ARA: 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.
ARA
Largest movements
- Receivables within one year -€6,142
down €6,142 (-75.4%), from €8,142 to €2,000
- Cash +€3,749
up €3,749 (+49.3%), from €7,610 to €11,360
mainly Receivables within one year (+€6,142) and Deferred charges and accrued income (+€360)
- Deferred charges and accrued income -€360
down €360 (-100%), from €360 to €0
- Profit (loss) carried forward -€1,925
down €1,925 (-0.6%), from -€340,836 to -€342,761
- Trade debts -€569
down €569 (-92.0%), from €618 to €49
- Tax, wage and social debts -€283
down €283 (-17.8%), from €1,596 to €1,312
of which Taxes: -€283
- Gross operating margin -€2,380
down €2,380, from €511 to -€1,869
- Staff costs -€1,224
down €1,224, from €952 to -€272
- Financial charges +€54
up €54 (+39.6%), from €135 to €189
- Other operating charges +€21
up €21 (+17.8%), from €118 to €139
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 | €16,112 | €13,360 | -€2,752 | -17.1% |
| Current assets | 29/58 | €16,112 | €13,360 | -€2,752 | -17.1% |
| Amounts receivable within one year | 40/41 | €8,142 | €2,000 | -€6,142 | -75.4% |
| Trade receivables | 40 | €8,142 | €2,000 | -€6,142 | -75.4% |
| Cash at bank and in hand | 54/58 | €7,610 | €11,360 | +€3,749 | +49.3% |
| Deferred charges and accrued income | 490/1 | €360 | €0 | -€360 | -100% |
| Total equity and liabilities | 10/49 | €16,112 | €13,360 | -€2,752 | -17.1% |
| Equity | 10/15 | -€162,847 | -€164,772 | -€1,925 | -1.2% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €12,990 | €12,990 | = | 0.0% |
| Distributable reserves | 133 | €12,990 | €12,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,836 | -€342,761 | -€1,925 | -0.6% |
| Amounts payable | 17/49 | €178,958 | €178,131 | -€827 | -0.5% |
| Amounts payable within one year | 42/48 | €178,456 | €177,604 | -€852 | -0.5% |
| Trade debts | 44 | €618 | €49 | -€569 | -92.0% |
| Suppliers | 440/4 | €618 | €49 | -€569 | -92.0% |
| Taxes, remuneration and social security | 45 | €1,596 | €1,312 | -€283 | -17.8% |
| Taxes | 450/3 | €1,596 | €1,312 | -€283 | -17.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €176,242 | €176,242 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €502 | €528 | +€25 | +5.1% |
| Remuneration, social security and pensions | 62 | €952 | -€272 | -€1,224 | |
| Other operating charges | 640/8 | €118 | €139 | +€21 | +17.8% |
| Gross operating margin | 9900 | €511 | -€1,869 | -€2,380 | |
| Operating profit (loss) | 9901 | -€559 | -€1,736 | -€1,177 | -210% |
| Financial charges | 65/66B | €135 | €189 | +€54 | +39.6% |
| Recurring financial charges | 65 | €135 | €189 | +€54 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | -€695 | -€1,925 | -€1,230 | -177% |
| Profit (loss) for the period | 9904 | -€695 | -€1,925 | -€1,230 | -177% |
| Profit (loss) for the period to be appropriated | 9905 | -€695 | -€1,925 | -€1,230 | -177% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.