ARARAS: 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.
ARARAS
Largest movements
- Tangible fixed assets -€8,703
down €8,703 (-2.5%), from €354,753 to €346,050
of which Land and buildings: -€12,176
- Debts after one year -€23,180
down €23,180 (-8.5%), from €271,393 to €248,213
- Reserves +€11,703
up €11,703 (+629%), from €1,860 to €13,563
- Trade debts -€5,125
down €5,125 (-70.4%), from €7,285 to €2,159
- Profit (loss) carried forward +€4,160
no longer reported in 2025 (was -€4,160)
- Tax, wage and social debts +€3,814
up €3,814 (+40.1%), from €9,508 to €13,322
of which Remuneration and social security: +€3,429
- Gross operating margin -€11,460
down €11,460 (-7.8%), from €146,301 to €134,841
- Depreciation -€1,760
down €1,760 (-6.1%), from €29,073 to €27,313
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 | €360,794 | €352,090 | -€8,703 | -2.4% |
| Fixed assets | 21/28 | €354,753 | €346,050 | -€8,703 | -2.5% |
| Tangible fixed assets | 22/27 | €354,753 | €346,050 | -€8,703 | -2.5% |
| Land and buildings | 22 | €294,868 | €282,692 | -€12,176 | -4.1% |
| Plant, machinery and equipment | 23 | €30,622 | €24,830 | -€5,792 | -18.9% |
| Furniture and vehicles | 24 | €4,381 | €4,626 | +€246 | +5.6% |
| Leasing and similar rights | 25 | - | €16,548 | +€16,548 | |
| Other tangible fixed assets | 26 | €24,883 | €17,354 | -€7,529 | -30.3% |
| Current assets | 29/58 | €6,040 | €6,040 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €801 | - | -€801 | |
| Other amounts receivable | 41 | €801 | - | -€801 | |
| Cash at bank and in hand | 54/58 | €10 | €3 | -€7 | -71.9% |
| Deferred charges and accrued income | 490/1 | €5,229 | €6,037 | +€808 | +15.4% |
| Total equity and liabilities | 10/49 | €360,794 | €352,090 | -€8,703 | -2.4% |
| Equity | 10/15 | €16,300 | €32,163 | +€15,864 | +97.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €13,563 | +€11,703 | +629% |
| Distributable reserves | 133 | €1,860 | €13,563 | +€11,703 | +629% |
| Profit (loss) carried forward | 14 | -€4,160 | - | +€4,160 | |
| Amounts payable | 17/49 | €344,494 | €319,927 | -€24,567 | -7.1% |
| Amounts payable after more than one year | 17 | €271,393 | €248,213 | -€23,180 | -8.5% |
| Financial debts | 170/4 | €271,393 | €248,213 | -€23,180 | -8.5% |
| Amounts payable within one year | 42/48 | €72,086 | €70,982 | -€1,104 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €44,652 | €42,667 | -€1,985 | -4.4% |
| Financial debts | 43 | €567 | €3,532 | +€2,965 | +523% |
| Credit institutions | 430/8 | €567 | €3,532 | +€2,965 | +523% |
| Trade debts | 44 | €7,285 | €2,159 | -€5,125 | -70.4% |
| Suppliers | 440/4 | €7,285 | €2,159 | -€5,125 | -70.4% |
| Taxes, remuneration and social security | 45 | €9,508 | €13,322 | +€3,814 | +40.1% |
| Taxes | 450/3 | - | €385 | +€385 | |
| Remuneration and social security | 454/9 | €9,508 | €12,937 | +€3,429 | +36.1% |
| Other amounts payable | 47/48 | €10,075 | €9,302 | -€773 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,015 | €733 | -€283 | -27.8% |
| Remuneration, social security and pensions | 62 | €74,458 | €74,455 | -€3 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,073 | €27,313 | -€1,760 | -6.1% |
| Other operating charges | 640/8 | €4,563 | €4,257 | -€306 | -6.7% |
| Gross operating margin | 9900 | €146,301 | €134,841 | -€11,460 | -7.8% |
| Operating profit (loss) | 9901 | €38,208 | €28,816 | -€9,391 | -24.6% |
| Financial income | 75/76B | €0 | €19 | +€19 | +6,528% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +6,528% |
| Financial charges | 65/66B | €12,551 | €11,470 | -€1,081 | -8.6% |
| Recurring financial charges | 65 | €12,551 | €11,470 | -€1,081 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €25,657 | €17,366 | -€8,291 | -32.3% |
| Income taxes | 67/77 | €199 | €1,502 | +€1,303 | +653% |
| Profit (loss) for the period | 9904 | €25,458 | €15,864 | -€9,594 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,458 | €15,864 | -€9,594 | -37.7% |
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 19 October 2026 via checked.be.