AUTENTIC: 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.
AUTENTIC
Largest movements
- Stocks and contracts -€435,004
down €435,004 (-36.9%), from €1.2m to €744,078
- Receivables within one year +€390,945
up €390,945 (+469.8%), from €83,214 to €474,159
of which Trade receivables: +€402,080
- Intangible fixed assets -€64,612
down €64,612 (-63.4%), from €101,941 to €37,328
- Cash -€18,542
down €18,542 (-33.4%), from €55,576 to €37,034
mainly Receivables within one year (-€390,945) and Trade debts (-€116,411)
- Trade debts -€116,411
down €116,411 (-46.5%), from €250,586 to €134,174
of which Suppliers: -€71,956
- Other debts -€68,651
down €68,651 (-2.7%), from €2.5m to €2.5m
- Profit (loss) carried forward +€45,238
up €45,238 (+3.0%), from -€1.5m to -€1.4m
- Staff costs -€115,702
down €115,702 (-28.8%), from €401,311 to €285,609
- Gross operating margin -€58,333
down €58,333 (-14.0%), from €416,826 to €358,493
- Depreciation -€28,318
down €28,318 (-30.5%), from €92,931 to €64,612
- Write-downs +€9,269
up €9,269 (+21.4%), from -€43,249 to -€33,980
- Financial income +€6,424
up €6,424 (+158.6%), from €4,049 to €10,474
of which Non-recurring financial income: +€5,664
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.
Cash bridge derived
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 | €1,424,972 | €1,292,599 | -€132,373 | -9.3% |
| Fixed assets | 21/28 | €107,100 | €37,328 | -€69,771 | -65.1% |
| Intangible fixed assets | 21 | €101,941 | €37,328 | -€64,612 | -63.4% |
| Tangible fixed assets | 22/27 | €4,959 | - | -€4,959 | |
| Furniture and vehicles | 24 | €4,959 | - | -€4,959 | |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €1,317,872 | €1,255,271 | -€62,602 | -4.8% |
| Stocks and contracts in progress | 3 | €1,179,082 | €744,078 | -€435,004 | -36.9% |
| Stocks | 30/36 | €1,179,082 | €744,078 | -€435,004 | -36.9% |
| Amounts receivable within one year | 40/41 | €83,214 | €474,159 | +€390,945 | +469.8% |
| Trade receivables | 40 | €70,945 | €473,024 | +€402,080 | +566.8% |
| Other amounts receivable | 41 | €12,269 | €1,134 | -€11,135 | -90.8% |
| Cash at bank and in hand | 54/58 | €55,576 | €37,034 | -€18,542 | -33.4% |
| Total equity and liabilities | 10/49 | €1,424,972 | €1,292,599 | -€132,373 | -9.3% |
| Equity | 10/15 | -€1,429,015 | -€1,383,777 | +€45,238 | +3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,490,515 | -€1,445,277 | +€45,238 | +3.0% |
| Amounts payable | 17/49 | €2,853,987 | €2,676,376 | -€177,611 | -6.2% |
| Amounts payable within one year | 42/48 | €2,853,987 | €2,672,847 | -€181,140 | -6.3% |
| Trade debts | 44 | €250,586 | €134,174 | -€116,411 | -46.5% |
| Suppliers | 440/4 | €206,131 | €134,174 | -€71,956 | -34.9% |
| Bills of exchange payable | 441 | €44,455 | - | -€44,455 | |
| Taxes, remuneration and social security | 45 | €54,750 | €58,673 | +€3,923 | +7.2% |
| Taxes | 450/3 | €556 | €58,673 | +€58,116 | +10451.9% |
| Remuneration and social security | 454/9 | €54,194 | - | -€54,194 | |
| Other amounts payable | 47/48 | €2,548,651 | €2,480,000 | -€68,651 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €3,529 | +€3,529 | |
| Non-recurring operating income | 76A | €40 | - | -€40 | |
| Remuneration, social security and pensions | 62 | €401,311 | €285,609 | -€115,702 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,931 | €64,612 | -€28,318 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43,249 | -€33,980 | +€9,269 | +21.4% |
| Other operating charges | 640/8 | €3,245 | €2,182 | -€1,063 | -32.8% |
| Gross operating margin | 9900 | €416,826 | €358,493 | -€58,333 | -14.0% |
| Operating profit (loss) | 9901 | -€37,412 | €40,069 | +€77,481 | |
| Financial income | 75/76B | €4,049 | €10,474 | +€6,424 | +158.6% |
| Recurring financial income | 75 | €2,276 | €3,036 | +€760 | +33.4% |
| Non-recurring financial income | 76B | €1,774 | €7,438 | +€5,664 | +319.4% |
| Financial charges | 65/66B | €6,381 | €4,899 | -€1,483 | -23.2% |
| Recurring financial charges | 65 | €6,381 | €4,899 | -€1,483 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,744 | €45,644 | +€85,388 | |
| Income taxes | 67/77 | €824 | €406 | -€418 | -50.7% |
| Profit (loss) for the period | 9904 | -€40,568 | €45,238 | +€85,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,568 | €45,238 | +€85,806 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.