AREYA: 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.
AREYA
Largest movements
- Stocks and contracts -€45,239
down €45,239 (-70.8%), from €63,889 to €18,650
- Cash +€23,150
up €23,150 (+21.9%), from €105,633 to €128,783
mainly Stocks and contracts (+€45,239) and Net result for the year (+€35,328)
- Receivables within one year +€20,358
up €20,358 (+117.8%), from €17,278 to €37,637
of which Trade receivables: +€26,779
- Tangible fixed assets +€7,369
up €7,369 (+49.2%), from €14,982 to €22,351
of which Furniture and vehicles: +€7,369
- Reserves +€35,000
up €35,000 (+39.9%), from €87,659 to €122,659
of which Distributable reserves: +€35,000
- Trade debts -€29,270
down €29,270 (-94.0%), from €31,122 to €1,853
- Accrued charges and deferred income +€9,092
new in 2025: €9,092
- Tax, wage and social debts -€8,932
down €8,932 (-25.4%), from €35,188 to €26,256
of which Remuneration and social security: -€12,982
- Gross operating margin +€30,193
up €30,193 (+68.4%), from €44,120 to €74,313
- Taxes +€13,142
up €13,142 (+269.2%), from €4,882 to €18,024
- Financial charges +€2,181
up €2,181 (+1086.1%), from €201 to €2,382
- Other operating charges -€2,165
down €2,165 (-45.7%), from €4,736 to €2,571
- Depreciation +€1,663
up €1,663 (+171.8%), from €968 to €2,631
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 | €205,586 | €211,225 | +€5,639 | +2.7% |
| Fixed assets | 21/28 | €18,787 | €26,156 | +€7,369 | +39.2% |
| Tangible fixed assets | 22/27 | €14,982 | €22,351 | +€7,369 | +49.2% |
| Furniture and vehicles | 24 | €4,982 | €12,351 | +€7,369 | +147.9% |
| Leasing and similar rights | 25 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,805 | €3,805 | = | 0.0% |
| Current assets | 29/58 | €186,800 | €185,070 | -€1,730 | -0.9% |
| Stocks and contracts in progress | 3 | €63,889 | €18,650 | -€45,239 | -70.8% |
| Stocks | 30/36 | €63,889 | €18,650 | -€45,239 | -70.8% |
| Amounts receivable within one year | 40/41 | €17,278 | €37,637 | +€20,358 | +117.8% |
| Trade receivables | 40 | €426 | €27,205 | +€26,779 | +6286.7% |
| Other amounts receivable | 41 | €16,852 | €10,432 | -€6,420 | -38.1% |
| Cash at bank and in hand | 54/58 | €105,633 | €128,783 | +€23,150 | +21.9% |
| Total equity and liabilities | 10/49 | €205,586 | €211,225 | +€5,639 | +2.7% |
| Equity | 10/15 | €137,467 | €172,795 | +€35,328 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,659 | €122,659 | +€35,000 | +39.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,799 | €120,799 | +€35,000 | +40.8% |
| Profit (loss) carried forward | 14 | €31,207 | €31,535 | +€328 | +1.1% |
| Amounts payable | 17/49 | €68,120 | €38,431 | -€29,689 | -43.6% |
| Amounts payable within one year | 42/48 | €68,120 | €29,338 | -€38,781 | -56.9% |
| Trade debts | 44 | €31,122 | €1,853 | -€29,270 | -94.0% |
| Suppliers | 440/4 | €31,122 | €1,853 | -€29,270 | -94.0% |
| Taxes, remuneration and social security | 45 | €35,188 | €26,256 | -€8,932 | -25.4% |
| Taxes | 450/3 | €20,372 | €24,422 | +€4,050 | +19.9% |
| Remuneration and social security | 454/9 | €14,816 | €1,834 | -€12,982 | -87.6% |
| Other amounts payable | 47/48 | €1,809 | €1,230 | -€579 | -32.0% |
| Accrued charges and deferred income | 492/3 | - | €9,092 | +€9,092 | |
| Remuneration, social security and pensions | 62 | €14,162 | €13,377 | -€786 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €2,631 | +€1,663 | +171.8% |
| Other operating charges | 640/8 | €4,736 | €2,571 | -€2,165 | -45.7% |
| Gross operating margin | 9900 | €44,120 | €74,313 | +€30,193 | +68.4% |
| Operating profit (loss) | 9901 | €24,253 | €55,734 | +€31,481 | +129.8% |
| Financial charges | 65/66B | €201 | €2,382 | +€2,181 | +1086.1% |
| Recurring financial charges | 65 | €201 | €2,382 | +€2,181 | +1086.1% |
| Profit (loss) for the period before taxes | 9903 | €24,053 | €53,352 | +€29,300 | +121.8% |
| Income taxes | 67/77 | €4,882 | €18,024 | +€13,142 | +269.2% |
| Profit (loss) for the period | 9904 | €19,171 | €35,328 | +€16,157 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,171 | €35,328 | +€16,157 | +84.3% |
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 11 October 2026 via checked.be.