AURORE: 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.
AURORE
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€30,209
up €30,209 (+27.5%), from €109,984 to €140,192
mainly Other debts (+€120,272) and Current investments (+€100,000)
- Receivables within one year -€15,043
down €15,043 (-91.5%), from €16,438 to €1,395
of which Trade receivables: -€16,438
- Reserves -€181,953
down €181,953 (-76.1%), from €239,202 to €57,248
of which Distributable reserves: -€176,052
- Other debts +€120,272
up €120,272 (+38.8%), from €310,180 to €430,453
- Current portion of long-term debt -€21,925
down €21,925 (-100%), from €21,925 to €0
- Gross operating margin -€191,013
down €191,013 (-79.5%), from €240,145 to €49,131
- Taxes -€42,939
down €42,939 (-86.4%), from €49,703 to €6,764
- Financial charges -€6,536
down €6,536 (-33.3%), from €19,598 to €13,062
- Depreciation +€4,956
up €4,956 (+447%), from €1,108 to €6,064
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,959 | €911,140 | -€91,819 | -9.2% |
| Fixed assets | 21/28 | €772,110 | €766,046 | -€6,064 | -0.8% |
| Tangible fixed assets | 22/27 | €29,178 | €23,114 | -€6,064 | -20.8% |
| Furniture and vehicles | 24 | €29,178 | €23,114 | -€6,064 | -20.8% |
| Financial fixed assets | 28 | €742,932 | €742,932 | = | 0.0% |
| Current assets | 29/58 | €230,849 | €145,094 | -€85,755 | -37.1% |
| Amounts receivable within one year | 40/41 | €16,438 | €1,395 | -€15,043 | -91.5% |
| Trade receivables | 40 | €16,438 | €0 | -€16,438 | -100% |
| Other amounts receivable | 41 | €0 | €1,395 | +€1,395 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €109,984 | €140,192 | +€30,209 | +27.5% |
| Deferred charges and accrued income | 490/1 | €4,428 | €3,506 | -€921 | -20.8% |
| Total equity and liabilities | 10/49 | €1,002,959 | €911,140 | -€91,819 | -9.2% |
| Equity | 10/15 | €439,202 | €257,248 | -€181,953 | -41.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €239,202 | €57,248 | -€181,953 | -76.1% |
| Tax-exempt reserves | 132 | €63,150 | €57,248 | -€5,902 | -9.3% |
| Distributable reserves | 133 | €176,052 | €0 | -€176,052 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €563,758 | €653,892 | +€90,134 | +16.0% |
| Amounts payable after more than one year | 17 | €190,000 | €190,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €190,000 | €190,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €355,006 | €450,946 | +€95,940 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €21,925 | €0 | -€21,925 | -100% |
| Trade debts | 44 | €1,792 | €697 | -€1,096 | -61.1% |
| Suppliers | 440/4 | €1,792 | €697 | -€1,096 | -61.1% |
| Taxes, remuneration and social security | 45 | €21,109 | €19,797 | -€1,312 | -6.2% |
| Taxes | 450/3 | €15,489 | €14,177 | -€1,312 | -8.5% |
| Remuneration and social security | 454/9 | €5,620 | €5,620 | = | 0.0% |
| Other amounts payable | 47/48 | €310,180 | €430,453 | +€120,272 | +38.8% |
| Accrued charges and deferred income | 492/3 | €18,751 | €12,946 | -€5,805 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €6,064 | +€4,956 | +447% |
| Other operating charges | 640/8 | €3,094 | €1,429 | -€1,664 | -53.8% |
| Gross operating margin | 9900 | €240,145 | €49,131 | -€191,013 | -79.5% |
| Operating profit (loss) | 9901 | €235,943 | €41,638 | -€194,305 | -82.4% |
| Financial income | 75/76B | €2,372 | €3,741 | +€1,369 | +57.7% |
| Recurring financial income | 75 | €2,372 | €3,741 | +€1,369 | +57.7% |
| Financial charges | 65/66B | €19,598 | €13,062 | -€6,536 | -33.3% |
| Recurring financial charges | 65 | €19,598 | €13,062 | -€6,536 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €218,717 | €32,317 | -€186,400 | -85.2% |
| Income taxes | 67/77 | €49,703 | €6,764 | -€42,939 | -86.4% |
| Profit (loss) for the period | 9904 | €169,014 | €25,553 | -€143,461 | -84.9% |
| Transfer from tax-exempt reserves | 789 | - | €5,902 | +€5,902 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €169,014 | €31,455 | -€137,559 | -81.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.