ARAS19: 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.
ARAS19
Largest movements
- Tangible fixed assets -€10,449
down €10,449 (-24.0%), from €43,488 to €33,039
of which Furniture and vehicles: -€7,488
- Cash -€10,231
down €10,231 (-40.5%), from €25,269 to €15,038
mainly Net result for the year (-€18,889) and Other debts (-€4,427)
- Intangible fixed assets -€2,000
down €2,000 (-14.2%), from €14,115 to €12,115
- Deferred charges and accrued income +€1,156
new in 2025: €1,156
- Profit (loss) carried forward -€69,129
down €69,129, from €50,240 to -€18,889
- Reserves +€50,240
up €50,240 (+382%), from €13,143 to €63,383
- Trade debts +€10,163
up €10,163 (+1,337%), from €760 to €10,923
- Other debts -€4,427
down €4,427 (-48.0%), from €9,215 to €4,788
- Debts after one year -€4,158
down €4,158 (-85.6%), from €4,860 to €702
- Taxes +€20,238
new in 2025: €20,238
- Gross operating margin -€6,327
down €6,327 (-20.7%), from €30,498 to €24,171
- Other operating charges +€4,635
up €4,635 (+263%), from €1,765 to €6,400
- Financial charges +€849
up €849 (+27.0%), from €3,141 to €3,990
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 | €96,088 | €75,065 | -€21,023 | -21.9% |
| Fixed assets | 21/28 | €57,603 | €45,155 | -€12,449 | -21.6% |
| Intangible fixed assets | 21 | €14,115 | €12,115 | -€2,000 | -14.2% |
| Tangible fixed assets | 22/27 | €43,488 | €33,039 | -€10,449 | -24.0% |
| Plant, machinery and equipment | 23 | €16,783 | €13,823 | -€2,960 | -17.6% |
| Furniture and vehicles | 24 | €26,705 | €19,217 | -€7,488 | -28.0% |
| Current assets | 29/58 | €38,485 | €29,910 | -€8,574 | -22.3% |
| Stocks and contracts in progress | 3 | €9,727 | €9,814 | +€87 | +0.9% |
| Stocks | 30/36 | €9,727 | €9,814 | +€87 | +0.9% |
| Amounts receivable within one year | 40/41 | €3,488 | €3,902 | +€414 | +11.9% |
| Trade receivables | 40 | €23 | €1,006 | +€983 | +4,322% |
| Other amounts receivable | 41 | €3,465 | €2,896 | -€569 | -16.4% |
| Cash at bank and in hand | 54/58 | €25,269 | €15,038 | -€10,231 | -40.5% |
| Deferred charges and accrued income | 490/1 | - | €1,156 | +€1,156 | |
| Total equity and liabilities | 10/49 | €96,088 | €75,065 | -€21,023 | -21.9% |
| Equity | 10/15 | €73,383 | €54,494 | -€18,889 | -25.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €13,143 | €63,383 | +€50,240 | +382% |
| Distributable reserves | 133 | €13,143 | €63,383 | +€50,240 | +382% |
| Profit (loss) carried forward | 14 | €50,240 | -€18,889 | -€69,129 | |
| Amounts payable | 17/49 | €22,705 | €20,571 | -€2,134 | -9.4% |
| Amounts payable after more than one year | 17 | €4,860 | €702 | -€4,158 | -85.6% |
| Financial debts | 170/4 | €4,860 | €702 | -€4,158 | -85.6% |
| Amounts payable within one year | 42/48 | €17,845 | €19,869 | +€2,024 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €4,070 | €4,158 | +€88 | +2.2% |
| Trade debts | 44 | €760 | €10,923 | +€10,163 | +1,337% |
| Suppliers | 440/4 | €760 | €10,923 | +€10,163 | +1,337% |
| Taxes, remuneration and social security | 45 | €3,800 | - | -€3,800 | |
| Remuneration and social security | 454/9 | €3,800 | - | -€3,800 | |
| Other amounts payable | 47/48 | €9,215 | €4,788 | -€4,427 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,449 | €12,449 | = | 0.0% |
| Other operating charges | 640/8 | €1,765 | €6,400 | +€4,635 | +263% |
| Gross operating margin | 9900 | €30,498 | €24,171 | -€6,327 | -20.7% |
| Operating profit (loss) | 9901 | €16,284 | €5,322 | -€10,962 | -67.3% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €3,141 | €3,990 | +€849 | +27.0% |
| Recurring financial charges | 65 | €3,141 | €3,990 | +€849 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €13,143 | €1,349 | -€11,794 | -89.7% |
| Income taxes | 67/77 | - | €20,238 | +€20,238 | |
| Profit (loss) for the period | 9904 | €13,143 | -€18,889 | -€32,032 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,143 | -€18,889 | -€32,032 |
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 15 October 2026 via checked.be.