ARANEOS: 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.
ARANEOS
Largest movements
- Receivables within one year +€140,335
up €140,335 (+93.7%), from €149,718 to €290,052
of which Trade receivables: +€138,215
- Tangible fixed assets -€38,048
down €38,048 (-20.3%), from €187,626 to €149,577
of which Furniture and vehicles: -€33,997
- Cash -€16,583
down €16,583 (-9.8%), from €169,162 to €152,579
mainly Contributions, distributions and other (-€156,000) and Receivables within one year (-€140,335)
- Stocks and contracts +€13,098
new in 2025: €13,098
- Other debts +€52,705
up €52,705 (+48.7%), from €108,162 to €160,867
- Trade debts +€39,951
up €39,951 (+209.0%), from €19,111 to €59,062
- Tax, wage and social debts +€25,958
up €25,958 (+51.8%), from €50,140 to €76,099
of which Remuneration and social security: +€14,821
- Debts after one year -€21,271
down €21,271 (-24.7%), from €86,287 to €65,016
- Gross operating margin +€170,998
up €170,998 (+39.7%), from €430,224 to €601,222
- Staff costs +€86,524
up €86,524 (+41.2%), from €209,786 to €296,310
- Taxes +€15,006
up €15,006 (+25.4%), from €58,986 to €73,992
- Financial income -€7,718
down €7,718 (-65.5%), from €11,784 to €4,066
of which Non-recurring financial income: -€9,256
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 | €525,495 | €629,261 | +€103,766 | +19.7% |
| Fixed assets | 21/28 | €188,894 | €150,846 | -€38,048 | -20.1% |
| Tangible fixed assets | 22/27 | €187,626 | €149,577 | -€38,048 | -20.3% |
| Plant, machinery and equipment | 23 | €16,198 | €12,146 | -€4,051 | -25.0% |
| Furniture and vehicles | 24 | €171,428 | €137,431 | -€33,997 | -19.8% |
| Financial fixed assets | 28 | €1,269 | €1,269 | = | 0.0% |
| Current assets | 29/58 | €336,601 | €478,415 | +€141,814 | +42.1% |
| Stocks and contracts in progress | 3 | - | €13,098 | +€13,098 | |
| Contracts in progress | 37 | - | €13,098 | +€13,098 | |
| Amounts receivable within one year | 40/41 | €149,718 | €290,052 | +€140,335 | +93.7% |
| Trade receivables | 40 | €140,372 | €278,587 | +€138,215 | +98.5% |
| Other amounts receivable | 41 | €9,346 | €11,466 | +€2,120 | +22.7% |
| Current investments | 50/53 | €7,825 | €11,093 | +€3,269 | +41.8% |
| Cash at bank and in hand | 54/58 | €169,162 | €152,579 | -€16,583 | -9.8% |
| Deferred charges and accrued income | 490/1 | €9,897 | €11,592 | +€1,696 | +17.1% |
| Total equity and liabilities | 10/49 | €525,495 | €629,261 | +€103,766 | +19.7% |
| Equity | 10/15 | €220,813 | €221,149 | +€337 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,360 | €60,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €48,500 | €48,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,253 | €154,589 | +€337 | +0.2% |
| Amounts payable | 17/49 | €304,682 | €408,112 | +€103,429 | +33.9% |
| Amounts payable after more than one year | 17 | €86,287 | €65,016 | -€21,271 | -24.7% |
| Financial debts | 170/4 | €86,287 | €65,016 | -€21,271 | -24.7% |
| Amounts payable within one year | 42/48 | €218,396 | €343,096 | +€124,700 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €30,828 | €36,914 | +€6,086 | +19.7% |
| Financial debts | 43 | €10,154 | €10,154 | = | 0.0% |
| Credit institutions | 430/8 | €10,154 | €10,154 | = | 0.0% |
| Trade debts | 44 | €19,111 | €59,062 | +€39,951 | +209.0% |
| Suppliers | 440/4 | €19,111 | €59,062 | +€39,951 | +209.0% |
| Taxes, remuneration and social security | 45 | €50,140 | €76,099 | +€25,958 | +51.8% |
| Taxes | 450/3 | €21,656 | €32,794 | +€11,138 | +51.4% |
| Remuneration and social security | 454/9 | €28,485 | €43,305 | +€14,821 | +52.0% |
| Other amounts payable | 47/48 | €108,162 | €160,867 | +€52,705 | +48.7% |
| Remuneration, social security and pensions | 62 | €209,786 | €296,310 | +€86,524 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,177 | €61,017 | +€5,840 | +10.6% |
| Other operating charges | 640/8 | €12,736 | €11,230 | -€1,506 | -11.8% |
| Gross operating margin | 9900 | €430,224 | €601,222 | +€170,998 | +39.7% |
| Operating profit (loss) | 9901 | €152,526 | €232,665 | +€80,139 | +52.5% |
| Financial income | 75/76B | €11,784 | €4,066 | -€7,718 | -65.5% |
| Recurring financial income | 75 | €2,527 | €4,066 | +€1,538 | +60.9% |
| Non-recurring financial income | 76B | €9,256 | - | -€9,256 | |
| Financial charges | 65/66B | €6,115 | €6,402 | +€287 | +4.7% |
| Recurring financial charges | 65 | €6,115 | €6,402 | +€287 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €158,195 | €230,329 | +€72,134 | +45.6% |
| Income taxes | 67/77 | €58,986 | €73,992 | +€15,006 | +25.4% |
| Profit (loss) for the period | 9904 | €99,209 | €156,337 | +€57,128 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,209 | €156,337 | +€57,128 | +57.6% |
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.