ARAS: 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.
ARAS
Largest movements
- Stocks and contracts +€2,971
new in 2025: €2,971
- Cash -€2,301
down €2,301 (-8.1%), from €28,340 to €26,039
mainly Stocks and contracts (-€2,971) and Receivables within one year (-€2,014)
- Receivables within one year +€2,014
up €2,014 (+33.4%), from €6,023 to €8,037
of which Trade receivables: +€2,692
- Profit (loss) carried forward +€4,704
up €4,704 (+45.1%), from €10,435 to €15,139
- Trade debts -€1,681
down €1,681 (-90.8%), from €1,852 to €171
- Purchases and services +€207,991
new in 2025: €207,991
- Gross operating margin +€5,388
up €5,388 (+408%), from €1,322 to €6,710
- Taxes -€534
no longer reported in 2025 (was €534)
- Other operating charges -€400
down €400 (-25.1%), from €1,595 to €1,194
- Staff costs +€388
up €388 (+113%), from €343 to €732
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 | €35,416 | €38,075 | +€2,659 | +7.5% |
| Fixed assets | 21/28 | €950 | €950 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €34,466 | €37,125 | +€2,659 | +7.7% |
| Stocks and contracts in progress | 3 | - | €2,971 | +€2,971 | |
| Stocks | 30/36 | - | €2,971 | +€2,971 | |
| Amounts receivable within one year | 40/41 | €6,023 | €8,037 | +€2,014 | +33.4% |
| Trade receivables | 40 | - | €2,692 | +€2,692 | |
| Other amounts receivable | 41 | €6,023 | €5,345 | -€677 | -11.2% |
| Cash at bank and in hand | 54/58 | €28,340 | €26,039 | -€2,301 | -8.1% |
| Deferred charges and accrued income | 490/1 | €103 | €78 | -€25 | -24.4% |
| Total equity and liabilities | 10/49 | €35,416 | €38,075 | +€2,659 | +7.5% |
| Equity | 10/15 | €29,738 | €34,441 | +€4,704 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €702 | €702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €702 | €702 | = | 0.0% |
| Reserves not available under the articles | 1311 | €702 | €702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,435 | €15,139 | +€4,704 | +45.1% |
| Amounts payable | 17/49 | €5,678 | €3,633 | -€2,045 | -36.0% |
| Amounts payable within one year | 42/48 | €5,678 | €3,633 | -€2,045 | -36.0% |
| Trade debts | 44 | €1,852 | €171 | -€1,681 | -90.8% |
| Suppliers | 440/4 | €1,852 | €171 | -€1,681 | -90.8% |
| Taxes, remuneration and social security | 45 | €534 | €170 | -€364 | -68.2% |
| Taxes | 450/3 | €534 | €170 | -€364 | -68.2% |
| Other amounts payable | 47/48 | €3,292 | €3,292 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €207,991 | +€207,991 | |
| Remuneration, social security and pensions | 62 | €343 | €732 | +€388 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | - | -€211 | |
| Other operating charges | 640/8 | €1,595 | €1,194 | -€400 | -25.1% |
| Gross operating margin | 9900 | €1,322 | €6,710 | +€5,388 | +408% |
| Operating profit (loss) | 9901 | -€827 | €4,785 | +€5,611 | |
| Financial charges | 65/66B | €57 | €81 | +€24 | +41.5% |
| Recurring financial charges | 65 | €57 | €81 | +€24 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€884 | €4,704 | +€5,588 | |
| Income taxes | 67/77 | €534 | - | -€534 | |
| Profit (loss) for the period | 9904 | -€1,418 | €4,704 | +€6,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,418 | €4,704 | +€6,121 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.