Aurélie De Troch: 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.
Aurélie De Troch
Largest movements
- Cash -€11,641
down €11,641 (-47.9%), from €24,310 to €12,669
mainly Debts after one year (-€12,582) and Tax, wage and social debts (-€7,659)
- Tangible fixed assets -€4,282
down €4,282 (-1.5%), from €293,450 to €289,168
of which Land and buildings: -€2,690
- Receivables within one year -€3,941
down €3,941 (-69.8%), from €5,643 to €1,702
of which Trade receivables: -€2,604
- Debts after one year -€12,582
down €12,582 (-5.6%), from €223,047 to €210,465
- Tax, wage and social debts -€7,659
down €7,659 (-98.5%), from €7,775 to €116
- Depreciation +€5,627
up €5,627 (+99.1%), from €5,676 to €11,303
- Other operating charges -€4,864
down €4,864 (-53.5%), from €9,090 to €4,226
- Gross operating margin +€4,790
up €4,790 (+21.3%), from €22,454 to €27,244
- Financial charges +€4,168
up €4,168 (+58.7%), from €7,100 to €11,268
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 | €329,241 | €306,727 | -€22,514 | -6.8% |
| Fixed assets | 21/28 | €296,210 | €289,168 | -€7,042 | -2.4% |
| Tangible fixed assets | 22/27 | €293,450 | €289,168 | -€4,282 | -1.5% |
| Land and buildings | 22 | €288,974 | €286,284 | -€2,690 | -0.9% |
| Plant, machinery and equipment | 23 | €4,476 | €2,884 | -€1,592 | -35.6% |
| Financial fixed assets | 28 | €2,760 | €0 | -€2,760 | -100% |
| Current assets | 29/58 | €33,030 | €17,558 | -€15,472 | -46.8% |
| Amounts receivable within one year | 40/41 | €5,643 | €1,702 | -€3,941 | -69.8% |
| Trade receivables | 40 | €4,306 | €1,702 | -€2,604 | -60.5% |
| Other amounts receivable | 41 | €1,337 | €0 | -€1,337 | -100% |
| Cash at bank and in hand | 54/58 | €24,310 | €12,669 | -€11,641 | -47.9% |
| Deferred charges and accrued income | 490/1 | €3,077 | €3,187 | +€111 | +3.6% |
| Total equity and liabilities | 10/49 | €329,241 | €306,727 | -€22,514 | -6.8% |
| Equity | 10/15 | €18,150 | €18,480 | +€331 | +1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,150 | €13,480 | +€331 | +2.5% |
| Distributable reserves | 133 | €13,150 | €13,480 | +€331 | +2.5% |
| Amounts payable | 17/49 | €311,091 | €288,246 | -€22,845 | -7.3% |
| Amounts payable after more than one year | 17 | €223,047 | €210,465 | -€12,582 | -5.6% |
| Financial debts | 170/4 | €223,047 | €210,465 | -€12,582 | -5.6% |
| Amounts payable within one year | 42/48 | €88,043 | €77,781 | -€10,262 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €12,084 | €12,582 | +€498 | +4.1% |
| Trade debts | 44 | €5,035 | €1,763 | -€3,272 | -65.0% |
| Suppliers | 440/4 | €5,035 | €1,763 | -€3,272 | -65.0% |
| Taxes, remuneration and social security | 45 | €7,775 | €116 | -€7,659 | -98.5% |
| Taxes | 450/3 | €7,775 | €116 | -€7,659 | -98.5% |
| Other amounts payable | 47/48 | €63,148 | €63,320 | +€171 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,676 | €11,303 | +€5,627 | +99.1% |
| Other operating charges | 640/8 | €9,090 | €4,226 | -€4,864 | -53.5% |
| Gross operating margin | 9900 | €22,454 | €27,244 | +€4,790 | +21.3% |
| Operating profit (loss) | 9901 | €7,687 | €11,715 | +€4,028 | +52.4% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €7,100 | €11,268 | +€4,168 | +58.7% |
| Recurring financial charges | 65 | €7,100 | €11,268 | +€4,168 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €602 | €447 | -€155 | -25.8% |
| Income taxes | 67/77 | €286 | €116 | -€170 | -59.4% |
| Profit (loss) for the period | 9904 | €316 | €331 | +€14 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €316 | €331 | +€14 | +4.5% |
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 26 October 2026 via checked.be.