ARANEA LOPHEM: 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.
ARANEA LOPHEM
Largest movements
- Current investments +€133,040
up €133,040 (+10.3%), from €1.3m to €1.4m
- Cash +€132,919
up €132,919 (+13,641%), from €974 to €133,893
mainly Net result for the year (+€225,649) and Depreciation (+€75,948)
- Tangible fixed assets -€54,567
down €54,567 (-6.3%), from €869,992 to €815,425
of which Other tangible fixed assets: -€52,436
- Reserves +€225,649
up €225,649 (+11.9%), from €1.9m to €2.1m
- Debts after one year -€39,800
down €39,800 (-8.4%), from €473,255 to €433,454
of which Financial debts: -€38,450
- Financial charges -€269,485
down €269,485, from €146,071 to -€123,414
- Financial income +€39,275
up €39,275 (+53.3%), from €73,654 to €112,929
- Gross operating margin -€18,145
down €18,145 (-14.1%), from €128,728 to €110,584
- Staff costs +€14,735
new in 2025: €14,735
- Depreciation +€3,756
up €3,756 (+5.2%), from €72,193 to €75,948
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.
Derived cash bridge
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 | €2,443,978 | €2,632,875 | +€188,897 | +7.7% |
| Fixed assets | 21/28 | €1,105,926 | €1,051,358 | -€54,567 | -4.9% |
| Tangible fixed assets | 22/27 | €869,992 | €815,425 | -€54,567 | -6.3% |
| Land and buildings | 22 | €514,547 | €497,307 | -€17,240 | -3.4% |
| Plant, machinery and equipment | 23 | €5,837 | €3,548 | -€2,289 | -39.2% |
| Furniture and vehicles | 24 | €0 | €17,398 | +€17,398 | |
| Other tangible fixed assets | 26 | €349,608 | €297,172 | -€52,436 | -15.0% |
| Financial fixed assets | 28 | €235,934 | €235,934 | = | 0.0% |
| Current assets | 29/58 | €1,338,052 | €1,581,516 | +€243,464 | +18.2% |
| Amounts receivable within one year | 40/41 | €39,541 | €17,200 | -€22,342 | -56.5% |
| Trade receivables | 40 | €16,215 | €17,200 | +€985 | +6.1% |
| Other amounts receivable | 41 | €23,327 | €0 | -€23,327 | -100% |
| Current investments | 50/53 | €1,295,415 | €1,428,455 | +€133,040 | +10.3% |
| Cash at bank and in hand | 54/58 | €974 | €133,893 | +€132,919 | +13,641% |
| Deferred charges and accrued income | 490/1 | €2,122 | €1,969 | -€153 | -7.2% |
| Total equity and liabilities | 10/49 | €2,443,978 | €2,632,875 | +€188,897 | +7.7% |
| Equity | 10/15 | €1,920,155 | €2,145,804 | +€225,649 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,901,555 | €2,127,204 | +€225,649 | +11.9% |
| Distributable reserves | 133 | €1,901,555 | €2,127,204 | +€225,649 | +11.9% |
| Amounts payable | 17/49 | €523,823 | €487,071 | -€36,752 | -7.0% |
| Amounts payable after more than one year | 17 | €473,255 | €433,454 | -€39,800 | -8.4% |
| Financial debts | 170/4 | €465,755 | €427,304 | -€38,450 | -8.3% |
| Other amounts payable | 178/9 | €7,500 | €6,150 | -€1,350 | -18.0% |
| Amounts payable within one year | 42/48 | €50,569 | €53,616 | +€3,048 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €38,020 | €38,450 | +€430 | +1.1% |
| Trade debts | 44 | €3,503 | €273 | -€3,231 | -92.2% |
| Suppliers | 440/4 | €3,503 | €273 | -€3,231 | -92.2% |
| Taxes, remuneration and social security | 45 | €2,844 | €14,789 | +€11,945 | +420% |
| Taxes | 450/3 | €2,844 | €13,529 | +€10,685 | +376% |
| Remuneration and social security | 454/9 | - | €1,260 | +€1,260 | |
| Other amounts payable | 47/48 | €6,201 | €105 | -€6,097 | -98.3% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Remuneration, social security and pensions | 62 | - | €14,735 | +€14,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,193 | €75,948 | +€3,756 | +5.2% |
| Other operating charges | 640/8 | €6,649 | €3,406 | -€3,242 | -48.8% |
| Gross operating margin | 9900 | €128,728 | €110,584 | -€18,145 | -14.1% |
| Operating profit (loss) | 9901 | €49,887 | €16,494 | -€33,393 | -66.9% |
| Financial income | 75/76B | €73,654 | €112,929 | +€39,275 | +53.3% |
| Recurring financial income | 75 | €73,654 | €112,929 | +€39,275 | +53.3% |
| Financial charges | 65/66B | €146,071 | -€123,414 | -€269,485 | |
| Recurring financial charges | 65 | €146,071 | -€123,414 | -€269,485 | |
| Profit (loss) for the period before taxes | 9903 | -€22,530 | €252,837 | +€275,367 | |
| Income taxes | 67/77 | €24,887 | €27,188 | +€2,301 | +9.2% |
| Profit (loss) for the period | 9904 | -€47,417 | €225,649 | +€273,066 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,417 | €225,649 | +€273,066 |
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 24 October 2026 via checked.be.