AUX ETANGS: 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.
AUX ETANGS
Largest movements
- Tangible fixed assets +€227,851
up €227,851 (+11.6%), from €2.0m to €2.2m
of which Land and buildings: +€173,735
- Cash -€70,877
down €70,877 (-27.4%), from €258,790 to €187,913
mainly Investment in fixed assets (net) (-€367,975) and Receivables after one year (-€50,000)
- Receivables within one year -€56,508
down €56,508 (-49.8%), from €113,562 to €57,054
of which Other amounts receivable: -€45,036
- Receivables after one year +€50,000
up €50,000 (+135%), from €37,000 to €87,000
- Trade debts +€73,687
up €73,687 (+57.4%), from €128,319 to €202,006
- Debts after one year +€57,032
up €57,032 (+5.7%), from €996,191 to €1.1m
- Reserves +€54,000
up €54,000 (+25.6%), from €211,000 to €265,000
- Staff costs +€41,953
up €41,953 (+10.2%), from €411,702 to €453,655
- Gross operating margin +€20,682
up €20,682 (+3.1%), from €661,882 to €682,564
- Depreciation +€9,583
up €9,583 (+7.3%), from €131,291 to €140,874
- Other operating charges -€7,012
down €7,012 (-47.5%), from €14,753 to €7,742
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.
Derived cash bridge
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 | €2,574,761 | €2,738,445 | +€163,684 | +6.4% |
| Fixed assets | 21/28 | €1,960,670 | €2,187,771 | +€227,101 | +11.6% |
| Tangible fixed assets | 22/27 | €1,959,920 | €2,187,771 | +€227,851 | +11.6% |
| Land and buildings | 22 | €1,695,810 | €1,869,545 | +€173,735 | +10.2% |
| Plant, machinery and equipment | 23 | €228,070 | €276,172 | +€48,102 | +21.1% |
| Furniture and vehicles | 24 | €36,040 | €42,054 | +€6,014 | +16.7% |
| Financial fixed assets | 28 | €750 | - | -€750 | |
| Current assets | 29/58 | €614,091 | €550,674 | -€63,417 | -10.3% |
| Amounts receivable after more than one year | 29 | €37,000 | €87,000 | +€50,000 | +135% |
| Other amounts receivable | 291 | €37,000 | €87,000 | +€50,000 | +135% |
| Stocks and contracts in progress | 3 | €198,159 | €210,661 | +€12,501 | +6.3% |
| Stocks | 30/36 | €198,159 | €210,661 | +€12,501 | +6.3% |
| Amounts receivable within one year | 40/41 | €113,562 | €57,054 | -€56,508 | -49.8% |
| Trade receivables | 40 | €36,811 | €25,338 | -€11,473 | -31.2% |
| Other amounts receivable | 41 | €76,752 | €31,716 | -€45,036 | -58.7% |
| Cash at bank and in hand | 54/58 | €258,790 | €187,913 | -€70,877 | -27.4% |
| Deferred charges and accrued income | 490/1 | €6,579 | €8,047 | +€1,467 | +22.3% |
| Total equity and liabilities | 10/49 | €2,574,761 | €2,738,445 | +€163,684 | +6.4% |
| Equity | 10/15 | €1,232,860 | €1,286,876 | +€54,017 | +4.4% |
| Contributions | 10/11 | €1,020,000 | €1,020,000 | = | 0.0% |
| Reserves | 13 | €211,000 | €265,000 | +€54,000 | +25.6% |
| Distributable reserves | 133 | €211,000 | €265,000 | +€54,000 | +25.6% |
| Profit (loss) carried forward | 14 | €1,860 | €1,876 | +€17 | +0.9% |
| Amounts payable | 17/49 | €1,341,901 | €1,451,568 | +€109,667 | +8.2% |
| Amounts payable after more than one year | 17 | €996,191 | €1,053,223 | +€57,032 | +5.7% |
| Financial debts | 170/4 | €996,191 | €1,053,223 | +€57,032 | +5.7% |
| Amounts payable within one year | 42/48 | €317,431 | €397,216 | +€79,785 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €67,256 | €78,555 | +€11,299 | +16.8% |
| Trade debts | 44 | €128,319 | €202,006 | +€73,687 | +57.4% |
| Suppliers | 440/4 | €128,319 | €202,006 | +€73,687 | +57.4% |
| Taxes, remuneration and social security | 45 | €92,029 | €87,903 | -€4,126 | -4.5% |
| Taxes | 450/3 | €52,111 | €36,609 | -€15,502 | -29.7% |
| Remuneration and social security | 454/9 | €39,918 | €51,294 | +€11,376 | +28.5% |
| Other amounts payable | 47/48 | €29,827 | €28,752 | -€1,075 | -3.6% |
| Accrued charges and deferred income | 492/3 | €28,279 | €1,129 | -€27,149 | -96.0% |
| Remuneration, social security and pensions | 62 | €411,702 | €453,655 | +€41,953 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,291 | €140,874 | +€9,583 | +7.3% |
| Other operating charges | 640/8 | €14,753 | €7,742 | -€7,012 | -47.5% |
| Gross operating margin | 9900 | €661,882 | €682,564 | +€20,682 | +3.1% |
| Operating profit (loss) | 9901 | €104,136 | €80,294 | -€23,842 | -22.9% |
| Financial income | 75/76B | €1,437 | €2,103 | +€666 | +46.4% |
| Recurring financial income | 75 | €1,437 | €2,103 | +€666 | +46.4% |
| Financial charges | 65/66B | €20,496 | €22,702 | +€2,207 | +10.8% |
| Recurring financial charges | 65 | €20,496 | €22,702 | +€2,207 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €85,077 | €59,694 | -€25,382 | -29.8% |
| Income taxes | 67/77 | €7,970 | €5,678 | -€2,292 | -28.8% |
| Profit (loss) for the period | 9904 | €77,107 | €54,017 | -€23,090 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,107 | €54,017 | -€23,090 | -29.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.