ARA CONSULT: 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 CONSULT
Largest movements
- Cash +€188,494
up €188,494 (+516.5%), from €36,493 to €224,987
mainly Net result for the year (+€241,836) and Current investments (+€126,007)
- Current investments -€126,007
down €126,007 (-83.2%), from €151,495 to €25,488
- Reserves +€111,836
up €111,836 (+6012.7%), from €1,860 to €113,696
of which Distributable reserves: +€109,976
- Other debts -€67,081
down €67,081 (-31.7%), from €211,367 to €144,286
- Tax, wage and social debts +€16,307
up €16,307 (+139.8%), from €11,663 to €27,970
- Gross operating margin +€44,281
up €44,281 (+15.9%), from €277,653 to €321,934
- Taxes +€7,388
up €7,388 (+10.3%), from €71,711 to €79,099
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 | €243,716 | €304,557 | +€60,840 | +25.0% |
| Fixed assets | 21/28 | €52,559 | €50,434 | -€2,125 | -4.0% |
| Tangible fixed assets | 22/27 | €11,846 | €9,722 | -€2,125 | -17.9% |
| Plant, machinery and equipment | 23 | €2,000 | €1,251 | -€749 | -37.5% |
| Other tangible fixed assets | 26 | €9,847 | €8,471 | -€1,376 | -14.0% |
| Financial fixed assets | 28 | €40,713 | €40,713 | = | 0.0% |
| Current assets | 29/58 | €191,158 | €254,122 | +€62,965 | +32.9% |
| Current investments | 50/53 | €151,495 | €25,488 | -€126,007 | -83.2% |
| Cash at bank and in hand | 54/58 | €36,493 | €224,987 | +€188,494 | +516.5% |
| Deferred charges and accrued income | 490/1 | €3,169 | €3,647 | +€477 | +15.1% |
| Total equity and liabilities | 10/49 | €243,716 | €304,557 | +€60,840 | +25.0% |
| Equity | 10/15 | €20,460 | €132,296 | +€111,836 | +546.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €113,696 | +€111,836 | +6012.7% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | €111,836 | +€109,976 | +5912.7% |
| Amounts payable | 17/49 | €223,256 | €172,261 | -€50,996 | -22.8% |
| Amounts payable within one year | 42/48 | €223,256 | €172,261 | -€50,996 | -22.8% |
| Trade debts | 44 | €227 | €5 | -€222 | -97.8% |
| Suppliers | 440/4 | €227 | €5 | -€222 | -97.8% |
| Taxes, remuneration and social security | 45 | €11,663 | €27,970 | +€16,307 | +139.8% |
| Taxes | 450/3 | €11,663 | €27,970 | +€16,307 | +139.8% |
| Other amounts payable | 47/48 | €211,367 | €144,286 | -€67,081 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,086 | €2,125 | +€39 | +1.9% |
| Other operating charges | 640/8 | €2,599 | €1,935 | -€664 | -25.6% |
| Gross operating margin | 9900 | €277,653 | €321,934 | +€44,281 | +15.9% |
| Operating profit (loss) | 9901 | €272,968 | €317,874 | +€44,906 | +16.5% |
| Financial income | 75/76B | €5,217 | €3,575 | -€1,642 | -31.5% |
| Recurring financial income | 75 | €5,217 | €3,575 | -€1,642 | -31.5% |
| Financial charges | 65/66B | €64 | €515 | +€450 | +702.9% |
| Recurring financial charges | 65 | €64 | €515 | +€450 | +702.9% |
| Profit (loss) for the period before taxes | 9903 | €278,121 | €320,935 | +€42,814 | +15.4% |
| Income taxes | 67/77 | €71,711 | €79,099 | +€7,388 | +10.3% |
| Profit (loss) for the period | 9904 | €206,410 | €241,836 | +€35,426 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €206,410 | €241,836 | +€35,426 | +17.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.