ARAX Projectontwikkeling: 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.
ARAX Projectontwikkeling
Largest movements
- Stocks and contracts +€322,623
up €322,623 (+34.6%), from €932,948 to €1.3m
- Receivables within one year +€53,062
new in 2025: €53,062
of which Trade receivables: +€52,709
- Cash +€16,719
up €16,719 (+31.3%), from €53,478 to €70,196
mainly Current portion of long-term debt (+€370,348) and Other debts (+€68,779)
- Current portion of long-term debt +€370,348
up €370,348 (+39.6%), from €935,997 to €1.3m
- Other debts +€68,779
up €68,779 (+2,701%), from €2,547 to €71,326
- Contributions -€40,000
down €40,000 (-80.0%), from €50,000 to €10,000
- Gross operating margin +€51,926
up €51,926 (+106%), from €48,862 to €100,788
- Financial charges +€32,355
up €32,355 (+95.6%), from €33,830 to €66,185
- Taxes +€3,648
new in 2025: €3,648
- Depreciation +€1,871
up €1,871 (+25.4%), from €7,365 to €9,236
- Other operating charges +€1,575
up €1,575 (+39.4%), from €3,999 to €5,573
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 | €1,025,523 | €1,407,541 | +€382,019 | +37.3% |
| Fixed assets | 21/28 | €37,569 | €28,334 | -€9,236 | -24.6% |
| Tangible fixed assets | 22/27 | €37,569 | €28,334 | -€9,236 | -24.6% |
| Plant, machinery and equipment | 23 | €1,064 | €726 | -€338 | -31.8% |
| Furniture and vehicles | 24 | €10,109 | €7,916 | -€2,193 | -21.7% |
| Leasing and similar rights | 25 | €26,397 | €19,692 | -€6,705 | -25.4% |
| Current assets | 29/58 | €987,953 | €1,379,208 | +€391,254 | +39.6% |
| Stocks and contracts in progress | 3 | €932,948 | €1,255,571 | +€322,623 | +34.6% |
| Stocks | 30/36 | €932,948 | €1,255,571 | +€322,623 | +34.6% |
| Amounts receivable within one year | 40/41 | - | €53,062 | +€53,062 | |
| Trade receivables | 40 | - | €52,709 | +€52,709 | |
| Other amounts receivable | 41 | - | €352 | +€352 | |
| Cash at bank and in hand | 54/58 | €53,478 | €70,196 | +€16,719 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,528 | €379 | -€1,149 | -75.2% |
| Total equity and liabilities | 10/49 | €1,025,523 | €1,407,541 | +€382,019 | +37.3% |
| Equity | 10/15 | €51,420 | €10,000 | -€41,420 | -80.6% |
| Contributions | 10/11 | €50,000 | €10,000 | -€40,000 | -80.0% |
| Reserves | 13 | €1,420 | €0 | -€1,420 | -100% |
| Distributable reserves | 133 | €1,420 | €0 | -€1,420 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €974,102 | €1,397,541 | +€423,439 | +43.5% |
| Amounts payable after more than one year | 17 | €21,926 | €15,616 | -€6,310 | -28.8% |
| Financial debts | 170/4 | €21,926 | €15,616 | -€6,310 | -28.8% |
| Amounts payable within one year | 42/48 | €952,176 | €1,381,925 | +€429,749 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €935,997 | €1,306,345 | +€370,348 | +39.6% |
| Trade debts | 44 | €11,781 | €0 | -€11,781 | -100% |
| Suppliers | 440/4 | €11,781 | €0 | -€11,781 | -100% |
| Taxes, remuneration and social security | 45 | €1,852 | €4,254 | +€2,402 | +130% |
| Taxes | 450/3 | €52 | €4,254 | +€4,202 | +8,100% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100% |
| Other amounts payable | 47/48 | €2,547 | €71,326 | +€68,779 | +2,701% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,365 | €9,236 | +€1,871 | +25.4% |
| Other operating charges | 640/8 | €3,999 | €5,573 | +€1,575 | +39.4% |
| Gross operating margin | 9900 | €48,862 | €100,788 | +€51,926 | +106% |
| Operating profit (loss) | 9901 | €37,499 | €85,980 | +€48,481 | +129% |
| Financial income | 75/76B | €358 | €0 | -€358 | -100.0% |
| Recurring financial income | 75 | €358 | €0 | -€358 | -100.0% |
| Financial charges | 65/66B | €33,830 | €66,185 | +€32,355 | +95.6% |
| Recurring financial charges | 65 | €33,830 | €66,185 | +€32,355 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €4,027 | €19,794 | +€15,768 | +392% |
| Income taxes | 67/77 | - | €3,648 | +€3,648 | |
| Profit (loss) for the period | 9904 | €4,027 | €16,147 | +€12,120 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €4,027 | €16,147 | +€12,120 | +301% |
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 31 October 2026 via checked.be.