AUTHENTIC GROUP: 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.
AUTHENTIC GROUP
Largest movements
- Receivables within one year +€18,736
up €18,736 (+8.9%), from €210,774 to €229,510
- Tangible fixed assets -€5,556
down €5,556 (-8.7%), from €63,950 to €58,394
of which Land and buildings: -€3,530
- Reserves +€8,156
up €8,156 (+3.2%), from €255,386 to €263,542
of which Distributable reserves: +€8,156
- Depreciation +€454
up €454 (+8.9%), from €5,102 to €5,556
- Other operating charges -€405
down €405 (-13.4%), from €3,028 to €2,623
- Gross operating margin +€318
up €318 (+4.4%), from €7,247 to €7,566
- Financial income -€266
down €266 (-2.2%), from €12,195 to €11,930
- Taxes -€251
down €251 (-7.8%), from €3,220 to €2,969
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 | €278,615 | €289,153 | +€10,538 | +3.8% |
| Fixed assets | 21/28 | €63,950 | €58,394 | -€5,556 | -8.7% |
| Tangible fixed assets | 22/27 | €63,950 | €58,394 | -€5,556 | -8.7% |
| Land and buildings | 22 | €54,422 | €50,891 | -€3,530 | -6.5% |
| Plant, machinery and equipment | 23 | €9,529 | €7,503 | -€2,026 | -21.3% |
| Current assets | 29/58 | €214,665 | €230,759 | +€16,094 | +7.5% |
| Amounts receivable within one year | 40/41 | €210,774 | €229,510 | +€18,736 | +8.9% |
| Other amounts receivable | 41 | €210,774 | €229,510 | +€18,736 | +8.9% |
| Cash at bank and in hand | 54/58 | €3,481 | €773 | -€2,708 | -77.8% |
| Deferred charges and accrued income | 490/1 | €409 | €475 | +€66 | +16.1% |
| Total equity and liabilities | 10/49 | €278,615 | €289,153 | +€10,538 | +3.8% |
| Equity | 10/15 | €273,986 | €282,142 | +€8,156 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,386 | €263,542 | +€8,156 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €253,526 | €261,682 | +€8,156 | +3.2% |
| Amounts payable | 17/49 | €4,629 | €7,011 | +€2,382 | +51.5% |
| Amounts payable after more than one year | 17 | €30 | €30 | = | 0.0% |
| Other amounts payable | 178/9 | €30 | €30 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,599 | €6,981 | +€2,382 | +51.8% |
| Trade debts | 44 | €386 | €792 | +€406 | +105.0% |
| Suppliers | 440/4 | €386 | €792 | +€406 | +105.0% |
| Taxes, remuneration and social security | 45 | €4,213 | €6,189 | +€1,976 | +46.9% |
| Taxes | 450/3 | €4,213 | €6,189 | +€1,976 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,102 | €5,556 | +€454 | +8.9% |
| Other operating charges | 640/8 | €3,028 | €2,623 | -€405 | -13.4% |
| Gross operating margin | 9900 | €7,247 | €7,566 | +€318 | +4.4% |
| Operating profit (loss) | 9901 | -€882 | -€613 | +€269 | +30.5% |
| Financial income | 75/76B | €12,195 | €11,930 | -€266 | -2.2% |
| Recurring financial income | 75 | €12,195 | €11,930 | -€266 | -2.2% |
| Financial charges | 65/66B | €231 | €192 | -€39 | -16.9% |
| Recurring financial charges | 65 | €231 | €192 | -€39 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €11,082 | €11,125 | +€43 | +0.4% |
| Income taxes | 67/77 | €3,220 | €2,969 | -€251 | -7.8% |
| Profit (loss) for the period | 9904 | €7,862 | €8,156 | +€294 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,862 | €8,156 | +€294 | +3.7% |
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 30 September 2026 via checked.be.