AARONAZAD: what changed
Two fiscal 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.
AARONAZAD
Largest movements
- Cash -€21,820
down €21,820 (-14.8%), from €147,012 to €125,192
mainly Net result for the year (-€11,383) and Tax, wage and social debts (-€7,758)
- Profit (loss) carried forward -€11,383
down €11,383 (-18.7%), from €60,718 to €49,334
- Tax, wage and social debts -€7,758
down €7,758 (-17.4%), from €44,663 to €36,905
of which Remuneration and social security: -€7,223
- Other debts -€1,894
down €1,894 (-51.2%), from €3,697 to €1,802
- Gross operating margin -€32,905
down €32,905 (-10.9%), from €302,353 to €269,448
- Staff costs -€14,106
down €14,106 (-4.8%), from €291,260 to €277,154
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.
Cash bridge derived
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 | €157,344 | €135,365 | -€21,978 | -14.0% |
| Fixed assets | 21/28 | €761 | - | -€761 | |
| Tangible fixed assets | 22/27 | €761 | - | -€761 | |
| Plant, machinery and equipment | 23 | €761 | - | -€761 | |
| Current assets | 29/58 | €156,582 | €135,365 | -€21,217 | -13.5% |
| Stocks and contracts in progress | 3 | €8,760 | €8,505 | -€255 | -2.9% |
| Stocks | 30/36 | €8,760 | €8,505 | -€255 | -2.9% |
| Amounts receivable within one year | 40/41 | €811 | €1,669 | +€858 | +105.8% |
| Trade receivables | 40 | €811 | €1,669 | +€858 | +105.8% |
| Cash at bank and in hand | 54/58 | €147,012 | €125,192 | -€21,820 | -14.8% |
| Total equity and liabilities | 10/49 | €157,344 | €135,365 | -€21,978 | -14.0% |
| Equity | 10/15 | €88,218 | €76,834 | -€11,383 | -12.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,718 | €49,334 | -€11,383 | -18.7% |
| Amounts payable | 17/49 | €69,126 | €58,531 | -€10,595 | -15.3% |
| Amounts payable within one year | 42/48 | €69,126 | €58,531 | -€10,595 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €8,044 | €6,783 | -€1,260 | -15.7% |
| Trade debts | 44 | €12,723 | €13,040 | +€318 | +2.5% |
| Suppliers | 440/4 | €12,723 | €13,040 | +€318 | +2.5% |
| Taxes, remuneration and social security | 45 | €44,663 | €36,905 | -€7,758 | -17.4% |
| Taxes | 450/3 | €19,453 | €18,917 | -€536 | -2.8% |
| Remuneration and social security | 454/9 | €25,211 | €17,988 | -€7,223 | -28.6% |
| Other amounts payable | 47/48 | €3,697 | €1,802 | -€1,894 | -51.2% |
| Remuneration, social security and pensions | 62 | €291,260 | €277,154 | -€14,106 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784 | €761 | -€23 | -2.9% |
| Other operating charges | 640/8 | €1,350 | €950 | -€400 | -29.6% |
| Gross operating margin | 9900 | €302,353 | €269,448 | -€32,905 | -10.9% |
| Operating profit (loss) | 9901 | €8,959 | -€9,417 | -€18,376 | |
| Financial income | 75/76B | €13 | €152 | +€139 | +1072.8% |
| Recurring financial income | 75 | €13 | €152 | +€139 | +1072.8% |
| Financial charges | 65/66B | €1,578 | €2,119 | +€540 | +34.2% |
| Recurring financial charges | 65 | €1,578 | €2,119 | +€540 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €7,394 | -€11,383 | -€18,777 | |
| Profit (loss) for the period | 9904 | €7,394 | -€11,383 | -€18,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,394 | -€11,383 | -€18,777 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.