ARAN: 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.
ARAN
Largest movements
- Tangible fixed assets -€26,312
down €26,312 (-15.7%), from €168,019 to €141,707
of which Plant, machinery and equipment: -€22,347
- Cash +€17,112
up €17,112 (+23.9%), from €71,532 to €88,644
mainly Depreciation (+€48,612) and Net result for the year (+€11,887)
- Receivables within one year +€3,022
up €3,022 (+20.7%), from €14,587 to €17,608
of which Other amounts receivable: +€5,724
- Deferred charges and accrued income +€2,663
up €2,663 (+146.3%), from €1,820 to €4,483
- Profit (loss) carried forward +€11,887
up €11,887 (+12.7%), from -€93,794 to -€81,907
- Investment grants -€10,487
down €10,487 (-28.4%), from €36,966 to €26,478
- Trade debts -€4,686
down €4,686 (-58.1%), from €8,072 to €3,386
- Debts after one year -€3,652
down €3,652 (-2.1%), from €170,389 to €166,737
of which Financial debts: -€3,652
- Tax, wage and social debts +€3,254
up €3,254 (+22.2%), from €14,641 to €17,895
of which Remuneration and social security: +€2,227
- Gross operating margin +€123,097
up €123,097 (+262.1%), from €46,969 to €170,067
- Depreciation +€20,883
up €20,883 (+75.3%), from €27,728 to €48,612
- Staff costs +€19,329
up €19,329 (+20.4%), from €94,980 to €114,308
- Financial income +€1,958
up €1,958 (+21.2%), from €9,248 to €11,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,753 | €254,237 | -€3,516 | -1.4% |
| Fixed assets | 21/28 | €169,814 | €143,502 | -€26,312 | -15.5% |
| Tangible fixed assets | 22/27 | €168,019 | €141,707 | -€26,312 | -15.7% |
| Plant, machinery and equipment | 23 | €150,606 | €128,258 | -€22,347 | -14.8% |
| Furniture and vehicles | 24 | €17,414 | €13,449 | -€3,965 | -22.8% |
| Financial fixed assets | 28 | €1,795 | €1,795 | = | 0.0% |
| Current assets | 29/58 | €87,939 | €110,735 | +€22,797 | +25.9% |
| Amounts receivable within one year | 40/41 | €14,587 | €17,608 | +€3,022 | +20.7% |
| Trade receivables | 40 | €8,575 | €5,872 | -€2,703 | -31.5% |
| Other amounts receivable | 41 | €6,012 | €11,736 | +€5,724 | +95.2% |
| Cash at bank and in hand | 54/58 | €71,532 | €88,644 | +€17,112 | +23.9% |
| Deferred charges and accrued income | 490/1 | €1,820 | €4,483 | +€2,663 | +146.3% |
| Total equity and liabilities | 10/49 | €257,753 | €254,237 | -€3,516 | -1.4% |
| Equity | 10/15 | €19,499 | €20,898 | +€1,400 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €57,735 | €57,735 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €57,735 | €57,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,794 | -€81,907 | +€11,887 | +12.7% |
| Investment grants | 15 | €36,966 | €26,478 | -€10,487 | -28.4% |
| Amounts payable | 17/49 | €238,254 | €233,339 | -€4,916 | -2.1% |
| Amounts payable after more than one year | 17 | €170,389 | €166,737 | -€3,652 | -2.1% |
| Financial debts | 170/4 | €100,389 | €96,737 | -€3,652 | -3.6% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,866 | €66,602 | -€1,264 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €3,580 | €3,749 | +€168 | +4.7% |
| Trade debts | 44 | €8,072 | €3,386 | -€4,686 | -58.1% |
| Suppliers | 440/4 | €8,072 | €3,386 | -€4,686 | -58.1% |
| Taxes, remuneration and social security | 45 | €14,641 | €17,895 | +€3,254 | +22.2% |
| Taxes | 450/3 | €4,964 | €5,991 | +€1,027 | +20.7% |
| Remuneration and social security | 454/9 | €9,677 | €11,905 | +€2,227 | +23.0% |
| Other amounts payable | 47/48 | €41,572 | €41,572 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €19,194 | +€19,194 | |
| Remuneration, social security and pensions | 62 | €94,980 | €114,308 | +€19,329 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,728 | €48,612 | +€20,883 | +75.3% |
| Other operating charges | 640/8 | €4,302 | €5,587 | +€1,285 | +29.9% |
| Gross operating margin | 9900 | €46,969 | €170,067 | +€123,097 | +262.1% |
| Operating profit (loss) | 9901 | -€80,040 | €1,560 | +€81,600 | |
| Financial income | 75/76B | €9,248 | €11,206 | +€1,958 | +21.2% |
| Recurring financial income | 75 | €9,248 | €11,206 | +€1,958 | +21.2% |
| Financial charges | 65/66B | €797 | €878 | +€82 | +10.3% |
| Recurring financial charges | 65 | €797 | €878 | +€82 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€71,589 | €11,887 | +€83,476 | |
| Profit (loss) for the period | 9904 | -€71,589 | €11,887 | +€83,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,589 | €11,887 | +€83,476 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.