AREION: 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.
AREION
Largest movements
- Cash -€103,672
down €103,672 (-31.2%), from €332,131 to €228,459
mainly Contributions, distributions and other (-€140,000) and Tax, wage and social debts (-€7,705)
- Tangible fixed assets -€32,017
down €32,017 (-22.2%), from €144,538 to €112,521
of which Plant, machinery and equipment: -€31,856
- Receivables within one year +€7,226
up €7,226 (+10.0%), from €72,060 to €79,285
of which Trade receivables: +€8,712
- Reserves -€123,000
down €123,000 (-49.1%), from €250,455 to €127,455
- Tax, wage and social debts -€7,705
down €7,705 (-46.1%), from €16,696 to €8,991
of which Taxes: -€7,848
- Gross operating margin -€47,086
down €47,086 (-43.2%), from €108,870 to €61,784
- Taxes -€12,869
down €12,869 (-59.3%), from €21,690 to €8,821
- Depreciation -€2,056
down €2,056 (-5.6%), from €36,568 to €34,512
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 | €601,587 | €473,160 | -€128,427 | -21.3% |
| Fixed assets | 21/28 | €186,668 | €154,651 | -€32,017 | -17.2% |
| Tangible fixed assets | 22/27 | €144,538 | €112,521 | -€32,017 | -22.2% |
| Land and buildings | 22 | - | €2,029 | +€2,029 | |
| Plant, machinery and equipment | 23 | €141,681 | €109,825 | -€31,856 | -22.5% |
| Furniture and vehicles | 24 | €2,857 | €667 | -€2,190 | -76.7% |
| Financial fixed assets | 28 | €42,130 | €42,130 | = | 0.0% |
| Current assets | 29/58 | €414,919 | €318,509 | -€96,410 | -23.2% |
| Stocks and contracts in progress | 3 | €9,062 | €8,688 | -€374 | -4.1% |
| Stocks | 30/36 | €9,062 | €8,688 | -€374 | -4.1% |
| Amounts receivable within one year | 40/41 | €72,060 | €79,285 | +€7,226 | +10.0% |
| Trade receivables | 40 | €55,715 | €64,426 | +€8,712 | +15.6% |
| Other amounts receivable | 41 | €16,345 | €14,859 | -€1,486 | -9.1% |
| Cash at bank and in hand | 54/58 | €332,131 | €228,459 | -€103,672 | -31.2% |
| Deferred charges and accrued income | 490/1 | €1,667 | €2,077 | +€409 | +24.6% |
| Total equity and liabilities | 10/49 | €601,587 | €473,160 | -€128,427 | -21.3% |
| Equity | 10/15 | €575,631 | €452,729 | -€122,902 | -21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,455 | €127,455 | -€123,000 | -49.1% |
| Distributable reserves | 133 | €250,455 | €127,455 | -€123,000 | -49.1% |
| Profit (loss) carried forward | 14 | €318,976 | €319,074 | +€98 | 0.0% |
| Amounts payable | 17/49 | €25,956 | €20,431 | -€5,525 | -21.3% |
| Amounts payable after more than one year | 17 | €1,320 | - | -€1,320 | |
| Financial debts | 170/4 | €1,320 | - | -€1,320 | |
| Amounts payable within one year | 42/48 | €24,636 | €20,431 | -€4,205 | -17.1% |
| Trade debts | 44 | €6,171 | €9,560 | +€3,389 | +54.9% |
| Suppliers | 440/4 | €6,171 | €9,560 | +€3,389 | +54.9% |
| Taxes, remuneration and social security | 45 | €16,696 | €8,991 | -€7,705 | -46.1% |
| Taxes | 450/3 | €16,696 | €8,848 | -€7,848 | -47.0% |
| Remuneration and social security | 454/9 | - | €143 | +€143 | |
| Other amounts payable | 47/48 | €1,770 | €1,880 | +€111 | +6.3% |
| Non-recurring operating income | 76A | - | €1,858 | +€1,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,568 | €34,512 | -€2,056 | -5.6% |
| Other operating charges | 640/8 | €3,245 | €3,290 | +€45 | +1.4% |
| Gross operating margin | 9900 | €108,870 | €61,784 | -€47,086 | -43.2% |
| Operating profit (loss) | 9901 | €69,057 | €23,982 | -€45,075 | -65.3% |
| Financial income | 75/76B | €1,875 | €2,769 | +€894 | +47.7% |
| Recurring financial income | 75 | €1,875 | €2,769 | +€894 | +47.7% |
| Financial charges | 65/66B | €1,598 | €833 | -€765 | -47.9% |
| Recurring financial charges | 65 | €1,598 | €833 | -€765 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €69,334 | €25,919 | -€43,415 | -62.6% |
| Income taxes | 67/77 | €21,690 | €8,821 | -€12,869 | -59.3% |
| Profit (loss) for the period | 9904 | €47,644 | €17,098 | -€30,546 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,644 | €17,098 | -€30,546 | -64.1% |
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 8 October 2026 via checked.be.