AREMOS: 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.
AREMOS
Largest movements
- Receivables after one year +€1.1m
up €1.1m (+1468.2%), from €75,000 to €1.2m
- Current investments +€778,390
up €778,390 (+10.7%), from €7.3m to €8.1m
- Cash -€317,283
down €317,283 (-60.8%), from €521,817 to €204,535
mainly Receivables after one year (-€1.1m) and Current investments (-€778,390)
- Reserves +€1.4m
up €1.4m (+10.5%), from €13.3m to €14.7m
- Financial income +€1.2m
up €1.2m (+270.8%), from €448,449 to €1.7m
- Other operating charges +€119,889
up €119,889 (+2675.8%), from €4,480 to €124,370
- Gross operating margin -€18,359
down €18,359 (-14.5%), from €126,355 to €107,996
- Financial charges -€17,044
down €17,044 (-21.6%), from €78,824 to €61,780
- Taxes -€9,407
down €9,407 (-10.6%), from €88,994 to €79,588
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 | €14,181,250 | €15,607,311 | +€1.4m | +10.1% |
| Fixed assets | 21/28 | €6,158,543 | €6,146,913 | -€11,630 | -0.2% |
| Tangible fixed assets | 22/27 | €2,127,783 | €2,116,153 | -€11,630 | -0.5% |
| Land and buildings | 22 | €2,099,603 | €2,099,603 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,705 | €2,005 | +€300 | +17.6% |
| Furniture and vehicles | 24 | €26,475 | €14,545 | -€11,930 | -45.1% |
| Financial fixed assets | 28 | €4,030,760 | €4,030,760 | = | 0.0% |
| Current assets | 29/58 | €8,022,707 | €9,460,399 | +€1.4m | +17.9% |
| Amounts receivable after more than one year | 29 | €75,000 | €1,176,161 | +€1.1m | +1468.2% |
| Other amounts receivable | 291 | €75,000 | €1,176,161 | +€1.1m | +1468.2% |
| Amounts receivable within one year | 40/41 | €120,369 | €8,461 | -€111,908 | -93.0% |
| Trade receivables | 40 | €58,766 | €5,461 | -€53,305 | -90.7% |
| Other amounts receivable | 41 | €61,603 | €3,000 | -€58,603 | -95.1% |
| Current investments | 50/53 | €7,289,856 | €8,068,246 | +€778,390 | +10.7% |
| Cash at bank and in hand | 54/58 | €521,817 | €204,535 | -€317,283 | -60.8% |
| Deferred charges and accrued income | 490/1 | €15,664 | €2,997 | -€12,667 | -80.9% |
| Total equity and liabilities | 10/49 | €14,181,250 | €15,607,311 | +€1.4m | +10.1% |
| Equity | 10/15 | €13,329,371 | €14,732,174 | +€1.4m | +10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,309,371 | €14,712,174 | +€1.4m | +10.5% |
| Distributable reserves | 133 | €13,309,371 | €14,712,174 | +€1.4m | +10.5% |
| Amounts payable | 17/49 | €851,878 | €875,137 | +€23,259 | +2.7% |
| Amounts payable within one year | 42/48 | €793,405 | €822,637 | +€29,233 | +3.7% |
| Trade debts | 44 | €36,565 | - | -€36,565 | |
| Suppliers | 440/4 | €36,565 | - | -€36,565 | |
| Taxes, remuneration and social security | 45 | €30,231 | €57,298 | +€27,067 | +89.5% |
| Taxes | 450/3 | €19,660 | €45,357 | +€25,696 | +130.7% |
| Remuneration and social security | 454/9 | €10,571 | €11,942 | +€1,371 | +13.0% |
| Other amounts payable | 47/48 | €726,608 | €765,339 | +€38,731 | +5.3% |
| Accrued charges and deferred income | 492/3 | €58,474 | €52,500 | -€5,974 | -10.2% |
| Remuneration, social security and pensions | 62 | €80,907 | €89,504 | +€8,596 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,834 | €12,786 | -€1,048 | -7.6% |
| Other operating charges | 640/8 | €4,480 | €124,370 | +€119,889 | +2675.8% |
| Gross operating margin | 9900 | €126,355 | €107,996 | -€18,359 | -14.5% |
| Operating profit (loss) | 9901 | €27,133 | -€118,663 | -€145,797 | |
| Financial income | 75/76B | €448,449 | €1,662,834 | +€1.2m | +270.8% |
| Recurring financial income | 75 | €448,449 | €1,662,834 | +€1.2m | +270.8% |
| Financial charges | 65/66B | €78,824 | €61,780 | -€17,044 | -21.6% |
| Recurring financial charges | 65 | €78,824 | €61,780 | -€17,044 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €396,758 | €1,482,390 | +€1.1m | +273.6% |
| Income taxes | 67/77 | €88,994 | €79,588 | -€9,407 | -10.6% |
| Profit (loss) for the period | 9904 | €307,764 | €1,402,803 | +€1.1m | +355.8% |
| Profit (loss) for the period to be appropriated | 9905 | €307,764 | €1,402,803 | +€1.1m | +355.8% |
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 10 October 2026 via checked.be.