ARATO: 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.
ARATO
Largest movements
- Receivables within one year +€14,931
up €14,931 (+88.6%), from €16,859 to €31,790
of which Other amounts receivable: +€11,599
- Cash -€3,780
down €3,780 (-48.2%), from €7,843 to €4,063
mainly Receivables within one year (-€14,931) and Debts after one year (-€10,121)
- Tangible fixed assets -€3,617
down €3,617 (-9.3%), from €39,006 to €35,389
of which Furniture and vehicles: -€7,048
- Reserves +€16,798
up €16,798 (+58.5%), from €28,698 to €45,496
of which Distributable reserves: +€16,798
- Debts after one year -€10,121
down €10,121 (-56.9%), from €17,776 to €7,655
- Current portion of long-term debt +€2,111
up €2,111 (+20.1%), from €10,510 to €12,621
- Depreciation -€5,180
down €5,180 (-36.2%), from €14,292 to €9,112
- Gross operating margin +€1,125
up €1,125 (+3.7%), from €30,708 to €31,833
- Financial charges -€654
down €654 (-66.5%), from €983 to €329
- Other operating charges +€526
up €526 (+87.2%), from €604 to €1,130
- Financial income -€392
down €392 (-99.9%), from €392 to €0
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 | €85,024 | €93,367 | +€8,343 | +9.8% |
| Fixed assets | 21/28 | €39,006 | €35,389 | -€3,617 | -9.3% |
| Tangible fixed assets | 22/27 | €39,006 | €35,389 | -€3,617 | -9.3% |
| Plant, machinery and equipment | 23 | €2,024 | €6,145 | +€4,121 | +203.6% |
| Furniture and vehicles | 24 | €34,223 | €27,175 | -€7,048 | -20.6% |
| Other tangible fixed assets | 26 | €2,759 | €2,069 | -€690 | -25.0% |
| Current assets | 29/58 | €46,018 | €57,978 | +€11,960 | +26.0% |
| Stocks and contracts in progress | 3 | €17,455 | €17,455 | = | 0.0% |
| Stocks | 30/36 | €17,455 | €17,455 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,859 | €31,790 | +€14,931 | +88.6% |
| Trade receivables | 40 | €11,043 | €14,375 | +€3,333 | +30.2% |
| Other amounts receivable | 41 | €5,816 | €17,415 | +€11,599 | +199.4% |
| Cash at bank and in hand | 54/58 | €7,843 | €4,063 | -€3,780 | -48.2% |
| Deferred charges and accrued income | 490/1 | €3,861 | €4,670 | +€809 | +20.9% |
| Total equity and liabilities | 10/49 | €85,024 | €93,367 | +€8,343 | +9.8% |
| Equity | 10/15 | €48,698 | €65,496 | +€16,798 | +34.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,698 | €45,496 | +€16,798 | +58.5% |
| Tax-exempt reserves | 132 | €1,654 | €1,654 | = | 0.0% |
| Distributable reserves | 133 | €27,044 | €43,842 | +€16,798 | +62.1% |
| Amounts payable | 17/49 | €36,326 | €27,871 | -€8,455 | -23.3% |
| Amounts payable after more than one year | 17 | €17,776 | €7,655 | -€10,121 | -56.9% |
| Financial debts | 170/4 | €17,776 | €7,655 | -€10,121 | -56.9% |
| Amounts payable within one year | 42/48 | €18,550 | €20,216 | +€1,666 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €10,510 | €12,621 | +€2,111 | +20.1% |
| Trade debts | 44 | €6,078 | €5,267 | -€811 | -13.3% |
| Suppliers | 440/4 | €6,078 | €5,267 | -€811 | -13.3% |
| Taxes, remuneration and social security | 45 | €1,962 | €2,328 | +€366 | +18.7% |
| Taxes | 450/3 | €514 | €858 | +€344 | +67.0% |
| Remuneration and social security | 454/9 | €1,448 | €1,470 | +€22 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,292 | €9,112 | -€5,180 | -36.2% |
| Other operating charges | 640/8 | €604 | €1,130 | +€526 | +87.2% |
| Gross operating margin | 9900 | €30,708 | €31,833 | +€1,125 | +3.7% |
| Operating profit (loss) | 9901 | €15,812 | €21,590 | +€5,778 | +36.5% |
| Financial income | 75/76B | €392 | €0 | -€392 | -99.9% |
| Recurring financial income | 75 | €392 | €0 | -€392 | -99.9% |
| Financial charges | 65/66B | €983 | €329 | -€654 | -66.5% |
| Recurring financial charges | 65 | €983 | €329 | -€654 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €15,221 | €21,261 | +€6,041 | +39.7% |
| Income taxes | 67/77 | €4,704 | €4,463 | -€241 | -5.1% |
| Profit (loss) for the period | 9904 | €10,516 | €16,798 | +€6,282 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,516 | €16,798 | +€6,282 | +59.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.