ARAVYS: 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.
ARAVYS
Largest movements
- Tangible fixed assets -€10,911
down €10,911 (-14.2%), from €76,816 to €65,905
of which Leasing and similar rights: -€10,911
- Current investments -€8,709
down €8,709 (-16.4%), from €53,100 to €44,391
- Cash -€5,400
down €5,400 (-50.4%), from €10,725 to €5,325
mainly Net result for the year (-€23,779) and Deferred charges and accrued income (-€849)
- Reserves -€23,779
down €23,779 (-37.0%), from €64,270 to €40,492
of which Distributable reserves: -€23,779
- Gross operating margin -€9,115
down €9,115, from €6,064 to -€3,051
- Financial charges -€3,205
down €3,205 (-50.8%), from €6,310 to €3,105
- Financial income +€480
up €480 (+81.9%), from €586 to €1,066
- Taxes -€362
down €362, from €181 to -€181
- Other operating charges -€184
down €184 (-2.3%), from €8,144 to €7,959
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 | €140,641 | €116,636 | -€24,005 | -17.1% |
| Fixed assets | 21/28 | €76,816 | €65,905 | -€10,911 | -14.2% |
| Tangible fixed assets | 22/27 | €76,816 | €65,905 | -€10,911 | -14.2% |
| Land and buildings | 22 | €17,353 | €17,353 | = | 0.0% |
| Leasing and similar rights | 25 | €59,463 | €48,552 | -€10,911 | -18.3% |
| Current assets | 29/58 | €63,825 | €50,731 | -€13,094 | -20.5% |
| Amounts receivable within one year | 40/41 | - | €167 | +€167 | |
| Other amounts receivable | 41 | - | €167 | +€167 | |
| Current investments | 50/53 | €53,100 | €44,391 | -€8,709 | -16.4% |
| Cash at bank and in hand | 54/58 | €10,725 | €5,325 | -€5,400 | -50.4% |
| Deferred charges and accrued income | 490/1 | - | €849 | +€849 | |
| Total equity and liabilities | 10/49 | €140,641 | €116,636 | -€24,005 | -17.1% |
| Equity | 10/15 | €82,870 | €59,092 | -€23,779 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,270 | €40,492 | -€23,779 | -37.0% |
| Tax-exempt reserves | 132 | €9,885 | €9,885 | = | 0.0% |
| Distributable reserves | 133 | €54,385 | €30,606 | -€23,779 | -43.7% |
| Amounts payable | 17/49 | €57,771 | €57,545 | -€226 | -0.4% |
| Amounts payable within one year | 42/48 | €57,771 | €57,545 | -€226 | -0.4% |
| Trade debts | 44 | €1,283 | €1,091 | -€191 | -14.9% |
| Suppliers | 440/4 | €1,283 | €1,091 | -€191 | -14.9% |
| Taxes, remuneration and social security | 45 | €377 | €342 | -€35 | -9.3% |
| Taxes | 450/3 | €377 | €342 | -€35 | -9.3% |
| Other amounts payable | 47/48 | €56,112 | €56,112 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,907 | €10,911 | +€4 | 0.0% |
| Other operating charges | 640/8 | €8,144 | €7,959 | -€184 | -2.3% |
| Gross operating margin | 9900 | €6,064 | -€3,051 | -€9,115 | |
| Operating profit (loss) | 9901 | -€12,986 | -€21,921 | -€8,935 | -68.8% |
| Financial income | 75/76B | €586 | €1,066 | +€480 | +81.9% |
| Recurring financial income | 75 | €586 | €1,066 | +€480 | +81.9% |
| Financial charges | 65/66B | €6,310 | €3,105 | -€3,205 | -50.8% |
| Recurring financial charges | 65 | €6,310 | €3,105 | -€3,205 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,710 | -€23,960 | -€5,250 | -28.1% |
| Income taxes | 67/77 | €181 | -€181 | -€362 | |
| Profit (loss) for the period | 9904 | -€18,891 | -€23,779 | -€4,887 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,891 | -€23,779 | -€4,887 | -25.9% |
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 4 October 2026 via checked.be.