Ariadne: 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.
Ariadne
Largest movements
- Receivables within one year +€116,504
up €116,504 (+3933.2%), from €2,962 to €119,466
of which Other amounts receivable: +€119,466
- Cash +€110,089
up €110,089 (+11.1%), from €993,129 to €1.1m
mainly Other debts (+€295,139) and Net result for the year (+€289,757)
- Other debts +€295,139
up €295,139 (+1781.8%), from €16,564 to €311,702
- Reserves -€33,202
down €33,202 (-2.2%), from €1.5m to €1.4m
of which Distributable reserves: -€33,202
- Debts after one year -€24,270
down €24,270 (-36.3%), from €66,771 to €42,500
- Financial income +€101,385
up €101,385 (+116.3%), from €87,174 to €188,558
- Gross operating margin -€51,048
down €51,048 (-19.8%), from €258,071 to €207,023
- Taxes -€10,268
down €10,268 (-12.6%), from €81,545 to €71,277
- Financial charges +€6,745
up €6,745 (+167.9%), from €4,017 to €10,761
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 | €1,672,630 | €1,882,054 | +€209,425 | +12.5% |
| Fixed assets | 21/28 | €675,813 | €657,321 | -€18,492 | -2.7% |
| Tangible fixed assets | 22/27 | €392,563 | €374,071 | -€18,492 | -4.7% |
| Land and buildings | 22 | €382,316 | €367,694 | -€14,622 | -3.8% |
| Plant, machinery and equipment | 23 | €3,632 | €2,834 | -€798 | -22.0% |
| Furniture and vehicles | 24 | €6,614 | €3,543 | -€3,072 | -46.4% |
| Financial fixed assets | 28 | €283,250 | €283,250 | = | 0.0% |
| Current assets | 29/58 | €996,817 | €1,224,734 | +€227,917 | +22.9% |
| Amounts receivable within one year | 40/41 | €2,962 | €119,466 | +€116,504 | +3933.2% |
| Trade receivables | 40 | €2,962 | €0 | -€2,962 | -100.0% |
| Other amounts receivable | 41 | - | €119,466 | +€119,466 | |
| Cash at bank and in hand | 54/58 | €993,129 | €1,103,219 | +€110,089 | +11.1% |
| Deferred charges and accrued income | 490/1 | €725 | €2,049 | +€1,324 | +182.6% |
| Total equity and liabilities | 10/49 | €1,672,630 | €1,882,054 | +€209,425 | +12.5% |
| Equity | 10/15 | €1,489,033 | €1,455,830 | -€33,202 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,476,633 | €1,443,430 | -€33,202 | -2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,281 | €1,281 | = | 0.0% |
| Distributable reserves | 133 | €1,473,491 | €1,440,289 | -€33,202 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,597 | €426,224 | +€242,627 | +132.2% |
| Amounts payable after more than one year | 17 | €66,771 | €42,500 | -€24,270 | -36.3% |
| Financial debts | 170/4 | €66,771 | €42,500 | -€24,270 | -36.3% |
| Amounts payable within one year | 42/48 | €116,826 | €383,724 | +€266,898 | +228.5% |
| Current portion of amounts payable after more than one year | 42 | €34,699 | €24,270 | -€10,428 | -30.1% |
| Financial debts | 43 | €12,255 | €1,182 | -€11,073 | -90.4% |
| Credit institutions | 430/8 | €2,255 | €1,182 | -€1,073 | -47.6% |
| Other loans | 439 | €10,000 | €0 | -€10,000 | -100.0% |
| Trade debts | 44 | €502 | €3,109 | +€2,607 | +519.3% |
| Suppliers | 440/4 | €502 | €3,109 | +€2,607 | +519.3% |
| Taxes, remuneration and social security | 45 | €52,807 | €43,461 | -€9,347 | -17.7% |
| Taxes | 450/3 | €52,807 | €43,461 | -€9,347 | -17.7% |
| Other amounts payable | 47/48 | €16,564 | €311,702 | +€295,139 | +1781.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,543 | €19,856 | -€687 | -3.3% |
| Other operating charges | 640/8 | €5,168 | €3,929 | -€1,239 | -24.0% |
| Gross operating margin | 9900 | €258,071 | €207,023 | -€51,048 | -19.8% |
| Operating profit (loss) | 9901 | €232,360 | €183,238 | -€49,122 | -21.1% |
| Financial income | 75/76B | €87,174 | €188,558 | +€101,385 | +116.3% |
| Recurring financial income | 75 | €87,174 | €188,558 | +€101,385 | +116.3% |
| Financial charges | 65/66B | €4,017 | €10,761 | +€6,745 | +167.9% |
| Recurring financial charges | 65 | €4,017 | €10,761 | +€6,745 | +167.9% |
| Profit (loss) for the period before taxes | 9903 | €315,517 | €361,034 | +€45,518 | +14.4% |
| Income taxes | 67/77 | €81,545 | €71,277 | -€10,268 | -12.6% |
| Profit (loss) for the period | 9904 | €233,972 | €289,757 | +€55,785 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €233,972 | €289,757 | +€55,785 | +23.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.