AYA PROPERTIES FUND: what changed
AYA PROPERTIES FUND
Largest movements
- Financial fixed assets -€5.7m
down €5.7m (-27.5%), from €20.6m to €14.9m
- Cash +€1.3m
up €1.3m (+4,219%), from €31,183 to €1.3m
mainly Investment in fixed assets (net) (+€5.7m) and Contributions, distributions and other (+€300,000)
- Deferred charges and accrued income -€233,637
down €233,637 (-65.9%), from €354,534 to €120,897
- Short-term financial debts -€4.5m
down €4.5m (-100%), from €4.5m to €0
- Contributions +€300,000
up €300,000 (+1.7%), from €17.3m to €17.6m
- Profit (loss) carried forward -€240,787
down €240,787 (-28.2%), from -€853,510 to -€1.1m
- Financial income -€527,268
down €527,268 (-64.6%), from €816,695 to €289,427
- Financial charges -€136,144
down €136,144 (-73.5%), from €185,294 to €49,149
- Gross operating margin +€74,617
up €74,617 (+13.6%), from -€548,655 to -€474,038
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,996,331 | €16,456,873 | -€4.5m | -21.6% |
| Formation expenses | 20 | €38,821 | €33,068 | -€5,753 | -14.8% |
| Fixed assets | 21/28 | €20,570,206 | €14,917,785 | -€5.7m | -27.5% |
| Financial fixed assets | 28 | €20,570,206 | €14,917,785 | -€5.7m | -27.5% |
| Current assets | 29/58 | €387,305 | €1,506,021 | +€1.1m | +289% |
| Amounts receivable within one year | 40/41 | €1,587 | €38,212 | +€36,625 | +2,307% |
| Other amounts receivable | 41 | €1,587 | €38,212 | +€36,625 | +2,307% |
| Cash at bank and in hand | 54/58 | €31,183 | €1,346,912 | +€1.3m | +4,219% |
| Deferred charges and accrued income | 490/1 | €354,534 | €120,897 | -€233,637 | -65.9% |
| Total equity and liabilities | 10/49 | €20,996,331 | €16,456,873 | -€4.5m | -21.6% |
| Equity | 10/15 | €16,396,490 | €16,455,703 | +€59,213 | +0.4% |
| Contributions | 10/11 | €17,250,000 | €17,550,000 | +€300,000 | +1.7% |
| Profit (loss) carried forward | 14 | -€853,510 | -€1,094,297 | -€240,787 | -28.2% |
| Amounts payable | 17/49 | €4,599,842 | €1,171 | -€4.6m | -100.0% |
| Amounts payable within one year | 42/48 | €4,595,753 | €1,171 | -€4.6m | -100.0% |
| Financial debts | 43 | €4,500,000 | €0 | -€4.5m | -100% |
| Credit institutions | 430/8 | €4,500,000 | €0 | -€4.5m | -100% |
| Trade debts | 44 | €95,753 | €1,171 | -€94,582 | -98.8% |
| Suppliers | 440/4 | €95,753 | €1,171 | -€94,582 | -98.8% |
| Accrued charges and deferred income | 492/3 | €4,089 | €0 | -€4,089 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,753 | €5,753 | = | 0.0% |
| Other operating charges | 640/8 | €1,218 | €1,274 | +€56 | +4.6% |
| Gross operating margin | 9900 | -€548,655 | -€474,038 | +€74,617 | +13.6% |
| Operating profit (loss) | 9901 | -€555,626 | -€481,065 | +€74,562 | +13.4% |
| Financial income | 75/76B | €816,695 | €289,427 | -€527,268 | -64.6% |
| Recurring financial income | 75 | €816,695 | €289,427 | -€527,268 | -64.6% |
| Financial charges | 65/66B | €185,294 | €49,149 | -€136,144 | -73.5% |
| Recurring financial charges | 65 | €185,294 | €49,149 | -€136,144 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €75,775 | -€240,787 | -€316,562 | |
| Profit (loss) for the period | 9904 | €75,775 | -€240,787 | -€316,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,775 | -€240,787 | -€316,562 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.