AREK: 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.
AREK
Largest movements
- Tangible fixed assets +€25,928
up €25,928 (+1565.3%), from €1,656 to €27,584
of which Furniture and vehicles: +€26,230
- Receivables within one year -€10,188
down €10,188 (-74.2%), from €13,734 to €3,546
of which Trade receivables: -€11,384
- Cash +€4,269
up €4,269 (+12.9%), from €32,984 to €37,252
mainly Debts after one year (+€19,645) and Receivables within one year (+€10,188)
- Deferred charges and accrued income -€2,110
down €2,110 (-99.7%), from €2,116 to €6
- Debts after one year +€19,645
new in 2025: €19,645
- Current portion of long-term debt +€5,145
new in 2025: €5,145
- Tax, wage and social debts -€3,534
down €3,534 (-28.6%), from €12,343 to €8,809
of which Taxes: -€3,534
- Trade debts -€2,642
no longer reported in 2025 (was €2,642)
- Turnover -€160,504
no longer reported in 2025 (was €160,504)
- Purchases and services -€154,930
no longer reported in 2025 (was €154,930)
- Depreciation +€3,559
up €3,559 (+136.2%), from €2,613 to €6,172
- Gross operating margin +€2,077
up €2,077 (+37.3%), from €5,574 to €7,651
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 | €54,032 | €72,218 | +€18,186 | +33.7% |
| Fixed assets | 21/28 | €1,851 | €27,779 | +€25,928 | +1400.4% |
| Tangible fixed assets | 22/27 | €1,656 | €27,584 | +€25,928 | +1565.3% |
| Plant, machinery and equipment | 23 | €303 | - | -€303 | |
| Furniture and vehicles | 24 | €1,354 | €27,584 | +€26,230 | +1937.7% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €52,181 | €44,439 | -€7,742 | -14.8% |
| Stocks and contracts in progress | 3 | €3,347 | €3,635 | +€288 | +8.6% |
| Stocks | 30/36 | €3,347 | €3,635 | +€288 | +8.6% |
| Amounts receivable within one year | 40/41 | €13,734 | €3,546 | -€10,188 | -74.2% |
| Trade receivables | 40 | €12,035 | €651 | -€11,384 | -94.6% |
| Other amounts receivable | 41 | €1,699 | €2,895 | +€1,196 | +70.4% |
| Cash at bank and in hand | 54/58 | €32,984 | €37,252 | +€4,269 | +12.9% |
| Deferred charges and accrued income | 490/1 | €2,116 | €6 | -€2,110 | -99.7% |
| Total equity and liabilities | 10/49 | €54,032 | €72,218 | +€18,186 | +33.7% |
| Equity | 10/15 | €18,744 | €18,210 | -€534 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,544 | €12,010 | -€534 | -4.3% |
| Amounts payable | 17/49 | €35,288 | €54,008 | +€18,720 | +53.0% |
| Amounts payable after more than one year | 17 | - | €19,645 | +€19,645 | |
| Financial debts | 170/4 | - | €19,645 | +€19,645 | |
| Amounts payable within one year | 42/48 | €35,288 | €34,363 | -€925 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,145 | +€5,145 | |
| Trade debts | 44 | €2,642 | - | -€2,642 | |
| Suppliers | 440/4 | €2,642 | - | -€2,642 | |
| Taxes, remuneration and social security | 45 | €12,343 | €8,809 | -€3,534 | -28.6% |
| Taxes | 450/3 | €5,833 | €2,299 | -€3,534 | -60.6% |
| Remuneration and social security | 454/9 | €6,510 | €6,510 | = | 0.0% |
| Other amounts payable | 47/48 | €20,304 | €20,409 | +€105 | +0.5% |
| Turnover | 70 | €160,504 | - | -€160,504 | |
| Goods, raw materials, services and sundry goods | 60/61 | €154,930 | - | -€154,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,613 | €6,172 | +€3,559 | +136.2% |
| Other operating charges | 640/8 | €809 | €744 | -€65 | -8.1% |
| Gross operating margin | 9900 | €5,574 | €7,651 | +€2,077 | +37.3% |
| Operating profit (loss) | 9901 | €2,152 | €736 | -€1,417 | -65.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €135 | €1,053 | +€918 | +679.5% |
| Recurring financial charges | 65 | €135 | €1,053 | +€918 | +679.5% |
| Profit (loss) for the period before taxes | 9903 | €2,017 | -€318 | -€2,335 | |
| Income taxes | 67/77 | €565 | €217 | -€349 | -61.7% |
| Profit (loss) for the period | 9904 | €1,452 | -€534 | -€1,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,452 | -€534 | -€1,986 |
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 1 October 2026 via checked.be.