ARA EXPORT: 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 EXPORT
Largest movements
- Stocks and contracts -€41,386
down €41,386 (-29.4%), from €141,000 to €99,614
- Cash +€26,814
up €26,814 (+428%), from €6,272 to €33,087
mainly Stocks and contracts (+€41,386) and Net result for the year (+€23,807)
- Deferred charges and accrued income -€3,402
no longer reported in 2025 (was €3,402)
- Receivables within one year +€2,994
up €2,994 (+6.8%), from €43,767 to €46,761
of which Trade receivables: +€5,463
- Other debts -€50,976
no longer reported in 2025 (was €50,976)
- Profit (loss) carried forward +€23,807
up €23,807 (+22.5%), from €105,842 to €129,649
- Trade debts +€14,110
up €14,110 (+366%), from €3,854 to €17,965
- Tax, wage and social debts -€4,493
down €4,493 (-23.3%), from €19,316 to €14,823
of which Remuneration and social security: -€10,191
- Turnover -€590,855
no longer reported in 2025 (was €590,855)
- Purchases and services -€439,342
no longer reported in 2025 (was €439,342)
- Staff costs -€54,777
down €54,777 (-52.6%), from €104,209 to €49,433
- Financial charges +€38,255
up €38,255 (+7,998%), from €478 to €38,733
of which Non-recurring financial charges: +€37,300
- Gross operating margin -€20,528
down €20,528 (-12.8%), from €159,921 to €139,393
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 | €206,588 | €190,117 | -€16,471 | -8.0% |
| Fixed assets | 21/28 | €12,146 | €10,655 | -€1,491 | -12.3% |
| Tangible fixed assets | 22/27 | €12,146 | €10,555 | -€1,591 | -13.1% |
| Plant, machinery and equipment | 23 | €5,029 | €3,591 | -€1,438 | -28.6% |
| Furniture and vehicles | 24 | €7,118 | €6,965 | -€153 | -2.2% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €194,441 | €179,461 | -€14,980 | -7.7% |
| Stocks and contracts in progress | 3 | €141,000 | €99,614 | -€41,386 | -29.4% |
| Stocks | 30/36 | €141,000 | €99,614 | -€41,386 | -29.4% |
| Amounts receivable within one year | 40/41 | €43,767 | €46,761 | +€2,994 | +6.8% |
| Trade receivables | 40 | €40,207 | €45,670 | +€5,463 | +13.6% |
| Other amounts receivable | 41 | €3,560 | €1,091 | -€2,470 | -69.4% |
| Cash at bank and in hand | 54/58 | €6,272 | €33,087 | +€26,814 | +428% |
| Deferred charges and accrued income | 490/1 | €3,402 | - | -€3,402 | |
| Total equity and liabilities | 10/49 | €206,588 | €190,117 | -€16,471 | -8.0% |
| Equity | 10/15 | €124,442 | €148,249 | +€23,807 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,842 | €129,649 | +€23,807 | +22.5% |
| Amounts payable | 17/49 | €82,146 | €41,867 | -€40,278 | -49.0% |
| Amounts payable within one year | 42/48 | €82,146 | €41,867 | -€40,278 | -49.0% |
| Trade debts | 44 | €3,854 | €17,965 | +€14,110 | +366% |
| Suppliers | 440/4 | €3,854 | €17,965 | +€14,110 | +366% |
| Advances received on contracts in progress | 46 | €8,000 | €9,080 | +€1,080 | +13.5% |
| Taxes, remuneration and social security | 45 | €19,316 | €14,823 | -€4,493 | -23.3% |
| Taxes | 450/3 | €3,329 | €9,027 | +€5,698 | +171% |
| Remuneration and social security | 454/9 | €15,987 | €5,796 | -€10,191 | -63.7% |
| Other amounts payable | 47/48 | €50,976 | - | -€50,976 | |
| Turnover | 70 | €590,855 | - | -€590,855 | |
| Goods, raw materials, services and sundry goods | 60/61 | €439,342 | - | -€439,342 | |
| Remuneration, social security and pensions | 62 | €104,209 | €49,433 | -€54,777 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,757 | €10,591 | +€2,835 | +36.5% |
| Other operating charges | 640/8 | €2,560 | €8,567 | +€6,007 | +235% |
| Gross operating margin | 9900 | €159,921 | €139,393 | -€20,528 | -12.8% |
| Operating profit (loss) | 9901 | €45,395 | €70,803 | +€25,408 | +56.0% |
| Financial income | 75/76B | €3,160 | - | -€3,160 | |
| Recurring financial income | 75 | €3,044 | - | -€3,044 | |
| Non-recurring financial income | 76B | €116 | - | -€116 | |
| Financial charges | 65/66B | €478 | €38,733 | +€38,255 | +7,998% |
| Recurring financial charges | 65 | €478 | €1,433 | +€955 | +200% |
| Non-recurring financial charges | 66B | - | €37,300 | +€37,300 | |
| Profit (loss) for the period before taxes | 9903 | €48,077 | €32,070 | -€16,007 | -33.3% |
| Income taxes | 67/77 | €9,187 | €8,262 | -€925 | -10.1% |
| Profit (loss) for the period | 9904 | €38,889 | €23,807 | -€15,082 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,889 | €23,807 | -€15,082 | -38.8% |
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.