AREALIS: 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.
AREALIS
Largest movements
- Current investments -€203,952
down €203,952 (-66.6%), from €306,155 to €102,203
- Cash -€48,432
down €48,432 (-90.4%), from €53,556 to €5,124
mainly Contributions, distributions and other (-€361,846) and Tax, wage and social debts (-€1,463)
- Reserves -€253,577
down €253,577 (-70.1%), from €361,846 to €108,270
- Gross operating margin +€19,990
up €19,990 (+16.8%), from €118,749 to €138,739
- Taxes +€4,167
up €4,167 (+15.5%), from €26,797 to €30,964
- Financial income -€2,094
down €2,094 (-50.8%), from €4,121 to €2,027
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 | €376,976 | €123,251 | -€253,725 | -67.3% |
| Current assets | 29/58 | €376,976 | €123,251 | -€253,725 | -67.3% |
| Amounts receivable within one year | 40/41 | €17,264 | €15,924 | -€1,341 | -7.8% |
| Trade receivables | 40 | €16,426 | €15,924 | -€502 | -3.1% |
| Other amounts receivable | 41 | €839 | €0 | -€839 | -100.0% |
| Current investments | 50/53 | €306,155 | €102,203 | -€203,952 | -66.6% |
| Cash at bank and in hand | 54/58 | €53,556 | €5,124 | -€48,432 | -90.4% |
| Total equity and liabilities | 10/49 | €376,976 | €123,251 | -€253,725 | -67.3% |
| Equity | 10/15 | €361,846 | €108,270 | -€253,577 | -70.1% |
| Reserves | 13 | €361,846 | €108,270 | -€253,577 | -70.1% |
| Distributable reserves | 133 | €361,846 | €108,270 | -€253,577 | -70.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,130 | €14,981 | -€148 | -1.0% |
| Amounts payable within one year | 42/48 | €15,130 | €14,981 | -€148 | -1.0% |
| Financial debts | 43 | €1,180 | €304 | -€876 | -74.3% |
| Credit institutions | 430/8 | €1,180 | €304 | -€876 | -74.3% |
| Trade debts | 44 | €1,293 | €3,452 | +€2,159 | +167.0% |
| Suppliers | 440/4 | €1,293 | €3,452 | +€2,159 | +167.0% |
| Taxes, remuneration and social security | 45 | €12,657 | €11,194 | -€1,463 | -11.6% |
| Taxes | 450/3 | €12,657 | €11,194 | -€1,463 | -11.6% |
| Other amounts payable | 47/48 | €0 | €31 | +€31 | |
| Other operating charges | 640/8 | €1,673 | €1,266 | -€408 | -24.4% |
| Gross operating margin | 9900 | €118,749 | €138,739 | +€19,990 | +16.8% |
| Operating profit (loss) | 9901 | €117,076 | €137,473 | +€20,397 | +17.4% |
| Financial income | 75/76B | €4,121 | €2,027 | -€2,094 | -50.8% |
| Recurring financial income | 75 | €4,121 | €2,027 | -€2,094 | -50.8% |
| Financial charges | 65/66B | €165 | €267 | +€102 | +61.6% |
| Recurring financial charges | 65 | €165 | €267 | +€102 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €121,031 | €139,233 | +€18,202 | +15.0% |
| Income taxes | 67/77 | €26,797 | €30,964 | +€4,167 | +15.5% |
| Profit (loss) for the period | 9904 | €94,234 | €108,270 | +€14,035 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €94,234 | €108,270 | +€14,035 | +14.9% |
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 5 October 2026 via checked.be.