Etablissements Aubert: 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.
Etablissements Aubert
Largest movements
- Financial fixed assets -€935,241
down €935,241 (-100.0%), from €935,241 to €0
- Tangible fixed assets -€781,340
down €781,340 (-70.3%), from €1.1m to €329,672
of which Assets under construction and advance payments: -€778,876
- Receivables within one year +€211,171
up €211,171 (+67.0%), from €315,000 to €526,171
of which Other amounts receivable: +€463,171
- Cash +€62,915
up €62,915 (+317.6%), from €19,811 to €82,726
mainly Investment in fixed assets (net) (+€1.7m) and Debts after one year (+€1.0m)
- Deferred charges and accrued income +€43,450
new in 2025: €43,450
- Other debts -€1.2m
down €1.2m (-99.8%), from €1.2m to €2,637
- Profit (loss) carried forward -€1.2m
down €1.2m, from €976,801 to -€189,770
- Debts after one year +€1.0m
up €1.0m, from €0 to €1.0m
of which Other amounts payable: +€1.0m
- Tax, wage and social debts -€56,571
down €56,571 (-100.0%), from €56,571 to €0
- Financial charges +€167,497
up €167,497 (+37.0%), from €452,906 to €620,403
of which Non-recurring financial charges: +€614,396
- Financial income -€158,581
down €158,581 (-98.7%), from €160,742 to €2,161
- Taxes -€28,405
down €28,405 (-100.0%), from €28,405 to €0
- Gross operating margin -€11,644
down €11,644 (-3.1%), from €370,320 to €358,676
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 | €2,402,824 | €1,003,780 | -€1.4m | -58.2% |
| Fixed assets | 21/28 | €2,046,252 | €329,672 | -€1.7m | -83.9% |
| Tangible fixed assets | 22/27 | €1,111,012 | €329,672 | -€781,340 | -70.3% |
| Land and buildings | 22 | €198,976 | €196,511 | -€2,464 | -1.2% |
| Assets under construction and advance payments | 27 | €912,036 | €133,161 | -€778,876 | -85.4% |
| Financial fixed assets | 28 | €935,241 | €0 | -€935,241 | -100.0% |
| Current assets | 29/58 | €356,571 | €674,108 | +€317,537 | +89.1% |
| Amounts receivable after more than one year | 29 | €21,760 | €21,760 | = | 0.0% |
| Other amounts receivable | 291 | €21,760 | €21,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €315,000 | €526,171 | +€211,171 | +67.0% |
| Trade receivables | 40 | €315,000 | €63,000 | -€252,000 | -80.0% |
| Other amounts receivable | 41 | €0 | €463,171 | +€463,171 | |
| Cash at bank and in hand | 54/58 | €19,811 | €82,726 | +€62,915 | +317.6% |
| Deferred charges and accrued income | 490/1 | - | €43,450 | +€43,450 | |
| Total equity and liabilities | 10/49 | €2,402,824 | €1,003,780 | -€1.4m | -58.2% |
| Equity | 10/15 | €1,135,001 | -€31,570 | -€1.2m | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €96,200 | €96,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €976,801 | -€189,770 | -€1.2m | |
| Amounts payable | 17/49 | €1,267,823 | €1,035,350 | -€232,472 | -18.3% |
| Amounts payable after more than one year | 17 | €0 | €1,011,500 | +€1.0m | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €1,011,500 | +€1.0m | |
| Amounts payable within one year | 42/48 | €1,261,066 | €15,186 | -€1.2m | -98.8% |
| Trade debts | 44 | €0 | €12,549 | +€12,549 | |
| Suppliers | 440/4 | €0 | €12,549 | +€12,549 | |
| Taxes, remuneration and social security | 45 | €56,571 | €0 | -€56,571 | -100.0% |
| Taxes | 450/3 | €56,571 | €0 | -€56,571 | -100.0% |
| Other amounts payable | 47/48 | €1,204,495 | €2,637 | -€1.2m | -99.8% |
| Accrued charges and deferred income | 492/3 | €6,757 | €8,664 | +€1,908 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,464 | €2,464 | = | 0.0% |
| Other operating charges | 640/8 | €43,227 | €44,583 | +€1,356 | +3.1% |
| Non-recurring operating charges | 66A | €100,500 | €859,958 | +€759,458 | +755.7% |
| Gross operating margin | 9900 | €370,320 | €358,676 | -€11,644 | -3.1% |
| Operating profit (loss) | 9901 | €224,128 | -€548,330 | -€772,458 | |
| Financial income | 75/76B | €160,742 | €2,161 | -€158,581 | -98.7% |
| Recurring financial income | 75 | €160,742 | €2,161 | -€158,581 | -98.7% |
| Financial charges | 65/66B | €452,906 | €620,403 | +€167,497 | +37.0% |
| Recurring financial charges | 65 | €452,906 | €6,008 | -€446,898 | -98.7% |
| Non-recurring financial charges | 66B | - | €614,396 | +€614,396 | |
| Profit (loss) for the period before taxes | 9903 | -€68,036 | -€1,166,572 | -€1.1m | -1614.7% |
| Income taxes | 67/77 | €28,405 | €0 | -€28,405 | -100.0% |
| Profit (loss) for the period | 9904 | -€96,441 | -€1,166,572 | -€1.1m | -1109.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,441 | -€1,166,572 | -€1.1m | -1109.6% |
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 7 October 2026 via checked.be.