Aurea Ratio: 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.
Aurea Ratio
Largest movements
- Cash +€58,881
up €58,881 (+69.6%), from €84,623 to €143,504
mainly Net result for the year (+€53,442) and Depreciation (+€11,756)
- Tangible fixed assets -€8,297
down €8,297 (-16.8%), from €49,445 to €41,148
of which Furniture and vehicles: -€11,324
- Profit (loss) carried forward +€53,442
up €53,442 (+134%), from €39,864 to €93,306
- Debts after one year -€10,142
down €10,142 (-29.5%), from €34,352 to €24,209
- Tax, wage and social debts +€9,711
up €9,711 (+39.1%), from €24,828 to €34,538
of which Taxes: +€13,049
- Other debts -€4,471
down €4,471 (-18.0%), from €24,909 to €20,438
- Gross operating margin +€22,364
up €22,364 (+36.4%), from €61,454 to €83,818
- Taxes +€3,869
up €3,869 (+36.0%), from €10,762 to €14,631
- Depreciation +€2,581
up €2,581 (+28.1%), from €9,176 to €11,756
- Other operating charges +€1,818
up €1,818 (+2,087%), from €87 to €1,905
- Financial charges +€1,446
up €1,446 (+86.6%), from €1,669 to €3,115
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 | €136,734 | €186,543 | +€49,809 | +36.4% |
| Fixed assets | 21/28 | €49,445 | €41,148 | -€8,297 | -16.8% |
| Tangible fixed assets | 22/27 | €49,445 | €41,148 | -€8,297 | -16.8% |
| Plant, machinery and equipment | 23 | €1,698 | €4,725 | +€3,027 | +178% |
| Furniture and vehicles | 24 | €47,747 | €36,423 | -€11,324 | -23.7% |
| Current assets | 29/58 | €87,289 | €145,395 | +€58,106 | +66.6% |
| Amounts receivable within one year | 40/41 | €2,666 | €1,890 | -€775 | -29.1% |
| Trade receivables | 40 | €2,338 | €1,865 | -€473 | -20.2% |
| Other amounts receivable | 41 | €328 | €25 | -€303 | -92.4% |
| Cash at bank and in hand | 54/58 | €84,623 | €143,504 | +€58,881 | +69.6% |
| Total equity and liabilities | 10/49 | €136,734 | €186,543 | +€49,809 | +36.4% |
| Equity | 10/15 | €42,864 | €96,306 | +€53,442 | +125% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,864 | €93,306 | +€53,442 | +134% |
| Amounts payable | 17/49 | €93,869 | €90,236 | -€3,633 | -3.9% |
| Amounts payable after more than one year | 17 | €34,352 | €24,209 | -€10,142 | -29.5% |
| Financial debts | 170/4 | €34,352 | €24,209 | -€10,142 | -29.5% |
| Amounts payable within one year | 42/48 | €59,518 | €66,027 | +€6,509 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €9,781 | €10,142 | +€361 | +3.7% |
| Trade debts | 44 | - | €909 | +€909 | |
| Suppliers | 440/4 | - | €909 | +€909 | |
| Taxes, remuneration and social security | 45 | €24,828 | €34,538 | +€9,711 | +39.1% |
| Taxes | 450/3 | €21,490 | €34,538 | +€13,049 | +60.7% |
| Remuneration and social security | 454/9 | €3,338 | - | -€3,338 | |
| Other amounts payable | 47/48 | €24,909 | €20,438 | -€4,471 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,176 | €11,756 | +€2,581 | +28.1% |
| Other operating charges | 640/8 | €87 | €1,905 | +€1,818 | +2,087% |
| Gross operating margin | 9900 | €61,454 | €83,818 | +€22,364 | +36.4% |
| Operating profit (loss) | 9901 | €52,191 | €70,157 | +€17,965 | +34.4% |
| Financial income | 75/76B | €104 | €1,032 | +€927 | +890% |
| Recurring financial income | 75 | €104 | €1,032 | +€927 | +890% |
| Financial charges | 65/66B | €1,669 | €3,115 | +€1,446 | +86.6% |
| Recurring financial charges | 65 | €1,669 | €3,115 | +€1,446 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | €50,626 | €68,073 | +€17,447 | +34.5% |
| Income taxes | 67/77 | €10,762 | €14,631 | +€3,869 | +36.0% |
| Profit (loss) for the period | 9904 | €39,864 | €53,442 | +€13,578 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,864 | €53,442 | +€13,578 | +34.1% |
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 16 October 2026 via checked.be.