AYS: 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.
AYS
Largest movements
- Tangible fixed assets +€940,466
up €940,466 (+35.1%), from €2.7m to €3.6m
of which Land and buildings: +€940,466
- Receivables within one year -€168,379
down €168,379 (-64.5%), from €260,944 to €92,565
of which Other amounts receivable: -€168,379
- Cash -€136,774
down €136,774 (-87.0%), from €157,138 to €20,363
mainly Investment in fixed assets (net) (-€1.1m) and Trade debts (-€225,764)
- Debts after one year +€726,574
up €726,574 (+27.4%), from €2.6m to €3.4m
- Trade debts -€225,764
down €225,764 (-50.1%), from €450,517 to €224,754
- Current portion of long-term debt +€115,979
new in 2025: €115,979
- Gross operating margin +€201,871
up €201,871 (+514.8%), from €39,215 to €241,086
- Depreciation +€100,573
up €100,573 (+391.6%), from €25,684 to €126,257
- Financial charges +€84,455
up €84,455 (+166.0%), from €50,878 to €135,334
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 | €3,097,169 | €3,732,482 | +€635,313 | +20.5% |
| Fixed assets | 21/28 | €2,679,087 | €3,619,553 | +€940,466 | +35.1% |
| Tangible fixed assets | 22/27 | €2,679,087 | €3,619,553 | +€940,466 | +35.1% |
| Land and buildings | 22 | €2,679,087 | €3,619,553 | +€940,466 | +35.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €418,082 | €112,928 | -€305,154 | -73.0% |
| Amounts receivable within one year | 40/41 | €260,944 | €92,565 | -€168,379 | -64.5% |
| Trade receivables | 40 | €92,565 | €92,565 | +€0 | 0.0% |
| Other amounts receivable | 41 | €168,379 | €0 | -€168,379 | -100.0% |
| Cash at bank and in hand | 54/58 | €157,138 | €20,363 | -€136,774 | -87.0% |
| Total equity and liabilities | 10/49 | €3,097,169 | €3,732,482 | +€635,313 | +20.5% |
| Equity | 10/15 | -€35,468 | -€54,892 | -€19,424 | -54.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,468 | -€59,892 | -€19,424 | -48.0% |
| Amounts payable | 17/49 | €3,132,637 | €3,787,374 | +€654,737 | +20.9% |
| Amounts payable after more than one year | 17 | €2,647,976 | €3,374,550 | +€726,574 | +27.4% |
| Financial debts | 170/4 | €2,647,976 | €3,374,550 | +€726,574 | +27.4% |
| Amounts payable within one year | 42/48 | €461,717 | €359,370 | -€102,348 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | - | €115,979 | +€115,979 | |
| Trade debts | 44 | €450,517 | €224,754 | -€225,764 | -50.1% |
| Suppliers | 440/4 | €450,517 | €224,754 | -€225,764 | -50.1% |
| Taxes, remuneration and social security | 45 | €0 | €7,437 | +€7,437 | |
| Taxes | 450/3 | €0 | €7,437 | +€7,437 | |
| Other amounts payable | 47/48 | €11,200 | €11,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22,944 | €53,454 | +€30,510 | +133.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,684 | €126,257 | +€100,573 | +391.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €39,215 | €241,086 | +€201,871 | +514.8% |
| Operating profit (loss) | 9901 | €13,413 | €114,710 | +€101,296 | +755.2% |
| Financial income | 75/76B | - | €1,200 | +€1,200 | |
| Recurring financial income | 75 | - | €1,200 | +€1,200 | |
| Financial charges | 65/66B | €50,878 | €135,334 | +€84,455 | +166.0% |
| Recurring financial charges | 65 | €50,878 | €135,334 | +€84,455 | +166.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,465 | -€19,424 | +€18,041 | +48.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€37,465 | -€19,424 | +€18,041 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,465 | -€19,424 | +€18,041 | +48.2% |
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 9 October 2026 via checked.be.