ARAANI: 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.
ARAANI
Largest movements
- Intangible fixed assets +€103,789
up €103,789 (+5.0%), from €2.1m to €2.2m
- Cash +€97,172
up €97,172 (+84.5%), from €114,994 to €212,165
mainly Depreciation (+€496,542) and Net result for the year (+€441,198)
- Receivables within one year +€82,203
up €82,203 (+36.3%), from €226,538 to €308,741
of which Trade receivables: +€120,426
- Reserves +€345,198
up €345,198 (+1,581%), from €21,831 to €367,029
- Current portion of long-term debt -€130,816
down €130,816 (-34.2%), from €382,514 to €251,698
- Accrued charges and deferred income -€119,869
down €119,869 (-81.8%), from €146,567 to €26,698
- Other debts +€96,000
new in 2025: €96,000
- Debts after one year +€56,082
up €56,082 (+7.9%), from €713,464 to €769,546
- Gross operating margin +€455,815
up €455,815 (+35.5%), from €1.3m to €1.7m
- Depreciation +€108,878
up €108,878 (+28.1%), from €387,664 to €496,542
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 | €2,447,975 | €2,723,772 | +€275,797 | +11.3% |
| Fixed assets | 21/28 | €2,100,577 | €2,196,587 | +€96,010 | +4.6% |
| Intangible fixed assets | 21 | €2,074,021 | €2,177,810 | +€103,789 | +5.0% |
| Tangible fixed assets | 22/27 | €22,291 | €14,511 | -€7,780 | -34.9% |
| Plant, machinery and equipment | 23 | €11,381 | €6,757 | -€4,625 | -40.6% |
| Furniture and vehicles | 24 | €10,909 | €7,754 | -€3,155 | -28.9% |
| Financial fixed assets | 28 | €4,266 | €4,266 | = | 0.0% |
| Current assets | 29/58 | €347,398 | €527,185 | +€179,787 | +51.8% |
| Amounts receivable within one year | 40/41 | €226,538 | €308,741 | +€82,203 | +36.3% |
| Trade receivables | 40 | €172,518 | €292,944 | +€120,426 | +69.8% |
| Other amounts receivable | 41 | €54,020 | €15,797 | -€38,223 | -70.8% |
| Cash at bank and in hand | 54/58 | €114,994 | €212,165 | +€97,172 | +84.5% |
| Deferred charges and accrued income | 490/1 | €5,867 | €6,279 | +€412 | +7.0% |
| Total equity and liabilities | 10/49 | €2,447,975 | €2,723,772 | +€275,797 | +11.3% |
| Equity | 10/15 | €796,928 | €1,142,126 | +€345,198 | +43.3% |
| Contributions | 10/11 | €775,097 | €775,097 | = | 0.0% |
| Capital | 10 | €775,097 | €775,097 | = | 0.0% |
| Issued capital | 100 | €775,097 | €775,097 | = | 0.0% |
| Reserves | 13 | €21,831 | €367,029 | +€345,198 | +1,581% |
| Distributable reserves | 133 | €21,831 | €367,029 | +€345,198 | +1,581% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,651,047 | €1,581,646 | -€69,401 | -4.2% |
| Amounts payable after more than one year | 17 | €713,464 | €769,546 | +€56,082 | +7.9% |
| Financial debts | 170/4 | €713,464 | €769,546 | +€56,082 | +7.9% |
| Amounts payable within one year | 42/48 | €791,017 | €785,402 | -€5,615 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €382,514 | €251,698 | -€130,816 | -34.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €271,556 | €303,171 | +€31,615 | +11.6% |
| Suppliers | 440/4 | €271,556 | €303,171 | +€31,615 | +11.6% |
| Advances received on contracts in progress | 46 | €622 | €0 | -€622 | -100% |
| Taxes, remuneration and social security | 45 | €136,324 | €134,532 | -€1,792 | -1.3% |
| Taxes | 450/3 | €17,466 | €16,919 | -€547 | -3.1% |
| Remuneration and social security | 454/9 | €118,858 | €117,614 | -€1,245 | -1.0% |
| Other amounts payable | 47/48 | - | €96,000 | +€96,000 | |
| Accrued charges and deferred income | 492/3 | €146,567 | €26,698 | -€119,869 | -81.8% |
| Remuneration, social security and pensions | 62 | €711,262 | €727,359 | +€16,097 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387,664 | €496,542 | +€108,878 | +28.1% |
| Other operating charges | 640/8 | €4,406 | €10,698 | +€6,292 | +143% |
| Gross operating margin | 9900 | €1,282,908 | €1,738,722 | +€455,815 | +35.5% |
| Operating profit (loss) | 9901 | €179,575 | €504,123 | +€324,548 | +181% |
| Financial income | 75/76B | €3,736 | €32 | -€3,704 | -99.1% |
| Recurring financial income | 75 | €3,736 | €32 | -€3,704 | -99.1% |
| Financial charges | 65/66B | €64,641 | €62,173 | -€2,468 | -3.8% |
| Recurring financial charges | 65 | €64,641 | €62,173 | -€2,468 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €118,670 | €441,982 | +€323,312 | +272% |
| Income taxes | 67/77 | €4,161 | €784 | -€3,376 | -81.2% |
| Profit (loss) for the period | 9904 | €114,509 | €441,198 | +€326,689 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €114,509 | €441,198 | +€326,689 | +285% |
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 14 October 2026 via checked.be.