ARELLI: 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.
ARELLI
Largest movements
- Tangible fixed assets -€3,196
down €3,196 (-3.1%), from €104,033 to €100,837
- Profit (loss) carried forward -€6,849
down €6,849 (-7.0%), from -€97,849 to -€104,698
- Other debts +€5,810
up €5,810 (+3.2%), from €179,746 to €185,556
- Trade debts -€2,209
no longer reported in 2025 (was €2,209)
- Gross operating margin -€308
down €308 (-12.7%), from -€2,420 to -€2,729
- Financial charges +€32
up €32 (+84.0%), from €38 to €69
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 | €104,106 | €100,858 | -€3,248 | -3.1% |
| Fixed assets | 21/28 | €104,033 | €100,837 | -€3,196 | -3.1% |
| Tangible fixed assets | 22/27 | €104,033 | €100,837 | -€3,196 | -3.1% |
| Land and buildings | 22 | €104,033 | €100,837 | -€3,196 | -3.1% |
| Current assets | 29/58 | €73 | €21 | -€52 | -71.2% |
| Cash at bank and in hand | 54/58 | €73 | €21 | -€52 | -71.2% |
| Total equity and liabilities | 10/49 | €104,106 | €100,858 | -€3,248 | -3.1% |
| Equity | 10/15 | -€77,849 | -€84,698 | -€6,849 | -8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,849 | -€104,698 | -€6,849 | -7.0% |
| Amounts payable | 17/49 | €181,955 | €185,556 | +€3,601 | +2.0% |
| Amounts payable within one year | 42/48 | €181,955 | €185,556 | +€3,601 | +2.0% |
| Trade debts | 44 | €2,209 | - | -€2,209 | |
| Suppliers | 440/4 | €2,209 | - | -€2,209 | |
| Other amounts payable | 47/48 | €179,746 | €185,556 | +€5,810 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,196 | €3,196 | = | 0.0% |
| Other operating charges | 640/8 | €831 | €855 | +€24 | +2.9% |
| Gross operating margin | 9900 | -€2,420 | -€2,729 | -€308 | -12.7% |
| Operating profit (loss) | 9901 | -€6,448 | -€6,780 | -€333 | -5.2% |
| Financial charges | 65/66B | €38 | €69 | +€32 | +84.0% |
| Recurring financial charges | 65 | €38 | €69 | +€32 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,485 | -€6,849 | -€364 | -5.6% |
| Profit (loss) for the period | 9904 | -€6,485 | -€6,849 | -€364 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,485 | -€6,849 | -€364 | -5.6% |
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 7 October 2026 via checked.be.