ARADEN: 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.
ARADEN
Largest movements
- Cash +€153,917
up €153,917 (+37.3%), from €412,691 to €566,608
mainly Net result for the year (+€161,947) and Depreciation (+€19,279)
- Tangible fixed assets -€19,279
down €19,279 (-3.6%), from €533,248 to €513,968
of which Land and buildings: -€18,711
- Reserves +€157,345
up €157,345 (+22.8%), from €689,395 to €846,740
- Debts after one year -€16,667
down €16,667 (-14.3%), from €116,667 to €100,000
- Gross operating margin +€3,277
up €3,277 (+1.2%), from €267,712 to €270,989
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 | €1,351,889 | €1,487,715 | +€135,826 | +10.0% |
| Fixed assets | 21/28 | €533,248 | €513,968 | -€19,279 | -3.6% |
| Tangible fixed assets | 22/27 | €533,248 | €513,968 | -€19,279 | -3.6% |
| Land and buildings | 22 | €532,253 | €513,542 | -€18,711 | -3.5% |
| Furniture and vehicles | 24 | €995 | €427 | -€569 | -57.1% |
| Current assets | 29/58 | €818,641 | €973,747 | +€155,106 | +18.9% |
| Amounts receivable within one year | 40/41 | €4,115 | €3,249 | -€866 | -21.0% |
| Trade receivables | 40 | €648 | €360 | -€288 | -44.5% |
| Other amounts receivable | 41 | €3,467 | €2,889 | -€577 | -16.7% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €412,691 | €566,608 | +€153,917 | +37.3% |
| Deferred charges and accrued income | 490/1 | €1,835 | €3,889 | +€2,054 | +112% |
| Total equity and liabilities | 10/49 | €1,351,889 | €1,487,715 | +€135,826 | +10.0% |
| Equity | 10/15 | €701,848 | €862,129 | +€160,281 | +22.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €689,395 | €846,740 | +€157,345 | +22.8% |
| Distributable reserves | 133 | €689,395 | €846,740 | +€157,345 | +22.8% |
| Profit (loss) carried forward | 14 | €53 | €2,989 | +€2,936 | +5,577% |
| Amounts payable | 17/49 | €650,041 | €625,587 | -€24,455 | -3.8% |
| Amounts payable after more than one year | 17 | €116,667 | €100,000 | -€16,667 | -14.3% |
| Financial debts | 170/4 | €116,667 | €100,000 | -€16,667 | -14.3% |
| Amounts payable within one year | 42/48 | €504,321 | €498,821 | -€5,500 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Financial debts | 43 | €195,600 | €195,600 | = | 0.0% |
| Other loans | 439 | €195,600 | €195,600 | = | 0.0% |
| Trade debts | 44 | €5,515 | €65 | -€5,450 | -98.8% |
| Suppliers | 440/4 | €5,515 | €65 | -€5,450 | -98.8% |
| Taxes, remuneration and social security | 45 | €24,750 | €14,490 | -€10,259 | -41.5% |
| Taxes | 450/3 | €21,750 | €14,490 | -€7,259 | -33.4% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €261,789 | €271,999 | +€10,209 | +3.9% |
| Accrued charges and deferred income | 492/3 | €29,054 | €26,766 | -€2,287 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,594 | €19,279 | +€1,685 | +9.6% |
| Other operating charges | 640/8 | €3,235 | €3,320 | +€85 | +2.6% |
| Gross operating margin | 9900 | €267,712 | €270,989 | +€3,277 | +1.2% |
| Operating profit (loss) | 9901 | €246,882 | €248,389 | +€1,507 | +0.6% |
| Financial income | 75/76B | €11,661 | €12,404 | +€743 | +6.4% |
| Recurring financial income | 75 | €11,661 | €12,404 | +€743 | +6.4% |
| Financial charges | 65/66B | €31,643 | €28,936 | -€2,708 | -8.6% |
| Recurring financial charges | 65 | €31,643 | €28,936 | -€2,708 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €226,901 | €231,858 | +€4,958 | +2.2% |
| Income taxes | 67/77 | €68,348 | €69,911 | +€1,563 | +2.3% |
| Profit (loss) for the period | 9904 | €158,553 | €161,947 | +€3,394 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €158,553 | €161,947 | +€3,394 | +2.1% |
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 19 October 2026 via checked.be.