ARALU: what changed
Two fiscal 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.
ARALU
Largest movements
- Receivables within one year -€69,106
down €69,106 (-10.6%), from €651,219 to €582,114
of which Trade receivables: -€66,137
- Tangible fixed assets -€50,154
down €50,154 (-12.7%), from €395,933 to €345,780
of which Plant, machinery and equipment: -€41,388
- Cash -€26,427
down €26,427 (-32.6%), from €81,066 to €54,640
mainly Advances received (-€132,000) and Investment in fixed assets (net) (-€34,545)
- Advances received -€132,000
no longer reported in 2025 (was €132,000)
- Accrued charges and deferred income +€36,592
new in 2025: €36,592
- Reserves +€34,000
up €34,000 (+13.0%), from €261,700 to €295,700
of which Distributable reserves: +€34,000
- Current portion of long-term debt -€26,287
down €26,287 (-34.3%), from €76,677 to €50,390
- Debts after one year -€21,094
down €21,094 (-9.9%), from €213,424 to €192,330
- Staff costs -€102,554
down €102,554 (-99.8%), from €102,774 to €220
- Gross operating margin -€93,727
down €93,727 (-35.7%), from €262,504 to €168,778
- Depreciation +€6,734
up €6,734 (+8.6%), from €77,965 to €84,699
- Financial income -€2,774
down €2,774 (-53.5%), from €5,180 to €2,407
- Other operating charges +€2,655
up €2,655 (+52.5%), from €5,057 to €7,712
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 | €1,154,733 | €1,018,928 | -€135,804 | -11.8% |
| Fixed assets | 21/28 | €418,908 | €368,754 | -€50,154 | -12.0% |
| Tangible fixed assets | 22/27 | €395,933 | €345,780 | -€50,154 | -12.7% |
| Land and buildings | 22 | €182,227 | €190,361 | +€8,134 | +4.5% |
| Plant, machinery and equipment | 23 | €165,402 | €124,014 | -€41,388 | -25.0% |
| Furniture and vehicles | 24 | €48,305 | €31,405 | -€16,899 | -35.0% |
| Financial fixed assets | 28 | €22,975 | €22,975 | = | 0.0% |
| Current assets | 29/58 | €735,825 | €650,174 | -€85,651 | -11.6% |
| Stocks and contracts in progress | 3 | - | €6,662 | +€6,662 | |
| Stocks | 30/36 | - | €6,662 | +€6,662 | |
| Amounts receivable within one year | 40/41 | €651,219 | €582,114 | -€69,106 | -10.6% |
| Trade receivables | 40 | €600,677 | €534,540 | -€66,137 | -11.0% |
| Other amounts receivable | 41 | €50,543 | €47,574 | -€2,969 | -5.9% |
| Cash at bank and in hand | 54/58 | €81,066 | €54,640 | -€26,427 | -32.6% |
| Deferred charges and accrued income | 490/1 | €3,539 | €6,758 | +€3,220 | +91.0% |
| Total equity and liabilities | 10/49 | €1,154,733 | €1,018,928 | -€135,804 | -11.8% |
| Equity | 10/15 | €396,389 | €429,039 | +€32,650 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €261,700 | €295,700 | +€34,000 | +13.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €259,700 | €293,700 | +€34,000 | +13.1% |
| Profit (loss) carried forward | 14 | €99,689 | €99,839 | +€150 | +0.2% |
| Investment grants | 15 | €15,000 | €13,500 | -€1,500 | -10.0% |
| Amounts payable | 17/49 | €758,343 | €589,889 | -€168,454 | -22.2% |
| Amounts payable after more than one year | 17 | €213,424 | €192,330 | -€21,094 | -9.9% |
| Financial debts | 170/4 | €213,424 | €192,330 | -€21,094 | -9.9% |
| Amounts payable within one year | 42/48 | €544,920 | €360,967 | -€183,953 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €76,677 | €50,390 | -€26,287 | -34.3% |
| Trade debts | 44 | €286,739 | €278,454 | -€8,285 | -2.9% |
| Suppliers | 440/4 | €286,739 | €278,454 | -€8,285 | -2.9% |
| Advances received on contracts in progress | 46 | €132,000 | - | -€132,000 | |
| Taxes, remuneration and social security | 45 | €9,442 | €7,303 | -€2,139 | -22.7% |
| Taxes | 450/3 | €9,346 | €7,303 | -€2,043 | -21.9% |
| Remuneration and social security | 454/9 | €96 | - | -€96 | |
| Other amounts payable | 47/48 | €40,062 | €24,820 | -€15,242 | -38.0% |
| Accrued charges and deferred income | 492/3 | - | €36,592 | +€36,592 | |
| Remuneration, social security and pensions | 62 | €102,774 | €220 | -€102,554 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,965 | €84,699 | +€6,734 | +8.6% |
| Other operating charges | 640/8 | €5,057 | €7,712 | +€2,655 | +52.5% |
| Gross operating margin | 9900 | €262,504 | €168,778 | -€93,727 | -35.7% |
| Operating profit (loss) | 9901 | €76,708 | €76,147 | -€561 | -0.7% |
| Financial income | 75/76B | €5,180 | €2,407 | -€2,774 | -53.5% |
| Recurring financial income | 75 | €5,180 | €2,407 | -€2,774 | -53.5% |
| Financial charges | 65/66B | €12,114 | €12,100 | -€14 | -0.1% |
| Recurring financial charges | 65 | €12,114 | €12,100 | -€14 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €69,774 | €66,453 | -€3,321 | -4.8% |
| Income taxes | 67/77 | €24,271 | €22,303 | -€1,968 | -8.1% |
| Profit (loss) for the period | 9904 | €45,503 | €44,150 | -€1,353 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,503 | €44,150 | -€1,353 | -3.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.