ARES DESIGN: 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.
ARES DESIGN
Largest movements
- Cash -€4,500
down €4,500 (-73.1%), from €6,153 to €1,653
mainly Trade debts (-€6,100) and Other debts (-€1,683)
- Receivables within one year -€2,236
down €2,236 (-8.3%), from €26,935 to €24,698
of which Trade receivables: -€1,567
- Tangible fixed assets -€1,893
down €1,893 (-54.0%), from €3,502 to €1,610
of which Furniture and vehicles: -€1,147
- Intangible fixed assets -€800
down €800 (-18.2%), from €4,399 to €3,599
- Trade debts -€6,100
down €6,100 (-56.8%), from €10,733 to €4,633
- Other debts -€1,683
down €1,683 (-2.8%), from €60,166 to €58,483
- Profit (loss) carried forward -€893
down €893 (-1.3%), from -€69,793 to -€70,685
- Short-term financial debts -€646
down €646 (-100%), from €646 to €0
- Gross operating margin +€3,913
up €3,913, from -€436 to €3,477
- Taxes +€833
up €833, from -€679 to €154
- Depreciation -€479
down €479 (-15.1%), from €3,172 to €2,693
- Financial charges -€444
down €444 (-78.0%), from €570 to €125
- Staff costs -€281
down €281 (-59.8%), from €470 to €189
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 | €45,489 | €36,137 | -€9,352 | -20.6% |
| Fixed assets | 21/28 | €9,401 | €6,709 | -€2,693 | -28.6% |
| Intangible fixed assets | 21 | €4,399 | €3,599 | -€800 | -18.2% |
| Tangible fixed assets | 22/27 | €3,502 | €1,610 | -€1,893 | -54.0% |
| Plant, machinery and equipment | 23 | €1,568 | €822 | -€746 | -47.6% |
| Furniture and vehicles | 24 | €1,935 | €788 | -€1,147 | -59.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €36,088 | €29,428 | -€6,660 | -18.5% |
| Amounts receivable within one year | 40/41 | €26,935 | €24,698 | -€2,236 | -8.3% |
| Trade receivables | 40 | €16,537 | €14,970 | -€1,567 | -9.5% |
| Other amounts receivable | 41 | €10,398 | €9,729 | -€669 | -6.4% |
| Cash at bank and in hand | 54/58 | €6,153 | €1,653 | -€4,500 | -73.1% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,077 | +€77 | +2.6% |
| Total equity and liabilities | 10/49 | €45,489 | €36,137 | -€9,352 | -20.6% |
| Equity | 10/15 | -€26,240 | -€27,133 | -€893 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,153 | €31,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,293 | €29,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,793 | -€70,685 | -€893 | -1.3% |
| Amounts payable | 17/49 | €71,729 | €63,270 | -€8,460 | -11.8% |
| Amounts payable within one year | 42/48 | €71,729 | €63,270 | -€8,460 | -11.8% |
| Financial debts | 43 | €646 | €0 | -€646 | -100% |
| Credit institutions | 430/8 | €646 | €0 | -€646 | -100% |
| Trade debts | 44 | €10,733 | €4,633 | -€6,100 | -56.8% |
| Suppliers | 440/4 | €10,733 | €4,633 | -€6,100 | -56.8% |
| Taxes, remuneration and social security | 45 | €184 | €154 | -€31 | -16.7% |
| Taxes | 450/3 | €184 | €154 | -€31 | -16.7% |
| Other amounts payable | 47/48 | €60,166 | €58,483 | -€1,683 | -2.8% |
| Remuneration, social security and pensions | 62 | €470 | €189 | -€281 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,172 | €2,693 | -€479 | -15.1% |
| Other operating charges | 640/8 | €1,125 | €1,210 | +€84 | +7.5% |
| Gross operating margin | 9900 | -€436 | €3,477 | +€3,913 | |
| Operating profit (loss) | 9901 | -€5,203 | -€614 | +€4,590 | +88.2% |
| Financial charges | 65/66B | €570 | €125 | -€444 | -78.0% |
| Recurring financial charges | 65 | €570 | €125 | -€444 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,773 | -€739 | +€5,034 | +87.2% |
| Income taxes | 67/77 | -€679 | €154 | +€833 | |
| Profit (loss) for the period | 9904 | -€5,094 | -€893 | +€4,201 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,094 | -€893 | +€4,201 | +82.5% |
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 26 October 2026 via checked.be.