AYGASA: 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.
AYGASA
Largest movements
- Receivables within one year -€111,289
down €111,289 (-80.7%), from €137,880 to €26,590
of which Other amounts receivable: -€103,285
- Receivables after one year +€40,000
new in 2025: €40,000
- Cash +€17,906
up €17,906 (+549%), from €3,261 to €21,167
mainly Receivables within one year (+€111,289) and Net result for the year (+€38,719)
- Tangible fixed assets -€15,875
down €15,875 (-21.7%), from €73,284 to €57,409
of which Furniture and vehicles: -€17,103
- Profit (loss) carried forward -€51,883
down €51,883 (-70.5%), from €73,602 to €21,719
- Trade debts -€30,155
no longer reported in 2025 (was €30,155)
of which Suppliers: -€17,397
- Tax, wage and social debts +€14,817
up €14,817 (+130%), from €11,368 to €26,185
- Debts after one year -€12,746
down €12,746 (-49.9%), from €25,537 to €12,791
- Other debts +€8,338
new in 2025: €8,338
- Gross operating margin +€28,190
up €28,190 (+57.5%), from €49,049 to €77,239
- Taxes +€6,308
up €6,308 (+56.8%), from €11,102 to €17,410
- Financial income -€2,484
down €2,484 (-63.8%), from €3,893 to €1,409
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 | €214,426 | €145,167 | -€69,259 | -32.3% |
| Fixed assets | 21/28 | €73,284 | €57,409 | -€15,875 | -21.7% |
| Tangible fixed assets | 22/27 | €73,284 | €57,409 | -€15,875 | -21.7% |
| Plant, machinery and equipment | 23 | €450 | €3,985 | +€3,535 | +786% |
| Furniture and vehicles | 24 | €56,253 | €39,150 | -€17,103 | -30.4% |
| Other tangible fixed assets | 26 | €16,582 | €14,275 | -€2,307 | -13.9% |
| Current assets | 29/58 | €141,141 | €87,757 | -€53,384 | -37.8% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €137,880 | €26,590 | -€111,289 | -80.7% |
| Trade receivables | 40 | €34,595 | €26,590 | -€8,005 | -23.1% |
| Other amounts receivable | 41 | €103,285 | - | -€103,285 | |
| Cash at bank and in hand | 54/58 | €3,261 | €21,167 | +€17,906 | +549% |
| Total equity and liabilities | 10/49 | €214,426 | €145,167 | -€69,259 | -32.3% |
| Equity | 10/15 | €135,448 | €83,565 | -€51,883 | -38.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €60,346 | €60,346 | = | 0.0% |
| Distributable reserves | 133 | €60,346 | €60,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,602 | €21,719 | -€51,883 | -70.5% |
| Amounts payable | 17/49 | €78,978 | €61,602 | -€17,376 | -22.0% |
| Amounts payable after more than one year | 17 | €25,537 | €12,791 | -€12,746 | -49.9% |
| Financial debts | 170/4 | €25,537 | €12,791 | -€12,746 | -49.9% |
| Amounts payable within one year | 42/48 | €53,441 | €47,641 | -€5,800 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €11,917 | €13,119 | +€1,201 | +10.1% |
| Trade debts | 44 | €30,155 | - | -€30,155 | |
| Suppliers | 440/4 | €17,397 | - | -€17,397 | |
| Bills of exchange payable | 441 | €12,758 | - | -€12,758 | |
| Taxes, remuneration and social security | 45 | €11,368 | €26,185 | +€14,817 | +130% |
| Taxes | 450/3 | €11,368 | €26,185 | +€14,817 | +130% |
| Other amounts payable | 47/48 | - | €8,338 | +€8,338 | |
| Accrued charges and deferred income | 492/3 | - | €1,170 | +€1,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,650 | €20,955 | +€306 | +1.5% |
| Other operating charges | 640/8 | €793 | €387 | -€406 | -51.2% |
| Gross operating margin | 9900 | €49,049 | €77,239 | +€28,190 | +57.5% |
| Operating profit (loss) | 9901 | €27,607 | €55,897 | +€28,290 | +102% |
| Financial income | 75/76B | €3,893 | €1,409 | -€2,484 | -63.8% |
| Recurring financial income | 75 | €3,893 | €1,409 | -€2,484 | -63.8% |
| Financial charges | 65/66B | €960 | €1,177 | +€217 | +22.6% |
| Recurring financial charges | 65 | €960 | €1,177 | +€217 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €30,540 | €56,128 | +€25,589 | +83.8% |
| Income taxes | 67/77 | €11,102 | €17,410 | +€6,308 | +56.8% |
| Profit (loss) for the period | 9904 | €19,438 | €38,719 | +€19,281 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,438 | €38,719 | +€19,281 | +99.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.