L'Aurore: 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'Aurore
Largest movements
- Tangible fixed assets -€6,107
down €6,107 (-5.1%), from €118,739 to €112,632
of which Land and buildings: -€6,251
- Cash -€3,676
down €3,676 (-11.2%), from €32,936 to €29,259
mainly Net result for the year (-€6,372) and Investment in fixed assets (net) (-€6,247)
- Profit (loss) carried forward -€6,372
down €6,372 (-5.6%), from €113,685 to €107,313
- Trade debts -€2,109
down €2,109 (-93.6%), from €2,253 to €144
- Investment grants -€2,044
down €2,044 (-6.2%), from €32,969 to €30,925
- Gross operating margin -€5,495
down €5,495 (-39.2%), from €14,001 to €8,507
- Depreciation +€2,937
up €2,937 (+31.2%), from €9,418 to €12,354
- Financial charges -€290
down €290 (-84.2%), from €344 to €54
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 | €158,053 | €147,730 | -€10,323 | -6.5% |
| Fixed assets | 21/28 | €118,739 | €112,632 | -€6,107 | -5.1% |
| Tangible fixed assets | 22/27 | €118,739 | €112,632 | -€6,107 | -5.1% |
| Land and buildings | 22 | €102,816 | €96,565 | -€6,251 | -6.1% |
| Plant, machinery and equipment | 23 | €8,797 | €5,591 | -€3,206 | -36.4% |
| Furniture and vehicles | 24 | €7,126 | €10,475 | +€3,349 | +47.0% |
| Current assets | 29/58 | €39,314 | €35,098 | -€4,215 | -10.7% |
| Stocks and contracts in progress | 3 | €75 | €75 | = | 0.0% |
| Stocks | 30/36 | €75 | €75 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,237 | €5,080 | -€157 | -3.0% |
| Trade receivables | 40 | €1,173 | €2,927 | +€1,754 | +149% |
| Other amounts receivable | 41 | €4,064 | €2,153 | -€1,911 | -47.0% |
| Cash at bank and in hand | 54/58 | €32,936 | €29,259 | -€3,676 | -11.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | €683 | -€382 | -35.9% |
| Total equity and liabilities | 10/49 | €158,053 | €147,730 | -€10,323 | -6.5% |
| Equity | 10/15 | €155,436 | €147,020 | -€8,416 | -5.4% |
| Contributions | 10/11 | €7,196 | €7,196 | = | 0.0% |
| Revaluation surpluses | 12 | €1,587 | €1,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,685 | €107,313 | -€6,372 | -5.6% |
| Investment grants | 15 | €32,969 | €30,925 | -€2,044 | -6.2% |
| Amounts payable | 17/49 | €2,616 | €710 | -€1,906 | -72.9% |
| Amounts payable within one year | 42/48 | €2,616 | €710 | -€1,906 | -72.9% |
| Trade debts | 44 | €2,253 | €144 | -€2,109 | -93.6% |
| Suppliers | 440/4 | €2,253 | €144 | -€2,109 | -93.6% |
| Taxes, remuneration and social security | 45 | €363 | €566 | +€203 | +55.8% |
| Taxes | 450/3 | €363 | €566 | +€203 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,418 | €12,354 | +€2,937 | +31.2% |
| Other operating charges | 640/8 | €4,455 | €4,578 | +€123 | +2.8% |
| Gross operating margin | 9900 | €14,001 | €8,507 | -€5,495 | -39.2% |
| Operating profit (loss) | 9901 | €129 | -€8,426 | -€8,555 | |
| Financial income | 75/76B | €2,103 | €2,135 | +€32 | +1.5% |
| Recurring financial income | 75 | €2,103 | €2,135 | +€32 | +1.5% |
| Financial charges | 65/66B | €344 | €54 | -€290 | -84.2% |
| Recurring financial charges | 65 | €344 | €54 | -€290 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €1,888 | -€6,345 | -€8,233 | |
| Income taxes | 67/77 | €18 | €27 | +€10 | +54.8% |
| Profit (loss) for the period | 9904 | €1,870 | -€6,372 | -€8,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,870 | -€6,372 | -€8,243 |
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 23 October 2026 via checked.be.