ARANCO: what changed
Two financial 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.
ARANCO
Largest movements
- Receivables within one year +€43,591
up €43,591 (+3295.7%), from €1,323 to €44,914
of which Trade receivables: +€42,202
- Tangible fixed assets -€26,713
down €26,713 (-2.1%), from €1.3m to €1.3m
of which Land and buildings: -€24,923
- Cash +€16,885
up €16,885 (+92065.3%), from €18 to €16,903
mainly Debts after one year (+€264,702) and Net result for the year (+€87,516)
- Other debts -€318,960
down €318,960 (-100.0%), from €318,960 to €0
- Debts after one year +€264,702
up €264,702 (+40.8%), from €648,956 to €913,659
- Reserves +€87,516
up €87,516 (+52.3%), from €167,245 to €254,762
- Tax, wage and social debts +€55,789
up €55,789 (+458.1%), from €12,178 to €67,967
- Short-term financial debts -€49,979
down €49,979 (-100.0%), from €49,979 to €0
- Gross operating margin +€68,408
up €68,408 (+61.1%), from €112,045 to €180,452
- Taxes +€37,015
up €37,015 (+539.0%), from €6,867 to €43,882
- Other operating charges +€5,018
up €5,018 (+398.9%), from €1,258 to €6,276
- Financial charges -€2,101
down €2,101 (-11.5%), from €18,327 to €16,226
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 | €1,291,302 | €1,325,065 | +€33,763 | +2.6% |
| Fixed assets | 21/28 | €1,289,961 | €1,263,248 | -€26,713 | -2.1% |
| Tangible fixed assets | 22/27 | €1,289,961 | €1,263,248 | -€26,713 | -2.1% |
| Land and buildings | 22 | €1,282,559 | €1,257,636 | -€24,923 | -1.9% |
| Plant, machinery and equipment | 23 | €3,014 | €2,293 | -€720 | -23.9% |
| Furniture and vehicles | 24 | €4,389 | €3,319 | -€1,069 | -24.4% |
| Current assets | 29/58 | €1,341 | €61,817 | +€60,476 | +4509.7% |
| Amounts receivable within one year | 40/41 | €1,323 | €44,914 | +€43,591 | +3295.7% |
| Trade receivables | 40 | €143 | €42,345 | +€42,202 | +29607.1% |
| Other amounts receivable | 41 | €1,180 | €2,569 | +€1,389 | +117.7% |
| Cash at bank and in hand | 54/58 | €18 | €16,903 | +€16,885 | +92065.3% |
| Total equity and liabilities | 10/49 | €1,291,302 | €1,325,065 | +€33,763 | +2.6% |
| Equity | 10/15 | €197,245 | €284,762 | +€87,516 | +44.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €167,245 | €254,762 | +€87,516 | +52.3% |
| Distributable reserves | 133 | €167,245 | €254,762 | +€87,516 | +52.3% |
| Amounts payable | 17/49 | €1,094,057 | €1,040,303 | -€53,753 | -4.9% |
| Amounts payable after more than one year | 17 | €648,956 | €913,659 | +€264,702 | +40.8% |
| Financial debts | 170/4 | €648,956 | €913,659 | +€264,702 | +40.8% |
| Amounts payable within one year | 42/48 | €445,100 | €126,645 | -€318,456 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €38,335 | €38,754 | +€419 | +1.1% |
| Financial debts | 43 | €49,979 | €0 | -€49,979 | -100.0% |
| Credit institutions | 430/8 | €49,979 | €0 | -€49,979 | -100.0% |
| Trade debts | 44 | €25,648 | €19,924 | -€5,724 | -22.3% |
| Suppliers | 440/4 | €25,648 | €19,924 | -€5,724 | -22.3% |
| Taxes, remuneration and social security | 45 | €12,178 | €67,967 | +€55,789 | +458.1% |
| Taxes | 450/3 | €12,178 | €67,967 | +€55,789 | +458.1% |
| Other amounts payable | 47/48 | €318,960 | €0 | -€318,960 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,193 | €26,713 | +€520 | +2.0% |
| Other operating charges | 640/8 | €1,258 | €6,276 | +€5,018 | +398.9% |
| Gross operating margin | 9900 | €112,045 | €180,452 | +€68,408 | +61.1% |
| Operating profit (loss) | 9901 | €84,593 | €147,463 | +€62,870 | +74.3% |
| Financial income | 75/76B | €57 | €161 | +€104 | +180.9% |
| Recurring financial income | 75 | €57 | €161 | +€104 | +180.9% |
| Financial charges | 65/66B | €18,327 | €16,226 | -€2,101 | -11.5% |
| Recurring financial charges | 65 | €18,327 | €16,226 | -€2,101 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €66,324 | €131,398 | +€65,074 | +98.1% |
| Income taxes | 67/77 | €6,867 | €43,882 | +€37,015 | +539.0% |
| Profit (loss) for the period | 9904 | €59,457 | €87,516 | +€28,060 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,457 | €87,516 | +€28,060 | +47.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.