ARI INVEST: 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.
ARI INVEST
Largest movements
- Receivables within one year +€101,680
up €101,680 (+220%), from €46,234 to €147,914
of which Other amounts receivable: +€76,209
- Cash -€18,414
down €18,414 (-33.6%), from €54,757 to €36,343
mainly Receivables within one year (-€101,680) and Net result for the year (-€4,180)
- Tax, wage and social debts +€86,805
up €86,805 (+262%), from €33,193 to €119,998
of which Taxes: +€83,669
- Profit (loss) carried forward -€4,180
down €4,180 (-8.6%), from €48,428 to €44,247
- Other debts +€2,791
up €2,791 (+8.5%), from €32,930 to €35,720
- Gross operating margin +€151,565
up €151,565 (+62.2%), from €243,828 to €395,393
- Taxes +€62,114
up €62,114 (+1,780%), from €3,489 to €65,603
- Staff costs +€60,002
up €60,002 (+28.0%), from €214,374 to €274,376
- Other operating charges +€29,063
up €29,063 (+337%), from €8,619 to €37,683
- Financial charges +€6,275
up €6,275 (+58.0%), from €10,811 to €17,086
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 | €155,680 | €239,965 | +€84,285 | +54.1% |
| Fixed assets | 21/28 | €50,587 | €49,527 | -€1,060 | -2.1% |
| Tangible fixed assets | 22/27 | €11,387 | €10,327 | -€1,060 | -9.3% |
| Plant, machinery and equipment | 23 | €1,461 | €4,052 | +€2,591 | +177% |
| Furniture and vehicles | 24 | €9,926 | €6,276 | -€3,651 | -36.8% |
| Financial fixed assets | 28 | €39,200 | €39,200 | = | 0.0% |
| Current assets | 29/58 | €105,093 | €190,438 | +€85,345 | +81.2% |
| Amounts receivable within one year | 40/41 | €46,234 | €147,914 | +€101,680 | +220% |
| Trade receivables | 40 | €6,416 | €31,887 | +€25,471 | +397% |
| Other amounts receivable | 41 | €39,818 | €116,027 | +€76,209 | +191% |
| Cash at bank and in hand | 54/58 | €54,757 | €36,343 | -€18,414 | -33.6% |
| Deferred charges and accrued income | 490/1 | €4,102 | €6,181 | +€2,079 | +50.7% |
| Total equity and liabilities | 10/49 | €155,680 | €239,965 | +€84,285 | +54.1% |
| Equity | 10/15 | €57,928 | €53,747 | -€4,180 | -7.2% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,428 | €44,247 | -€4,180 | -8.6% |
| Amounts payable | 17/49 | €97,752 | €186,218 | +€88,466 | +90.5% |
| Amounts payable within one year | 42/48 | €97,752 | €186,218 | +€88,466 | +90.5% |
| Trade debts | 44 | €31,629 | €30,500 | -€1,130 | -3.6% |
| Suppliers | 440/4 | €31,629 | €30,500 | -€1,130 | -3.6% |
| Taxes, remuneration and social security | 45 | €33,193 | €119,998 | +€86,805 | +262% |
| Taxes | 450/3 | €20,486 | €104,156 | +€83,669 | +408% |
| Remuneration and social security | 454/9 | €12,707 | €15,843 | +€3,136 | +24.7% |
| Other amounts payable | 47/48 | €32,930 | €35,720 | +€2,791 | +8.5% |
| Remuneration, social security and pensions | 62 | €214,374 | €274,376 | +€60,002 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,225 | €4,826 | +€601 | +14.2% |
| Other operating charges | 640/8 | €8,619 | €37,683 | +€29,063 | +337% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €243,828 | €395,393 | +€151,565 | +62.2% |
| Operating profit (loss) | 9901 | €16,610 | €78,509 | +€61,899 | +373% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,811 | €17,086 | +€6,275 | +58.0% |
| Recurring financial charges | 65 | €10,811 | €17,086 | +€6,275 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €5,800 | €61,423 | +€55,623 | +959% |
| Income taxes | 67/77 | €3,489 | €65,603 | +€62,114 | +1,780% |
| Profit (loss) for the period | 9904 | €2,310 | -€4,180 | -€6,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,310 | -€4,180 | -€6,491 |
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 1 November 2026 via checked.be.