.5% |
| Other tangible fixed assets | 26 | €8,405 | €3,825 | -€4,581 | -54.5% |
| Financial fixed assets | 28 | €3,548 | €3,548 | = | 0.0% |
| Current assets | 29/58 | €1,788,136 | €1,736,885 | -€51,251 | -2.9% |
| Stocks and contracts in progress | 3 | €331,500 | €360,450 | +€28,950 | +8.7% |
| Stocks | 30/36 | €331,500 | €360,450 | +€28,950 | +8.7% |
| Amounts receivable within one year | 40/41 | €1,211,045 | €1,190,586 | -€20,459 | -1.7% |
| Trade receivables | 40 | €335,789 | €290,225 | -€45,564 | -13.6% |
| Other amounts receivable | 41 | €875,256 | €900,361 | +€25,105 | +2.9% |
| Cash at bank and in hand | 54/58 | €193,290 | €155,150 | -€38,140 | -19.7% |
| Deferred charges and accrued income | 490/1 | €52,301 | €30,699 | -€21,602 | -41.3% |
| Total equity and liabilities | 10/49 | €1,979,497 | €1,903,864 | -€75,633 | -3.8% |
| Equity | 10/15 | €331,434 | €335,989 | +€4,555 | +1.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €291,597 | €296,152 | +€4,555 | +1.6% |
| Distributable reserves | 133 | €291,597 | €296,152 | +€4,555 | +1.6% |
| Profit (loss) carried forward | 14 | €19,377 | €19,377 | = | 0.0% |
| Amounts payable | 17/49 | €1,648,063 | €1,567,875 | -€80,188 | -4.9% |
| Amounts payable after more than one year | 17 | €32,106 | €23,748 | -€8,358 | -26.0% |
| Financial debts | 170/4 | €32,106 | €23,748 | -€8,358 | -26.0% |
| Amounts payable within one year | 42/48 | €1,615,957 | €1,544,127 | -€71,831 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €45,219 | €38,720 | -€6,499 | -14.4% |
| Financial debts | 43 | €304,533 | €325,000 | +€20,467 | +6.7% |
| Credit institutions | 430/8 | €304,533 | €325,000 | +€20,467 | +6.7% |
| Trade debts | 44 | €840,704 | €830,038 | -€10,667 | -1.3% |
| Suppliers | 440/4 | €840,704 | €830,038 | -€10,667 | -1.3% |
| Taxes, remuneration and social security | 45 | €135,260 | €149,569 | +€14,308 | +10.6% |
| Taxes | 450/3 | €22,924 | €20,202 | -€2,722 | -11.9% |
| Remuneration and social security | 454/9 | €112,336 | €129,367 | +€17,031 | +15.2% |
| Other amounts payable | 47/48 | €290,240 | €200,800 | -€89,440 | -30.8% |
| Remuneration, social security and pensions | 62 | €1,352,539 | €1,491,899 | +€139,360 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,494 | €47,892 | -€43,603 | -47.7% |
| Other operating charges | 640/8 | €31,835 | €24,732 | -€7,103 | -22.3% |
| Gross operating margin | 9900 | €1,972,956 | €1,916,326 | -€56,630 | -2.9% |
| Operating profit (loss) | 9901 | €497,088 | €351,803 | -€145,285 | -29.2% |
| Financial income | 75/76B | €23,778 | €305 | -€23,473 | -98.7% |
| Recurring financial income | 75 | €344 | €305 | -€39 | -11.3% |
| Non-recurring financial income | 76B | €23,434 | - | -€23,434 | |
| Financial charges | 65/66B | €22,573 | €21,706 | -€867 | -3.8% |
| Recurring financial charges | 65 | €22,573 | €21,706 | -€867 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €498,293 | €330,402 | -€167,891 | -33.7% |
| Income taxes | 67/77 | €139,217 | €125,047 | -€14,170 | -10.2% |
| Profit (loss) for the period | 9904 | €359,075 | €205,355 | -€153,720 | -42.8% |
| Transfer from tax-exempt reserves | 789 | €301 | - | -€301 | |
| Profit (loss) for the period to be appropriated | 9905 | €359,376 | €205,355 | -€154,021 | -42.9% |
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 21 October 2026 via checked.be.