AURORA: 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.
AURORA
Largest movements
- Financial fixed assets +€7.0m
up €7.0m (+52.0%), from €13.4m to €20.4m
- Current investments -€6.3m
down €6.3m (-100%), from €6.3m to €0
- Cash +€1.4m
up €1.4m (+88.1%), from €1.6m to €3.1m
mainly Current investments (+€6.3m) and Net result for the year (+€998,005)
- Receivables within one year -€940,480
down €940,480 (-95.2%), from €987,902 to €47,421
of which Other amounts receivable: -€887,979
- Profit (loss) carried forward +€3.6m
up €3.6m (+372%), from €955,520 to €4.5m
- Reserves -€2.6m
down €2.6m (-25.8%), from €9.9m to €7.3m
of which Tax-exempt reserves: -€2.6m
- Financial income +€5.4m
up €5.4m (+891%), from €602,862 to €6.0m
of which Non-recurring financial income: +€5.6m
- Financial charges +€4.5m
up €4.5m (+164,944%), from €2,739 to €4.5m
of which Non-recurring financial charges: +€4.5m
- Taxes +€191,389
up €191,389 (+1,826%), from €10,483 to €201,872
of which Taxes: +€191,867
- Services and other goods +€56,791
up €56,791 (+30.8%), from €184,599 to €241,390
- Turnover -€49,393
down €49,393 (-9.4%), from €526,990 to €477,597
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 | €22,383,427 | €23,572,464 | +€1.2m | +5.3% |
| Fixed assets | 21/28 | €13,440,040 | €20,430,984 | +€7.0m | +52.0% |
| Financial fixed assets | 28 | €13,440,040 | €20,430,984 | +€7.0m | +52.0% |
| Affiliated companies | 280/1 | €13,440,040 | €20,430,984 | +€7.0m | +52.0% |
| Participating interests | 280 | €8,440,040 | €11,595,856 | +€3.2m | +37.4% |
| Amounts receivable | 281 | €5,000,000 | €8,835,127 | +€3.8m | +76.7% |
| Current assets | 29/58 | €8,943,387 | €3,141,481 | -€5.8m | -64.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €987,902 | €47,421 | -€940,480 | -95.2% |
| Trade receivables | 40 | €52,502 | €0 | -€52,502 | -100% |
| Other amounts receivable | 41 | €935,400 | €47,421 | -€887,979 | -94.9% |
| Current investments | 50/53 | €6,300,000 | €0 | -€6.3m | -100% |
| Other investments | 51/53 | €6,300,000 | €0 | -€6.3m | -100% |
| Cash at bank and in hand | 54/58 | €1,642,999 | €3,089,897 | +€1.4m | +88.1% |
| Deferred charges and accrued income | 490/1 | €12,487 | €4,162 | -€8,325 | -66.7% |
| Total equity and liabilities | 10/49 | €22,383,427 | €23,572,464 | +€1.2m | +5.3% |
| Equity | 10/15 | €22,248,428 | €23,246,433 | +€998,005 | +4.5% |
| Contributions | 10/11 | €11,395,352 | €11,395,352 | = | 0.0% |
| Capital | 10 | €11,395,351 | €11,395,351 | = | 0.0% |
| Issued capital | 100 | €11,395,351 | €11,395,351 | = | 0.0% |
| Contributions outside capital | 11 | €1 | €1 | = | 0.0% |
| Share premium | 1100/10 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €9,897,556 | €7,343,381 | -€2.6m | -25.8% |
| Non-distributable reserves | 130/1 | €922,604 | €980,304 | +€57,700 | +6.3% |
| Legal reserve | 130 | €920,379 | €978,079 | +€57,700 | +6.3% |
| Other | 1319 | €2,225 | €2,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,611,875 | €0 | -€2.6m | -100% |
| Distributable reserves | 133 | €6,363,077 | €6,363,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | €955,520 | €4,507,699 | +€3.6m | +372% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €134,999 | €326,032 | +€191,032 | +142% |
| Amounts payable within one year | 42/48 | €125,398 | €324,306 | +€198,908 | +159% |
| Trade debts | 44 | €20,138 | €48,972 | +€28,834 | +143% |
| Suppliers | 440/4 | €20,138 | €48,972 | +€28,834 | +143% |
| Taxes, remuneration and social security | 45 | €105,260 | €275,334 | +€170,074 | +162% |
| Taxes | 450/3 | €28,824 | €209,148 | +€180,324 | +626% |
| Remuneration and social security | 454/9 | €76,436 | €66,186 | -€10,250 | -13.4% |
| Accrued charges and deferred income | 492/3 | €9,601 | €1,726 | -€7,875 | -82.0% |
| Operating income | 70/76A | €530,419 | €479,201 | -€51,218 | -9.7% |
| Turnover | 70 | €526,990 | €477,597 | -€49,393 | -9.4% |
| Other operating income | 74 | €3,429 | €1,604 | -€1,825 | -53.2% |
| Operating charges | 60/66A | €699,435 | €732,585 | +€33,151 | +4.7% |
| Services and other goods | 61 | €184,599 | €241,390 | +€56,791 | +30.8% |
| Remuneration, social security and pensions | 62 | €515,768 | €489,978 | -€25,790 | -5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,077 | €0 | +€2,077 | |
| Other operating charges | 640/8 | €1,144 | €1,217 | +€74 | +6.5% |
| Non-recurring operating charges | 66A | €1 | €0 | -€1 | -100% |
| Operating profit (loss) | 9901 | -€169,016 | -€253,385 | -€84,369 | -49.9% |
| Financial income | 75/76B | €602,862 | €5,973,277 | +€5.4m | +891% |
| Recurring financial income | 75 | €602,862 | €423,277 | -€179,585 | -29.8% |
| Income from current assets | 751 | €602,862 | €421,632 | -€181,230 | -30.1% |
| Other financial income | 752/9 | - | €1,645 | +€1,645 | |
| Non-recurring financial income | 76B | - | €5,550,000 | +€5.6m | |
| Financial charges | 65/66B | €2,739 | €4,520,016 | +€4.5m | +164,944% |
| Recurring financial charges | 65 | €2,739 | €4,959 | +€2,221 | +81.1% |
| Debt charges | 650 | €2,168 | €4,159 | +€1,991 | +91.8% |
| Other financial charges | 652/9 | €571 | €801 | +€230 | +40.3% |
| Non-recurring financial charges | 66B | - | €4,515,056 | +€4.5m | |
| Profit (loss) for the period before taxes | 9903 | €431,107 | €1,199,877 | +€768,769 | +178% |
| Income taxes | 67/77 | €10,483 | €201,872 | +€191,389 | +1,826% |
| Taxes | 670/3 | €10,483 | €202,349 | +€191,867 | +1,830% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €478 | +€478 | |
| Profit (loss) for the period | 9904 | €420,625 | €998,005 | +€577,380 | +137% |
| Transfer from tax-exempt reserves | 789 | - | €2,611,875 | +€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €420,625 | €3,609,880 | +€3.2m | +758% |
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 18 October 2026 via checked.be.