ARIANE: 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.
ARIANE
Largest movements
- Cash -€42,318
down €42,318 (-12.9%), from €328,238 to €285,920
mainly Accrued charges and deferred income (-€24,422) and Deferred charges and accrued income (-€17,300)
- Deferred charges and accrued income +€17,300
up €17,300 (+56.2%), from €30,770 to €48,070
- Tangible fixed assets +€3,850
up €3,850 (+487.3%), from €790 to €4,641
of which Plant, machinery and equipment: +€4,188
- Accrued charges and deferred income -€24,422
down €24,422 (-86.1%), from €28,374 to €3,952
- Profit (loss) carried forward +€7,447
up €7,447 (+2.6%), from €283,287 to €290,734
- Gross operating margin +€11,350
up €11,350 (+3.2%), from €359,686 to €371,036
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 | €362,358 | €342,407 | -€19,951 | -5.5% |
| Fixed assets | 21/28 | €840 | €4,691 | +€3,850 | +458.3% |
| Tangible fixed assets | 22/27 | €790 | €4,641 | +€3,850 | +487.3% |
| Plant, machinery and equipment | 23 | €0 | €4,188 | +€4,188 | |
| Furniture and vehicles | 24 | €790 | €452 | -€338 | -42.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €361,518 | €337,717 | -€23,801 | -6.6% |
| Amounts receivable within one year | 40/41 | €2,510 | €3,726 | +€1,216 | +48.5% |
| Trade receivables | 40 | €2,510 | €3,726 | +€1,216 | +48.5% |
| Cash at bank and in hand | 54/58 | €328,238 | €285,920 | -€42,318 | -12.9% |
| Deferred charges and accrued income | 490/1 | €30,770 | €48,070 | +€17,300 | +56.2% |
| Total equity and liabilities | 10/49 | €362,358 | €342,407 | -€19,951 | -5.5% |
| Equity | 10/15 | €283,287 | €290,734 | +€7,447 | +2.6% |
| Profit (loss) carried forward | 14 | €283,287 | €290,734 | +€7,447 | +2.6% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €79,071 | €51,673 | -€27,398 | -34.6% |
| Amounts payable within one year | 42/48 | €50,697 | €47,721 | -€2,976 | -5.9% |
| Trade debts | 44 | €403 | €13 | -€390 | -96.7% |
| Suppliers | 440/4 | €403 | €13 | -€390 | -96.7% |
| Taxes, remuneration and social security | 45 | €50,294 | €47,707 | -€2,586 | -5.1% |
| Taxes | 450/3 | €2,982 | - | -€2,982 | |
| Remuneration and social security | 454/9 | €47,311 | €47,707 | +€396 | +0.8% |
| Accrued charges and deferred income | 492/3 | €28,374 | €3,952 | -€24,422 | -86.1% |
| Remuneration, social security and pensions | 62 | €364,284 | €362,526 | -€1,758 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €472 | -€415 | -46.7% |
| Other operating charges | 640/8 | €3,615 | €361 | -€3,254 | -90.0% |
| Gross operating margin | 9900 | €359,686 | €371,036 | +€11,350 | +3.2% |
| Operating profit (loss) | 9901 | -€9,100 | €7,677 | +€16,776 | |
| Financial income | 75/76B | €0 | €55 | +€55 | +549900.0% |
| Recurring financial income | 75 | €0 | €55 | +€55 | +549900.0% |
| Financial charges | 65/66B | €339 | €285 | -€54 | -16.0% |
| Recurring financial charges | 65 | €339 | €285 | -€54 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,439 | €7,447 | +€16,886 | |
| Profit (loss) for the period | 9904 | -€9,439 | €7,447 | +€16,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,439 | €7,447 | +€16,886 |
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.