Aulona Capital: what changed
Aulona Capital
Largest movements
- Tangible fixed assets +€580,676
up €580,676 (+158%), from €367,332 to €948,008
of which Land and buildings: +€612,714
- Cash -€42,710
down €42,710 (-70.7%), from €60,370 to €17,660
mainly Investment in fixed assets (net) (-€616,888) and Net result for the year (-€10,509)
- Receivables within one year -€36,555
no longer reported in 2025 (was €36,555)
of which Trade receivables: -€28,956
- Debts after one year +€413,497
up €413,497 (+376%), from €109,876 to €523,373
- Other debts +€50,500
up €50,500 (+170%), from €29,649 to €80,149
- Trade debts +€26,030
up €26,030 (+323%), from €8,063 to €34,093
- Current portion of long-term debt +€14,534
up €14,534 (+110%), from €13,184 to €27,718
- Profit (loss) carried forward -€10,509
down €10,509 (-3.5%), from €297,613 to €287,104
- Purchases and services +€404,022
new in 2025: €404,022
- Staff costs +€83,304
up €83,304 (+174%), from €47,896 to €131,200
- Taxes -€58,574
down €58,574 (-98.7%), from €59,346 to €772
- Other operating charges +€14,029
up €14,029 (+439%), from €3,196 to €17,225
- Gross operating margin +€13,022
up €13,022 (+8.0%), from €162,921 to €175,943
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,695 | €968,931 | +€498,236 | +106% |
| Fixed assets | 21/28 | €370,595 | €951,271 | +€580,676 | +157% |
| Tangible fixed assets | 22/27 | €367,332 | €948,008 | +€580,676 | +158% |
| Land and buildings | 22 | €285,111 | €897,825 | +€612,714 | +215% |
| Plant, machinery and equipment | 23 | €5,779 | €3,453 | -€2,326 | -40.2% |
| Furniture and vehicles | 24 | €76,442 | €46,730 | -€29,712 | -38.9% |
| Financial fixed assets | 28 | €3,263 | €3,263 | = | 0.0% |
| Current assets | 29/58 | €100,100 | €17,660 | -€82,440 | -82.4% |
| Amounts receivable within one year | 40/41 | €36,555 | - | -€36,555 | |
| Trade receivables | 40 | €28,956 | - | -€28,956 | |
| Other amounts receivable | 41 | €7,599 | - | -€7,599 | |
| Cash at bank and in hand | 54/58 | €60,370 | €17,660 | -€42,710 | -70.7% |
| Deferred charges and accrued income | 490/1 | €3,175 | - | -€3,175 | |
| Total equity and liabilities | 10/49 | €470,695 | €968,931 | +€498,236 | +106% |
| Equity | 10/15 | €300,113 | €289,604 | -€10,509 | -3.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,613 | €287,104 | -€10,509 | -3.5% |
| Amounts payable | 17/49 | €170,582 | €679,327 | +€508,745 | +298% |
| Amounts payable after more than one year | 17 | €109,876 | €523,373 | +€413,497 | +376% |
| Financial debts | 170/4 | €109,876 | €523,373 | +€413,497 | +376% |
| Amounts payable within one year | 42/48 | €60,706 | €155,954 | +€95,248 | +157% |
| Current portion of amounts payable after more than one year | 42 | €13,184 | €27,718 | +€14,534 | +110% |
| Financial debts | 43 | - | €7,503 | +€7,503 | |
| Other loans | 439 | - | €7,503 | +€7,503 | |
| Trade debts | 44 | €8,063 | €34,093 | +€26,030 | +323% |
| Suppliers | 440/4 | €8,063 | €34,093 | +€26,030 | +323% |
| Taxes, remuneration and social security | 45 | €9,810 | €6,491 | -€3,319 | -33.8% |
| Remuneration and social security | 454/9 | €9,810 | €6,491 | -€3,319 | -33.8% |
| Other amounts payable | 47/48 | €29,649 | €80,149 | +€50,500 | +170% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €404,022 | +€404,022 | |
| Remuneration, social security and pensions | 62 | €47,896 | €131,200 | +€83,304 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,718 | €36,212 | +€3,494 | +10.7% |
| Other operating charges | 640/8 | €3,196 | €17,225 | +€14,029 | +439% |
| Gross operating margin | 9900 | €162,921 | €175,943 | +€13,022 | +8.0% |
| Operating profit (loss) | 9901 | €79,111 | -€8,694 | -€87,805 | |
| Financial income | 75/76B | €40 | €4,491 | +€4,451 | +11,128% |
| Recurring financial income | 75 | €40 | €1 | -€39 | -97.5% |
| Non-recurring financial income | 76B | - | €4,490 | +€4,490 | |
| Financial charges | 65/66B | €5,189 | €5,534 | +€345 | +6.6% |
| Recurring financial charges | 65 | €5,189 | €5,534 | +€345 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €73,962 | -€9,737 | -€83,699 | |
| Income taxes | 67/77 | €59,346 | €772 | -€58,574 | -98.7% |
| Profit (loss) for the period | 9904 | €14,616 | -€10,509 | -€25,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,616 | -€10,509 | -€25,125 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.