AREON: 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.
AREON
Largest movements
- Current investments +€94,898
up €94,898 (+29.0%), from €327,482 to €422,381
- Cash -€23,215
down €23,215 (-24.2%), from €95,939 to €72,724
mainly Current investments (-€94,898) and Other debts (-€24,299)
- Tangible fixed assets -€14,486
down €14,486 (-27.9%), from €51,983 to €37,497
of which Furniture and vehicles: -€14,150
- Receivables within one year +€13,589
up €13,589 (+57.7%), from €23,548 to €37,136
of which Other amounts receivable: +€11,640
- Reserves +€109,544
up €109,544 (+26.6%), from €412,071 to €521,616
- Other debts -€24,299
down €24,299 (-51.8%), from €46,894 to €22,595
- Tax, wage and social debts -€13,108
down €13,108 (-50.5%), from €25,967 to €12,859
- Gross operating margin -€24,124
down €24,124 (-13.0%), from €185,405 to €161,280
- Taxes -€16,401
down €16,401 (-29.4%), from €55,851 to €39,450
- Financial charges -€2,675
down €2,675 (-44.0%), from €6,080 to €3,405
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 | €498,952 | €569,738 | +€70,786 | +14.2% |
| Fixed assets | 21/28 | €51,983 | €37,497 | -€14,486 | -27.9% |
| Tangible fixed assets | 22/27 | €51,983 | €37,497 | -€14,486 | -27.9% |
| Land and buildings | 22 | €1,917 | €1,580 | -€337 | -17.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €50,066 | €35,917 | -€14,150 | -28.3% |
| Current assets | 29/58 | €446,969 | €532,241 | +€85,273 | +19.1% |
| Amounts receivable within one year | 40/41 | €23,548 | €37,136 | +€13,589 | +57.7% |
| Trade receivables | 40 | €23,404 | €25,352 | +€1,949 | +8.3% |
| Other amounts receivable | 41 | €144 | €11,784 | +€11,640 | +8,094% |
| Current investments | 50/53 | €327,482 | €422,381 | +€94,898 | +29.0% |
| Cash at bank and in hand | 54/58 | €95,939 | €72,724 | -€23,215 | -24.2% |
| Total equity and liabilities | 10/49 | €498,952 | €569,738 | +€70,786 | +14.2% |
| Equity | 10/15 | €424,471 | €534,016 | +€109,544 | +25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €412,071 | €521,616 | +€109,544 | +26.6% |
| Distributable reserves | 133 | €412,071 | €521,616 | +€109,544 | +26.6% |
| Amounts payable | 17/49 | €74,480 | €35,722 | -€38,758 | -52.0% |
| Amounts payable within one year | 42/48 | €74,480 | €35,722 | -€38,758 | -52.0% |
| Trade debts | 44 | €1,619 | €268 | -€1,351 | -83.5% |
| Suppliers | 440/4 | €1,619 | €268 | -€1,351 | -83.5% |
| Taxes, remuneration and social security | 45 | €25,967 | €12,859 | -€13,108 | -50.5% |
| Taxes | 450/3 | €25,967 | €12,859 | -€13,108 | -50.5% |
| Other amounts payable | 47/48 | €46,894 | €22,595 | -€24,299 | -51.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,562 | €15,703 | +€141 | +0.9% |
| Other operating charges | 640/8 | €1,159 | €1,378 | +€219 | +18.9% |
| Gross operating margin | 9900 | €185,405 | €161,280 | -€24,124 | -13.0% |
| Operating profit (loss) | 9901 | €168,684 | €144,199 | -€24,484 | -14.5% |
| Financial income | 75/76B | €7,035 | €8,200 | +€1,165 | +16.6% |
| Recurring financial income | 75 | €7,035 | €8,200 | +€1,165 | +16.6% |
| Financial charges | 65/66B | €6,080 | €3,405 | -€2,675 | -44.0% |
| Recurring financial charges | 65 | €6,080 | €3,405 | -€2,675 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €169,639 | €148,994 | -€20,644 | -12.2% |
| Income taxes | 67/77 | €55,851 | €39,450 | -€16,401 | -29.4% |
| Profit (loss) for the period | 9904 | €113,788 | €109,544 | -€4,243 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,788 | €109,544 | -€4,243 | -3.7% |
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 17 October 2026 via checked.be.