ARAZU: 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.
ARAZU
Largest movements
- Tangible fixed assets -€41,583
down €41,583 (-13.7%), from €303,823 to €262,240
of which Furniture and vehicles: -€28,975
- Receivables within one year -€29,788
down €29,788 (-4.5%), from €667,954 to €638,166
- Profit (loss) carried forward -€43,760
down €43,760 (-17.9%), from -€244,407 to -€288,167
- Debts after one year -€27,775
down €27,775 (-12.1%), from €229,164 to €201,389
- Gross operating margin -€10,549
down €10,549 (-85.0%), from -€12,417 to -€22,966
- Financial income -€5,450
down €5,450 (-13.7%), from €39,762 to €34,312
- Depreciation -€2,418
down €2,418 (-5.5%), from €44,001 to €41,583
- Financial charges -€985
down €985 (-9.8%), from €10,070 to €9,085
- Other operating charges +€967
up €967 (+27.9%), from €3,471 to €4,438
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 | €971,856 | €901,343 | -€70,513 | -7.3% |
| Fixed assets | 21/28 | €303,823 | €262,240 | -€41,583 | -13.7% |
| Tangible fixed assets | 22/27 | €303,823 | €262,240 | -€41,583 | -13.7% |
| Land and buildings | 22 | €258,786 | €248,103 | -€10,683 | -4.1% |
| Plant, machinery and equipment | 23 | €1,175 | - | -€1,175 | |
| Furniture and vehicles | 24 | €38,425 | €9,450 | -€28,975 | -75.4% |
| Other tangible fixed assets | 26 | €5,437 | €4,687 | -€750 | -13.8% |
| Current assets | 29/58 | €668,033 | €639,103 | -€28,930 | -4.3% |
| Amounts receivable within one year | 40/41 | €667,954 | €638,166 | -€29,788 | -4.5% |
| Other amounts receivable | 41 | €667,954 | €638,166 | -€29,788 | -4.5% |
| Cash at bank and in hand | 54/58 | €79 | €937 | +€858 | +1086.1% |
| Total equity and liabilities | 10/49 | €971,856 | €901,343 | -€70,513 | -7.3% |
| Equity | 10/15 | €451,958 | €408,198 | -€43,760 | -9.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €634,392 | €634,392 | = | 0.0% |
| Tax-exempt reserves | 132 | €634,392 | €634,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,407 | -€288,167 | -€43,760 | -17.9% |
| Provisions and deferred taxes | 16 | €262,481 | €262,481 | = | 0.0% |
| Deferred taxes | 168 | €262,481 | €262,481 | = | 0.0% |
| Amounts payable | 17/49 | €257,417 | €230,664 | -€26,753 | -10.4% |
| Amounts payable after more than one year | 17 | €229,164 | €201,389 | -€27,775 | -12.1% |
| Financial debts | 170/4 | €229,164 | €201,389 | -€27,775 | -12.1% |
| Amounts payable within one year | 42/48 | €28,253 | €29,275 | +€1,022 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €26,753 | €27,775 | +€1,022 | +3.8% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,001 | €41,583 | -€2,418 | -5.5% |
| Other operating charges | 640/8 | €3,471 | €4,438 | +€967 | +27.9% |
| Gross operating margin | 9900 | -€12,417 | -€22,966 | -€10,549 | -85.0% |
| Operating profit (loss) | 9901 | -€59,889 | -€68,987 | -€9,098 | -15.2% |
| Financial income | 75/76B | €39,762 | €34,312 | -€5,450 | -13.7% |
| Recurring financial income | 75 | €39,762 | €34,312 | -€5,450 | -13.7% |
| Financial charges | 65/66B | €10,070 | €9,085 | -€985 | -9.8% |
| Recurring financial charges | 65 | €10,070 | €9,085 | -€985 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,197 | -€43,760 | -€13,563 | -44.9% |
| Profit (loss) for the period | 9904 | -€30,197 | -€43,760 | -€13,563 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,197 | -€43,760 | -€13,563 | -44.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.