ARIA - STAR: 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.
ARIA - STAR
Largest movements
- Stocks and contracts -€853
down €853 (-3.0%), from €28,658 to €27,805
- Cash +€727
up €727 (+4.1%), from €17,594 to €18,321
mainly Net result for the year (+€11,680) and Stocks and contracts (+€853)
- Tangible fixed assets -€477
no longer reported in 2025 (was €477)
of which Plant, machinery and equipment: -€302
- Other debts -€12,955
down €12,955 (-27.8%), from €46,552 to €33,597
- Profit (loss) carried forward +€11,680
up €11,680 (+61.4%), from -€19,036 to -€7,356
- Purchases and services +€174,264
new in 2025: €174,264
- Gross operating margin +€13,318
up €13,318 (+1012.8%), from €1,315 to €14,633
- Depreciation +€477
new in 2025: €477
- Other operating charges -€477
down €477 (-17.7%), from €2,697 to €2,220
- Financial charges +€147
up €147 (+68.1%), from €216 to €363
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 | €46,764 | €46,161 | -€603 | -1.3% |
| Fixed assets | 21/28 | €512 | €35 | -€477 | -93.2% |
| Tangible fixed assets | 22/27 | €477 | - | -€477 | |
| Plant, machinery and equipment | 23 | €302 | - | -€302 | |
| Furniture and vehicles | 24 | €175 | - | -€175 | |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €46,252 | €46,126 | -€126 | -0.3% |
| Stocks and contracts in progress | 3 | €28,658 | €27,805 | -€853 | -3.0% |
| Stocks | 30/36 | €28,658 | €27,805 | -€853 | -3.0% |
| Cash at bank and in hand | 54/58 | €17,594 | €18,321 | +€727 | +4.1% |
| Total equity and liabilities | 10/49 | €46,764 | €46,161 | -€603 | -1.3% |
| Equity | 10/15 | -€236 | €11,444 | +€11,680 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,036 | -€7,356 | +€11,680 | +61.4% |
| Amounts payable | 17/49 | €47,000 | €34,717 | -€12,283 | -26.1% |
| Amounts payable within one year | 42/48 | €47,000 | €34,717 | -€12,283 | -26.1% |
| Trade debts | 44 | €80 | €481 | +€401 | +501.3% |
| Suppliers | 440/4 | €80 | €481 | +€401 | +501.3% |
| Taxes, remuneration and social security | 45 | €368 | €639 | +€271 | +73.6% |
| Taxes | 450/3 | €368 | €639 | +€271 | +73.6% |
| Other amounts payable | 47/48 | €46,552 | €33,597 | -€12,955 | -27.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €174,264 | +€174,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €477 | +€477 | |
| Other operating charges | 640/8 | €2,697 | €2,220 | -€477 | -17.7% |
| Gross operating margin | 9900 | €1,315 | €14,633 | +€13,318 | +1012.8% |
| Operating profit (loss) | 9901 | -€1,382 | €11,936 | +€13,318 | |
| Financial income | 75/76B | €23 | €107 | +€84 | +365.2% |
| Recurring financial income | 75 | €23 | €107 | +€84 | +365.2% |
| Financial charges | 65/66B | €216 | €363 | +€147 | +68.1% |
| Recurring financial charges | 65 | €216 | €363 | +€147 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,575 | €11,680 | +€13,255 | |
| Profit (loss) for the period | 9904 | -€1,575 | €11,680 | +€13,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,575 | €11,680 | +€13,255 |
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 5 October 2026 via checked.be.