ARAM VAN BALLAERT: what changed
ARAM VAN BALLAERT
Largest movements
- Cash -€74,194
down €74,194 (-36.4%), from €203,616 to €129,422
mainly Other debts (-€61,045) and Net result for the year (-€8,007)
- Tangible fixed assets +€2,609
up €2,609 (+46.0%), from €5,676 to €8,284
of which Plant, machinery and equipment: +€3,847
- Other debts -€61,045
down €61,045 (-88.1%), from €69,304 to €8,258
- Reserves -€8,007
down €8,007 (-6.5%), from €124,079 to €116,072
- Tax, wage and social debts -€3,218
down €3,218 (-86.8%), from €3,707 to €489
- Gross operating margin -€31,305
down €31,305, from €27,786 to -€3,519
- Other operating charges -€30,531
down €30,531 (-95.6%), from €31,949 to €1,419
- Write-downs +€30,298
up €30,298, from -€30,298 to €0
- Taxes -€5,357
down €5,357 (-95.6%), from €5,606 to €248
- Financial charges -€2,674
down €2,674 (-60.0%), from €4,458 to €1,785
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,598 | €138,285 | -€72,312 | -34.3% |
| Fixed assets | 21/28 | €5,676 | €8,284 | +€2,609 | +46.0% |
| Tangible fixed assets | 22/27 | €5,676 | €8,284 | +€2,609 | +46.0% |
| Plant, machinery and equipment | 23 | €1,600 | €5,447 | +€3,847 | +240% |
| Furniture and vehicles | 24 | €572 | €308 | -€264 | -46.2% |
| Other tangible fixed assets | 26 | €3,503 | €2,529 | -€974 | -27.8% |
| Current assets | 29/58 | €204,922 | €130,001 | -€74,921 | -36.6% |
| Amounts receivable within one year | 40/41 | €1,306 | €579 | -€728 | -55.7% |
| Other amounts receivable | 41 | €1,306 | €579 | -€728 | -55.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €203,616 | €129,422 | -€74,194 | -36.4% |
| Total equity and liabilities | 10/49 | €210,598 | €138,285 | -€72,312 | -34.3% |
| Equity | 10/15 | €136,479 | €128,472 | -€8,007 | -5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,079 | €116,072 | -€8,007 | -6.5% |
| Distributable reserves | 133 | €124,079 | €116,072 | -€8,007 | -6.5% |
| Amounts payable | 17/49 | €74,118 | €9,813 | -€64,305 | -86.8% |
| Amounts payable within one year | 42/48 | €74,118 | €9,813 | -€64,305 | -86.8% |
| Financial debts | 43 | €248 | €235 | -€13 | -5.4% |
| Credit institutions | 430/8 | €248 | €235 | -€13 | -5.4% |
| Trade debts | 44 | €860 | €831 | -€28 | -3.3% |
| Suppliers | 440/4 | €860 | €831 | -€28 | -3.3% |
| Taxes, remuneration and social security | 45 | €3,707 | €489 | -€3,218 | -86.8% |
| Taxes | 450/3 | €3,707 | €489 | -€3,218 | -86.8% |
| Other amounts payable | 47/48 | €69,304 | €8,258 | -€61,045 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,069 | €2,495 | +€426 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,298 | €0 | +€30,298 | |
| Other operating charges | 640/8 | €31,949 | €1,419 | -€30,531 | -95.6% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | €27,786 | -€3,519 | -€31,305 | |
| Operating profit (loss) | 9901 | €24,066 | -€7,432 | -€31,498 | |
| Financial income | 75/76B | €637 | €1,457 | +€820 | +129% |
| Recurring financial income | 75 | €637 | €1,457 | +€820 | +129% |
| Financial charges | 65/66B | €4,458 | €1,785 | -€2,674 | -60.0% |
| Recurring financial charges | 65 | €4,458 | €1,785 | -€2,674 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €20,245 | -€7,759 | -€28,004 | |
| Income taxes | 67/77 | €5,606 | €248 | -€5,357 | -95.6% |
| Profit (loss) for the period | 9904 | €14,639 | -€8,007 | -€22,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,639 | -€8,007 | -€22,647 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.