AULA BRUSSELS: 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 BRUSSELS
Largest movements
- Current investments +€1.4m
up €1.4m (+3,793%), from €37,971 to €1.5m
- Receivables within one year -€764,767
down €764,767 (-25.1%), from €3.0m to €2.3m
of which Trade receivables: -€489,346
- Tangible fixed assets +€166,920
up €166,920 (+9.9%), from €1.7m to €1.9m
of which Land and buildings: +€166,787
- Cash -€160,686
down €160,686 (-93.2%), from €172,467 to €11,782
mainly Current investments (-€1.4m) and Contributions, distributions and other (-€761,921)
- Other debts +€831,742
up €831,742, from €0 to €831,742
- Trade debts +€734,555
up €734,555 (+501%), from €146,606 to €881,161
- Tax, wage and social debts -€483,086
down €483,086 (-63.5%), from €760,433 to €277,347
of which Taxes: -€475,590
- Reserves -€283,789
down €283,789 (-7.8%), from €3.6m to €3.3m
of which Distributable reserves: -€188,075
- Debts after one year -€88,756
down €88,756 (-19.2%), from €461,962 to €373,206
- Gross operating margin -€2.2m
down €2.2m (-72.8%), from €3.0m to €820,217
- Taxes -€461,851
down €461,851 (-61.9%), from €746,424 to €284,573
- Staff costs -€132,702
down €132,702, from €125,713 to -€6,989
- Financial income -€122,780
down €122,780 (-56.4%), from €217,617 to €94,837
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 | €5,090,156 | €5,799,358 | +€709,203 | +13.9% |
| Fixed assets | 21/28 | €1,692,403 | €1,855,323 | +€162,920 | +9.6% |
| Tangible fixed assets | 22/27 | €1,688,253 | €1,855,173 | +€166,920 | +9.9% |
| Land and buildings | 22 | €1,665,855 | €1,832,642 | +€166,787 | +10.0% |
| Plant, machinery and equipment | 23 | €3,020 | €2,013 | -€1,007 | -33.3% |
| Furniture and vehicles | 24 | €19,378 | €12,898 | -€6,480 | -33.4% |
| Other tangible fixed assets | 26 | €0 | €7,620 | +€7,620 | |
| Financial fixed assets | 28 | €4,150 | €150 | -€4,000 | -96.4% |
| Current assets | 29/58 | €3,397,753 | €3,944,035 | +€546,283 | +16.1% |
| Amounts receivable after more than one year | 29 | €125,523 | €124,057 | -€1,466 | -1.2% |
| Trade receivables | 290 | €125,523 | €124,057 | -€1,466 | -1.2% |
| Amounts receivable within one year | 40/41 | €3,047,652 | €2,282,885 | -€764,767 | -25.1% |
| Trade receivables | 40 | €1,739,799 | €1,250,453 | -€489,346 | -28.1% |
| Other amounts receivable | 41 | €1,307,853 | €1,032,432 | -€275,421 | -21.1% |
| Current investments | 50/53 | €37,971 | €1,478,353 | +€1.4m | +3,793% |
| Cash at bank and in hand | 54/58 | €172,467 | €11,782 | -€160,686 | -93.2% |
| Deferred charges and accrued income | 490/1 | €14,140 | €46,959 | +€32,820 | +232% |
| Total equity and liabilities | 10/49 | €5,090,156 | €5,799,358 | +€709,203 | +13.9% |
| Equity | 10/15 | €3,628,823 | €3,345,034 | -€283,789 | -7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,622,623 | €3,338,834 | -€283,789 | -7.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €95,714 | €0 | -€95,714 | -100% |
| Distributable reserves | 133 | €3,526,909 | €3,338,834 | -€188,075 | -5.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,461,332 | €2,454,324 | +€992,992 | +68.0% |
| Amounts payable after more than one year | 17 | €461,962 | €373,206 | -€88,756 | -19.2% |
| Financial debts | 170/4 | €461,962 | €373,206 | -€88,756 | -19.2% |
| Amounts payable within one year | 42/48 | €994,830 | €2,080,914 | +€1.1m | +109% |
| Current portion of amounts payable after more than one year | 42 | €87,791 | €89,405 | +€1,615 | +1.8% |
| Financial debts | 43 | €0 | €1,259 | +€1,259 | |
| Credit institutions | 430/8 | €0 | €1,259 | +€1,259 | |
| Trade debts | 44 | €146,606 | €881,161 | +€734,555 | +501% |
| Suppliers | 440/4 | €146,606 | €881,161 | +€734,555 | +501% |
| Taxes, remuneration and social security | 45 | €760,433 | €277,347 | -€483,086 | -63.5% |
| Taxes | 450/3 | €752,937 | €277,347 | -€475,590 | -63.2% |
| Remuneration and social security | 454/9 | €7,496 | €0 | -€7,496 | -100% |
| Other amounts payable | 47/48 | €0 | €831,742 | +€831,742 | |
| Accrued charges and deferred income | 492/3 | €4,541 | €204 | -€4,336 | -95.5% |
| Non-recurring operating income | 76A | €0 | €1,415 | +€1,415 | |
| Remuneration, social security and pensions | 62 | €125,713 | -€6,989 | -€132,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,819 | €128,956 | +€14,137 | +12.3% |
| Other operating charges | 640/8 | €9,104 | €8,219 | -€886 | -9.7% |
| Non-recurring operating charges | 66A | €0 | €7,503 | +€7,503 | |
| Gross operating margin | 9900 | €3,016,679 | €820,217 | -€2.2m | -72.8% |
| Operating profit (loss) | 9901 | €2,767,043 | €682,529 | -€2.1m | -75.3% |
| Financial income | 75/76B | €217,617 | €94,837 | -€122,780 | -56.4% |
| Recurring financial income | 75 | €217,617 | €94,837 | -€122,780 | -56.4% |
| Financial charges | 65/66B | €21,180 | €14,661 | -€6,519 | -30.8% |
| Recurring financial charges | 65 | €21,180 | €14,661 | -€6,519 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €2,963,481 | €762,705 | -€2.2m | -74.3% |
| Income taxes | 67/77 | €746,424 | €284,573 | -€461,851 | -61.9% |
| Profit (loss) for the period | 9904 | €2,217,057 | €478,132 | -€1.7m | -78.4% |
| Transfer from tax-exempt reserves | 789 | - | €95,714 | +€95,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,217,057 | €573,846 | -€1.6m | -74.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.