ARES-GROUP: 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-GROUP
Largest movements
- Tangible fixed assets -€24,277
down €24,277 (-94.7%), from €25,623 to €1,346
of which Plant, machinery and equipment: -€24,605
- Cash +€10,849
up €10,849 (+195%), from €5,575 to €16,424
mainly Investment in fixed assets (net) (+€23,605) and Receivables within one year (+€6,426)
- Receivables within one year -€6,426
down €6,426 (-47.5%), from €13,537 to €7,111
of which Trade receivables: -€11,597
- Trade debts -€10,414
down €10,414 (-100%), from €10,414 to €0
- Other debts -€8,700
down €8,700 (-42.6%), from €20,422 to €11,722
- Profit (loss) carried forward -€7,969
down €7,969 (-104%), from -€7,697 to -€15,666
- Accrued charges and deferred income +€3,936
new in 2025: €3,936
- Tax, wage and social debts +€3,293
up €3,293 (+254%), from €1,297 to €4,590
- Gross operating margin -€29,920
down €29,920, from €17,219 to -€12,701
- Financial income +€17,028
new in 2025: €17,028
of which Non-recurring financial income: +€16,931
- Depreciation -€7,419
down €7,419 (-91.7%), from €8,091 to €672
- Write-downs -€3,900
down €3,900 (-26.0%), from €15,000 to €11,100
- Taxes -€728
down €728 (-94.0%), from €775 to €47
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 | €44,735 | €24,881 | -€19,854 | -44.4% |
| Fixed assets | 21/28 | €25,623 | €1,346 | -€24,277 | -94.7% |
| Tangible fixed assets | 22/27 | €25,623 | €1,346 | -€24,277 | -94.7% |
| Plant, machinery and equipment | 23 | €24,605 | €0 | -€24,605 | -100% |
| Furniture and vehicles | 24 | €0 | €570 | +€570 | |
| Other tangible fixed assets | 26 | €1,018 | €777 | -€242 | -23.7% |
| Current assets | 29/58 | €19,112 | €23,535 | +€4,423 | +23.1% |
| Amounts receivable within one year | 40/41 | €13,537 | €7,111 | -€6,426 | -47.5% |
| Trade receivables | 40 | €13,537 | €1,940 | -€11,597 | -85.7% |
| Other amounts receivable | 41 | - | €5,171 | +€5,171 | |
| Cash at bank and in hand | 54/58 | €5,575 | €16,424 | +€10,849 | +195% |
| Total equity and liabilities | 10/49 | €44,735 | €24,881 | -€19,854 | -44.4% |
| Equity | 10/15 | €12,603 | €4,633 | -€7,969 | -63.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,699 | €1,699 | = | 0.0% |
| Distributable reserves | 133 | €1,699 | €1,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,697 | -€15,666 | -€7,969 | -104% |
| Amounts payable | 17/49 | €32,133 | €20,248 | -€11,885 | -37.0% |
| Amounts payable within one year | 42/48 | €32,133 | €16,312 | -€15,821 | -49.2% |
| Trade debts | 44 | €10,414 | €0 | -€10,414 | -100% |
| Suppliers | 440/4 | €10,414 | €0 | -€10,414 | -100% |
| Taxes, remuneration and social security | 45 | €1,297 | €4,590 | +€3,293 | +254% |
| Taxes | 450/3 | €1,297 | €4,590 | +€3,293 | +254% |
| Other amounts payable | 47/48 | €20,422 | €11,722 | -€8,700 | -42.6% |
| Accrued charges and deferred income | 492/3 | - | €3,936 | +€3,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,091 | €672 | -€7,419 | -91.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | €11,100 | -€3,900 | -26.0% |
| Other operating charges | 640/8 | €446 | €141 | -€306 | -68.5% |
| Gross operating margin | 9900 | €17,219 | -€12,701 | -€29,920 | |
| Operating profit (loss) | 9901 | -€6,319 | -€24,613 | -€18,294 | -290% |
| Financial income | 75/76B | - | €17,028 | +€17,028 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Non-recurring financial income | 76B | - | €16,931 | +€16,931 | |
| Financial charges | 65/66B | €603 | €338 | -€266 | -44.1% |
| Recurring financial charges | 65 | €603 | €338 | -€266 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,922 | -€7,923 | -€1,001 | -14.5% |
| Income taxes | 67/77 | €775 | €47 | -€728 | -94.0% |
| Profit (loss) for the period | 9904 | -€7,697 | -€7,969 | -€273 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,697 | -€7,969 | -€273 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.