AARIXA: 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.
AARIXA
Largest movements
- Receivables within one year -€118,974
down €118,974 (-14.2%), from €838,918 to €719,944
of which Trade receivables: -€111,411
- Cash +€60,859
up €60,859 (+30.8%), from €197,783 to €258,642
mainly Depreciation (+€155,381) and Receivables within one year (+€118,974)
- Tangible fixed assets -€41,314
down €41,314 (-33.3%), from €123,946 to €82,632
of which Furniture and vehicles: -€34,236
- Receivables after one year -€30,000
down €30,000 (-5.6%), from €533,549 to €503,549
of which Trade receivables: -€30,000
- Intangible fixed assets -€29,576
down €29,576 (-7.7%), from €383,843 to €354,266
- Other debts -€50,305
down €50,305 (-50.0%), from €100,571 to €50,266
- Tax, wage and social debts -€47,426
down €47,426 (-15.0%), from €316,074 to €268,648
of which Taxes: -€37,009
- Accrued charges and deferred income -€43,643
down €43,643 (-24.1%), from €181,131 to €137,488
- Debts after one year -€27,286
down €27,286 (-46.6%), from €58,556 to €31,270
- Staff costs -€440,948
down €440,948 (-24.5%), from €1.8m to €1.4m
- Gross operating margin -€299,911
down €299,911 (-16.2%), from €1.9m to €1.6m
- Depreciation +€43,720
up €43,720 (+39.2%), from €111,661 to €155,381
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 | €2,114,901 | €1,955,915 | -€158,986 | -7.5% |
| Fixed assets | 21/28 | €507,789 | €436,898 | -€70,891 | -14.0% |
| Intangible fixed assets | 21 | €383,843 | €354,266 | -€29,576 | -7.7% |
| Tangible fixed assets | 22/27 | €123,946 | €82,632 | -€41,314 | -33.3% |
| Plant, machinery and equipment | 23 | €8,246 | €4,821 | -€3,424 | -41.5% |
| Furniture and vehicles | 24 | €101,084 | €66,848 | -€34,236 | -33.9% |
| Other tangible fixed assets | 26 | €14,617 | €10,962 | -€3,654 | -25.0% |
| Current assets | 29/58 | €1,607,112 | €1,519,017 | -€88,095 | -5.5% |
| Amounts receivable after more than one year | 29 | €533,549 | €503,549 | -€30,000 | -5.6% |
| Trade receivables | 290 | €153,549 | €123,549 | -€30,000 | -19.5% |
| Other amounts receivable | 291 | €380,000 | €380,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €838,918 | €719,944 | -€118,974 | -14.2% |
| Trade receivables | 40 | €644,335 | €532,924 | -€111,411 | -17.3% |
| Other amounts receivable | 41 | €194,583 | €187,020 | -€7,563 | -3.9% |
| Cash at bank and in hand | 54/58 | €197,783 | €258,642 | +€60,859 | +30.8% |
| Deferred charges and accrued income | 490/1 | €36,862 | €36,881 | +€20 | +0.1% |
| Total equity and liabilities | 10/49 | €2,114,901 | €1,955,915 | -€158,986 | -7.5% |
| Equity | 10/15 | €735,805 | €749,952 | +€14,147 | +1.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €698,605 | €712,752 | +€14,147 | +2.0% |
| Distributable reserves | 133 | €698,605 | €712,752 | +€14,147 | +2.0% |
| Amounts payable | 17/49 | €1,379,096 | €1,205,962 | -€173,133 | -12.6% |
| Amounts payable after more than one year | 17 | €58,556 | €31,270 | -€27,286 | -46.6% |
| Financial debts | 170/4 | €58,556 | €31,270 | -€27,286 | -46.6% |
| Amounts payable within one year | 42/48 | €1,139,408 | €1,037,204 | -€102,203 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €30,708 | €15,709 | -€14,999 | -48.8% |
| Financial debts | 43 | €424,459 | €423,759 | -€701 | -0.2% |
| Credit institutions | 430/8 | €417,226 | €403,589 | -€13,637 | -3.3% |
| Other loans | 439 | €7,234 | €20,170 | +€12,936 | +179% |
| Trade debts | 44 | €267,596 | €278,823 | +€11,227 | +4.2% |
| Suppliers | 440/4 | €267,596 | €278,823 | +€11,227 | +4.2% |
| Taxes, remuneration and social security | 45 | €316,074 | €268,648 | -€47,426 | -15.0% |
| Taxes | 450/3 | €85,801 | €48,792 | -€37,009 | -43.1% |
| Remuneration and social security | 454/9 | €230,273 | €219,856 | -€10,417 | -4.5% |
| Other amounts payable | 47/48 | €100,571 | €50,266 | -€50,305 | -50.0% |
| Accrued charges and deferred income | 492/3 | €181,131 | €137,488 | -€43,643 | -24.1% |
| Non-recurring operating income | 76A | €162,456 | €50,535 | -€111,921 | -68.9% |
| Remuneration, social security and pensions | 62 | €1,800,582 | €1,359,635 | -€440,948 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,661 | €155,381 | +€43,720 | +39.2% |
| Other operating charges | 640/8 | €2,482 | €2,467 | -€14 | -0.6% |
| Non-recurring operating charges | 66A | €7,945 | €6,237 | -€1,708 | -21.5% |
| Gross operating margin | 9900 | €1,850,598 | €1,550,688 | -€299,911 | -16.2% |
| Operating profit (loss) | 9901 | -€72,072 | €26,967 | +€99,039 | |
| Financial income | 75/76B | €11,104 | €8,455 | -€2,650 | -23.9% |
| Recurring financial income | 75 | €11,104 | €8,455 | -€2,650 | -23.9% |
| Financial charges | 65/66B | €40,236 | €23,467 | -€16,769 | -41.7% |
| Recurring financial charges | 65 | €40,236 | €23,467 | -€16,769 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€101,204 | €11,955 | +€113,159 | |
| Income taxes | 67/77 | €4,083 | -€2,192 | -€6,276 | |
| Profit (loss) for the period | 9904 | -€105,287 | €14,147 | +€119,434 | |
| Transfer from tax-exempt reserves | 789 | €54,730 | - | -€54,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,557 | €14,147 | +€64,704 |
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 13 October 2026 via checked.be.