ARES IT: what changed
Two fiscal 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 IT
Largest movements
- Receivables within one year +€18,678
up €18,678 (+111.1%), from €16,813 to €35,491
of which Trade receivables: +€18,287
- Cash +€17,937
up €17,937 (+57.6%), from €31,131 to €49,068
mainly Net result for the year (+€40,150) and Other debts (+€22,276)
- Stocks and contracts -€6,466
down €6,466 (-46.4%), from €13,940 to €7,474
- Other debts +€22,276
up €22,276 (+122.4%), from €18,197 to €40,473
- Tax, wage and social debts +€6,890
up €6,890 (+119.5%), from €5,765 to €12,655
- Gross operating margin +€15,355
up €15,355 (+36.7%), from €41,886 to €57,240
- Taxes +€4,257
up €4,257 (+61.4%), from €6,936 to €11,193
- Financial charges -€855
down €855 (-22.2%), from €3,851 to €2,996
- Depreciation -€619
down €619 (-24.5%), from €2,527 to €1,908
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 | €66,215 | €95,520 | +€29,305 | +44.3% |
| Fixed assets | 21/28 | €3,788 | €2,904 | -€884 | -23.3% |
| Tangible fixed assets | 22/27 | €3,788 | €2,904 | -€884 | -23.3% |
| Plant, machinery and equipment | 23 | €1,983 | €1,830 | -€153 | -7.7% |
| Furniture and vehicles | 24 | €1,806 | €1,074 | -€731 | -40.5% |
| Current assets | 29/58 | €62,427 | €92,616 | +€30,189 | +48.4% |
| Stocks and contracts in progress | 3 | €13,940 | €7,474 | -€6,466 | -46.4% |
| Contracts in progress | 37 | €13,940 | €7,474 | -€6,466 | -46.4% |
| Amounts receivable within one year | 40/41 | €16,813 | €35,491 | +€18,678 | +111.1% |
| Trade receivables | 40 | €16,813 | €35,100 | +€18,287 | +108.8% |
| Other amounts receivable | 41 | €0 | €391 | +€391 | |
| Cash at bank and in hand | 54/58 | €31,131 | €49,068 | +€17,937 | +57.6% |
| Deferred charges and accrued income | 490/1 | €542 | €583 | +€41 | +7.5% |
| Total equity and liabilities | 10/49 | €66,215 | €95,520 | +€29,305 | +44.3% |
| Equity | 10/15 | €39,254 | €39,404 | +€150 | +0.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,254 | €36,254 | = | 0.0% |
| Distributable reserves | 133 | €36,254 | €36,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €150 | +€150 | |
| Amounts payable | 17/49 | €26,961 | €56,116 | +€29,155 | +108.1% |
| Amounts payable within one year | 42/48 | €26,961 | €56,116 | +€29,155 | +108.1% |
| Trade debts | 44 | €2,999 | €2,988 | -€11 | -0.4% |
| Suppliers | 440/4 | €2,999 | €2,988 | -€11 | -0.4% |
| Taxes, remuneration and social security | 45 | €5,765 | €12,655 | +€6,890 | +119.5% |
| Taxes | 450/3 | €5,765 | €12,655 | +€6,890 | +119.5% |
| Other amounts payable | 47/48 | €18,197 | €40,473 | +€22,276 | +122.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,527 | €1,908 | -€619 | -24.5% |
| Other operating charges | 640/8 | €1,389 | €1,019 | -€370 | -26.6% |
| Gross operating margin | 9900 | €41,886 | €57,240 | +€15,355 | +36.7% |
| Operating profit (loss) | 9901 | €37,970 | €54,313 | +€16,343 | +43.0% |
| Financial income | 75/76B | €202 | €26 | -€176 | -87.1% |
| Recurring financial income | 75 | €202 | €26 | -€176 | -87.1% |
| Financial charges | 65/66B | €3,851 | €2,996 | -€855 | -22.2% |
| Recurring financial charges | 65 | €3,851 | €2,996 | -€855 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €34,320 | €51,343 | +€17,023 | +49.6% |
| Income taxes | 67/77 | €6,936 | €11,193 | +€4,257 | +61.4% |
| Profit (loss) for the period | 9904 | €27,384 | €40,150 | +€12,766 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,384 | €40,150 | +€12,766 | +46.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.