ARAM 4: 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.
ARAM 4
Largest movements
- Cash +€4,997
up €4,997 (+169.9%), from €2,941 to €7,938
mainly Other debts (+€8,350) and Net result for the year (+€435)
- Stocks and contracts +€3,596
up €3,596 (+13.2%), from €27,340 to €30,936
- Other debts +€8,350
up €8,350 (+34.0%), from €24,556 to €32,906
- Profit (loss) carried forward +€435
up €435 (+14.3%), from €3,047 to €3,482
- Financial income +€1,027
up €1,027 (+25.0%), from €4,101 to €5,128
- Taxes +€732
new in 2025: €732
- Financial charges +€242
up €242 (+108.3%), from €223 to €465
- Gross operating margin +€190
up €190 (+5.2%), from -€3,686 to -€3,495
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 | €30,711 | €39,430 | +€8,719 | +28.4% |
| Current assets | 29/58 | €30,711 | €39,430 | +€8,719 | +28.4% |
| Stocks and contracts in progress | 3 | €27,340 | €30,936 | +€3,596 | +13.2% |
| Stocks | 30/36 | €27,340 | €30,936 | +€3,596 | +13.2% |
| Amounts receivable within one year | 40/41 | €430 | €556 | +€126 | +29.3% |
| Other amounts receivable | 41 | €430 | €556 | +€126 | +29.3% |
| Cash at bank and in hand | 54/58 | €2,941 | €7,938 | +€4,997 | +169.9% |
| Total equity and liabilities | 10/49 | €30,711 | €39,430 | +€8,719 | +28.4% |
| Equity | 10/15 | €5,047 | €5,482 | +€435 | +8.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,047 | €3,482 | +€435 | +14.3% |
| Amounts payable | 17/49 | €25,664 | €33,948 | +€8,284 | +32.3% |
| Amounts payable within one year | 42/48 | €25,664 | €33,948 | +€8,284 | +32.3% |
| Trade debts | 44 | €544 | €278 | -€266 | -48.9% |
| Suppliers | 440/4 | €544 | €278 | -€266 | -48.9% |
| Taxes, remuneration and social security | 45 | €564 | €764 | +€199 | +35.3% |
| Taxes | 450/3 | €564 | €764 | +€199 | +35.3% |
| Other amounts payable | 47/48 | €24,556 | €32,906 | +€8,350 | +34.0% |
| Gross operating margin | 9900 | -€3,686 | -€3,495 | +€190 | +5.2% |
| Operating profit (loss) | 9901 | -€3,686 | -€3,495 | +€190 | +5.2% |
| Financial income | 75/76B | €4,101 | €5,128 | +€1,027 | +25.0% |
| Recurring financial income | 75 | €4,101 | €5,128 | +€1,027 | +25.0% |
| Financial charges | 65/66B | €223 | €465 | +€242 | +108.3% |
| Recurring financial charges | 65 | €223 | €465 | +€242 | +108.3% |
| Profit (loss) for the period before taxes | 9903 | €192 | €1,168 | +€975 | +507.2% |
| Income taxes | 67/77 | - | €732 | +€732 | |
| Profit (loss) for the period | 9904 | €192 | €435 | +€243 | +126.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192 | €435 | +€243 | +126.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.