AREWAL: 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.
AREWAL
Largest movements
- Receivables after one year +€686,525
up €686,525 (+35.7%), from €1.9m to €2.6m
- Receivables within one year +€509,259
up €509,259 (+37.7%), from €1.4m to €1.9m
of which Trade receivables: +€526,985
- Deferred charges and accrued income +€82,680
up €82,680 (+43.8%), from €188,701 to €271,381
- Trade debts +€827,844
up €827,844 (+50.5%), from €1.6m to €2.5m
- Debts after one year +€687,308
up €687,308 (+35.7%), from €1.9m to €2.6m
of which Financial debts: +€687,308
- Other debts -€355,526
down €355,526 (-56.4%), from €629,968 to €274,442
- Purchases and services -€632,939
down €632,939 (-9.8%), from €6.4m to €5.8m
- Turnover -€359,207
down €359,207 (-6.0%), from €6.0m to €5.6m
- Gross operating margin +€262,319
up €262,319 (+39.9%), from €658,058 to €920,377
- Staff costs +€247,171
up €247,171 (+40.8%), from €606,462 to €853,633
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 | €4,431,635 | €5,666,538 | +€1.2m | +27.9% |
| Fixed assets | 21/28 | €54,627 | €58,320 | +€3,692 | +6.8% |
| Intangible fixed assets | 21 | €13,334 | €6,668 | -€6,666 | -50.0% |
| Tangible fixed assets | 22/27 | €41,293 | €51,652 | +€10,358 | +25.1% |
| Furniture and vehicles | 24 | €41,293 | €51,652 | +€10,358 | +25.1% |
| Current assets | 29/58 | €4,377,007 | €5,608,218 | +€1.2m | +28.1% |
| Amounts receivable after more than one year | 29 | €1,920,955 | €2,607,480 | +€686,525 | +35.7% |
| Trade receivables | 290 | €1,920,955 | €2,607,480 | +€686,525 | +35.7% |
| Amounts receivable within one year | 40/41 | €1,351,939 | €1,861,199 | +€509,259 | +37.7% |
| Trade receivables | 40 | €1,334,214 | €1,861,199 | +€526,985 | +39.5% |
| Other amounts receivable | 41 | €17,726 | €0 | -€17,726 | -100.0% |
| Cash at bank and in hand | 54/58 | €915,412 | €868,158 | -€47,254 | -5.2% |
| Deferred charges and accrued income | 490/1 | €188,701 | €271,381 | +€82,680 | +43.8% |
| Total equity and liabilities | 10/49 | €4,431,635 | €5,666,538 | +€1.2m | +27.9% |
| Equity | 10/15 | €30,800 | €31,800 | +€1,000 | +3.2% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €6,000 | €7,000 | +€1,000 | +16.7% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Amounts payable | 17/49 | €4,400,835 | €5,634,738 | +€1.2m | +28.0% |
| Amounts payable after more than one year | 17 | €1,922,846 | €2,610,154 | +€687,308 | +35.7% |
| Financial debts | 170/4 | €1,922,846 | €2,610,154 | +€687,308 | +35.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,477,989 | €3,024,584 | +€546,595 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €115,516 | €168,310 | +€52,793 | +45.7% |
| Trade debts | 44 | €1,638,917 | €2,466,760 | +€827,844 | +50.5% |
| Suppliers | 440/4 | €1,638,917 | €2,466,760 | +€827,844 | +50.5% |
| Taxes, remuneration and social security | 45 | €93,588 | €115,072 | +€21,484 | +23.0% |
| Taxes | 450/3 | €62,882 | €41,150 | -€21,733 | -34.6% |
| Remuneration and social security | 454/9 | €30,706 | €73,922 | +€43,216 | +140.7% |
| Other amounts payable | 47/48 | €629,968 | €274,442 | -€355,526 | -56.4% |
| Turnover | 70 | €5,990,896 | €5,631,689 | -€359,207 | -6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,439,102 | €5,806,164 | -€632,939 | -9.8% |
| Remuneration, social security and pensions | 62 | €606,462 | €853,633 | +€247,171 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,775 | €30,309 | +€7,534 | +33.1% |
| Other operating charges | 640/8 | €4,283 | €2,635 | -€1,648 | -38.5% |
| Gross operating margin | 9900 | €658,058 | €920,377 | +€262,319 | +39.9% |
| Operating profit (loss) | 9901 | €24,538 | €33,800 | +€9,262 | +37.7% |
| Financial income | 75/76B | €58,690 | €80,681 | +€21,990 | +37.5% |
| Recurring financial income | 75 | €58,690 | €80,681 | +€21,990 | +37.5% |
| Financial charges | 65/66B | €60,867 | €94,660 | +€33,793 | +55.5% |
| Recurring financial charges | 65 | €60,867 | €94,660 | +€33,793 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €22,361 | €19,821 | -€2,541 | -11.4% |
| Income taxes | 67/77 | €21,361 | €18,821 | -€2,541 | -11.9% |
| Profit (loss) for the period | 9904 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000 | €1,000 | = | 0.0% |
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 10 October 2026 via checked.be.