Via Aurea: 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.
Via Aurea
Largest movements
- Receivables within one year +€181,829
up €181,829 (+1,234%), from €14,739 to €196,569
of which Trade receivables: +€148,140
- Cash -€47,848
down €47,848 (-50.8%), from €94,258 to €46,410
mainly Receivables within one year (-€181,829) and Investment in fixed assets (net) (-€35,514)
- Tangible fixed assets +€18,846
up €18,846 (+7.2%), from €260,011 to €278,857
of which Land and buildings: +€11,391
- Profit (loss) carried forward +€89,369
new in 2025: €89,369
- Reserves +€50,000
up €50,000 (+23.5%), from €212,924 to €262,924
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€39,859
up €39,859 (+1,640%), from €2,430 to €42,289
of which Taxes: +€42,289
- Debts after one year -€23,768
down €23,768 (-23.1%), from €102,897 to €79,129
- Other debts -€7,325
down €7,325 (-57.3%), from €12,779 to €5,454
- Gross operating margin +€172,440
up €172,440 (+317%), from €54,476 to €226,916
- Taxes +€47,881
up €47,881 (+449%), from €10,657 to €58,538
- Staff costs +€6,505
new in 2025: €6,505
- Depreciation +€3,155
up €3,155 (+23.4%), from €13,513 to €16,669
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 | €372,038 | €522,575 | +€150,537 | +40.5% |
| Fixed assets | 21/28 | €260,686 | €279,532 | +€18,846 | +7.2% |
| Tangible fixed assets | 22/27 | €260,011 | €278,857 | +€18,846 | +7.2% |
| Land and buildings | 22 | €249,886 | €261,277 | +€11,391 | +4.6% |
| Plant, machinery and equipment | 23 | €497 | €2,278 | +€1,781 | +358% |
| Furniture and vehicles | 24 | €4,673 | €6,604 | +€1,931 | +41.3% |
| Other tangible fixed assets | 26 | €4,956 | €8,699 | +€3,743 | +75.5% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €111,352 | €243,043 | +€131,691 | +118% |
| Amounts receivable within one year | 40/41 | €14,739 | €196,569 | +€181,829 | +1,234% |
| Trade receivables | 40 | €7,379 | €155,519 | +€148,140 | +2,007% |
| Other amounts receivable | 41 | €7,360 | €41,049 | +€33,690 | +458% |
| Cash at bank and in hand | 54/58 | €94,258 | €46,410 | -€47,848 | -50.8% |
| Deferred charges and accrued income | 490/1 | €2,355 | €64 | -€2,291 | -97.3% |
| Total equity and liabilities | 10/49 | €372,038 | €522,575 | +€150,537 | +40.5% |
| Equity | 10/15 | €225,274 | €364,643 | +€139,369 | +61.9% |
| Contributions | 10/11 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €212,924 | €262,924 | +€50,000 | +23.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,064 | €261,064 | +€50,000 | +23.7% |
| Profit (loss) carried forward | 14 | - | €89,369 | +€89,369 | |
| Amounts payable | 17/49 | €146,764 | €157,932 | +€11,168 | +7.6% |
| Amounts payable after more than one year | 17 | €102,897 | €79,129 | -€23,768 | -23.1% |
| Financial debts | 170/4 | €102,897 | €79,129 | -€23,768 | -23.1% |
| Amounts payable within one year | 42/48 | €43,867 | €78,795 | +€34,928 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €25,570 | €23,768 | -€1,801 | -7.0% |
| Financial debts | 43 | - | €6,727 | +€6,727 | |
| Credit institutions | 430/8 | - | €6,727 | +€6,727 | |
| Trade debts | 44 | €3,088 | €557 | -€2,531 | -82.0% |
| Suppliers | 440/4 | €3,088 | €557 | -€2,531 | -82.0% |
| Taxes, remuneration and social security | 45 | €2,430 | €42,289 | +€39,859 | +1,640% |
| Taxes | 450/3 | - | €42,289 | +€42,289 | |
| Remuneration and social security | 454/9 | €2,430 | €0 | -€2,430 | -100% |
| Other amounts payable | 47/48 | €12,779 | €5,454 | -€7,325 | -57.3% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Remuneration, social security and pensions | 62 | - | €6,505 | +€6,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,513 | €16,669 | +€3,155 | +23.4% |
| Other operating charges | 640/8 | €2,782 | €1,915 | -€866 | -31.1% |
| Gross operating margin | 9900 | €54,476 | €226,916 | +€172,440 | +317% |
| Operating profit (loss) | 9901 | €38,181 | €201,826 | +€163,645 | +429% |
| Financial income | 75/76B | €56 | €0 | -€56 | -99.9% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -99.9% |
| Financial charges | 65/66B | €4,399 | €3,919 | -€480 | -10.9% |
| Recurring financial charges | 65 | €4,399 | €3,919 | -€480 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €33,838 | €197,907 | +€164,069 | +485% |
| Income taxes | 67/77 | €10,657 | €58,538 | +€47,881 | +449% |
| Profit (loss) for the period | 9904 | €23,181 | €139,369 | +€116,188 | +501% |
| Profit (loss) for the period to be appropriated | 9905 | €23,181 | €139,369 | +€116,188 | +501% |
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 24 October 2026 via checked.be.