AUREAX CAPITAL: 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.
AUREAX CAPITAL
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+54.6%), from €3.7m to €5.8m
of which Land and buildings: +€2.0m
- Current investments +€400,000
new in 2025: €400,000
- Cash -€113,596
down €113,596 (-23.6%), from €480,633 to €367,037
mainly Investment in fixed assets (net) (-€2.2m) and Current investments (-€400,000)
- Revaluation surpluses +€1.4m
new in 2025: €1.4m
- Contributions +€820,000
up €820,000 (+1,323%), from €62,000 to €882,000
- Reserves +€258,368
up €258,368 (+23.3%), from €1.1m to €1.4m
of which Tax-exempt reserves: +€258,368
- Debts after one year -€197,388
down €197,388 (-11.9%), from €1.7m to €1.5m
of which Financial debts: -€199,538
- Financial income +€353,432
up €353,432 (+2,870%), from €12,314 to €365,746
of which Non-recurring financial income: +€362,415
- Gross operating margin +€43,828
up €43,828 (+40.1%), from €109,397 to €153,225
- Financial charges +€16,888
up €16,888 (+40.2%), from €41,993 to €58,881
- Depreciation -€15,267
down €15,267 (-9.2%), from €166,122 to €150,855
- Other operating charges +€7,954
up €7,954 (+84.5%), from €9,417 to €17,371
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 | €4,720,876 | €7,033,685 | +€2.3m | +49.0% |
| Fixed assets | 21/28 | €4,018,682 | €6,048,774 | +€2.0m | +50.5% |
| Intangible fixed assets | 21 | €29,998 | €29,998 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,746,766 | €5,793,010 | +€2.0m | +54.6% |
| Land and buildings | 22 | €3,620,707 | €5,641,551 | +€2.0m | +55.8% |
| Plant, machinery and equipment | 23 | - | €1,848 | +€1,848 | |
| Furniture and vehicles | 24 | €183 | €0 | -€183 | -100% |
| Other tangible fixed assets | 26 | €125,876 | €125,876 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €23,735 | +€23,735 | |
| Financial fixed assets | 28 | €241,917 | €225,765 | -€16,152 | -6.7% |
| Current assets | 29/58 | €702,195 | €984,911 | +€282,717 | +40.3% |
| Amounts receivable within one year | 40/41 | €205,952 | €206,204 | +€253 | +0.1% |
| Trade receivables | 40 | - | €52,753 | +€52,753 | |
| Other amounts receivable | 41 | €205,952 | €153,452 | -€52,500 | -25.5% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €480,633 | €367,037 | -€113,596 | -23.6% |
| Deferred charges and accrued income | 490/1 | €15,610 | €11,670 | -€3,940 | -25.2% |
| Total equity and liabilities | 10/49 | €4,720,876 | €7,033,685 | +€2.3m | +49.0% |
| Equity | 10/15 | €1,972,760 | €4,439,349 | +€2.5m | +125% |
| Contributions | 10/11 | €62,000 | €882,000 | +€820,000 | +1,323% |
| Capital | 10 | €62,000 | €882,000 | +€820,000 | +1,323% |
| Issued capital | 100 | €62,000 | €882,000 | +€820,000 | +1,323% |
| Revaluation surpluses | 12 | - | €1,405,000 | +€1.4m | |
| Reserves | 13 | €1,109,082 | €1,367,450 | +€258,368 | +23.3% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Tax-exempt reserves | 132 | €888,687 | €1,147,055 | +€258,368 | +29.1% |
| Distributable reserves | 133 | €205,521 | €205,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | €801,679 | €784,899 | -€16,779 | -2.1% |
| Provisions and deferred taxes | 16 | €296,229 | €346,504 | +€50,275 | +17.0% |
| Deferred taxes | 168 | €296,229 | €346,504 | +€50,275 | +17.0% |
| Amounts payable | 17/49 | €2,451,887 | €2,247,832 | -€204,056 | -8.3% |
| Amounts payable after more than one year | 17 | €1,664,548 | €1,467,160 | -€197,388 | -11.9% |
| Financial debts | 170/4 | €1,655,268 | €1,455,730 | -€199,538 | -12.1% |
| Other amounts payable | 178/9 | €9,280 | €11,430 | +€2,150 | +23.2% |
| Amounts payable within one year | 42/48 | €786,314 | €778,097 | -€8,217 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €156,548 | €133,468 | -€23,080 | -14.7% |
| Financial debts | 43 | €290,000 | €290,000 | = | 0.0% |
| Credit institutions | 430/8 | €290,000 | €290,000 | = | 0.0% |
| Trade debts | 44 | €7,729 | €39,609 | +€31,880 | +412% |
| Suppliers | 440/4 | €7,729 | €39,609 | +€31,880 | +412% |
| Taxes, remuneration and social security | 45 | €2,824 | €6,306 | +€3,481 | +123% |
| Taxes | 450/3 | €2,824 | €6,306 | +€3,481 | +123% |
| Other amounts payable | 47/48 | €329,213 | €308,714 | -€20,499 | -6.2% |
| Accrued charges and deferred income | 492/3 | €1,025 | €2,575 | +€1,550 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,122 | €150,855 | -€15,267 | -9.2% |
| Other operating charges | 640/8 | €9,417 | €17,371 | +€7,954 | +84.5% |
| Gross operating margin | 9900 | €109,397 | €153,225 | +€43,828 | +40.1% |
| Operating profit (loss) | 9901 | -€66,143 | -€15,001 | +€51,141 | +77.3% |
| Financial income | 75/76B | €12,314 | €365,746 | +€353,432 | +2,870% |
| Recurring financial income | 75 | €12,314 | €3,332 | -€8,983 | -72.9% |
| Non-recurring financial income | 76B | - | €362,415 | +€362,415 | |
| Financial charges | 65/66B | €41,993 | €58,881 | +€16,888 | +40.2% |
| Recurring financial charges | 65 | €41,993 | €58,881 | +€16,888 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€95,821 | €291,864 | +€387,685 | |
| Transfer from deferred taxes | 780 | €13,443 | €13,443 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €90,604 | +€90,604 | |
| Profit (loss) for the period | 9904 | -€82,378 | €214,703 | +€297,082 | |
| Transfer from tax-exempt reserves | 789 | €40,329 | €40,329 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €271,811 | +€271,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,050 | -€16,779 | +€25,270 | +60.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.