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ARANIE: 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.

What changed

ARANIE

BE 0475.285.449
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13,251
2024 · -€173,208+€159,958
Equity
€313,390
2024 · €326,641-€13,251
Cash
€20
2024 · -+€20
Balance sheet total
€977,152
2024 · €982,232-€5,080

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Other debts +€30,226

      up €30,226 (+16.9%), from €179,338 to €209,563

    • Debts after one year -€26,285

      down €26,285 (-6.7%), from €393,876 to €367,591

    • Profit (loss) carried forward -€13,251

      down €13,251 (-8.3%), from €159,858 to €146,607

    Income statement
    • Taxes -€54,078

      no longer reported in 2025 (was €54,078)

    • Financial charges -€10,278

      down €10,278 (-58.7%), from €17,500 to €7,222

    • Gross operating margin +€8,414

      up €8,414 (+68.1%), from -€12,351 to -€3,937

    • Other operating charges -€2,187

      down €2,187 (-51.1%), from €4,279 to €2,092

    From the 2024 result to the 2025 result

    effect on the 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.

    Result 2024 -€173,208
    Gross operating margin +€8,414
    Other operating charges +€2,187
    Other operating items +€85,000
    Financial charges +€10,278
    Taxes +€54,078
    Result 2025 -€13,251

    Cash bridge derived

    cash 2024 to 2025

    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.

    From operations +€24,611
    Investment €0
    Financing -€24,591
    Cash 2024 €0
    Net result for the year -€13,251
    Receivables within one year +€5,100
    Trade debts +€2,536
    Other debts +€30,226
    Debts after one year -€26,285
    Current portion of long-term debt +€1,104
    Short-term financial debts +€590
    Cash 2025 €20
    Every line side by side 33 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €982,232 €977,152 -€5,080 -0.5%
    Current assets 29/58 €982,232 €977,152 -€5,080 -0.5%
    Stocks and contracts in progress 3 €540,253 €540,253 = 0.0%
    Stocks 30/36 €540,253 €540,253 = 0.0%
    Amounts receivable within one year 40/41 €441,979 €436,879 -€5,100 -1.2%
    Other amounts receivable 41 €441,979 €436,879 -€5,100 -1.2%
    Cash at bank and in hand 54/58 - €20 +€20
    Total equity and liabilities 10/49 €982,232 €977,152 -€5,080 -0.5%
    Equity 10/15 €326,641 €313,390 -€13,251 -4.1%
    Contributions 10/11 €166,783 €166,783 = 0.0%
    Profit (loss) carried forward 14 €159,858 €146,607 -€13,251 -8.3%
    Amounts payable 17/49 €655,591 €663,762 +€8,171 +1.2%
    Amounts payable after more than one year 17 €393,876 €367,591 -€26,285 -6.7%
    Financial debts 170/4 €393,876 €367,591 -€26,285 -6.7%
    Amounts payable within one year 42/48 €261,715 €296,171 +€34,456 +13.2%
    Current portion of amounts payable after more than one year 42 €21,422 €22,525 +€1,104 +5.2%
    Financial debts 43 €21,184 €21,774 +€590 +2.8%
    Credit institutions 430/8 €21,184 €21,774 +€590 +2.8%
    Trade debts 44 €7,170 €9,706 +€2,536 +35.4%
    Suppliers 440/4 €7,170 €9,706 +€2,536 +35.4%
    Taxes, remuneration and social security 45 €32,602 €32,602 = 0.0%
    Taxes 450/3 €32,602 €32,602 = 0.0%
    Other amounts payable 47/48 €179,338 €209,563 +€30,226 +16.9%
    Other operating charges 640/8 €4,279 €2,092 -€2,187 -51.1%
    Non-recurring operating charges 66A €85,000 - -€85,000
    Gross operating margin 9900 -€12,351 -€3,937 +€8,414 +68.1%
    Operating profit (loss) 9901 -€101,630 -€6,029 +€95,601 +94.1%
    Financial charges 65/66B €17,500 €7,222 -€10,278 -58.7%
    Recurring financial charges 65 €17,500 €7,222 -€10,278 -58.7%
    Profit (loss) for the period before taxes 9903 -€119,130 -€13,251 +€105,879 +88.9%
    Income taxes 67/77 €54,078 - -€54,078
    Profit (loss) for the period 9904 -€173,208 -€13,251 +€159,958 +92.3%
    Profit (loss) for the period to be appropriated 9905 -€173,208 -€13,251 +€159,958 +92.3%

    Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.