AREY DESIGN: 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.
AREY DESIGN
Largest movements
- Receivables within one year +€24,593
up €24,593 (+61.0%), from €40,317 to €64,910
of which Trade receivables: +€25,398
- Cash +€10,119
up €10,119 (+9,637%), from €105 to €10,224
mainly Accrued charges and deferred income (+€16,206) and Trade debts (+€14,781)
- Stocks and contracts -€3,097
down €3,097 (-22.9%), from €13,504 to €10,407
- Tangible fixed assets -€1,632
down €1,632 (-45.2%), from €3,611 to €1,979
- Accrued charges and deferred income +€16,206
new in 2025: €16,206
- Trade debts +€14,781
up €14,781 (+88.1%), from €16,770 to €31,551
- Tax, wage and social debts -€7,942
down €7,942 (-68.7%), from €11,562 to €3,620
of which Taxes: -€8,182
- Profit (loss) carried forward +€4,086
up €4,086 (+25.6%), from -€15,963 to -€11,877
- Short-term financial debts +€2,852
up €2,852 (+10.5%), from €27,148 to €30,000
- Gross operating margin +€49,446
up €49,446 (+127%), from €38,794 to €88,240
- Staff costs +€10,772
up €10,772 (+16.6%), from €64,871 to €75,643
- Taxes +€9,260
up €9,260, from -€6,406 to €2,854
- Other operating charges -€1,224
down €1,224 (-55.2%), from €2,219 to €995
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 | €58,117 | €88,100 | +€29,983 | +51.6% |
| Fixed assets | 21/28 | €4,191 | €2,559 | -€1,632 | -38.9% |
| Tangible fixed assets | 22/27 | €3,611 | €1,979 | -€1,632 | -45.2% |
| Furniture and vehicles | 24 | €3,611 | €1,979 | -€1,632 | -45.2% |
| Financial fixed assets | 28 | €580 | €580 | = | 0.0% |
| Current assets | 29/58 | €53,926 | €85,541 | +€31,615 | +58.6% |
| Stocks and contracts in progress | 3 | €13,504 | €10,407 | -€3,097 | -22.9% |
| Stocks | 30/36 | €13,504 | €10,407 | -€3,097 | -22.9% |
| Amounts receivable within one year | 40/41 | €40,317 | €64,910 | +€24,593 | +61.0% |
| Trade receivables | 40 | €35,240 | €60,638 | +€25,398 | +72.1% |
| Other amounts receivable | 41 | €5,077 | €4,272 | -€805 | -15.9% |
| Cash at bank and in hand | 54/58 | €105 | €10,224 | +€10,119 | +9,637% |
| Total equity and liabilities | 10/49 | €58,117 | €88,100 | +€29,983 | +51.6% |
| Equity | 10/15 | €2,637 | €6,723 | +€4,086 | +155% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,963 | -€11,877 | +€4,086 | +25.6% |
| Amounts payable | 17/49 | €55,480 | €81,377 | +€25,897 | +46.7% |
| Amounts payable within one year | 42/48 | €55,480 | €65,171 | +€9,691 | +17.5% |
| Financial debts | 43 | €27,148 | €30,000 | +€2,852 | +10.5% |
| Credit institutions | 430/8 | €27,148 | €30,000 | +€2,852 | +10.5% |
| Trade debts | 44 | €16,770 | €31,551 | +€14,781 | +88.1% |
| Suppliers | 440/4 | €16,770 | €31,551 | +€14,781 | +88.1% |
| Taxes, remuneration and social security | 45 | €11,562 | €3,620 | -€7,942 | -68.7% |
| Taxes | 450/3 | €11,498 | €3,316 | -€8,182 | -71.2% |
| Remuneration and social security | 454/9 | €64 | €304 | +€240 | +375% |
| Accrued charges and deferred income | 492/3 | - | €16,206 | +€16,206 | |
| Remuneration, social security and pensions | 62 | €64,871 | €75,643 | +€10,772 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,863 | €1,632 | -€231 | -12.4% |
| Other operating charges | 640/8 | €2,219 | €995 | -€1,224 | -55.2% |
| Gross operating margin | 9900 | €38,794 | €88,240 | +€49,446 | +127% |
| Operating profit (loss) | 9901 | -€30,159 | €9,970 | +€40,129 | |
| Financial charges | 65/66B | €2,641 | €3,030 | +€389 | +14.7% |
| Recurring financial charges | 65 | €2,641 | €3,030 | +€389 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,800 | €6,940 | +€39,740 | |
| Income taxes | 67/77 | -€6,406 | €2,854 | +€9,260 | |
| Profit (loss) for the period | 9904 | -€26,394 | €4,086 | +€30,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,394 | €4,086 | +€30,480 |
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 22 October 2026 via checked.be.