ARAMES: 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.
ARAMES
Largest movements
- Stocks and contracts -€10,880
down €10,880 (-71.7%), from €15,175 to €4,295
- Cash +€4,243
up €4,243 (+83.5%), from €5,082 to €9,325
mainly Stocks and contracts (+€10,880) and Other debts (+€4,172)
- Tangible fixed assets -€3,194
down €3,194 (-23.6%), from €13,531 to €10,337
of which Land and buildings: -€12,278
- Receivables within one year -€2,799
down €2,799 (-94.6%), from €2,958 to €159
- Trade debts -€14,198
down €14,198 (-94.1%), from €15,096 to €898
- Other debts +€4,172
up €4,172 (+2.3%), from €183,645 to €187,817
- Debts after one year -€2,175
no longer reported in 2025 (was €2,175)
- Profit (loss) carried forward -€775
down €775 (-0.4%), from -€182,424 to -€183,199
- Gross operating margin -€23,020
down €23,020 (-80.5%), from €28,581 to €5,561
- Staff costs +€3,045
new in 2025: €3,045
- Other operating charges -€368
no longer reported in 2025 (was €368)
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 | €37,092 | €24,116 | -€12,976 | -35.0% |
| Fixed assets | 21/28 | €13,531 | €10,337 | -€3,194 | -23.6% |
| Tangible fixed assets | 22/27 | €13,531 | €10,337 | -€3,194 | -23.6% |
| Land and buildings | 22 | €12,278 | - | -€12,278 | |
| Plant, machinery and equipment | 23 | - | €9,983 | +€9,983 | |
| Furniture and vehicles | 24 | - | €354 | +€354 | |
| Leasing and similar rights | 25 | €1,252 | - | -€1,252 | |
| Current assets | 29/58 | €23,562 | €13,779 | -€9,783 | -41.5% |
| Stocks and contracts in progress | 3 | €15,175 | €4,295 | -€10,880 | -71.7% |
| Stocks | 30/36 | €15,175 | €4,295 | -€10,880 | -71.7% |
| Amounts receivable within one year | 40/41 | €2,958 | €159 | -€2,799 | -94.6% |
| Other amounts receivable | 41 | €2,958 | €159 | -€2,799 | -94.6% |
| Cash at bank and in hand | 54/58 | €5,082 | €9,325 | +€4,243 | +83.5% |
| Deferred charges and accrued income | 490/1 | €348 | - | -€348 | |
| Total equity and liabilities | 10/49 | €37,092 | €24,116 | -€12,976 | -35.0% |
| Equity | 10/15 | -€163,824 | -€164,599 | -€775 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,424 | -€183,199 | -€775 | -0.4% |
| Amounts payable | 17/49 | €200,916 | €188,715 | -€12,201 | -6.1% |
| Amounts payable after more than one year | 17 | €2,175 | - | -€2,175 | |
| Financial debts | 170/4 | €2,175 | - | -€2,175 | |
| Amounts payable within one year | 42/48 | €198,741 | €188,715 | -€10,026 | -5.0% |
| Trade debts | 44 | €15,096 | €898 | -€14,198 | -94.1% |
| Suppliers | 440/4 | €15,096 | €898 | -€14,198 | -94.1% |
| Other amounts payable | 47/48 | €183,645 | €187,817 | +€4,172 | +2.3% |
| Remuneration, social security and pensions | 62 | - | €3,045 | +€3,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,961 | €3,096 | +€135 | +4.6% |
| Other operating charges | 640/8 | €368 | - | -€368 | |
| Gross operating margin | 9900 | €28,581 | €5,561 | -€23,020 | -80.5% |
| Operating profit (loss) | 9901 | €25,252 | -€580 | -€25,832 | |
| Financial charges | 65/66B | €470 | €195 | -€275 | -58.5% |
| Recurring financial charges | 65 | €470 | €195 | -€275 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €24,783 | -€775 | -€25,558 | |
| Profit (loss) for the period | 9904 | €24,783 | -€775 | -€25,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,783 | -€775 | -€25,558 |
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 8 October 2026 via checked.be.