ARAYMAS: 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.
ARAYMAS
Largest movements
- Cash +€76,488
up €76,488 (+25.9%), from €295,029 to €371,517
mainly Net result for the year (+€99,735) and Trade debts (+€6,009)
- Tangible fixed assets +€6,143
up €6,143 (+125.4%), from €4,897 to €11,040
of which Furniture and vehicles: +€5,765
- Reserves +€74,546
up €74,546 (+27.2%), from €274,363 to €348,908
- Trade debts +€6,009
up €6,009 (+141.6%), from €4,244 to €10,253
- Other debts +€4,642
up €4,642 (+24.1%), from €19,287 to €23,930
- Gross operating margin +€29,824
up €29,824 (+24.5%), from €121,707 to €151,531
- Taxes +€8,933
up €8,933 (+25.5%), from €35,056 to €43,989
- Depreciation +€1,971
up €1,971 (+51.6%), from €3,824 to €5,795
- Financial income +€1,732
up €1,732 (+321.0%), from €540 to €2,272
- Other operating charges +€1,598
up €1,598 (+138.1%), from €1,157 to €2,756
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 | €363,639 | €451,233 | +€87,594 | +24.1% |
| Fixed assets | 21/28 | €4,897 | €11,040 | +€6,143 | +125.4% |
| Tangible fixed assets | 22/27 | €4,897 | €11,040 | +€6,143 | +125.4% |
| Plant, machinery and equipment | 23 | - | €1,707 | +€1,707 | |
| Furniture and vehicles | 24 | €3,533 | €9,298 | +€5,765 | +163.2% |
| Other tangible fixed assets | 26 | €1,364 | €35 | -€1,329 | -97.4% |
| Current assets | 29/58 | €358,742 | €440,193 | +€81,451 | +22.7% |
| Amounts receivable within one year | 40/41 | €60,598 | €63,156 | +€2,558 | +4.2% |
| Trade receivables | 40 | €17,891 | €39,685 | +€21,794 | +121.8% |
| Other amounts receivable | 41 | €42,707 | €23,471 | -€19,237 | -45.0% |
| Current investments | 50/53 | €3,114 | €3,114 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €295,029 | €371,517 | +€76,488 | +25.9% |
| Deferred charges and accrued income | 490/1 | - | €2,406 | +€2,406 | |
| Total equity and liabilities | 10/49 | €363,639 | €451,233 | +€87,594 | +24.1% |
| Equity | 10/15 | €305,610 | €380,156 | +€74,546 | +24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €274,363 | €348,908 | +€74,546 | +27.2% |
| Distributable reserves | 133 | €274,363 | €348,908 | +€74,546 | +27.2% |
| Profit (loss) carried forward | 14 | €25,048 | €25,048 | = | 0.0% |
| Amounts payable | 17/49 | €58,028 | €71,077 | +€13,049 | +22.5% |
| Amounts payable within one year | 42/48 | €58,028 | €71,077 | +€13,049 | +22.5% |
| Financial debts | 43 | €5,115 | €6,374 | +€1,259 | +24.6% |
| Credit institutions | 430/8 | €5,115 | €6,374 | +€1,259 | +24.6% |
| Trade debts | 44 | €4,244 | €10,253 | +€6,009 | +141.6% |
| Suppliers | 440/4 | €4,244 | €10,253 | +€6,009 | +141.6% |
| Taxes, remuneration and social security | 45 | €29,382 | €30,521 | +€1,138 | +3.9% |
| Taxes | 450/3 | €29,382 | €30,521 | +€1,138 | +3.9% |
| Other amounts payable | 47/48 | €19,287 | €23,930 | +€4,642 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,824 | €5,795 | +€1,971 | +51.6% |
| Other operating charges | 640/8 | €1,157 | €2,756 | +€1,598 | +138.1% |
| Gross operating margin | 9900 | €121,707 | €151,531 | +€29,824 | +24.5% |
| Operating profit (loss) | 9901 | €116,726 | €142,980 | +€26,254 | +22.5% |
| Financial income | 75/76B | €540 | €2,272 | +€1,732 | +321.0% |
| Recurring financial income | 75 | €540 | €2,272 | +€1,732 | +321.0% |
| Financial charges | 65/66B | €1,526 | €1,528 | +€2 | +0.1% |
| Recurring financial charges | 65 | €1,526 | €1,528 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €115,739 | €143,724 | +€27,984 | +24.2% |
| Income taxes | 67/77 | €35,056 | €43,989 | +€8,933 | +25.5% |
| Profit (loss) for the period | 9904 | €80,683 | €99,735 | +€19,051 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,683 | €99,735 | +€19,051 | +23.6% |
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 7 October 2026 via checked.be.