ARANTIS: 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.
ARANTIS
Largest movements
- Current investments +€400,000
up €400,000, from €0 to €400,000
- Cash -€328,385
down €328,385 (-92.0%), from €357,104 to €28,720
mainly Current investments (-€400,000) and Current portion of long-term debt (-€10,416)
- Tangible fixed assets -€22,116
down €22,116 (-3.2%), from €696,850 to €674,734
- Reserves +€64,744
up €64,744 (+15.7%), from €413,455 to €478,199
- Depreciation -€22,186
down €22,186 (-50.1%), from €44,302 to €22,116
- Gross operating margin +€14,813
up €14,813 (+14.8%), from €100,047 to €114,861
- Taxes +€9,219
up €9,219 (+71.0%), from €12,977 to €22,196
- Financial income -€3,374
down €3,374 (-35.1%), from €9,617 to €6,243
- Financial charges -€1,766
down €1,766 (-45.8%), from €3,853 to €2,086
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 | €1,059,399 | €1,112,478 | +€53,079 | +5.0% |
| Fixed assets | 21/28 | €696,850 | €674,734 | -€22,116 | -3.2% |
| Tangible fixed assets | 22/27 | €696,850 | €674,734 | -€22,116 | -3.2% |
| Land and buildings | 22 | €696,850 | €674,734 | -€22,116 | -3.2% |
| Current assets | 29/58 | €362,548 | €437,743 | +€75,195 | +20.7% |
| Amounts receivable within one year | 40/41 | €3,785 | €6,500 | +€2,715 | +71.7% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €3,785 | €5,000 | +€1,215 | +32.1% |
| Current investments | 50/53 | €0 | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €357,104 | €28,720 | -€328,385 | -92.0% |
| Deferred charges and accrued income | 490/1 | €1,659 | €2,524 | +€864 | +52.1% |
| Total equity and liabilities | 10/49 | €1,059,399 | €1,112,478 | +€53,079 | +5.0% |
| Equity | 10/15 | €1,013,455 | €1,078,199 | +€64,744 | +6.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €413,455 | €478,199 | +€64,744 | +15.7% |
| Distributable reserves | 133 | €413,455 | €478,199 | +€64,744 | +15.7% |
| Amounts payable | 17/49 | €45,944 | €34,279 | -€11,665 | -25.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €43,587 | €32,983 | -€10,604 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €10,416 | €0 | -€10,416 | -100.0% |
| Trade debts | 44 | €997 | €280 | -€716 | -71.9% |
| Suppliers | 440/4 | €997 | €280 | -€716 | -71.9% |
| Taxes, remuneration and social security | 45 | €1,010 | €11,182 | +€10,172 | +1007.0% |
| Taxes | 450/3 | €1,010 | €11,182 | +€10,172 | +1007.0% |
| Other amounts payable | 47/48 | €31,164 | €21,521 | -€9,643 | -30.9% |
| Accrued charges and deferred income | 492/3 | €2,357 | €1,295 | -€1,062 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,302 | €22,116 | -€22,186 | -50.1% |
| Other operating charges | 640/8 | €9,602 | €9,961 | +€359 | +3.7% |
| Gross operating margin | 9900 | €100,047 | €114,861 | +€14,813 | +14.8% |
| Operating profit (loss) | 9901 | €46,143 | €82,784 | +€36,640 | +79.4% |
| Financial income | 75/76B | €9,617 | €6,243 | -€3,374 | -35.1% |
| Recurring financial income | 75 | €9,617 | €6,243 | -€3,374 | -35.1% |
| Financial charges | 65/66B | €3,853 | €2,086 | -€1,766 | -45.8% |
| Recurring financial charges | 65 | €3,853 | €2,086 | -€1,766 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €51,907 | €86,940 | +€35,033 | +67.5% |
| Income taxes | 67/77 | €12,977 | €22,196 | +€9,219 | +71.0% |
| Profit (loss) for the period | 9904 | €38,931 | €64,744 | +€25,813 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,931 | €64,744 | +€25,813 | +66.3% |
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 29 September 2026 via checked.be.