Aurélio Bo: what changed
Two fiscal 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.
Aurélio Bo
Largest movements
- Receivables within one year +€28,766
up €28,766 (+80.2%), from €35,886 to €64,652
of which Other amounts receivable: +€28,766
- Cash +€15,778
up €15,778 (+24.0%), from €65,701 to €81,479
mainly Net result for the year (+€36,309) and Depreciation (+€11,456)
- Tangible fixed assets -€7,793
down €7,793 (-31.9%), from €24,419 to €16,626
of which Furniture and vehicles: -€4,872
- Intangible fixed assets -€3,250
down €3,250 (-12.1%), from €26,813 to €23,563
- Stocks and contracts +€3,000
up €3,000 (+30.0%), from €10,000 to €13,000
- Reserves +€36,309
up €36,309 (+60.4%), from €60,078 to €96,387
- Trade debts -€7,068
down €7,068 (-28.5%), from €24,764 to €17,696
- Tax, wage and social debts +€4,511
up €4,511 (+13.7%), from €32,976 to €37,487
of which Taxes: +€9,637
- Accrued charges and deferred income +€3,440
new in 2024: €3,440
- Gross operating margin -€104,822
down €104,822 (-49.6%), from €211,380 to €106,559
- Staff costs -€59,996
down €59,996 (-56.3%), from €106,496 to €46,500
- Depreciation -€8,567
down €8,567 (-42.8%), from €20,023 to €11,456
- Taxes -€6,135
down €6,135 (-39.5%), from €15,523 to €9,388
- Financial charges -€4,490
down €4,490 (-77.0%), from €5,834 to €1,344
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,818 | €200,010 | +€37,192 | +22.8% |
| Fixed assets | 21/28 | €51,232 | €40,189 | -€11,043 | -21.6% |
| Intangible fixed assets | 21 | €26,813 | €23,563 | -€3,250 | -12.1% |
| Tangible fixed assets | 22/27 | €24,419 | €16,626 | -€7,793 | -31.9% |
| Plant, machinery and equipment | 23 | €5,847 | €4,447 | -€1,401 | -24.0% |
| Furniture and vehicles | 24 | €13,631 | €8,758 | -€4,872 | -35.7% |
| Other tangible fixed assets | 26 | €4,941 | €3,421 | -€1,520 | -30.8% |
| Current assets | 29/58 | €111,587 | €159,822 | +€48,235 | +43.2% |
| Stocks and contracts in progress | 3 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Stocks | 30/36 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Amounts receivable within one year | 40/41 | €35,886 | €64,652 | +€28,766 | +80.2% |
| Trade receivables | 40 | €6,290 | €6,290 | = | 0.0% |
| Other amounts receivable | 41 | €29,596 | €58,362 | +€28,766 | +97.2% |
| Cash at bank and in hand | 54/58 | €65,701 | €81,479 | +€15,778 | +24.0% |
| Deferred charges and accrued income | 490/1 | - | €691 | +€691 | |
| Total equity and liabilities | 10/49 | €162,818 | €200,010 | +€37,192 | +22.8% |
| Equity | 10/15 | €105,078 | €141,387 | +€36,309 | +34.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €60,078 | €96,387 | +€36,309 | +60.4% |
| Distributable reserves | 133 | €60,078 | €96,387 | +€36,309 | +60.4% |
| Amounts payable | 17/49 | €57,740 | €58,623 | +€883 | +1.5% |
| Amounts payable within one year | 42/48 | €57,740 | €55,183 | -€2,557 | -4.4% |
| Trade debts | 44 | €24,764 | €17,696 | -€7,068 | -28.5% |
| Suppliers | 440/4 | €24,764 | €17,696 | -€7,068 | -28.5% |
| Taxes, remuneration and social security | 45 | €32,976 | €37,487 | +€4,511 | +13.7% |
| Taxes | 450/3 | €22,540 | €32,177 | +€9,637 | +42.8% |
| Remuneration and social security | 454/9 | €10,436 | €5,311 | -€5,125 | -49.1% |
| Accrued charges and deferred income | 492/3 | - | €3,440 | +€3,440 | |
| Remuneration, social security and pensions | 62 | €106,496 | €46,500 | -€59,996 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,023 | €11,456 | -€8,567 | -42.8% |
| Other operating charges | 640/8 | €4,040 | €3,640 | -€401 | -9.9% |
| Non-recurring operating charges | 66A | -€20 | - | +€20 | |
| Gross operating margin | 9900 | €211,380 | €106,559 | -€104,822 | -49.6% |
| Operating profit (loss) | 9901 | €80,842 | €44,963 | -€35,878 | -44.4% |
| Financial income | 75/76B | €593 | €2,078 | +€1,485 | +250.1% |
| Recurring financial income | 75 | €593 | €2,078 | +€1,485 | +250.1% |
| Financial charges | 65/66B | €5,834 | €1,344 | -€4,490 | -77.0% |
| Recurring financial charges | 65 | €5,834 | €1,344 | -€4,490 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €75,601 | €45,697 | -€29,904 | -39.6% |
| Income taxes | 67/77 | €15,523 | €9,388 | -€6,135 | -39.5% |
| Profit (loss) for the period | 9904 | €60,078 | €36,309 | -€23,769 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,078 | €36,309 | -€23,769 | -39.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.