ARAS & 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 & ARAS
Largest movements
- Tangible fixed assets +€41,677
up €41,677 (+988%), from €4,218 to €45,895
of which Furniture and vehicles: +€29,395
- Receivables within one year +€21,475
up €21,475 (+190%), from €11,305 to €32,780
of which Other amounts receivable: +€20,967
- Cash +€2,854
up €2,854 (+157%), from €1,817 to €4,671
mainly Debts after one year (+€27,187) and Current portion of long-term debt (+€13,921)
- Debts after one year +€27,187
new in 2025: €27,187
- Current portion of long-term debt +€13,921
new in 2025: €13,921
- Trade debts +€11,176
new in 2025: €11,176
- Profit (loss) carried forward +€10,435
up €10,435, from -€4,248 to €6,187
- Tax, wage and social debts +€3,287
up €3,287 (+105%), from €3,125 to €6,412
- Financial income +€9,592
up €9,592 (+3,464%), from €277 to €9,869
of which Non-recurring financial income: +€8,688
- Taxes +€4,744
up €4,744 (+1,178%), from €403 to €5,147
- Gross operating margin -€3,136
down €3,136 (-21.0%), from €14,950 to €11,813
- Other operating charges +€1,914
up €1,914 (+233%), from €821 to €2,736
- Depreciation +€955
up €955 (+54.9%), from €1,738 to €2,693
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 | €19,338 | €85,344 | +€66,007 | +341% |
| Fixed assets | 21/28 | €4,218 | €45,895 | +€41,677 | +988% |
| Tangible fixed assets | 22/27 | €4,218 | €45,895 | +€41,677 | +988% |
| Plant, machinery and equipment | 23 | €4,102 | €16,384 | +€12,282 | +299% |
| Furniture and vehicles | 24 | €116 | €29,511 | +€29,395 | +25,284% |
| Current assets | 29/58 | €15,119 | €39,449 | +€24,330 | +161% |
| Stocks and contracts in progress | 3 | €1,997 | €1,997 | = | 0.0% |
| Stocks | 30/36 | €1,997 | €1,997 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,305 | €32,780 | +€21,475 | +190% |
| Trade receivables | 40 | - | €509 | +€509 | |
| Other amounts receivable | 41 | €11,305 | €32,271 | +€20,967 | +185% |
| Cash at bank and in hand | 54/58 | €1,817 | €4,671 | +€2,854 | +157% |
| Total equity and liabilities | 10/49 | €19,338 | €85,344 | +€66,007 | +341% |
| Equity | 10/15 | €16,212 | €26,647 | +€10,435 | +64.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,248 | €6,187 | +€10,435 | |
| Amounts payable | 17/49 | €3,125 | €58,697 | +€55,572 | +1,778% |
| Amounts payable after more than one year | 17 | - | €27,187 | +€27,187 | |
| Financial debts | 170/4 | - | €27,187 | +€27,187 | |
| Amounts payable within one year | 42/48 | €3,125 | €31,510 | +€28,385 | +908% |
| Current portion of amounts payable after more than one year | 42 | - | €13,921 | +€13,921 | |
| Trade debts | 44 | - | €11,176 | +€11,176 | |
| Suppliers | 440/4 | - | €11,176 | +€11,176 | |
| Taxes, remuneration and social security | 45 | €3,125 | €6,412 | +€3,287 | +105% |
| Taxes | 450/3 | €3,125 | €6,412 | +€3,287 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €2,693 | +€955 | +54.9% |
| Other operating charges | 640/8 | €821 | €2,736 | +€1,914 | +233% |
| Gross operating margin | 9900 | €14,950 | €11,813 | -€3,136 | -21.0% |
| Operating profit (loss) | 9901 | €12,390 | €6,385 | -€6,006 | -48.5% |
| Financial income | 75/76B | €277 | €9,869 | +€9,592 | +3,464% |
| Recurring financial income | 75 | €277 | €1,181 | +€904 | +326% |
| Non-recurring financial income | 76B | - | €8,688 | +€8,688 | |
| Financial charges | 65/66B | €1,183 | €672 | -€511 | -43.2% |
| Recurring financial charges | 65 | €1,183 | €672 | -€511 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €11,484 | €15,582 | +€4,098 | +35.7% |
| Income taxes | 67/77 | €403 | €5,147 | +€4,744 | +1,178% |
| Profit (loss) for the period | 9904 | €11,081 | €10,435 | -€646 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,081 | €10,435 | -€646 | -5.8% |
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 22 October 2026 via checked.be.