AYDC: 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.
AYDC
Largest movements
- Cash +€2.4m
up €2.4m (+995.8%), from €246,034 to €2.7m
mainly Current investments (+€2.2m) and Net result for the year (+€2.1m)
- Current investments -€2.2m
no longer reported in 2025 (was €2.2m)
- Receivables within one year -€2.0m
down €2.0m (-62.0%), from €3.2m to €1.2m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€707,732
up €707,732 (+22.3%), from €3.2m to €3.9m
- Financial charges -€445,371
down €445,371 (-21.3%), from €2.1m to €1.6m
- Gross operating margin -€9,252
down €9,252 (-11.8%), from -€78,541 to -€87,793
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 | €153,821,238 | €153,269,490 | -€551,748 | -0.4% |
| Fixed assets | 21/28 | €144,505,149 | €145,544,634 | +€1.0m | +0.7% |
| Financial fixed assets | 28 | €144,505,149 | €145,544,634 | +€1.0m | +0.7% |
| Current assets | 29/58 | €9,316,089 | €7,724,855 | -€1.6m | -17.1% |
| Amounts receivable within one year | 40/41 | €3,180,110 | €1,209,283 | -€2.0m | -62.0% |
| Other amounts receivable | 41 | €3,180,110 | €1,209,283 | -€2.0m | -62.0% |
| Current investments | 50/53 | €2,200,000 | - | -€2.2m | |
| Cash at bank and in hand | 54/58 | €246,034 | €2,695,954 | +€2.4m | +995.8% |
| Deferred charges and accrued income | 490/1 | €3,689,945 | €3,819,618 | +€129,673 | +3.5% |
| Total equity and liabilities | 10/49 | €153,821,238 | €153,269,490 | -€551,748 | -0.4% |
| Equity | 10/15 | €112,581,500 | €112,731,479 | +€149,979 | +0.1% |
| Contributions | 10/11 | €110,052,233 | €110,052,233 | = | 0.0% |
| Capital | 10 | €110,052,233 | €110,052,233 | = | 0.0% |
| Issued capital | 100 | €110,052,233 | €110,052,233 | = | 0.0% |
| Reserves | 13 | €226,463 | €333,962 | +€107,499 | +47.5% |
| Non-distributable reserves | 130/1 | €226,463 | €333,962 | +€107,499 | +47.5% |
| Legal reserve | 130 | €226,463 | €333,962 | +€107,499 | +47.5% |
| Profit (loss) carried forward | 14 | €2,302,803 | €2,345,284 | +€42,480 | +1.8% |
| Amounts payable | 17/49 | €41,239,738 | €40,538,011 | -€701,727 | -1.7% |
| Amounts payable after more than one year | 17 | €3,500,000 | €3,000,000 | -€500,000 | -14.3% |
| Financial debts | 170/4 | €3,500,000 | €3,000,000 | -€500,000 | -14.3% |
| Amounts payable within one year | 42/48 | €37,507,651 | €37,538,011 | +€30,359 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €35,500,000 | €35,500,000 | = | 0.0% |
| Trade debts | 44 | €7,651 | €7,970 | +€319 | +4.2% |
| Suppliers | 440/4 | €7,651 | €7,970 | +€319 | +4.2% |
| Taxes, remuneration and social security | 45 | - | €9,012 | +€9,012 | |
| Taxes | 450/3 | - | €9,012 | +€9,012 | |
| Other amounts payable | 47/48 | €2,000,000 | €2,021,028 | +€21,028 | +1.1% |
| Accrued charges and deferred income | 492/3 | €232,086 | - | -€232,086 | |
| Other operating charges | 640/8 | €1,550 | €1,048 | -€502 | -32.4% |
| Gross operating margin | 9900 | -€78,541 | -€87,793 | -€9,252 | -11.8% |
| Operating profit (loss) | 9901 | -€80,092 | -€88,842 | -€8,750 | -10.9% |
| Financial income | 75/76B | €3,179,275 | €3,887,007 | +€707,732 | +22.3% |
| Recurring financial income | 75 | €3,179,275 | €3,887,007 | +€707,732 | +22.3% |
| Financial charges | 65/66B | €2,093,557 | €1,648,186 | -€445,371 | -21.3% |
| Recurring financial charges | 65 | €2,093,557 | €1,648,186 | -€445,371 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €1,005,627 | €2,149,979 | +€1.1m | +113.8% |
| Profit (loss) for the period | 9904 | €1,005,627 | €2,149,979 | +€1.1m | +113.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,005,627 | €2,149,979 | +€1.1m | +113.8% |
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 2 October 2026 via checked.be.