ARACHNE: 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.
ARACHNE
Largest movements
- Receivables after one year +€79,900
new in 2025: €79,900
- Tangible fixed assets -€47,411
down €47,411 (-4.9%), from €959,655 to €912,244
of which Land and buildings: -€44,744
- Cash +€40,416
up €40,416 (+45.0%), from €89,853 to €130,270
mainly Net result for the year (+€123,926) and Depreciation (+€66,492)
- Reserves +€123,926
up €123,926 (+15.4%), from €805,972 to €929,898
of which Distributable reserves: +€139,229
- Other debts -€33,647
down €33,647 (-72.0%), from €46,719 to €13,073
- Depreciation -€62,402
down €62,402 (-48.4%), from €128,894 to €66,492
- Taxes +€24,614
up €24,614 (+67.2%), from €36,611 to €61,225
- Gross operating margin +€19,543
up €19,543 (+8.1%), from €239,801 to €259,344
- Financial income -€4,551
down €4,551 (-93.8%), from €4,850 to €299
- Financial charges -€4,185
down €4,185 (-53.9%), from €7,763 to €3,578
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 | €1,056,973 | €1,139,761 | +€82,788 | +7.8% |
| Fixed assets | 21/28 | €959,705 | €912,294 | -€47,411 | -4.9% |
| Tangible fixed assets | 22/27 | €959,655 | €912,244 | -€47,411 | -4.9% |
| Land and buildings | 22 | €909,584 | €864,840 | -€44,744 | -4.9% |
| Plant, machinery and equipment | 23 | €8,447 | €11,942 | +€3,495 | +41.4% |
| Furniture and vehicles | 24 | €8,711 | €10,296 | +€1,585 | +18.2% |
| Other tangible fixed assets | 26 | €32,913 | €25,166 | -€7,747 | -23.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €97,269 | €227,468 | +€130,199 | +133.9% |
| Amounts receivable after more than one year | 29 | - | €79,900 | +€79,900 | |
| Other amounts receivable | 291 | - | €79,900 | +€79,900 | |
| Amounts receivable within one year | 40/41 | €6,989 | €10,179 | +€3,189 | +45.6% |
| Trade receivables | 40 | €4,671 | €10,177 | +€5,506 | +117.9% |
| Other amounts receivable | 41 | €2,318 | €1 | -€2,317 | -99.9% |
| Cash at bank and in hand | 54/58 | €89,853 | €130,270 | +€40,416 | +45.0% |
| Deferred charges and accrued income | 490/1 | €426 | €7,120 | +€6,694 | +1570.8% |
| Total equity and liabilities | 10/49 | €1,056,973 | €1,139,761 | +€82,788 | +7.8% |
| Equity | 10/15 | €919,908 | €1,043,834 | +€123,926 | +13.5% |
| Contributions | 10/11 | €113,937 | €113,937 | = | 0.0% |
| Reserves | 13 | €805,972 | €929,898 | +€123,926 | +15.4% |
| Tax-exempt reserves | 132 | €204,582 | €189,280 | -€15,302 | -7.5% |
| Distributable reserves | 133 | €601,389 | €740,618 | +€139,229 | +23.2% |
| Provisions and deferred taxes | 16 | €51,239 | €47,413 | -€3,826 | -7.5% |
| Deferred taxes | 168 | €51,239 | €47,413 | -€3,826 | -7.5% |
| Amounts payable | 17/49 | €85,826 | €48,514 | -€37,312 | -43.5% |
| Amounts payable after more than one year | 17 | €4,723 | - | -€4,723 | |
| Financial debts | 170/4 | €4,723 | - | -€4,723 | |
| Amounts payable within one year | 42/48 | €79,249 | €47,490 | -€31,758 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €11,333 | €4,723 | -€6,610 | -58.3% |
| Trade debts | 44 | €1,949 | €7,909 | +€5,960 | +305.8% |
| Suppliers | 440/4 | €1,949 | €7,909 | +€5,960 | +305.8% |
| Taxes, remuneration and social security | 45 | €19,247 | €21,786 | +€2,539 | +13.2% |
| Taxes | 450/3 | €19,247 | €21,786 | +€2,539 | +13.2% |
| Other amounts payable | 47/48 | €46,719 | €13,073 | -€33,647 | -72.0% |
| Accrued charges and deferred income | 492/3 | €1,854 | €1,024 | -€831 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,894 | €66,492 | -€62,402 | -48.4% |
| Other operating charges | 640/8 | €7,027 | €8,247 | +€1,220 | +17.4% |
| Non-recurring operating charges | 66A | €782 | - | -€782 | |
| Gross operating margin | 9900 | €239,801 | €259,344 | +€19,543 | +8.1% |
| Operating profit (loss) | 9901 | €103,098 | €184,604 | +€81,507 | +79.1% |
| Financial income | 75/76B | €4,850 | €299 | -€4,551 | -93.8% |
| Recurring financial income | 75 | €4,850 | €299 | -€4,551 | -93.8% |
| Financial charges | 65/66B | €7,763 | €3,578 | -€4,185 | -53.9% |
| Recurring financial charges | 65 | €7,763 | €3,578 | -€4,185 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €100,184 | €181,325 | +€81,141 | +81.0% |
| Transfer from deferred taxes | 780 | €3,521 | €3,826 | +€305 | +8.7% |
| Income taxes | 67/77 | €36,611 | €61,225 | +€24,614 | +67.2% |
| Profit (loss) for the period | 9904 | €67,094 | €123,926 | +€56,832 | +84.7% |
| Transfer from tax-exempt reserves | 789 | €14,083 | €15,302 | +€1,219 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,178 | €139,229 | +€58,051 | +71.5% |
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 12 October 2026 via checked.be.