L'Aurum: 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'Aurum
Largest movements
- Receivables within one year +€388,713
up €388,713 (+3,011%), from €12,908 to €401,621
of which Other amounts receivable: +€399,603
- Cash +€25,740
up €25,740 (+468%), from €5,498 to €31,238
mainly Net result for the year (+€453,369) and Tax, wage and social debts (+€6,649)
- Reserves +€453,369
up €453,369 (+513%), from €88,318 to €541,687
- Debts after one year -€54,456
down €54,456 (-14.8%), from €367,688 to €313,232
of which Financial debts: -€54,928
- Financial income +€385,000
up €385,000 (+2,567%), from €15,000 to €400,000
- Depreciation -€20,084
down €20,084 (-77.5%), from €25,918 to €5,833
- Gross operating margin +€16,475
up €16,475 (+22.6%), from €72,814 to €89,288
- Taxes +€7,226
up €7,226 (+118%), from €6,116 to €13,342
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 | €561,488 | €971,706 | +€410,218 | +73.1% |
| Fixed assets | 21/28 | €543,082 | €537,249 | -€5,833 | -1.1% |
| Tangible fixed assets | 22/27 | €198,082 | €192,249 | -€5,833 | -2.9% |
| Land and buildings | 22 | €198,082 | €192,249 | -€5,833 | -2.9% |
| Financial fixed assets | 28 | €345,000 | €345,000 | = | 0.0% |
| Current assets | 29/58 | €18,405 | €434,457 | +€416,051 | +2,260% |
| Amounts receivable within one year | 40/41 | €12,908 | €401,621 | +€388,713 | +3,011% |
| Trade receivables | 40 | €10,890 | €0 | -€10,890 | -100% |
| Other amounts receivable | 41 | €2,018 | €401,621 | +€399,603 | +19,803% |
| Cash at bank and in hand | 54/58 | €5,498 | €31,238 | +€25,740 | +468% |
| Deferred charges and accrued income | 490/1 | - | €1,598 | +€1,598 | |
| Total equity and liabilities | 10/49 | €561,488 | €971,706 | +€410,218 | +73.1% |
| Equity | 10/15 | €113,318 | €566,687 | +€453,369 | +400% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €88,318 | €541,687 | +€453,369 | +513% |
| Distributable reserves | 133 | €88,318 | €541,687 | +€453,369 | +513% |
| Amounts payable | 17/49 | €448,170 | €405,019 | -€43,151 | -9.6% |
| Amounts payable after more than one year | 17 | €367,688 | €313,232 | -€54,456 | -14.8% |
| Financial debts | 170/4 | €355,101 | €300,173 | -€54,928 | -15.5% |
| Other amounts payable | 178/9 | €12,587 | €13,059 | +€472 | +3.8% |
| Amounts payable within one year | 42/48 | €79,082 | €90,387 | +€11,305 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €53,190 | €54,928 | +€1,738 | +3.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,070 | €3,988 | +€2,918 | +273% |
| Suppliers | 440/4 | €1,070 | €3,988 | +€2,918 | +273% |
| Taxes, remuneration and social security | 45 | €9,822 | €16,470 | +€6,649 | +67.7% |
| Taxes | 450/3 | €8,322 | €16,470 | +€8,149 | +97.9% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,918 | €5,833 | -€20,084 | -77.5% |
| Other operating charges | 640/8 | €1,990 | €1,944 | -€47 | -2.3% |
| Gross operating margin | 9900 | €72,814 | €89,288 | +€16,475 | +22.6% |
| Operating profit (loss) | 9901 | €44,906 | €81,511 | +€36,606 | +81.5% |
| Financial income | 75/76B | €15,000 | €400,000 | +€385,000 | +2,567% |
| Recurring financial income | 75 | €15,000 | €400,000 | +€385,000 | +2,567% |
| Financial charges | 65/66B | €14,360 | €14,800 | +€440 | +3.1% |
| Recurring financial charges | 65 | €14,360 | €14,800 | +€440 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €45,545 | €466,711 | +€421,166 | +925% |
| Income taxes | 67/77 | €6,116 | €13,342 | +€7,226 | +118% |
| Profit (loss) for the period | 9904 | €39,429 | €453,369 | +€413,940 | +1,050% |
| Profit (loss) for the period to be appropriated | 9905 | €39,429 | €453,369 | +€413,940 | +1,050% |
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 16 October 2026 via checked.be.