Dr. Joseph AUMANN: 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.
Dr. Joseph AUMANN
Largest movements
- Tangible fixed assets -€96,925
down €96,925 (-3.8%), from €2.6m to €2.5m
of which Land and buildings: -€56,324
- Reserves +€289,692
up €289,692 (+20.6%), from €1.4m to €1.7m
of which Distributable reserves: +€327,011
- Other debts -€248,763
down €248,763 (-100%), from €248,763 to €0
- Debts after one year -€89,048
down €89,048 (-8.8%), from €1.0m to €924,405
- Tax, wage and social debts +€53,394
up €53,394 (+524%), from €10,183 to €63,577
- Accrued charges and deferred income -€43,958
down €43,958 (-100%), from €43,958 to €0
- Gross operating margin +€144,485
up €144,485 (+24.5%), from €590,243 to €734,728
- Taxes +€53,242
up €53,242 (+75.6%), from €70,388 to €123,630
- Financial charges -€34,012
down €34,012 (-50.6%), from €67,199 to €33,187
- Depreciation -€29,159
down €29,159 (-9.4%), from €310,494 to €281,335
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 | €2,946,797 | €2,896,956 | -€49,841 | -1.7% |
| Fixed assets | 21/28 | €2,581,830 | €2,484,905 | -€96,925 | -3.8% |
| Tangible fixed assets | 22/27 | €2,581,830 | €2,484,905 | -€96,925 | -3.8% |
| Land and buildings | 22 | €2,280,905 | €2,224,581 | -€56,324 | -2.5% |
| Plant, machinery and equipment | 23 | €32,128 | €28,460 | -€3,668 | -11.4% |
| Furniture and vehicles | 24 | €114,436 | €77,502 | -€36,933 | -32.3% |
| Other tangible fixed assets | 26 | €154,362 | €154,362 | = | 0.0% |
| Current assets | 29/58 | €364,967 | €412,051 | +€47,084 | +12.9% |
| Amounts receivable within one year | 40/41 | €245,105 | €271,996 | +€26,891 | +11.0% |
| Trade receivables | 40 | €245,105 | - | -€245,105 | |
| Other amounts receivable | 41 | - | €271,996 | +€271,996 | |
| Cash at bank and in hand | 54/58 | €115,180 | €137,951 | +€22,770 | +19.8% |
| Deferred charges and accrued income | 490/1 | €4,682 | €2,105 | -€2,578 | -55.1% |
| Total equity and liabilities | 10/49 | €2,946,797 | €2,896,956 | -€49,841 | -1.7% |
| Equity | 10/15 | €1,426,036 | €1,715,728 | +€289,692 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,407,436 | €1,697,128 | +€289,692 | +20.6% |
| Tax-exempt reserves | 132 | €275,311 | €237,992 | -€37,319 | -13.6% |
| Distributable reserves | 133 | €1,132,125 | €1,459,136 | +€327,011 | +28.9% |
| Provisions and deferred taxes | 16 | €111,972 | €97,978 | -€13,994 | -12.5% |
| Deferred taxes | 168 | €111,972 | €97,978 | -€13,994 | -12.5% |
| Amounts payable | 17/49 | €1,408,790 | €1,083,250 | -€325,540 | -23.1% |
| Amounts payable after more than one year | 17 | €1,013,453 | €924,405 | -€89,048 | -8.8% |
| Financial debts | 170/4 | €1,013,453 | €924,405 | -€89,048 | -8.8% |
| Amounts payable within one year | 42/48 | €351,379 | €158,845 | -€192,534 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €89,048 | €89,048 | = | 0.0% |
| Trade debts | 44 | €3,386 | €6,220 | +€2,835 | +83.7% |
| Suppliers | 440/4 | €3,386 | €6,220 | +€2,835 | +83.7% |
| Taxes, remuneration and social security | 45 | €10,183 | €63,577 | +€53,394 | +524% |
| Taxes | 450/3 | €10,183 | €63,577 | +€53,394 | +524% |
| Other amounts payable | 47/48 | €248,763 | €0 | -€248,763 | -100% |
| Accrued charges and deferred income | 492/3 | €43,958 | €0 | -€43,958 | -100% |
| Non-recurring operating income | 76A | - | €88,925 | +€88,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,494 | €281,335 | -€29,159 | -9.4% |
| Other operating charges | 640/8 | €20,247 | €21,054 | +€807 | +4.0% |
| Gross operating margin | 9900 | €590,243 | €734,728 | +€144,485 | +24.5% |
| Operating profit (loss) | 9901 | €259,502 | €432,339 | +€172,837 | +66.6% |
| Financial income | 75/76B | €881 | €177 | -€705 | -80.0% |
| Recurring financial income | 75 | €881 | €177 | -€705 | -80.0% |
| Financial charges | 65/66B | €67,199 | €33,187 | -€34,012 | -50.6% |
| Recurring financial charges | 65 | €67,199 | €33,187 | -€34,012 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €193,184 | €399,329 | +€206,144 | +107% |
| Transfer from deferred taxes | 780 | €6,657 | €13,994 | +€7,336 | +110% |
| Income taxes | 67/77 | €70,388 | €123,630 | +€53,242 | +75.6% |
| Profit (loss) for the period | 9904 | €129,454 | €289,692 | +€160,238 | +124% |
| Transfer from tax-exempt reserves | 789 | €15,309 | €37,319 | +€22,009 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €144,763 | €327,011 | +€182,248 | +126% |
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 1 November 2026 via checked.be.