AYCOR: 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.
AYCOR
Largest movements
- Cash -€21,978
down €21,978 (-13.0%), from €169,623 to €147,645
mainly Other debts (-€31,639) and Contributions, distributions and other (-€14,562)
- Tangible fixed assets -€8,111
down €8,111 (-16.8%), from €48,416 to €40,305
of which Other tangible fixed assets: -€8,660
- Receivables within one year +€4,444
up €4,444 (+81.1%), from €5,480 to €9,924
of which Other amounts receivable: +€4,444
- Other debts -€31,639
down €31,639 (-52.6%), from €60,156 to €28,517
- Reserves +€12,194
up €12,194 (+9.0%), from €135,892 to €148,086
of which Distributable reserves: +€12,194
- Tax, wage and social debts -€4,676
down €4,676 (-63.6%), from €7,352 to €2,676
of which Remuneration and social security: -€7,352
- Gross operating margin -€5,882
down €5,882 (-10.2%), from €57,679 to €51,797
- Taxes -€1,913
down €1,913 (-14.9%), from €12,836 to €10,923
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 | €223,609 | €197,964 | -€25,645 | -11.5% |
| Fixed assets | 21/28 | €48,506 | €40,395 | -€8,111 | -16.7% |
| Tangible fixed assets | 22/27 | €48,416 | €40,305 | -€8,111 | -16.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,064 | €3,613 | +€549 | +17.9% |
| Other tangible fixed assets | 26 | €45,352 | €36,692 | -€8,660 | -19.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €175,103 | €157,569 | -€17,534 | -10.0% |
| Amounts receivable within one year | 40/41 | €5,480 | €9,924 | +€4,444 | +81.1% |
| Trade receivables | 40 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 41 | €2,980 | €7,424 | +€4,444 | +149% |
| Cash at bank and in hand | 54/58 | €169,623 | €147,645 | -€21,978 | -13.0% |
| Total equity and liabilities | 10/49 | €223,609 | €197,964 | -€25,645 | -11.5% |
| Equity | 10/15 | €154,492 | €166,686 | +€12,194 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,892 | €148,086 | +€12,194 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €134,032 | €146,226 | +€12,194 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,117 | €31,279 | -€37,838 | -54.7% |
| Amounts payable within one year | 42/48 | €69,117 | €31,279 | -€37,838 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,609 | €86 | -€1,523 | -94.7% |
| Suppliers | 440/4 | €1,609 | €86 | -€1,523 | -94.7% |
| Taxes, remuneration and social security | 45 | €7,352 | €2,676 | -€4,676 | -63.6% |
| Taxes | 450/3 | €0 | €2,676 | +€2,676 | |
| Remuneration and social security | 454/9 | €7,352 | €0 | -€7,352 | -100% |
| Other amounts payable | 47/48 | €60,156 | €28,517 | -€31,639 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,520 | €13,707 | +€187 | +1.4% |
| Other operating charges | 640/8 | €843 | €400 | -€443 | -52.6% |
| Gross operating margin | 9900 | €57,679 | €51,797 | -€5,882 | -10.2% |
| Operating profit (loss) | 9901 | €43,316 | €37,690 | -€5,626 | -13.0% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €127 | €54 | -€73 | -57.5% |
| Recurring financial charges | 65 | €127 | €54 | -€73 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €43,189 | €37,678 | -€5,511 | -12.8% |
| Income taxes | 67/77 | €12,836 | €10,923 | -€1,913 | -14.9% |
| Profit (loss) for the period | 9904 | €30,353 | €26,756 | -€3,598 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,353 | €26,756 | -€3,598 | -11.9% |
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 17 October 2026 via checked.be.