Areadh: 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.
Areadh
Largest movements
- Cash +€12,218
up €12,218 (+38.3%), from €31,920 to €44,138
mainly Net result for the year (+€84,866) and Other debts (+€45,613)
- Tangible fixed assets -€11,216
down €11,216 (-4.3%), from €257,973 to €246,757
of which Land and buildings: -€15,287
- Other debts +€45,613
up €45,613 (+32.8%), from €139,211 to €184,824
- Debts after one year -€32,598
down €32,598 (-34.7%), from €93,981 to €61,383
- Current portion of long-term debt -€10,611
down €10,611 (-24.6%), from €43,209 to €32,598
- Gross operating margin +€5,366
up €5,366 (+3.9%), from €137,351 to €142,717
- Financial charges -€2,571
down €2,571 (-44.2%), from €5,822 to €3,251
- Taxes +€2,309
up €2,309 (+10.7%), from €21,519 to €23,829
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 | €303,736 | €302,109 | -€1,627 | -0.5% |
| Fixed assets | 21/28 | €257,973 | €246,757 | -€11,216 | -4.3% |
| Tangible fixed assets | 22/27 | €257,973 | €246,757 | -€11,216 | -4.3% |
| Land and buildings | 22 | €256,937 | €241,650 | -€15,287 | -5.9% |
| Furniture and vehicles | 24 | €1,036 | €5,107 | +€4,071 | +392.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €45,763 | €55,352 | +€9,589 | +21.0% |
| Amounts receivable within one year | 40/41 | €6,998 | €5,287 | -€1,711 | -24.4% |
| Trade receivables | 40 | - | €635 | +€635 | |
| Other amounts receivable | 41 | €6,998 | €4,652 | -€2,346 | -33.5% |
| Cash at bank and in hand | 54/58 | €31,920 | €44,138 | +€12,218 | +38.3% |
| Deferred charges and accrued income | 490/1 | €6,846 | €5,926 | -€919 | -13.4% |
| Total equity and liabilities | 10/49 | €303,736 | €302,109 | -€1,627 | -0.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €285,136 | €283,509 | -€1,627 | -0.6% |
| Amounts payable after more than one year | 17 | €93,981 | €61,383 | -€32,598 | -34.7% |
| Financial debts | 170/4 | €93,981 | €61,383 | -€32,598 | -34.7% |
| Amounts payable within one year | 42/48 | €189,227 | €222,126 | +€32,900 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €43,209 | €32,598 | -€10,611 | -24.6% |
| Trade debts | 44 | €6,807 | €4,705 | -€2,102 | -30.9% |
| Suppliers | 440/4 | €6,807 | €4,705 | -€2,102 | -30.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €139,211 | €184,824 | +€45,613 | +32.8% |
| Accrued charges and deferred income | 492/3 | €1,929 | €0 | -€1,929 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,147 | €28,197 | +€1,050 | +3.9% |
| Other operating charges | 640/8 | €2,729 | €2,575 | -€154 | -5.6% |
| Gross operating margin | 9900 | €137,351 | €142,717 | +€5,366 | +3.9% |
| Operating profit (loss) | 9901 | €107,475 | €111,945 | +€4,470 | +4.2% |
| Financial charges | 65/66B | €5,822 | €3,251 | -€2,571 | -44.2% |
| Recurring financial charges | 65 | €5,822 | €3,251 | -€2,571 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €101,653 | €108,695 | +€7,041 | +6.9% |
| Income taxes | 67/77 | €21,519 | €23,829 | +€2,309 | +10.7% |
| Profit (loss) for the period | 9904 | €80,134 | €84,866 | +€4,732 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,134 | €84,866 | +€4,732 | +5.9% |
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 30 September 2026 via checked.be.