Les Aubépines: 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.
Les Aubépines
Largest movements
- Tangible fixed assets +€4.0m
up €4.0m (+1,674%), from €237,483 to €4.2m
of which Land and buildings: +€4.0m
- Cash +€346,805
up €346,805 (+54.2%), from €640,430 to €987,236
mainly Contributions, distributions and other (+€4.3m) and Depreciation (+€227,774)
- Deferred charges and accrued income -€167,176
down €167,176 (-68.5%), from €244,145 to €76,968
- Receivables within one year +€73,523
up €73,523 (+19.2%), from €382,025 to €455,548
of which Trade receivables: +€76,232
- Contributions +€4.0m
new in 2025: €4.0m
- Investment grants +€286,665
up €286,665 (+185%), from €154,537 to €441,201
- Debts within one year -€66,153
down €66,153 (-5.9%), from €1.1m to €1.0m
of which Tax, wage and social debts: -€67,830
- Depreciation +€180,294
up €180,294 (+380%), from €47,480 to €227,774
- Staff costs +€72,564
up €72,564 (+1.6%), from €4.6m to €4.7m
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 | €1,512,105 | €5,739,471 | +€4.2m | +280% |
| Fixed assets | 21/28 | €245,505 | €4,219,719 | +€4.0m | +1,619% |
| Intangible fixed assets | 21 | €7,078 | €5,002 | -€2,076 | -29.3% |
| Tangible fixed assets | 22/27 | €237,483 | €4,213,774 | +€4.0m | +1,674% |
| Land and buildings | 22 | €3,787 | €4,012,514 | +€4.0m | +105,858% |
| Plant, machinery and equipment | 23 | €31,208 | €20,842 | -€10,366 | -33.2% |
| Furniture and vehicles | 24 | €70,622 | €137,273 | +€66,651 | +94.4% |
| Other tangible fixed assets | 26 | €15,935 | €11,836 | -€4,099 | -25.7% |
| Assets under construction and advance payments | 27 | €115,931 | €31,308 | -€84,623 | -73.0% |
| Financial fixed assets | 28 | €944 | €944 | = | 0.0% |
| Current assets | 29/58 | €1,266,600 | €1,519,752 | +€253,152 | +20.0% |
| Amounts receivable within one year | 40/41 | €382,025 | €455,548 | +€73,523 | +19.2% |
| Trade receivables | 40 | €379,317 | €455,548 | +€76,232 | +20.1% |
| Other amounts receivable | 41 | €2,709 | - | -€2,709 | |
| Cash at bank and in hand | 54/58 | €640,430 | €987,236 | +€346,805 | +54.2% |
| Deferred charges and accrued income | 490/1 | €244,145 | €76,968 | -€167,176 | -68.5% |
| Total equity and liabilities | 10/49 | €1,512,105 | €5,739,471 | +€4.2m | +280% |
| Equity | 10/15 | €381,864 | €4,686,241 | +€4.3m | +1,127% |
| Contributions | 10/11 | - | €4,000,001 | +€4.0m | |
| Capital | 10 | - | €4,000,001 | +€4.0m | |
| Profit (loss) carried forward | 14 | €227,328 | €245,038 | +€17,711 | +7.8% |
| Investment grants | 15 | €154,537 | €441,201 | +€286,665 | +185% |
| Amounts payable | 17/49 | €1,130,241 | €1,053,231 | -€77,010 | -6.8% |
| Amounts payable within one year | 42/48 | €1,112,105 | €1,045,952 | -€66,153 | -5.9% |
| Trade debts | 44 | €52,815 | €40,930 | -€11,885 | -22.5% |
| Suppliers | 440/4 | €52,815 | €40,930 | -€11,885 | -22.5% |
| Taxes, remuneration and social security | 45 | €696,422 | €628,593 | -€67,830 | -9.7% |
| Taxes | 450/3 | €107,276 | €9,761 | -€97,515 | -90.9% |
| Remuneration and social security | 454/9 | €589,146 | €618,831 | +€29,685 | +5.0% |
| Accrued charges and deferred income | 492/3 | €18,136 | €7,279 | -€10,857 | -59.9% |
| Remuneration, social security and pensions | 62 | €4,591,561 | €4,664,126 | +€72,564 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,480 | €227,774 | +€180,294 | +380% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,912 | -€4,912 | -€9,823 | |
| Other operating charges | 640/8 | €465,973 | €468,862 | +€2,889 | +0.6% |
| Non-recurring operating charges | 66A | - | €767 | +€767 | |
| Gross operating margin | 9900 | €5,335,319 | €5,373,372 | +€38,053 | +0.7% |
| Operating profit (loss) | 9901 | €225,393 | €16,755 | -€208,638 | -92.6% |
| Financial income | 75/76B | €1,005 | €1,035 | +€30 | +3.0% |
| Recurring financial income | 75 | €1,005 | €1,035 | +€30 | +3.0% |
| Financial charges | 65/66B | €7,637 | €80 | -€7,557 | -99.0% |
| Recurring financial charges | 65 | €7,637 | €80 | -€7,557 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €218,761 | €17,711 | -€201,050 | -91.9% |
| Profit (loss) for the period | 9904 | €218,761 | €17,711 | -€201,050 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €218,761 | €17,711 | -€201,050 | -91.9% |
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 29 October 2026 via checked.be.