aYOfa: 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.
aYOfa
Largest movements
- Cash +€18,247
up €18,247 (+46.2%), from €39,514 to €57,760
mainly Net result for the year (+€26,129) and Current portion of long-term debt (+€25,000)
- Current investments +€17,683
up €17,683 (+11.6%), from €153,024 to €170,707
- Receivables within one year -€4,253
down €4,253 (-26.3%), from €16,177 to €11,924
of which Other amounts receivable: -€2,946
- Deferred charges and accrued income -€4,171
down €4,171 (-21.9%), from €19,005 to €14,834
- Tangible fixed assets -€3,818
down €3,818 (-25.2%), from €15,131 to €11,312
of which Other tangible fixed assets: -€2,728
- Debts after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Current portion of long-term debt +€25,000
new in 2025: €25,000
- Reserves +€14,365
up €14,365 (+9.0%), from €158,795 to €173,159
- Other debts +€6,926
up €6,926 (+26.6%), from €26,040 to €32,966
- Tax, wage and social debts +€2,970
up €2,970 (+46.6%), from €6,380 to €9,350
of which Taxes: +€5,220
- Gross operating margin -€7,848
down €7,848 (-15.5%), from €50,677 to €42,829
- Taxes +€5,720
up €5,720 (+313%), from €1,830 to €7,550
- Financial charges -€1,220
down €1,220 (-16.9%), from €7,219 to €5,999
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 | €242,850 | €266,538 | +€23,688 | +9.8% |
| Fixed assets | 21/28 | €15,131 | €11,312 | -€3,818 | -25.2% |
| Tangible fixed assets | 22/27 | €15,131 | €11,312 | -€3,818 | -25.2% |
| Furniture and vehicles | 24 | €1,971 | €881 | -€1,091 | -55.3% |
| Other tangible fixed assets | 26 | €13,159 | €10,432 | -€2,728 | -20.7% |
| Current assets | 29/58 | €227,719 | €255,225 | +€27,506 | +12.1% |
| Amounts receivable within one year | 40/41 | €16,177 | €11,924 | -€4,253 | -26.3% |
| Trade receivables | 40 | €13,068 | €11,761 | -€1,307 | -10.0% |
| Other amounts receivable | 41 | €3,109 | €163 | -€2,946 | -94.8% |
| Current investments | 50/53 | €153,024 | €170,707 | +€17,683 | +11.6% |
| Cash at bank and in hand | 54/58 | €39,514 | €57,760 | +€18,247 | +46.2% |
| Deferred charges and accrued income | 490/1 | €19,005 | €14,834 | -€4,171 | -21.9% |
| Total equity and liabilities | 10/49 | €242,850 | €266,538 | +€23,688 | +9.8% |
| Equity | 10/15 | €178,795 | €193,159 | +€14,365 | +8.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €158,795 | €173,159 | +€14,365 | +9.0% |
| Distributable reserves | 133 | €158,795 | €173,159 | +€14,365 | +9.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,055 | €73,378 | +€9,323 | +14.6% |
| Amounts payable after more than one year | 17 | €25,000 | €0 | -€25,000 | -100% |
| Financial debts | 170/4 | €25,000 | €0 | -€25,000 | -100% |
| Amounts payable within one year | 42/48 | €39,055 | €73,378 | +€34,323 | +87.9% |
| Current portion of amounts payable after more than one year | 42 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €6,636 | €6,063 | -€573 | -8.6% |
| Suppliers | 440/4 | €6,636 | €6,063 | -€573 | -8.6% |
| Taxes, remuneration and social security | 45 | €6,380 | €9,350 | +€2,970 | +46.6% |
| Taxes | 450/3 | €4,130 | €9,350 | +€5,220 | +126% |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100% |
| Other amounts payable | 47/48 | €26,040 | €32,966 | +€6,926 | +26.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,818 | €3,818 | = | 0.0% |
| Other operating charges | 640/8 | €788 | €812 | +€24 | +3.0% |
| Gross operating margin | 9900 | €50,677 | €42,829 | -€7,848 | -15.5% |
| Operating profit (loss) | 9901 | €46,070 | €38,199 | -€7,872 | -17.1% |
| Financial income | 75/76B | €989 | €1,480 | +€491 | +49.7% |
| Recurring financial income | 75 | €989 | €1,480 | +€491 | +49.7% |
| Financial charges | 65/66B | €7,219 | €5,999 | -€1,220 | -16.9% |
| Recurring financial charges | 65 | €7,219 | €5,999 | -€1,220 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €39,840 | €33,680 | -€6,160 | -15.5% |
| Income taxes | 67/77 | €1,830 | €7,550 | +€5,720 | +313% |
| Profit (loss) for the period | 9904 | €38,010 | €26,129 | -€11,880 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,010 | €26,129 | -€11,880 | -31.3% |
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 27 October 2026 via checked.be.