AREMAT: 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.
AREMAT
Largest movements
- Tangible fixed assets +€20,586
up €20,586 (+5.1%), from €404,269 to €424,854
of which Furniture and vehicles: +€42,280
- Receivables within one year -€10,564
down €10,564 (-34.2%), from €30,900 to €20,337
of which Trade receivables: -€17,933
- Stocks and contracts +€8,010
up €8,010 (+6.7%), from €120,450 to €128,460
- Debts after one year +€25,426
up €25,426 (+4.5%), from €569,584 to €595,009
of which Financial debts: +€28,812
- Trade debts -€11,013
down €11,013 (-69.7%), from €15,806 to €4,793
- Current portion of long-term debt +€8,441
up €8,441 (+60.1%), from €14,046 to €22,486
- Profit (loss) carried forward -€7,580
down €7,580 (-1.8%), from -€415,976 to -€423,557
- Depreciation -€10,937
down €10,937 (-23.3%), from €46,873 to €35,936
- Gross operating margin -€9,698
down €9,698 (-9.7%), from €99,953 to €90,255
- Staff costs +€7,816
up €7,816 (+18.8%), from €41,489 to €49,305
- Financial charges +€1,714
up €1,714 (+46.8%), from €3,662 to €5,375
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 | €567,995 | €580,564 | +€12,569 | +2.2% |
| Fixed assets | 21/28 | €404,455 | €425,041 | +€20,586 | +5.1% |
| Tangible fixed assets | 22/27 | €404,269 | €424,854 | +€20,586 | +5.1% |
| Land and buildings | 22 | €333,511 | €314,522 | -€18,989 | -5.7% |
| Plant, machinery and equipment | 23 | €28,145 | €25,439 | -€2,706 | -9.6% |
| Furniture and vehicles | 24 | €42,613 | €84,893 | +€42,280 | +99.2% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €163,540 | €155,523 | -€8,016 | -4.9% |
| Stocks and contracts in progress | 3 | €120,450 | €128,460 | +€8,010 | +6.7% |
| Stocks | 30/36 | €120,450 | €128,460 | +€8,010 | +6.7% |
| Amounts receivable within one year | 40/41 | €30,900 | €20,337 | -€10,564 | -34.2% |
| Trade receivables | 40 | €30,876 | €12,943 | -€17,933 | -58.1% |
| Other amounts receivable | 41 | €24 | €7,394 | +€7,369 | +30,227% |
| Cash at bank and in hand | 54/58 | €1,414 | €462 | -€952 | -67.3% |
| Deferred charges and accrued income | 490/1 | €10,775 | €6,264 | -€4,511 | -41.9% |
| Total equity and liabilities | 10/49 | €567,995 | €580,564 | +€12,569 | +2.2% |
| Equity | 10/15 | -€65,976 | -€73,557 | -€7,580 | -11.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,976 | -€423,557 | -€7,580 | -1.8% |
| Amounts payable | 17/49 | €633,971 | €654,121 | +€20,149 | +3.2% |
| Amounts payable after more than one year | 17 | €569,584 | €595,009 | +€25,426 | +4.5% |
| Financial debts | 170/4 | €37,223 | €66,034 | +€28,812 | +77.4% |
| Other amounts payable | 178/9 | €532,361 | €528,975 | -€3,386 | -0.6% |
| Amounts payable within one year | 42/48 | €63,385 | €58,142 | -€5,244 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €14,046 | €22,486 | +€8,441 | +60.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €15,806 | €4,793 | -€11,013 | -69.7% |
| Suppliers | 440/4 | €15,806 | €4,793 | -€11,013 | -69.7% |
| Advances received on contracts in progress | 46 | €11,030 | €11,740 | +€710 | +6.4% |
| Taxes, remuneration and social security | 45 | €4,538 | €2,157 | -€2,381 | -52.5% |
| Taxes | 450/3 | €4,538 | €2,157 | -€2,381 | -52.5% |
| Other amounts payable | 47/48 | €17,965 | €16,965 | -€1,000 | -5.6% |
| Accrued charges and deferred income | 492/3 | €1,003 | €970 | -€33 | -3.3% |
| Remuneration, social security and pensions | 62 | €41,489 | €49,305 | +€7,816 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,873 | €35,936 | -€10,937 | -23.3% |
| Other operating charges | 640/8 | €6,607 | €6,620 | +€13 | +0.2% |
| Gross operating margin | 9900 | €99,953 | €90,255 | -€9,698 | -9.7% |
| Operating profit (loss) | 9901 | €4,984 | -€1,606 | -€6,590 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,662 | €5,375 | +€1,714 | +46.8% |
| Recurring financial charges | 65 | €3,662 | €5,375 | +€1,714 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €1,322 | -€6,981 | -€8,304 | |
| Income taxes | 67/77 | €579 | €599 | +€20 | +3.4% |
| Profit (loss) for the period | 9904 | €743 | -€7,580 | -€8,323 | |
| Profit (loss) for the period to be appropriated | 9905 | €743 | -€7,580 | -€8,323 |
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 16 October 2026 via checked.be.