L'AUDENARDE: 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.
L'AUDENARDE
Largest movements
- Tangible fixed assets +€42,260
up €42,260 (+3.0%), from €1.4m to €1.4m
of which Other tangible fixed assets: +€71,499
- Receivables within one year -€17,613
down €17,613 (-16.0%), from €110,341 to €92,728
of which Trade receivables: -€18,650
- Profit (loss) carried forward -€78,746
down €78,746 (-61.9%), from -€127,237 to -€205,983
- Trade debts +€56,069
up €56,069 (+279%), from €20,083 to €76,152
- Debts after one year +€45,257
up €45,257 (+9.6%), from €470,218 to €515,475
- Other debts -€29,266
down €29,266 (-10.6%), from €276,327 to €247,061
- Short-term financial debts +€28,197
up €28,197 (+387%), from €7,285 to €35,482
- Gross operating margin -€49,355
down €49,355 (-33.9%), from €145,716 to €96,361
- Write-downs +€38,216
new in 2025: €38,216
- Other operating charges -€3,324
down €3,324 (-14.3%), from €23,231 to €19,907
- Depreciation -€1,849
down €1,849 (-2.0%), from €94,259 to €92,410
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 | €1,504,887 | €1,530,442 | +€25,555 | +1.7% |
| Fixed assets | 21/28 | €1,390,749 | €1,433,009 | +€42,260 | +3.0% |
| Tangible fixed assets | 22/27 | €1,390,749 | €1,433,009 | +€42,260 | +3.0% |
| Land and buildings | 22 | €1,058,719 | €1,025,047 | -€33,672 | -3.2% |
| Plant, machinery and equipment | 23 | €5,667 | €4,255 | -€1,413 | -24.9% |
| Furniture and vehicles | 24 | €56,081 | €61,926 | +€5,846 | +10.4% |
| Other tangible fixed assets | 26 | €270,282 | €341,781 | +€71,499 | +26.5% |
| Current assets | 29/58 | €114,138 | €97,432 | -€16,705 | -14.6% |
| Amounts receivable within one year | 40/41 | €110,341 | €92,728 | -€17,613 | -16.0% |
| Trade receivables | 40 | €97,135 | €78,485 | -€18,650 | -19.2% |
| Other amounts receivable | 41 | €13,207 | €14,243 | +€1,037 | +7.8% |
| Cash at bank and in hand | 54/58 | €76 | €3,889 | +€3,813 | +5,019% |
| Deferred charges and accrued income | 490/1 | €3,720 | €815 | -€2,905 | -78.1% |
| Total equity and liabilities | 10/49 | €1,504,887 | €1,530,442 | +€25,555 | +1.7% |
| Equity | 10/15 | €668,902 | €590,156 | -€78,746 | -11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €789,709 | €789,709 | = | 0.0% |
| Reserves | 13 | €230 | €230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €230 | €230 | = | 0.0% |
| Reserves not available under the articles | 1311 | €230 | €230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,237 | -€205,983 | -€78,746 | -61.9% |
| Amounts payable | 17/49 | €835,985 | €940,285 | +€104,300 | +12.5% |
| Amounts payable after more than one year | 17 | €470,218 | €515,475 | +€45,257 | +9.6% |
| Financial debts | 170/4 | €470,218 | €515,475 | +€45,257 | +9.6% |
| Amounts payable within one year | 42/48 | €351,911 | €424,194 | +€72,283 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €32,330 | €59,992 | +€27,662 | +85.6% |
| Financial debts | 43 | €7,285 | €35,482 | +€28,197 | +387% |
| Credit institutions | 430/8 | €7,285 | €35,482 | +€28,197 | +387% |
| Trade debts | 44 | €20,083 | €76,152 | +€56,069 | +279% |
| Suppliers | 440/4 | €20,083 | €76,152 | +€56,069 | +279% |
| Taxes, remuneration and social security | 45 | €15,886 | €5,507 | -€10,379 | -65.3% |
| Taxes | 450/3 | €15,886 | €5,507 | -€10,379 | -65.3% |
| Other amounts payable | 47/48 | €276,327 | €247,061 | -€29,266 | -10.6% |
| Accrued charges and deferred income | 492/3 | €13,855 | €616 | -€13,240 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,259 | €92,410 | -€1,849 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,216 | +€38,216 | |
| Other operating charges | 640/8 | €23,231 | €19,907 | -€3,324 | -14.3% |
| Gross operating margin | 9900 | €145,716 | €96,361 | -€49,355 | -33.9% |
| Operating profit (loss) | 9901 | €28,226 | -€54,173 | -€82,399 | |
| Financial income | 75/76B | €121 | €13 | -€109 | -89.7% |
| Recurring financial income | 75 | €121 | €13 | -€109 | -89.7% |
| Financial charges | 65/66B | €23,669 | €24,585 | +€917 | +3.9% |
| Recurring financial charges | 65 | €23,669 | €24,585 | +€917 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €4,679 | -€78,746 | -€83,424 | |
| Income taxes | 67/77 | €152 | - | -€152 | |
| Profit (loss) for the period | 9904 | €4,527 | -€78,746 | -€83,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,527 | -€78,746 | -€83,272 |
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 25 October 2026 via checked.be.