ARESBI: 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.
ARESBI
Largest movements
- Current investments -€116,500
no longer reported in 2025 (was €116,500)
- Cash +€83,625
up €83,625 (+10129.5%), from €826 to €84,451
mainly Current investments (+€116,500) and Net result for the year (+€91,977)
- Tangible fixed assets +€5,141
new in 2025: €5,141
- Receivables within one year -€3,880
down €3,880 (-55.4%), from €7,001 to €3,121
of which Trade receivables: -€2,577
- Tax, wage and social debts -€24,401
no longer reported in 2025 (was €24,401)
- Other debts -€4,560
no longer reported in 2025 (was €4,560)
- Profit (loss) carried forward -€2,275
down €2,275 (-2.4%), from €94,252 to €91,977
- Gross operating margin +€9,114
up €9,114 (+7.9%), from €115,907 to €125,022
- Taxes +€5,697
up €5,697 (+21.5%), from €26,463 to €32,160
- Financial income -€4,796
down €4,796 (-77.0%), from €6,230 to €1,433
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 | €125,004 | €92,977 | -€32,027 | -25.6% |
| Fixed assets | 21/28 | - | €5,141 | +€5,141 | |
| Tangible fixed assets | 22/27 | - | €5,141 | +€5,141 | |
| Furniture and vehicles | 24 | - | €5,141 | +€5,141 | |
| Current assets | 29/58 | €125,004 | €87,836 | -€37,168 | -29.7% |
| Amounts receivable within one year | 40/41 | €7,001 | €3,121 | -€3,880 | -55.4% |
| Trade receivables | 40 | €5,633 | €3,055 | -€2,577 | -45.8% |
| Other amounts receivable | 41 | €1,369 | €66 | -€1,303 | -95.2% |
| Current investments | 50/53 | €116,500 | - | -€116,500 | |
| Cash at bank and in hand | 54/58 | €826 | €84,451 | +€83,625 | +10129.5% |
| Deferred charges and accrued income | 490/1 | €677 | €264 | -€413 | -61.0% |
| Total equity and liabilities | 10/49 | €125,004 | €92,977 | -€32,027 | -25.6% |
| Equity | 10/15 | €95,252 | €92,977 | -€2,275 | -2.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,252 | €91,977 | -€2,275 | -2.4% |
| Amounts payable | 17/49 | €29,752 | - | -€29,752 | |
| Amounts payable within one year | 42/48 | €29,752 | - | -€29,752 | |
| Trade debts | 44 | €791 | - | -€791 | |
| Suppliers | 440/4 | €791 | - | -€791 | |
| Taxes, remuneration and social security | 45 | €24,401 | - | -€24,401 | |
| Taxes | 450/3 | €24,401 | - | -€24,401 | |
| Other amounts payable | 47/48 | €4,560 | - | -€4,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,184 | +€1,184 | |
| Other operating charges | 640/8 | €100 | €385 | +€285 | +285.5% |
| Non-recurring operating charges | 66A | €90 | - | -€90 | |
| Gross operating margin | 9900 | €115,907 | €125,022 | +€9,114 | +7.9% |
| Operating profit (loss) | 9901 | €115,717 | €123,452 | +€7,735 | +6.7% |
| Financial income | 75/76B | €6,230 | €1,433 | -€4,796 | -77.0% |
| Recurring financial income | 75 | €6,230 | €1,433 | -€4,796 | -77.0% |
| Financial charges | 65/66B | €1,232 | €749 | -€483 | -39.2% |
| Recurring financial charges | 65 | €1,232 | €749 | -€483 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €120,715 | €124,137 | +€3,422 | +2.8% |
| Income taxes | 67/77 | €26,463 | €32,160 | +€5,697 | +21.5% |
| Profit (loss) for the period | 9904 | €94,252 | €91,977 | -€2,275 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,252 | €91,977 | -€2,275 | -2.4% |
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 8 October 2026 via checked.be.