AUTHENTIK: 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.
AUTHENTIK
Largest movements
- Tangible fixed assets -€12,296
down €12,296 (-46.8%), from €26,300 to €14,004
of which Leasing and similar rights: -€7,355
- Receivables within one year +€7,808
up €7,808 (+37.6%), from €20,753 to €28,561
of which Trade receivables: +€5,147
- Stocks and contracts +€4,782
up €4,782 (+14.0%), from €34,200 to €38,982
of which Stocks: +€16,522
- Deferred charges and accrued income -€1,307
down €1,307 (-54.6%), from €2,394 to €1,088
- Cash +€1,046
up €1,046 (+335.7%), from €311 to €1,357
mainly Other debts (+€16,195) and Depreciation (+€12,296)
- Other debts +€16,195
up €16,195 (+10.8%), from €149,389 to €165,585
- Debts after one year -€10,900
down €10,900 (-47.9%), from €22,778 to €11,878
- Trade debts -€6,122
down €6,122 (-7.7%), from €79,523 to €73,401
- Accrued charges and deferred income +€2,850
up €2,850 (+300.0%), from €950 to €3,800
- Tax, wage and social debts -€2,676
down €2,676 (-59.2%), from €4,516 to €1,841
- Gross operating margin +€3,697
up €3,697 (+26.6%), from €13,919 to €17,615
- Taxes +€632
up €632 (+116.7%), from €542 to €1,174
- Depreciation -€603
down €603 (-4.7%), from €12,898 to €12,296
- Other operating charges +€307
up €307 (+33.5%), from €915 to €1,222
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 | €83,959 | €83,992 | +€33 | 0.0% |
| Fixed assets | 21/28 | €26,300 | €14,004 | -€12,296 | -46.8% |
| Tangible fixed assets | 22/27 | €26,300 | €14,004 | -€12,296 | -46.8% |
| Plant, machinery and equipment | 23 | €583 | €385 | -€198 | -34.0% |
| Furniture and vehicles | 24 | €8,171 | €3,429 | -€4,742 | -58.0% |
| Leasing and similar rights | 25 | €17,545 | €10,190 | -€7,355 | -41.9% |
| Current assets | 29/58 | €57,659 | €69,988 | +€12,329 | +21.4% |
| Stocks and contracts in progress | 3 | €34,200 | €38,982 | +€4,782 | +14.0% |
| Stocks | 30/36 | €19,200 | €35,722 | +€16,522 | +86.1% |
| Contracts in progress | 37 | €15,000 | €3,260 | -€11,740 | -78.3% |
| Amounts receivable within one year | 40/41 | €20,753 | €28,561 | +€7,808 | +37.6% |
| Trade receivables | 40 | €20,753 | €25,900 | +€5,147 | +24.8% |
| Other amounts receivable | 41 | €0 | €2,661 | +€2,661 | |
| Cash at bank and in hand | 54/58 | €311 | €1,357 | +€1,046 | +335.7% |
| Deferred charges and accrued income | 490/1 | €2,394 | €1,088 | -€1,307 | -54.6% |
| Total equity and liabilities | 10/49 | €83,959 | €83,992 | +€33 | 0.0% |
| Equity | 10/15 | -€183,655 | -€183,413 | +€243 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €466 | €466 | = | 0.0% |
| Non-distributable reserves | 130/1 | €466 | €466 | = | 0.0% |
| Reserves not available under the articles | 1311 | €466 | €466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,721 | -€202,479 | +€243 | +0.1% |
| Amounts payable | 17/49 | €267,614 | €267,404 | -€210 | -0.1% |
| Amounts payable after more than one year | 17 | €22,778 | €11,878 | -€10,900 | -47.9% |
| Financial debts | 170/4 | €22,778 | €11,878 | -€10,900 | -47.9% |
| Amounts payable within one year | 42/48 | €243,886 | €251,727 | +€7,841 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €10,457 | €10,900 | +€443 | +4.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €79,523 | €73,401 | -€6,122 | -7.7% |
| Suppliers | 440/4 | €79,523 | €73,401 | -€6,122 | -7.7% |
| Taxes, remuneration and social security | 45 | €4,516 | €1,841 | -€2,676 | -59.2% |
| Taxes | 450/3 | €4,516 | €1,841 | -€2,676 | -59.2% |
| Other amounts payable | 47/48 | €149,389 | €165,585 | +€16,195 | +10.8% |
| Accrued charges and deferred income | 492/3 | €950 | €3,800 | +€2,850 | +300.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,898 | €12,296 | -€603 | -4.7% |
| Other operating charges | 640/8 | €915 | €1,222 | +€307 | +33.5% |
| Gross operating margin | 9900 | €13,919 | €17,615 | +€3,697 | +26.6% |
| Operating profit (loss) | 9901 | €105 | €4,098 | +€3,993 | +3792.3% |
| Financial income | 75/76B | €6 | €14 | +€7 | +113.5% |
| Recurring financial income | 75 | €6 | €14 | +€7 | +113.5% |
| Financial charges | 65/66B | €2,529 | €2,695 | +€165 | +6.5% |
| Recurring financial charges | 65 | €2,529 | €2,695 | +€165 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,418 | €1,417 | +€3,834 | |
| Income taxes | 67/77 | €542 | €1,174 | +€632 | +116.7% |
| Profit (loss) for the period | 9904 | -€2,959 | €243 | +€3,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,959 | €243 | +€3,202 |
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.