ARA: 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.
ARA
Largest movements
- Cash +€2,455
up €2,455 (+151.8%), from €1,617 to €4,072
mainly Debts within one year (+€2,446) and Depreciation (+€600)
- Debts within one year +€2,446
up €2,446 (+3.8%), from €64,935 to €67,381
of which Other debts: +€38,804
- Gross operating margin -€18,858
down €18,858 (-99.2%), from €19,012 to €155
- Taxes -€1,079
no longer reported in 2021 (was €1,079)
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,752 | €73,607 | +€1,855 | +2.6% |
| Fixed assets | 21/28 | €5,400 | €4,800 | -€600 | -11.1% |
| Tangible fixed assets | 22/27 | €5,400 | €4,800 | -€600 | -11.1% |
| Land and buildings | 22 | - | €4,800 | +€4,800 | |
| Current assets | 29/58 | €66,352 | €68,807 | +€2,455 | +3.7% |
| Amounts receivable within one year | 40/41 | €64,735 | €64,735 | = | 0.0% |
| Trade receivables | 40 | - | €25,153 | +€25,153 | |
| Other amounts receivable | 41 | - | €39,582 | +€39,582 | |
| Cash at bank and in hand | 54/58 | €1,617 | €4,072 | +€2,455 | +151.8% |
| Total equity and liabilities | 10/49 | €71,752 | €73,607 | +€1,855 | +2.6% |
| Equity | 10/15 | €6,817 | €6,226 | -€592 | -8.7% |
| Contributions | 10/11 | - | €7,426 | +€7,426 | |
| Capital | 10 | - | €7,426 | +€7,426 | |
| Issued capital | 100 | - | €18,550 | +€18,550 | |
| Uncalled capital | 101 | - | €11,124 | +€11,124 | |
| Reserves | 13 | €842 | €842 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €42 | +€42 | |
| Legal reserve | 130 | - | €42 | +€42 | |
| Distributable reserves | 133 | - | €800 | +€800 | |
| Profit (loss) carried forward | 14 | -€1,451 | -€2,043 | -€592 | -40.8% |
| Amounts payable | 17/49 | €64,935 | €67,381 | +€2,446 | +3.8% |
| Amounts payable within one year | 42/48 | €64,935 | €67,381 | +€2,446 | +3.8% |
| Trade debts | 44 | €24,229 | €24,229 | = | 0.0% |
| Suppliers | 440/4 | - | €24,229 | +€24,229 | |
| Taxes, remuneration and social security | 45 | - | €4,348 | +€4,348 | |
| Taxes | 450/3 | - | €4,348 | +€4,348 | |
| Other amounts payable | 47/48 | - | €38,804 | +€38,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €600 | = | 0.0% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €19,012 | €155 | -€18,858 | -99.2% |
| Operating profit (loss) | 9901 | €18,214 | -€545 | -€18,760 | |
| Recurring financial income | 75 | €1,358 | - | -€1,358 | |
| Financial charges | 65/66B | - | €46 | +€46 | |
| Recurring financial charges | 65 | €602 | €46 | -€556 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €18,970 | -€592 | -€19,562 | |
| Income taxes | 67/77 | €1,079 | - | -€1,079 | |
| Profit (loss) for the period | 9904 | €17,891 | -€592 | -€18,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,891 | -€592 | -€18,482 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2020 and 31 May 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.