AREHA CONCEPT: 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.
AREHA CONCEPT
Largest movements
- Cash +€101,478
up €101,478 (+27.3%), from €371,432 to €472,910
mainly Other debts (+€118,909) and Trade debts (+€117,820)
- Receivables within one year -€58,968
down €58,968 (-38.4%), from €153,479 to €94,511
of which Trade receivables: -€58,787
- Advances received -€213,142
no longer reported in 2025 (was €213,142)
- Other debts +€118,909
up €118,909 (+654%), from €18,181 to €137,090
- Trade debts +€117,820
up €117,820 (+51.1%), from €230,581 to €348,401
- Tax, wage and social debts +€40,298
up €40,298 (+531%), from €7,585 to €47,883
of which Taxes: +€36,923
- Profit (loss) carried forward -€19,533
down €19,533 (-45.1%), from €43,335 to €23,802
- Gross operating margin +€160,621
up €160,621 (+214%), from €75,160 to €235,781
- Taxes +€35,967
up €35,967 (+2,023%), from €1,778 to €37,745
- Staff costs +€35,327
up €35,327 (+63.2%), from €55,941 to €91,269
- Write-downs -€8,249
no longer reported in 2025 (was €8,249)
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 | €539,762 | €580,615 | +€40,853 | +7.6% |
| Fixed assets | 21/28 | €13,401 | €10,937 | -€2,463 | -18.4% |
| Tangible fixed assets | 22/27 | €12,672 | €10,208 | -€2,463 | -19.4% |
| Furniture and vehicles | 24 | €12,672 | €10,208 | -€2,463 | -19.4% |
| Financial fixed assets | 28 | €729 | €729 | = | 0.0% |
| Current assets | 29/58 | €526,362 | €569,678 | +€43,316 | +8.2% |
| Amounts receivable within one year | 40/41 | €153,479 | €94,511 | -€58,968 | -38.4% |
| Trade receivables | 40 | €143,357 | €84,571 | -€58,787 | -41.0% |
| Other amounts receivable | 41 | €10,121 | €9,940 | -€181 | -1.8% |
| Cash at bank and in hand | 54/58 | €371,432 | €472,910 | +€101,478 | +27.3% |
| Deferred charges and accrued income | 490/1 | €1,451 | €2,258 | +€806 | +55.6% |
| Total equity and liabilities | 10/49 | €539,762 | €580,615 | +€40,853 | +7.6% |
| Equity | 10/15 | €61,935 | €42,402 | -€19,533 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,335 | €23,802 | -€19,533 | -45.1% |
| Amounts payable | 17/49 | €477,827 | €538,214 | +€60,386 | +12.6% |
| Amounts payable after more than one year | 17 | €4,839 | €1,221 | -€3,618 | -74.8% |
| Financial debts | 170/4 | €4,839 | €1,221 | -€3,618 | -74.8% |
| Amounts payable within one year | 42/48 | €472,989 | €536,993 | +€64,004 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €3,618 | +€118 | +3.4% |
| Trade debts | 44 | €230,581 | €348,401 | +€117,820 | +51.1% |
| Suppliers | 440/4 | €230,581 | €348,401 | +€117,820 | +51.1% |
| Advances received on contracts in progress | 46 | €213,142 | - | -€213,142 | |
| Taxes, remuneration and social security | 45 | €7,585 | €47,883 | +€40,298 | +531% |
| Taxes | 450/3 | €2,621 | €39,543 | +€36,923 | +1,409% |
| Remuneration and social security | 454/9 | €4,964 | €8,340 | +€3,375 | +68.0% |
| Other amounts payable | 47/48 | €18,181 | €137,090 | +€118,909 | +654% |
| Remuneration, social security and pensions | 62 | €55,941 | €91,269 | +€35,327 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,338 | €2,463 | -€875 | -26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,249 | - | -€8,249 | |
| Other operating charges | 640/8 | €526 | €950 | +€424 | +80.5% |
| Gross operating margin | 9900 | €75,160 | €235,781 | +€160,621 | +214% |
| Operating profit (loss) | 9901 | €7,106 | €141,099 | +€133,993 | +1,886% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €318 | €639 | +€321 | +101% |
| Recurring financial charges | 65 | €318 | €639 | +€321 | +101% |
| Profit (loss) for the period before taxes | 9903 | €6,788 | €140,462 | +€133,674 | +1,969% |
| Income taxes | 67/77 | €1,778 | €37,745 | +€35,967 | +2,023% |
| Profit (loss) for the period | 9904 | €5,010 | €102,717 | +€97,707 | +1,950% |
| Profit (loss) for the period to be appropriated | 9905 | €5,010 | €102,717 | +€97,707 | +1,950% |
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 20 October 2026 via checked.be.