ARATT: 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.
ARATT
Largest movements
- Receivables within one year +€35,094
up €35,094 (+19.4%), from €180,602 to €215,696
of which Trade receivables: +€24,725
- Deferred charges and accrued income +€4,450
up €4,450 (+215.9%), from €2,061 to €6,511
- Cash -€3,451
down €3,451 (-12.1%), from €28,490 to €25,039
mainly Receivables within one year (-€35,094) and Deferred charges and accrued income (-€4,450)
- Reserves +€27,000
up €27,000 (+96.9%), from €27,860 to €54,860
- Trade debts +€5,777
up €5,777 (+16.8%), from €34,360 to €40,137
- Tax, wage and social debts +€3,888
up €3,888 (+16.5%), from €23,618 to €27,505
of which Taxes: +€7,256
- Gross operating margin +€12,338
up €12,338 (+33.5%), from €36,807 to €49,144
- Taxes +€6,814
up €6,814 (+75.7%), from €8,995 to €15,809
- Other operating charges +€2,099
up €2,099 (+71.8%), from €2,924 to €5,023
- Staff costs -€1,594
no longer reported in 2025 (was €1,594)
- Financial charges +€1,037
up €1,037 (+15.2%), from €6,819 to €7,856
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 | €218,767 | €253,267 | +€34,500 | +15.8% |
| Fixed assets | 21/28 | €7,614 | €6,021 | -€1,593 | -20.9% |
| Tangible fixed assets | 22/27 | €7,104 | €5,511 | -€1,593 | -22.4% |
| Plant, machinery and equipment | 23 | €5,278 | €4,055 | -€1,223 | -23.2% |
| Other tangible fixed assets | 26 | €1,826 | €1,456 | -€371 | -20.3% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €211,153 | €247,246 | +€36,093 | +17.1% |
| Amounts receivable within one year | 40/41 | €180,602 | €215,696 | +€35,094 | +19.4% |
| Trade receivables | 40 | €28,485 | €53,211 | +€24,725 | +86.8% |
| Other amounts receivable | 41 | €152,117 | €162,486 | +€10,369 | +6.8% |
| Cash at bank and in hand | 54/58 | €28,490 | €25,039 | -€3,451 | -12.1% |
| Deferred charges and accrued income | 490/1 | €2,061 | €6,511 | +€4,450 | +215.9% |
| Total equity and liabilities | 10/49 | €218,767 | €253,267 | +€34,500 | +15.8% |
| Equity | 10/15 | €158,293 | €185,625 | +€27,332 | +17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,860 | €54,860 | +€27,000 | +96.9% |
| Distributable reserves | 133 | €27,860 | €54,860 | +€27,000 | +96.9% |
| Profit (loss) carried forward | 14 | €118,033 | €118,365 | +€332 | +0.3% |
| Amounts payable | 17/49 | €60,474 | €67,642 | +€7,168 | +11.9% |
| Amounts payable within one year | 42/48 | €57,978 | €67,642 | +€9,664 | +16.7% |
| Trade debts | 44 | €34,360 | €40,137 | +€5,777 | +16.8% |
| Suppliers | 440/4 | €34,360 | €40,137 | +€5,777 | +16.8% |
| Taxes, remuneration and social security | 45 | €23,618 | €27,505 | +€3,888 | +16.5% |
| Taxes | 450/3 | €20,167 | €27,423 | +€7,256 | +36.0% |
| Remuneration and social security | 454/9 | €3,451 | €82 | -€3,369 | -97.6% |
| Accrued charges and deferred income | 492/3 | €2,496 | - | -€2,496 | |
| Remuneration, social security and pensions | 62 | €1,594 | - | -€1,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €1,593 | +€334 | +26.5% |
| Other operating charges | 640/8 | €2,924 | €5,023 | +€2,099 | +71.8% |
| Gross operating margin | 9900 | €36,807 | €49,144 | +€12,338 | +33.5% |
| Operating profit (loss) | 9901 | €31,030 | €42,528 | +€11,499 | +37.1% |
| Financial income | 75/76B | €9,065 | €8,468 | -€597 | -6.6% |
| Recurring financial income | 75 | €9,065 | €8,468 | -€597 | -6.6% |
| Financial charges | 65/66B | €6,819 | €7,856 | +€1,037 | +15.2% |
| Recurring financial charges | 65 | €6,819 | €7,856 | +€1,037 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €33,276 | €43,141 | +€9,865 | +29.6% |
| Income taxes | 67/77 | €8,995 | €15,809 | +€6,814 | +75.7% |
| Profit (loss) for the period | 9904 | €24,281 | €27,332 | +€3,051 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,281 | €27,332 | +€3,051 | +12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.