ARA GROEP: 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 GROEP
Largest movements
- Receivables within one year +€60,068
up €60,068 (+73.1%), from €82,152 to €142,220
of which Trade receivables: +€44,232
- Tangible fixed assets +€39,691
up €39,691 (+47.4%), from €83,724 to €123,415
of which Furniture and vehicles: +€55,302
- Financial fixed assets +€20,000
up €20,000 (+400%), from €5,000 to €25,000
- Cash +€12,161
up €12,161 (+411%), from €2,959 to €15,120
mainly Tax, wage and social debts (+€68,401) and Trade debts (+€36,605)
- Tax, wage and social debts +€68,401
up €68,401 (+301%), from €22,730 to €91,131
of which Taxes: +€52,396
- Trade debts +€36,605
up €36,605 (+141%), from €25,895 to €62,500
- Profit (loss) carried forward +€23,515
up €23,515 (+262%), from €8,977 to €32,492
- Debts after one year +€7,059
up €7,059 (+10.6%), from €66,815 to €73,874
- Gross operating margin +€233,775
up €233,775 (+105%), from €223,510 to €457,285
- Staff costs +€197,979
up €197,979 (+101%), from €195,084 to €393,063
- Taxes +€10,728
up €10,728 (+1,594%), from €673 to €11,401
- Other operating charges -€5,200
down €5,200 (-71.0%), from €7,323 to €2,123
- Financial charges +€4,648
up €4,648 (+185%), from €2,511 to €7,159
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 | €174,033 | €306,666 | +€132,633 | +76.2% |
| Fixed assets | 21/28 | €88,724 | €148,415 | +€59,691 | +67.3% |
| Tangible fixed assets | 22/27 | €83,724 | €123,415 | +€39,691 | +47.4% |
| Furniture and vehicles | 24 | €24,083 | €79,385 | +€55,302 | +230% |
| Leasing and similar rights | 25 | €59,641 | €44,030 | -€15,611 | -26.2% |
| Financial fixed assets | 28 | €5,000 | €25,000 | +€20,000 | +400% |
| Current assets | 29/58 | €85,309 | €158,251 | +€72,942 | +85.5% |
| Amounts receivable within one year | 40/41 | €82,152 | €142,220 | +€60,068 | +73.1% |
| Trade receivables | 40 | €23,508 | €67,740 | +€44,232 | +188% |
| Other amounts receivable | 41 | €58,644 | €74,480 | +€15,836 | +27.0% |
| Cash at bank and in hand | 54/58 | €2,959 | €15,120 | +€12,161 | +411% |
| Deferred charges and accrued income | 490/1 | €198 | €911 | +€713 | +360% |
| Total equity and liabilities | 10/49 | €174,033 | €306,666 | +€132,633 | +76.2% |
| Equity | 10/15 | €29,437 | €52,952 | +€23,515 | +79.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,977 | €32,492 | +€23,515 | +262% |
| Amounts payable | 17/49 | €144,596 | €253,714 | +€109,118 | +75.5% |
| Amounts payable after more than one year | 17 | €66,815 | €73,874 | +€7,059 | +10.6% |
| Financial debts | 170/4 | €66,815 | €73,874 | +€7,059 | +10.6% |
| Amounts payable within one year | 42/48 | €77,781 | €179,840 | +€102,059 | +131% |
| Current portion of amounts payable after more than one year | 42 | €29,156 | €26,209 | -€2,947 | -10.1% |
| Trade debts | 44 | €25,895 | €62,500 | +€36,605 | +141% |
| Suppliers | 440/4 | €25,895 | €62,500 | +€36,605 | +141% |
| Taxes, remuneration and social security | 45 | €22,730 | €91,131 | +€68,401 | +301% |
| Taxes | 450/3 | €7,497 | €59,893 | +€52,396 | +699% |
| Remuneration and social security | 454/9 | €15,233 | €31,238 | +€16,005 | +105% |
| Remuneration, social security and pensions | 62 | €195,084 | €393,063 | +€197,979 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,834 | €24,059 | -€775 | -3.1% |
| Other operating charges | 640/8 | €7,323 | €2,123 | -€5,200 | -71.0% |
| Gross operating margin | 9900 | €223,510 | €457,285 | +€233,775 | +105% |
| Operating profit (loss) | 9901 | -€3,731 | €38,040 | +€41,771 | |
| Financial income | 75/76B | €3,800 | €4,035 | +€235 | +6.2% |
| Recurring financial income | 75 | €3,800 | €4,035 | +€235 | +6.2% |
| Financial charges | 65/66B | €2,511 | €7,159 | +€4,648 | +185% |
| Recurring financial charges | 65 | €2,511 | €7,159 | +€4,648 | +185% |
| Profit (loss) for the period before taxes | 9903 | -€2,442 | €34,916 | +€37,358 | |
| Income taxes | 67/77 | €673 | €11,401 | +€10,728 | +1,594% |
| Profit (loss) for the period | 9904 | -€3,115 | €23,515 | +€26,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,115 | €23,515 | +€26,630 |
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 28 October 2026 via checked.be.