AYRO: 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.
AYRO
Largest movements
- Cash +€15,565
up €15,565 (+9.6%), from €162,869 to €178,433
mainly Other debts (+€108,073) and Net result for the year (+€71,995)
- Tangible fixed assets -€9,306
down €9,306 (-13.4%), from €69,277 to €59,971
of which Furniture and vehicles: -€11,203
- Other debts +€108,073
up €108,073 (+6740.3%), from €1,603 to €109,676
- Profit (loss) carried forward -€74,357
no longer reported in 2025 (was €74,357)
- Reserves -€34,703
down €34,703 (-21.5%), from €161,553 to €126,850
- Trade debts +€5,404
up €5,404 (+7366.5%), from €73 to €5,477
- Depreciation +€15,820
up €15,820 (+430.7%), from €3,673 to €19,493
- Financial income +€13,567
up €13,567 (+10896.9%), from €125 to €13,691
of which Non-recurring financial income: +€13,575
- Gross operating margin -€1,849
down €1,849 (-1.9%), from €98,509 to €96,660
- Taxes -€1,399
down €1,399 (-7.3%), from €19,192 to €17,793
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 | €260,203 | €263,604 | +€3,401 | +1.3% |
| Fixed assets | 21/28 | €69,277 | €59,971 | -€9,306 | -13.4% |
| Tangible fixed assets | 22/27 | €69,277 | €59,971 | -€9,306 | -13.4% |
| Plant, machinery and equipment | 23 | €2,356 | €4,253 | +€1,897 | +80.5% |
| Furniture and vehicles | 24 | €66,921 | €55,718 | -€11,203 | -16.7% |
| Current assets | 29/58 | €190,926 | €203,633 | +€12,707 | +6.7% |
| Amounts receivable within one year | 40/41 | €26,135 | €24,899 | -€1,235 | -4.7% |
| Trade receivables | 40 | €4,382 | €12,997 | +€8,615 | +196.6% |
| Other amounts receivable | 41 | €21,752 | €11,903 | -€9,850 | -45.3% |
| Cash at bank and in hand | 54/58 | €162,869 | €178,433 | +€15,565 | +9.6% |
| Deferred charges and accrued income | 490/1 | €1,923 | €300 | -€1,623 | -84.4% |
| Total equity and liabilities | 10/49 | €260,203 | €263,604 | +€3,401 | +1.3% |
| Equity | 10/15 | €254,510 | €145,450 | -€109,060 | -42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,553 | €126,850 | -€34,703 | -21.5% |
| Distributable reserves | 133 | €161,553 | €126,850 | -€34,703 | -21.5% |
| Profit (loss) carried forward | 14 | €74,357 | - | -€74,357 | |
| Amounts payable | 17/49 | €5,693 | €118,154 | +€112,461 | +1975.4% |
| Amounts payable within one year | 42/48 | €5,693 | €118,154 | +€112,461 | +1975.4% |
| Trade debts | 44 | €73 | €5,477 | +€5,404 | +7366.5% |
| Suppliers | 440/4 | €73 | €5,477 | +€5,404 | +7366.5% |
| Taxes, remuneration and social security | 45 | €4,016 | €3,000 | -€1,016 | -25.3% |
| Taxes | 450/3 | €16 | - | -€16 | |
| Remuneration and social security | 454/9 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Other amounts payable | 47/48 | €1,603 | €109,676 | +€108,073 | +6740.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €19,493 | +€15,820 | +430.7% |
| Other operating charges | 640/8 | €1,273 | €979 | -€294 | -23.1% |
| Gross operating margin | 9900 | €98,509 | €96,660 | -€1,849 | -1.9% |
| Operating profit (loss) | 9901 | €93,563 | €76,188 | -€17,375 | -18.6% |
| Financial income | 75/76B | €125 | €13,691 | +€13,567 | +10896.9% |
| Recurring financial income | 75 | €125 | €116 | -€8 | -6.5% |
| Non-recurring financial income | 76B | - | €13,575 | +€13,575 | |
| Financial charges | 65/66B | €138 | €91 | -€47 | -34.1% |
| Recurring financial charges | 65 | €138 | €91 | -€47 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €93,549 | €89,788 | -€3,761 | -4.0% |
| Income taxes | 67/77 | €19,192 | €17,793 | -€1,399 | -7.3% |
| Profit (loss) for the period | 9904 | €74,357 | €71,995 | -€2,362 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,357 | €71,995 | -€2,362 | -3.2% |
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 12 October 2026 via checked.be.