Ayano Direct: 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.
Ayano Direct
Largest movements
- Receivables within one year +€45,006
up €45,006 (+33.7%), from €133,689 to €178,695
of which Trade receivables: +€86,384
- Intangible fixed assets +€39,823
new in 2025: €39,823
- Cash -€24,458
down €24,458 (-24.4%), from €100,348 to €75,890
mainly Receivables within one year (-€45,006) and Investment in fixed assets (net) (-€44,349)
- Stocks and contracts -€15,632
down €15,632 (-12.5%), from €125,001 to €109,369
- Reserves +€78,546
up €78,546 (+61.3%), from €128,210 to €206,756
- Tax, wage and social debts -€28,070
down €28,070 (-80.1%), from €35,044 to €6,974
- Trade debts -€10,908
down €10,908 (-7.5%), from €145,938 to €135,030
- Short-term financial debts +€6,727
new in 2025: €6,727
- Gross operating margin +€63,241
up €63,241 (+127%), from €49,817 to €113,057
- Taxes +€15,090
up €15,090 (+127%), from €11,884 to €26,974
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 | €361,230 | €405,487 | +€44,256 | +12.3% |
| Fixed assets | 21/28 | €1,681 | €39,823 | +€38,142 | +2,269% |
| Intangible fixed assets | 21 | - | €39,823 | +€39,823 | |
| Tangible fixed assets | 22/27 | €1,681 | €0 | -€1,681 | -100% |
| Furniture and vehicles | 24 | €1,681 | €0 | -€1,681 | -100% |
| Current assets | 29/58 | €359,550 | €365,664 | +€6,114 | +1.7% |
| Stocks and contracts in progress | 3 | €125,001 | €109,369 | -€15,632 | -12.5% |
| Stocks | 30/36 | €125,001 | €109,369 | -€15,632 | -12.5% |
| Amounts receivable within one year | 40/41 | €133,689 | €178,695 | +€45,006 | +33.7% |
| Trade receivables | 40 | €76,892 | €163,276 | +€86,384 | +112% |
| Other amounts receivable | 41 | €56,797 | €15,418 | -€41,379 | -72.9% |
| Cash at bank and in hand | 54/58 | €100,348 | €75,890 | -€24,458 | -24.4% |
| Deferred charges and accrued income | 490/1 | €511 | €1,709 | +€1,198 | +234% |
| Total equity and liabilities | 10/49 | €361,230 | €405,487 | +€44,256 | +12.3% |
| Equity | 10/15 | €178,210 | €256,756 | +€78,546 | +44.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €128,210 | €206,756 | +€78,546 | +61.3% |
| Distributable reserves | 133 | €128,210 | €206,756 | +€78,546 | +61.3% |
| Amounts payable | 17/49 | €183,021 | €148,731 | -€34,290 | -18.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €183,021 | €148,731 | -€34,290 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €2,039 | €0 | -€2,039 | -100% |
| Financial debts | 43 | - | €6,727 | +€6,727 | |
| Credit institutions | 430/8 | - | €6,727 | +€6,727 | |
| Trade debts | 44 | €145,938 | €135,030 | -€10,908 | -7.5% |
| Suppliers | 440/4 | €145,938 | €135,030 | -€10,908 | -7.5% |
| Taxes, remuneration and social security | 45 | €35,044 | €6,974 | -€28,070 | -80.1% |
| Taxes | 450/3 | €35,044 | €6,974 | -€28,070 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,175 | €6,207 | +€1,032 | +19.9% |
| Other operating charges | 640/8 | €867 | €832 | -€35 | -4.1% |
| Gross operating margin | 9900 | €49,817 | €113,057 | +€63,241 | +127% |
| Operating profit (loss) | 9901 | €43,775 | €106,019 | +€62,244 | +142% |
| Financial income | 75/76B | €561 | €48 | -€513 | -91.5% |
| Recurring financial income | 75 | €561 | €48 | -€513 | -91.5% |
| Financial charges | 65/66B | €524 | €547 | +€23 | +4.4% |
| Recurring financial charges | 65 | €524 | €547 | +€23 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €43,812 | €105,519 | +€61,708 | +141% |
| Income taxes | 67/77 | €11,884 | €26,974 | +€15,090 | +127% |
| Profit (loss) for the period | 9904 | €31,928 | €78,546 | +€46,617 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €31,928 | €78,546 | +€46,617 | +146% |
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 19 October 2026 via checked.be.