ARAMI: what changed
ARAMI
Largest movements
- Current investments +€118,000
up €118,000 (+37.6%), from €313,903 to €431,903
- Tangible fixed assets -€24,963
down €24,963 (-19.5%), from €128,329 to €103,366
- Cash -€18,184
down €18,184 (-21.9%), from €82,854 to €64,670
mainly Contributions, distributions and other (-€232,864) and Current investments (-€118,000)
- Receivables within one year +€13,115
up €13,115 (+14.6%), from €90,041 to €103,156
of which Other amounts receivable: +€18,267
- Other debts +€153,490
up €153,490 (+8,297%), from €1,850 to €155,340
- Reserves -€69,244
down €69,244 (-12.3%), from €564,087 to €494,843
- Taxes -€17,405
down €17,405 (-26.7%), from €65,247 to €47,842
- Depreciation +€12,916
up €12,916 (+78.4%), from €16,478 to €29,394
- Financial income +€8,204
up €8,204 (+101%), from €8,150 to €16,354
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 | €625,092 | €709,238 | +€84,146 | +13.5% |
| Fixed assets | 21/28 | €128,329 | €103,366 | -€24,963 | -19.5% |
| Tangible fixed assets | 22/27 | €128,329 | €103,366 | -€24,963 | -19.5% |
| Furniture and vehicles | 24 | €128,329 | €103,366 | -€24,963 | -19.5% |
| Current assets | 29/58 | €496,763 | €605,872 | +€109,109 | +22.0% |
| Amounts receivable within one year | 40/41 | €90,041 | €103,156 | +€13,115 | +14.6% |
| Trade receivables | 40 | €90,041 | €84,889 | -€5,152 | -5.7% |
| Other amounts receivable | 41 | - | €18,267 | +€18,267 | |
| Current investments | 50/53 | €313,903 | €431,903 | +€118,000 | +37.6% |
| Cash at bank and in hand | 54/58 | €82,854 | €64,670 | -€18,184 | -21.9% |
| Deferred charges and accrued income | 490/1 | €9,964 | €6,143 | -€3,821 | -38.3% |
| Total equity and liabilities | 10/49 | €625,092 | €709,238 | +€84,146 | +13.5% |
| Equity | 10/15 | €582,687 | €513,443 | -€69,244 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €564,087 | €494,843 | -€69,244 | -12.3% |
| Distributable reserves | 133 | €564,087 | €494,843 | -€69,244 | -12.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,405 | €195,796 | +€153,390 | +362% |
| Amounts payable within one year | 42/48 | €42,405 | €195,274 | +€152,869 | +360% |
| Trade debts | 44 | €5,103 | €892 | -€4,211 | -82.5% |
| Suppliers | 440/4 | €5,103 | €892 | -€4,211 | -82.5% |
| Taxes, remuneration and social security | 45 | €35,452 | €39,042 | +€3,590 | +10.1% |
| Taxes | 450/3 | €35,452 | €39,042 | +€3,590 | +10.1% |
| Other amounts payable | 47/48 | €1,850 | €155,340 | +€153,490 | +8,297% |
| Accrued charges and deferred income | 492/3 | - | €522 | +€522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,478 | €29,394 | +€12,916 | +78.4% |
| Other operating charges | 640/8 | €1,631 | €836 | -€795 | -48.7% |
| Gross operating margin | 9900 | €224,439 | €225,640 | +€1,201 | +0.5% |
| Operating profit (loss) | 9901 | €206,330 | €195,410 | -€10,920 | -5.3% |
| Financial income | 75/76B | €8,150 | €16,354 | +€8,204 | +101% |
| Recurring financial income | 75 | €8,150 | €16,354 | +€8,204 | +101% |
| Financial charges | 65/66B | -€1,204 | €303 | +€1,507 | |
| Recurring financial charges | 65 | -€1,204 | €303 | +€1,507 | |
| Profit (loss) for the period before taxes | 9903 | €215,685 | €211,461 | -€4,223 | -2.0% |
| Income taxes | 67/77 | €65,247 | €47,842 | -€17,405 | -26.7% |
| Profit (loss) for the period | 9904 | €150,438 | €163,619 | +€13,182 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €150,438 | €163,619 | +€13,182 | +8.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.