Arat: 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.
Arat
Largest movements
- Cash +€53,985
up €53,985 (+784.3%), from €6,883 to €60,869
mainly Depreciation (+€87,509) and Debts after one year (+€33,872)
- Receivables within one year +€3,270
up €3,270 (+14.2%), from €23,092 to €26,362
of which Other amounts receivable: +€7,500
- Debts after one year +€33,872
up €33,872 (+72.1%), from €46,999 to €80,871
- Trade debts -€21,619
down €21,619 (-33.6%), from €64,274 to €42,656
- Other debts +€18,590
up €18,590 (+46.7%), from €39,787 to €58,376
- Current portion of long-term debt +€14,374
up €14,374 (+86.0%), from €16,721 to €31,095
- Tax, wage and social debts +€9,239
up €9,239 (+175.6%), from €5,262 to €14,501
of which Taxes: +€10,746
- Gross operating margin +€90,465
up €90,465 (+128.7%), from €70,287 to €160,751
- Staff costs +€51,008
up €51,008 (+712.0%), from €7,164 to €58,173
- Depreciation +€35,031
up €35,031 (+66.8%), from €52,477 to €87,509
- Financial charges +€8,020
up €8,020 (+490.8%), from €1,634 to €9,654
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.
Cash bridge derived
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 | €200,892 | €256,843 | +€55,951 | +27.9% |
| Fixed assets | 21/28 | €170,916 | €168,612 | -€2,304 | -1.3% |
| Tangible fixed assets | 22/27 | €170,916 | €168,612 | -€2,304 | -1.3% |
| Plant, machinery and equipment | 23 | €128,042 | €141,106 | +€13,064 | +10.2% |
| Furniture and vehicles | 24 | €42,874 | €27,507 | -€15,368 | -35.8% |
| Current assets | 29/58 | €29,976 | €88,231 | +€58,255 | +194.3% |
| Amounts receivable within one year | 40/41 | €23,092 | €26,362 | +€3,270 | +14.2% |
| Trade receivables | 40 | €23,092 | €18,862 | -€4,230 | -18.3% |
| Other amounts receivable | 41 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €6,883 | €60,869 | +€53,985 | +784.3% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €200,892 | €256,843 | +€55,951 | +27.9% |
| Equity | 10/15 | €27,848 | €29,343 | +€1,495 | +5.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,848 | €26,343 | +€1,495 | +6.0% |
| Amounts payable | 17/49 | €173,043 | €227,500 | +€54,457 | +31.5% |
| Amounts payable after more than one year | 17 | €46,999 | €80,871 | +€33,872 | +72.1% |
| Financial debts | 170/4 | €46,999 | €80,871 | +€33,872 | +72.1% |
| Amounts payable within one year | 42/48 | €126,044 | €146,629 | +€20,584 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €16,721 | €31,095 | +€14,374 | +86.0% |
| Trade debts | 44 | €64,274 | €42,656 | -€21,619 | -33.6% |
| Suppliers | 440/4 | €64,274 | €42,656 | -€21,619 | -33.6% |
| Taxes, remuneration and social security | 45 | €5,262 | €14,501 | +€9,239 | +175.6% |
| Taxes | 450/3 | €3,755 | €14,501 | +€10,746 | +286.2% |
| Remuneration and social security | 454/9 | €1,508 | €0 | -€1,508 | -100.0% |
| Other amounts payable | 47/48 | €39,787 | €58,376 | +€18,590 | +46.7% |
| Remuneration, social security and pensions | 62 | €7,164 | €58,173 | +€51,008 | +712.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,477 | €87,509 | +€35,031 | +66.8% |
| Other operating charges | 640/8 | €2,383 | €2,805 | +€422 | +17.7% |
| Gross operating margin | 9900 | €70,287 | €160,751 | +€90,465 | +128.7% |
| Operating profit (loss) | 9901 | €8,262 | €12,265 | +€4,003 | +48.5% |
| Financial income | 75/76B | €0 | €1,197 | +€1,197 | +1496375.0% |
| Recurring financial income | 75 | €0 | €1,197 | +€1,197 | +1496375.0% |
| Financial charges | 65/66B | €1,634 | €9,654 | +€8,020 | +490.8% |
| Recurring financial charges | 65 | €1,634 | €9,654 | +€8,020 | +490.8% |
| Profit (loss) for the period before taxes | 9903 | €6,628 | €3,808 | -€2,820 | -42.5% |
| Income taxes | 67/77 | €3,235 | €2,313 | -€922 | -28.5% |
| Profit (loss) for the period | 9904 | €3,393 | €1,495 | -€1,898 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,393 | €1,495 | -€1,898 | -55.9% |
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 12 October 2026 via checked.be.