Authentic Privilège: 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.
Authentic Privilège
Largest movements
- Receivables within one year +€49,697
up €49,697 (+80.2%), from €61,947 to €111,645
of which Other amounts receivable: +€53,439
- Cash -€12,496
down €12,496 (-63.2%), from €19,769 to €7,273
mainly Receivables within one year (-€49,697) and Debts after one year (-€11,587)
- Tangible fixed assets -€8,130
down €8,130 (-20.0%), from €40,698 to €32,569
of which Furniture and vehicles: -€12,168
- Intangible fixed assets -€6,650
down €6,650 (-12.1%), from €54,853 to €48,203
- Profit (loss) carried forward +€23,242
up €23,242 (+34.4%), from €67,503 to €90,745
- Debts after one year -€11,587
down €11,587 (-27.9%), from €41,520 to €29,933
- Trade debts +€9,987
up €9,987 (+25.6%), from €39,040 to €49,027
- Short-term financial debts -€4,116
down €4,116 (-34.3%), from €12,000 to €7,884
- Accrued charges and deferred income +€3,756
new in 2025: €3,756
- Other operating charges +€17,668
up €17,668 (+936.0%), from €1,888 to €19,555
- Depreciation +€10,037
up €10,037 (+83.8%), from €11,979 to €22,016
- Taxes -€6,486
down €6,486 (-51.9%), from €12,509 to €6,023
- Staff costs +€4,878
up €4,878 (+9.5%), from €51,257 to €56,135
- Gross operating margin -€2,830
down €2,830 (-2.1%), from €131,836 to €129,006
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 | €180,149 | €201,927 | +€21,778 | +12.1% |
| Fixed assets | 21/28 | €95,552 | €80,772 | -€14,780 | -15.5% |
| Intangible fixed assets | 21 | €54,853 | €48,203 | -€6,650 | -12.1% |
| Tangible fixed assets | 22/27 | €40,698 | €32,569 | -€8,130 | -20.0% |
| Plant, machinery and equipment | 23 | €3,064 | €2,352 | -€711 | -23.2% |
| Furniture and vehicles | 24 | €37,635 | €25,467 | -€12,168 | -32.3% |
| Other tangible fixed assets | 26 | - | €4,750 | +€4,750 | |
| Current assets | 29/58 | €84,598 | €121,155 | +€36,557 | +43.2% |
| Stocks and contracts in progress | 3 | €2,823 | €2,064 | -€758 | -26.9% |
| Stocks | 30/36 | €2,823 | €2,064 | -€758 | -26.9% |
| Amounts receivable within one year | 40/41 | €61,947 | €111,645 | +€49,697 | +80.2% |
| Trade receivables | 40 | €4,793 | €1,051 | -€3,742 | -78.1% |
| Other amounts receivable | 41 | €57,155 | €110,594 | +€53,439 | +93.5% |
| Cash at bank and in hand | 54/58 | €19,769 | €7,273 | -€12,496 | -63.2% |
| Deferred charges and accrued income | 490/1 | €59 | €173 | +€114 | +193.9% |
| Total equity and liabilities | 10/49 | €180,149 | €201,927 | +€21,778 | +12.1% |
| Equity | 10/15 | €68,503 | €91,745 | +€23,242 | +33.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,503 | €90,745 | +€23,242 | +34.4% |
| Amounts payable | 17/49 | €111,646 | €110,182 | -€1,464 | -1.3% |
| Amounts payable after more than one year | 17 | €41,520 | €29,933 | -€11,587 | -27.9% |
| Financial debts | 170/4 | €41,520 | €29,933 | -€11,587 | -27.9% |
| Amounts payable within one year | 42/48 | €70,126 | €76,493 | +€6,367 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €10,830 | €11,587 | +€758 | +7.0% |
| Financial debts | 43 | €12,000 | €7,884 | -€4,116 | -34.3% |
| Credit institutions | 430/8 | €12,000 | €7,884 | -€4,116 | -34.3% |
| Trade debts | 44 | €39,040 | €49,027 | +€9,987 | +25.6% |
| Suppliers | 440/4 | €39,040 | €49,027 | +€9,987 | +25.6% |
| Taxes, remuneration and social security | 45 | €8,256 | €7,995 | -€262 | -3.2% |
| Taxes | 450/3 | €5,081 | €3,839 | -€1,243 | -24.5% |
| Remuneration and social security | 454/9 | €3,175 | €4,156 | +€981 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €3,756 | +€3,756 | |
| Remuneration, social security and pensions | 62 | €51,257 | €56,135 | +€4,878 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,979 | €22,016 | +€10,037 | +83.8% |
| Other operating charges | 640/8 | €1,888 | €19,555 | +€17,668 | +936.0% |
| Gross operating margin | 9900 | €131,836 | €129,006 | -€2,830 | -2.1% |
| Operating profit (loss) | 9901 | €66,712 | €31,300 | -€35,412 | -53.1% |
| Financial income | 75/76B | €1,733 | €4,493 | +€2,759 | +159.2% |
| Recurring financial income | 75 | €1,733 | €4,493 | +€2,759 | +159.2% |
| Financial charges | 65/66B | €6,573 | €6,528 | -€45 | -0.7% |
| Recurring financial charges | 65 | €6,573 | €6,528 | -€45 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €61,873 | €29,265 | -€32,608 | -52.7% |
| Income taxes | 67/77 | €12,509 | €6,023 | -€6,486 | -51.9% |
| Profit (loss) for the period | 9904 | €49,364 | €23,242 | -€26,122 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,364 | €23,242 | -€26,122 | -52.9% |
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 11 October 2026 via checked.be.