ARARAT: 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.
ARARAT
Largest movements
- Tangible fixed assets -€20,954
down €20,954 (-42.0%), from €49,913 to €28,960
- Receivables within one year +€4,853
up €4,853 (+9.2%), from €52,606 to €57,458
- Debts -€27,108
down €27,108 (-26.4%), from €102,517 to €75,410
- Profit (loss) carried forward +€9,849
up €9,849 (+73.2%), from -€13,458 to -€3,610
- Turnover +€231,123
new in 2013: €231,123
- Gross operating margin +€6,428
up €6,428 (+14.4%), from €44,674 to €51,102
From the 2012 result to the 2013 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 2012 and 2013 balance sheets and the 2013 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2012 | 2013 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,659 | €90,918 | -€16,741 | -15.5% |
| Fixed assets | 21/28 | €54,413 | €33,460 | -€20,954 | -38.5% |
| Tangible fixed assets | 22/27 | €49,913 | €28,960 | -€20,954 | -42.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €53,245 | €57,458 | +€4,213 | +7.9% |
| Amounts receivable within one year | 40/41 | €52,606 | €57,458 | +€4,853 | +9.2% |
| Cash at bank and in hand | 54/58 | €640 | - | -€640 | |
| Total equity and liabilities | 10/49 | €107,659 | €90,918 | -€16,741 | -15.5% |
| Equity | 10/15 | €5,142 | €15,509 | +€10,367 | +201.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €518 | +€518 | |
| Profit (loss) carried forward | 14 | -€13,458 | -€3,610 | +€9,849 | +73.2% |
| Amounts payable | 17/49 | €102,517 | €75,410 | -€27,108 | -26.4% |
| Amounts payable within one year | 42/48 | €102,517 | €68,413 | -€34,104 | -33.3% |
| Trade debts | 44 | €44,693 | €7,152 | -€37,541 | -84.0% |
| Turnover | 70 | - | €231,123 | +€231,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,675 | €28,951 | +€1,276 | +4.6% |
| Gross operating margin | 9900 | €44,674 | €51,102 | +€6,428 | +14.4% |
| Operating profit (loss) | 9901 | €14,047 | €12,536 | -€1,511 | -10.8% |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Recurring financial charges | 65 | €938 | €2,169 | +€1,232 | +131.3% |
| Profit (loss) for the period before taxes | 9903 | €11,875 | €10,367 | -€1,508 | -12.7% |
| Profit (loss) for the period | 9904 | €11,875 | €10,367 | -€1,508 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,875 | €10,367 | -€1,508 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2012 and 31 December 2013. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.