ARI: 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.
ARI
Largest movements
- Cash +€25,526
up €25,526 (+59.2%), from €43,123 to €68,649
mainly Net result for the year (+€31,466) and Deferred charges and accrued income (+€9,779)
- Receivables within one year +€21,502
up €21,502 (+71.4%), from €30,128 to €51,630
of which Other amounts receivable: +€21,084
- Deferred charges and accrued income -€9,779
down €9,779 (-82.3%), from €11,879 to €2,100
- Tangible fixed assets -€1,460
down €1,460 (-18.7%), from €7,795 to €6,334
- Reserves +€30,633
up €30,633 (+45.7%), from €67,091 to €97,724
- Trade debts +€7,197
up €7,197 (+115.8%), from €6,212 to €13,409
- Other debts -€3,664
down €3,664 (-81.5%), from €4,497 to €833
- Tax, wage and social debts +€1,624
up €1,624 (+16.0%), from €10,123 to €11,747
- Gross operating margin +€16,141
up €16,141 (+49.3%), from €32,723 to €48,864
- Taxes +€3,557
up €3,557 (+60.0%), from €5,932 to €9,489
- Financial charges -€1,453
down €1,453 (-22.2%), from €6,556 to €5,102
- Depreciation +€540
up €540 (+58.6%), from €921 to €1,460
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 | €92,924 | €128,713 | +€35,789 | +38.5% |
| Fixed assets | 21/28 | €7,795 | €6,334 | -€1,460 | -18.7% |
| Tangible fixed assets | 22/27 | €7,795 | €6,334 | -€1,460 | -18.7% |
| Furniture and vehicles | 24 | €7,795 | €6,334 | -€1,460 | -18.7% |
| Current assets | 29/58 | €85,129 | €122,379 | +€37,249 | +43.8% |
| Amounts receivable within one year | 40/41 | €30,128 | €51,630 | +€21,502 | +71.4% |
| Trade receivables | 40 | €29,060 | €29,479 | +€418 | +1.4% |
| Other amounts receivable | 41 | €1,068 | €22,151 | +€21,084 | +1974.8% |
| Cash at bank and in hand | 54/58 | €43,123 | €68,649 | +€25,526 | +59.2% |
| Deferred charges and accrued income | 490/1 | €11,879 | €2,100 | -€9,779 | -82.3% |
| Total equity and liabilities | 10/49 | €92,924 | €128,713 | +€35,789 | +38.5% |
| Equity | 10/15 | €72,091 | €102,724 | +€30,633 | +42.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,091 | €97,724 | +€30,633 | +45.7% |
| Distributable reserves | 133 | €67,091 | €97,724 | +€30,633 | +45.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,833 | €25,989 | +€5,156 | +24.8% |
| Amounts payable within one year | 42/48 | €20,833 | €25,989 | +€5,156 | +24.8% |
| Trade debts | 44 | €6,212 | €13,409 | +€7,197 | +115.8% |
| Suppliers | 440/4 | €6,212 | €13,409 | +€7,197 | +115.8% |
| Taxes, remuneration and social security | 45 | €10,123 | €11,747 | +€1,624 | +16.0% |
| Taxes | 450/3 | €10,123 | €11,747 | +€1,624 | +16.0% |
| Other amounts payable | 47/48 | €4,497 | €833 | -€3,664 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €1,460 | +€540 | +58.6% |
| Other operating charges | 640/8 | €1,520 | €1,392 | -€128 | -8.4% |
| Gross operating margin | 9900 | €32,723 | €48,864 | +€16,141 | +49.3% |
| Operating profit (loss) | 9901 | €30,282 | €46,011 | +€15,729 | +51.9% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €6,556 | €5,102 | -€1,453 | -22.2% |
| Recurring financial charges | 65 | €6,556 | €5,102 | -€1,453 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €23,727 | €40,955 | +€17,228 | +72.6% |
| Income taxes | 67/77 | €5,932 | €9,489 | +€3,557 | +60.0% |
| Profit (loss) for the period | 9904 | €17,794 | €31,466 | +€13,671 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,794 | €31,466 | +€13,671 | +76.8% |
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 7 October 2026 via checked.be.