AURELIE RODEYNS: 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.
AURELIE RODEYNS
Largest movements
- Cash -€43,332
down €43,332 (-24.6%), from €175,924 to €132,592
mainly Contributions, distributions and other (-€216,697) and Current portion of long-term debt (-€41,353)
- Intangible fixed assets -€30,073
down €30,073 (-27.0%), from €111,312 to €81,239
- Tangible fixed assets -€25,451
down €25,451 (-6.2%), from €412,326 to €386,875
of which Land and buildings: -€19,681
- Deferred charges and accrued income +€9,519
up €9,519 (+24.4%), from €39,036 to €48,555
- Reserves -€80,715
down €80,715 (-48.4%), from €166,698 to €85,982
- Other debts +€45,743
up €45,743 (+35.7%), from €127,972 to €173,716
- Current portion of long-term debt -€41,353
down €41,353 (-54.8%), from €75,499 to €34,147
- Debts after one year -€34,147
down €34,147 (-10.3%), from €332,091 to €297,944
- Tax, wage and social debts +€19,579
up €19,579 (+54.0%), from €36,227 to €55,806
of which Remuneration and social security: +€12,810
- Staff costs +€79,327
up €79,327 (+51.3%), from €154,525 to €233,852
- Gross operating margin +€40,321
up €40,321 (+9.1%), from €443,818 to €484,140
- Taxes -€9,800
down €9,800 (-18.7%), from €52,407 to €42,607
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 | €760,473 | €671,136 | -€89,337 | -11.7% |
| Fixed assets | 21/28 | €523,638 | €468,114 | -€55,524 | -10.6% |
| Intangible fixed assets | 21 | €111,312 | €81,239 | -€30,073 | -27.0% |
| Tangible fixed assets | 22/27 | €412,326 | €386,875 | -€25,451 | -6.2% |
| Land and buildings | 22 | €400,788 | €381,107 | -€19,681 | -4.9% |
| Plant, machinery and equipment | 23 | €6,463 | €3,166 | -€3,297 | -51.0% |
| Furniture and vehicles | 24 | €5,075 | €2,602 | -€2,473 | -48.7% |
| Current assets | 29/58 | €236,835 | €203,022 | -€33,813 | -14.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €21,875 | €21,875 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,924 | €132,592 | -€43,332 | -24.6% |
| Deferred charges and accrued income | 490/1 | €39,036 | €48,555 | +€9,519 | +24.4% |
| Total equity and liabilities | 10/49 | €760,473 | €671,136 | -€89,337 | -11.7% |
| Equity | 10/15 | €185,248 | €104,532 | -€80,715 | -43.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €166,698 | €85,982 | -€80,715 | -48.4% |
| Distributable reserves | 133 | €166,698 | €85,982 | -€80,715 | -48.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €575,225 | €566,604 | -€8,622 | -1.5% |
| Amounts payable after more than one year | 17 | €332,091 | €297,944 | -€34,147 | -10.3% |
| Financial debts | 170/4 | €332,091 | €297,944 | -€34,147 | -10.3% |
| Amounts payable within one year | 42/48 | €243,134 | €268,659 | +€25,525 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €75,499 | €34,147 | -€41,353 | -54.8% |
| Trade debts | 44 | €3,436 | €4,991 | +€1,555 | +45.3% |
| Suppliers | 440/4 | €3,436 | €4,991 | +€1,555 | +45.3% |
| Taxes, remuneration and social security | 45 | €36,227 | €55,806 | +€19,579 | +54.0% |
| Taxes | 450/3 | €14,660 | €21,429 | +€6,769 | +46.2% |
| Remuneration and social security | 454/9 | €21,567 | €34,377 | +€12,810 | +59.4% |
| Other amounts payable | 47/48 | €127,972 | €173,716 | +€45,743 | +35.7% |
| Remuneration, social security and pensions | 62 | €154,525 | €233,852 | +€79,327 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,334 | €62,649 | +€315 | +0.5% |
| Other operating charges | 640/8 | €2,258 | €2,899 | +€641 | +28.4% |
| Gross operating margin | 9900 | €443,818 | €484,140 | +€40,321 | +9.1% |
| Operating profit (loss) | 9901 | €224,702 | €184,741 | -€39,961 | -17.8% |
| Financial income | 75/76B | €925 | €1,719 | +€793 | +85.7% |
| Recurring financial income | 75 | €925 | €1,719 | +€793 | +85.7% |
| Financial charges | 65/66B | €10,116 | €7,871 | -€2,245 | -22.2% |
| Recurring financial charges | 65 | €10,116 | €7,871 | -€2,245 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €215,512 | €178,588 | -€36,923 | -17.1% |
| Income taxes | 67/77 | €52,407 | €42,607 | -€9,800 | -18.7% |
| Profit (loss) for the period | 9904 | €163,105 | €135,982 | -€27,123 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €163,105 | €135,982 | -€27,123 | -16.6% |
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 28 October 2026 via checked.be.