ARAS GROUP: 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.
ARAS GROUP
Largest movements
- Stocks and contracts +€90,170
up €90,170 (+39.3%), from €229,428 to €319,598
- Receivables within one year +€10,164
new in 2026: €10,164
- Cash -€7,779
down €7,779 (-99.7%), from €7,801 to €21
mainly Stocks and contracts (-€90,170) and Net result for the year (-€87,632)
- Trade debts +€180,187
up €180,187 (+100.6%), from €179,169 to €359,356
- Profit (loss) carried forward -€87,632
down €87,632, from €45,659 to -€41,972
- Gross operating margin -€106,448
down €106,448, from €25,539 to -€80,910
- Staff costs -€14,657
down €14,657 (-97.0%), from €15,116 to €460
- Taxes +€1,782
up €1,782 (+61.6%), from €2,894 to €4,676
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,632 | €329,784 | +€92,152 | +38.8% |
| Fixed assets | 21/28 | €403 | - | -€403 | |
| Tangible fixed assets | 22/27 | €403 | - | -€403 | |
| Furniture and vehicles | 24 | €403 | - | -€403 | |
| Current assets | 29/58 | €237,228 | €329,784 | +€92,555 | +39.0% |
| Stocks and contracts in progress | 3 | €229,428 | €319,598 | +€90,170 | +39.3% |
| Stocks | 30/36 | €229,428 | €319,598 | +€90,170 | +39.3% |
| Amounts receivable within one year | 40/41 | - | €10,164 | +€10,164 | |
| Other amounts receivable | 41 | - | €10,164 | +€10,164 | |
| Cash at bank and in hand | 54/58 | €7,801 | €21 | -€7,779 | -99.7% |
| Total equity and liabilities | 10/49 | €237,632 | €329,784 | +€92,152 | +38.8% |
| Equity | 10/15 | €58,059 | -€29,572 | -€87,632 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,659 | -€41,972 | -€87,632 | |
| Amounts payable | 17/49 | €179,572 | €359,356 | +€179,784 | +100.1% |
| Amounts payable within one year | 42/48 | €179,572 | €359,356 | +€179,784 | +100.1% |
| Trade debts | 44 | €179,169 | €359,356 | +€180,187 | +100.6% |
| Suppliers | 440/4 | €179,169 | €359,356 | +€180,187 | +100.6% |
| Taxes, remuneration and social security | 45 | €403 | - | -€403 | |
| Taxes | 450/3 | €403 | - | -€403 | |
| Remuneration, social security and pensions | 62 | €15,116 | €460 | -€14,657 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €403 | -€4 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €302 | - | -€302 | |
| Other operating charges | 640/8 | €1,155 | €822 | -€333 | -28.9% |
| Gross operating margin | 9900 | €25,539 | -€80,910 | -€106,448 | |
| Operating profit (loss) | 9901 | €8,557 | -€82,594 | -€91,152 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €442 | €371 | -€71 | -16.0% |
| Recurring financial charges | 65 | €442 | €371 | -€71 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €8,115 | -€82,956 | -€91,071 | |
| Income taxes | 67/77 | €2,894 | €4,676 | +€1,782 | +61.6% |
| Profit (loss) for the period | 9904 | €5,221 | -€87,632 | -€92,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,221 | -€87,632 | -€92,853 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.