ARETI CONSULT: 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.
ARETI CONSULT
Largest movements
- Current investments +€28,045
up €28,045 (+5.7%), from €496,181 to €524,226
- Cash -€8,108
down €8,108 (-11.3%), from €71,810 to €63,702
mainly Current investments (-€28,045) and Tax, wage and social debts (-€12,355)
- Tangible fixed assets +€6,812
up €6,812 (+3,307%), from €206 to €7,018
of which Furniture and vehicles: +€7,018
- Receivables within one year -€6,155
down €6,155 (-80.6%), from €7,638 to €1,484
of which Trade receivables: -€5,969
- Reserves +€34,283
up €34,283 (+7.2%), from €479,351 to €513,634
- Tax, wage and social debts -€12,355
down €12,355 (-96.6%), from €12,792 to €436
- Gross operating margin -€49,012
down €49,012 (-52.2%), from €93,837 to €44,825
- Taxes -€16,417
down €16,417 (-49.5%), from €33,132 to €16,715
- Financial charges +€9,260
up €9,260 (+91.1%), from -€10,166 to -€906
- Depreciation +€3,146
up €3,146 (+848%), from €371 to €3,517
- Financial income +€2,481
up €2,481 (+36.4%), from €6,811 to €9,291
of which Financial income: +€5,413
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 | €576,146 | €596,749 | +€20,602 | +3.6% |
| Fixed assets | 21/28 | €206 | €7,018 | +€6,812 | +3,307% |
| Tangible fixed assets | 22/27 | €206 | €7,018 | +€6,812 | +3,307% |
| Plant, machinery and equipment | 23 | €206 | - | -€206 | |
| Furniture and vehicles | 24 | - | €7,018 | +€7,018 | |
| Current assets | 29/58 | €575,940 | €589,731 | +€13,790 | +2.4% |
| Amounts receivable within one year | 40/41 | €7,638 | €1,484 | -€6,155 | -80.6% |
| Trade receivables | 40 | €7,093 | €1,125 | -€5,969 | -84.1% |
| Other amounts receivable | 41 | €545 | €359 | -€186 | -34.1% |
| Current investments | 50/53 | €496,181 | €524,226 | +€28,045 | +5.7% |
| Cash at bank and in hand | 54/58 | €71,810 | €63,702 | -€8,108 | -11.3% |
| Deferred charges and accrued income | 490/1 | €311 | €319 | +€8 | +2.6% |
| Total equity and liabilities | 10/49 | €576,146 | €596,749 | +€20,602 | +3.6% |
| Equity | 10/15 | €557,733 | €592,015 | +€34,283 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €479,351 | €513,634 | +€34,283 | +7.2% |
| Distributable reserves | 133 | €479,351 | €513,634 | +€34,283 | +7.2% |
| Profit (loss) carried forward | 14 | €59,782 | €59,782 | = | 0.0% |
| Amounts payable | 17/49 | €18,414 | €4,733 | -€13,680 | -74.3% |
| Amounts payable within one year | 42/48 | €18,414 | €4,733 | -€13,680 | -74.3% |
| Trade debts | 44 | €1,592 | €267 | -€1,325 | -83.2% |
| Suppliers | 440/4 | €1,592 | €267 | -€1,325 | -83.2% |
| Taxes, remuneration and social security | 45 | €12,792 | €436 | -€12,355 | -96.6% |
| Taxes | 450/3 | €12,792 | €436 | -€12,355 | -96.6% |
| Other amounts payable | 47/48 | €4,030 | €4,030 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €3,517 | +€3,146 | +848% |
| Other operating charges | 640/8 | €681 | €507 | -€174 | -25.6% |
| Gross operating margin | 9900 | €93,837 | €44,825 | -€49,012 | -52.2% |
| Operating profit (loss) | 9901 | €92,785 | €40,801 | -€51,984 | -56.0% |
| Financial income | 75/76B | €6,811 | €9,291 | +€2,481 | +36.4% |
| Recurring financial income | 75 | €3,878 | €9,291 | +€5,413 | +140% |
| Non-recurring financial income | 76B | €2,932 | - | -€2,932 | |
| Financial charges | 65/66B | -€10,166 | -€906 | +€9,260 | +91.1% |
| Recurring financial charges | 65 | -€10,166 | -€906 | +€9,260 | +91.1% |
| Profit (loss) for the period before taxes | 9903 | €109,761 | €50,998 | -€58,763 | -53.5% |
| Income taxes | 67/77 | €33,132 | €16,715 | -€16,417 | -49.5% |
| Profit (loss) for the period | 9904 | €76,629 | €34,283 | -€42,347 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,629 | €34,283 | -€42,347 | -55.3% |
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 20 October 2026 via checked.be.