AYROX: 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.
AYROX
Largest movements
- Receivables within one year +€95,509
up €95,509 (+108%), from €88,634 to €184,143
of which Trade receivables: +€59,621
- Cash +€93,032
up €93,032 (+96.5%), from €96,375 to €189,407
mainly Net result for the year (+€112,880) and Accrued charges and deferred income (+€96,400)
- Stocks and contracts -€81,891
down €81,891 (-28.8%), from €284,611 to €202,720
- Current investments +€59,579
up €59,579 (+146%), from €40,737 to €100,317
- Tangible fixed assets -€53,113
down €53,113 (-16.2%), from €327,389 to €274,276
of which Plant, machinery and equipment: -€44,077
- Profit (loss) carried forward +€112,880
up €112,880 (+67.5%), from €167,284 to €280,164
- Accrued charges and deferred income +€96,400
new in 2025: €96,400
- Advances received -€51,595
down €51,595 (-16.9%), from €304,523 to €252,928
- Trade debts -€39,072
down €39,072 (-15.5%), from €251,386 to €212,314
- Gross operating margin -€106,004
down €106,004 (-25.0%), from €423,326 to €317,322
- Staff costs -€43,355
down €43,355 (-24.2%), from €178,867 to €135,511
- Financial income -€8,218
down €8,218 (-86.3%), from €9,521 to €1,303
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 | €855,270 | €970,191 | +€114,921 | +13.4% |
| Fixed assets | 21/28 | €338,385 | €281,272 | -€57,113 | -16.9% |
| Intangible fixed assets | 21 | €10,667 | €6,667 | -€4,000 | -37.5% |
| Tangible fixed assets | 22/27 | €327,389 | €274,276 | -€53,113 | -16.2% |
| Land and buildings | 22 | €193,501 | €184,465 | -€9,036 | -4.7% |
| Plant, machinery and equipment | 23 | €133,888 | €89,812 | -€44,077 | -32.9% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €516,885 | €688,919 | +€172,034 | +33.3% |
| Stocks and contracts in progress | 3 | €284,611 | €202,720 | -€81,891 | -28.8% |
| Stocks | 30/36 | €284,611 | €202,720 | -€81,891 | -28.8% |
| Amounts receivable within one year | 40/41 | €88,634 | €184,143 | +€95,509 | +108% |
| Trade receivables | 40 | €78,178 | €137,799 | +€59,621 | +76.3% |
| Other amounts receivable | 41 | €10,456 | €46,344 | +€35,888 | +343% |
| Current investments | 50/53 | €40,737 | €100,317 | +€59,579 | +146% |
| Cash at bank and in hand | 54/58 | €96,375 | €189,407 | +€93,032 | +96.5% |
| Deferred charges and accrued income | 490/1 | €6,527 | €12,332 | +€5,805 | +88.9% |
| Total equity and liabilities | 10/49 | €855,270 | €970,191 | +€114,921 | +13.4% |
| Equity | 10/15 | €187,909 | €300,789 | +€112,880 | +60.1% |
| Contributions | 10/11 | €20,625 | €20,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,284 | €280,164 | +€112,880 | +67.5% |
| Amounts payable | 17/49 | €667,361 | €669,402 | +€2,042 | +0.3% |
| Amounts payable within one year | 42/48 | €667,361 | €573,002 | -€94,358 | -14.1% |
| Trade debts | 44 | €251,386 | €212,314 | -€39,072 | -15.5% |
| Suppliers | 440/4 | €251,386 | €212,314 | -€39,072 | -15.5% |
| Advances received on contracts in progress | 46 | €304,523 | €252,928 | -€51,595 | -16.9% |
| Taxes, remuneration and social security | 45 | €18,138 | €11,157 | -€6,981 | -38.5% |
| Taxes | 450/3 | €3,782 | - | -€3,782 | |
| Remuneration and social security | 454/9 | €14,356 | €11,157 | -€3,200 | -22.3% |
| Other amounts payable | 47/48 | €93,314 | €96,604 | +€3,290 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €96,400 | +€96,400 | |
| Non-recurring operating income | 76A | €2,700 | - | -€2,700 | |
| Remuneration, social security and pensions | 62 | €178,867 | €135,511 | -€43,355 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,450 | €59,556 | -€1,893 | -3.1% |
| Other operating charges | 640/8 | €4,914 | €2,509 | -€2,405 | -48.9% |
| Non-recurring operating charges | 66A | €80 | €25 | -€55 | -68.8% |
| Gross operating margin | 9900 | €423,326 | €317,322 | -€106,004 | -25.0% |
| Operating profit (loss) | 9901 | €178,016 | €119,721 | -€58,295 | -32.7% |
| Financial income | 75/76B | €9,521 | €1,303 | -€8,218 | -86.3% |
| Recurring financial income | 75 | €9,521 | €1,303 | -€8,218 | -86.3% |
| Financial charges | 65/66B | €6,878 | €6,628 | -€250 | -3.6% |
| Recurring financial charges | 65 | €6,878 | €6,628 | -€250 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €180,659 | €114,395 | -€66,263 | -36.7% |
| Income taxes | 67/77 | €144 | €1,516 | +€1,371 | +950% |
| Profit (loss) for the period | 9904 | €180,515 | €112,880 | -€67,635 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €180,515 | €112,880 | -€67,635 | -37.5% |
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 24 October 2026 via checked.be.