L'AURORA: 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'AURORA
Largest movements
- Tangible fixed assets -€50,849
down €50,849 (-6.2%), from €826,590 to €775,740
of which Land and buildings: -€49,356
- Cash -€17,487
down €17,487 (-83.6%), from €20,906 to €3,419
mainly Net result for the year (-€69,030) and Debts after one year (-€26,232)
- Profit (loss) carried forward -€69,030
down €69,030 (-34.1%), from -€202,401 to -€271,430
- Debts after one year -€26,232
down €26,232 (-7.0%), from €376,976 to €350,744
of which Financial debts: -€126,232
- Other debts +€24,419
up €24,419 (+3.9%), from €623,023 to €647,441
- Gross operating margin -€172,522
down €172,522 (-86.0%), from €200,699 to €28,177
- Staff costs -€116,887
down €116,887 (-77.7%), from €150,421 to €33,534
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 | €858,518 | €784,444 | -€74,074 | -8.6% |
| Fixed assets | 21/28 | €826,590 | €775,740 | -€50,849 | -6.2% |
| Tangible fixed assets | 22/27 | €826,590 | €775,740 | -€50,849 | -6.2% |
| Land and buildings | 22 | €823,926 | €774,569 | -€49,356 | -6.0% |
| Plant, machinery and equipment | 23 | €2,664 | €1,171 | -€1,493 | -56.1% |
| Current assets | 29/58 | €31,929 | €8,704 | -€23,224 | -72.7% |
| Stocks and contracts in progress | 3 | €3,468 | €2,817 | -€651 | -18.8% |
| Stocks | 30/36 | €3,468 | €2,817 | -€651 | -18.8% |
| Amounts receivable within one year | 40/41 | €3,469 | €2,468 | -€1,001 | -28.9% |
| Trade receivables | 40 | €2,968 | €1,922 | -€1,045 | -35.2% |
| Other amounts receivable | 41 | €501 | €546 | +€44 | +8.8% |
| Cash at bank and in hand | 54/58 | €20,906 | €3,419 | -€17,487 | -83.6% |
| Deferred charges and accrued income | 490/1 | €4,086 | - | -€4,086 | |
| Total equity and liabilities | 10/49 | €858,518 | €784,444 | -€74,074 | -8.6% |
| Equity | 10/15 | -€181,941 | -€250,970 | -€69,030 | -37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,401 | -€271,430 | -€69,030 | -34.1% |
| Amounts payable | 17/49 | €1,040,459 | €1,035,415 | -€5,044 | -0.5% |
| Amounts payable after more than one year | 17 | €376,976 | €350,744 | -€26,232 | -7.0% |
| Financial debts | 170/4 | €376,976 | €250,744 | -€126,232 | -33.5% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €663,482 | €684,670 | +€21,188 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €25,763 | €26,232 | +€469 | +1.8% |
| Financial debts | 43 | - | €4,653 | +€4,653 | |
| Credit institutions | 430/8 | - | €4,653 | +€4,653 | |
| Trade debts | 44 | €7,131 | €5,557 | -€1,574 | -22.1% |
| Suppliers | 440/4 | €7,131 | €5,557 | -€1,574 | -22.1% |
| Taxes, remuneration and social security | 45 | €7,565 | €787 | -€6,778 | -89.6% |
| Taxes | 450/3 | €2,145 | €787 | -€1,358 | -63.3% |
| Remuneration and social security | 454/9 | €5,420 | - | -€5,420 | |
| Other amounts payable | 47/48 | €623,023 | €647,441 | +€24,419 | +3.9% |
| Remuneration, social security and pensions | 62 | €150,421 | €33,534 | -€116,887 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,250 | €50,849 | -€401 | -0.8% |
| Other operating charges | 640/8 | €6,319 | €5,455 | -€864 | -13.7% |
| Gross operating margin | 9900 | €200,699 | €28,177 | -€172,522 | -86.0% |
| Operating profit (loss) | 9901 | -€7,292 | -€61,662 | -€54,370 | -746% |
| Financial income | 75/76B | €273 | €26 | -€247 | -90.5% |
| Recurring financial income | 75 | €273 | €26 | -€247 | -90.5% |
| Financial charges | 65/66B | €8,934 | €7,004 | -€1,930 | -21.6% |
| Recurring financial charges | 65 | €8,934 | €7,004 | -€1,930 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,953 | -€68,640 | -€52,687 | -330% |
| Income taxes | 67/77 | €398 | €390 | -€8 | -2.1% |
| Profit (loss) for the period | 9904 | -€16,351 | -€69,030 | -€52,679 | -322% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,351 | -€69,030 | -€52,679 | -322% |
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 17 October 2026 via checked.be.