ARIANE BUILDING: 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 BUILDING
Largest movements
- Tangible fixed assets +€938,310
up €938,310 (+6.0%), from €15.6m to €16.6m
of which Leasing and similar rights: +€960,036
- Receivables within one year +€656,881
up €656,881 (+38.6%), from €1.7m to €2.4m
of which Other amounts receivable: +€974,243
- Cash -€194,811
down €194,811 (-100.0%), from €194,811 to €0
mainly Investment in fixed assets (net) (-€3.1m) and Debts after one year (-€940,682)
- Profit (loss) carried forward +€2.3m
up €2.3m (+5.7%), from -€41.3m to -€39.0m
- Debts after one year -€940,682
down €940,682 (-17.3%), from €5.4m to €4.5m
of which Financial debts: -€940,682
- Trade debts -€229,841
down €229,841 (-22.8%), from €1.0m to €777,477
- Gross operating margin +€2.6m
up €2.6m (+65.5%), from €3.9m to €6.5m
- Financial charges -€409,609
down €409,609 (-99.7%), from €410,760 to €1,151
- Taxes +€143,126
new in 2025: €143,126
- Purchases and services +€99,200
up €99,200 (+21.4%), from €462,980 to €562,180
- Turnover +€77,157
up €77,157 (+3.1%), from €2.5m to €2.6m
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 | €17,712,647 | €19,093,343 | +€1.4m | +7.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,628,445 | €16,566,756 | +€938,310 | +6.0% |
| Tangible fixed assets | 22/27 | €15,628,445 | €16,566,756 | +€938,310 | +6.0% |
| Land and buildings | 22 | €7,580,000 | €7,580,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,569 | €756 | -€1,814 | -70.6% |
| Leasing and similar rights | 25 | €7,855,256 | €8,815,292 | +€960,036 | +12.2% |
| Other tangible fixed assets | 26 | €161,531 | €170,708 | +€9,177 | +5.7% |
| Assets under construction and advance payments | 27 | €29,089 | €0 | -€29,089 | -100.0% |
| Current assets | 29/58 | €2,084,201 | €2,526,587 | +€442,386 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,701,796 | €2,358,678 | +€656,881 | +38.6% |
| Trade receivables | 40 | €772,223 | €454,861 | -€317,362 | -41.1% |
| Other amounts receivable | 41 | €929,573 | €1,903,816 | +€974,243 | +104.8% |
| Cash at bank and in hand | 54/58 | €194,811 | €0 | -€194,811 | -100.0% |
| Deferred charges and accrued income | 490/1 | €187,594 | €167,910 | -€19,684 | -10.5% |
| Total equity and liabilities | 10/49 | €17,712,647 | €19,093,343 | +€1.4m | +7.8% |
| Equity | 10/15 | €10,394,837 | €12,731,044 | +€2.3m | +22.5% |
| Contributions | 10/11 | €51,653,768 | €51,653,768 | = | 0.0% |
| Capital | 10 | €51,653,768 | €51,653,768 | = | 0.0% |
| Issued capital | 100 | €51,653,768 | €51,653,768 | = | 0.0% |
| Reserves | 13 | €38,723 | €38,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,723 | €38,723 | = | 0.0% |
| Legal reserve | 130 | €38,723 | €38,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,297,654 | -€38,961,447 | +€2.3m | +5.7% |
| Amounts payable | 17/49 | €7,317,810 | €6,362,299 | -€955,511 | -13.1% |
| Amounts payable after more than one year | 17 | €5,431,569 | €4,490,887 | -€940,682 | -17.3% |
| Financial debts | 170/4 | €5,389,746 | €4,449,064 | -€940,682 | -17.5% |
| Other amounts payable | 178/9 | €41,823 | €41,823 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,886,173 | €1,871,339 | -€14,834 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €878,855 | €940,682 | +€61,827 | +7.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,007,319 | €777,477 | -€229,841 | -22.8% |
| Suppliers | 440/4 | €1,007,319 | €777,477 | -€229,841 | -22.8% |
| Taxes, remuneration and social security | 45 | €0 | €153,180 | +€153,180 | |
| Taxes | 450/3 | €0 | €153,180 | +€153,180 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €68 | €73 | +€5 | +8.0% |
| Turnover | 70 | €2,493,185 | €2,570,342 | +€77,157 | +3.1% |
| Non-recurring operating income | 76A | €414,030 | €3,041,876 | +€2.6m | +634.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €462,980 | €562,180 | +€99,200 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,133,111 | €2,138,213 | +€5,102 | +0.2% |
| Other operating charges | 640/8 | €1,901,558 | €1,947,451 | +€45,893 | +2.4% |
| Non-recurring operating charges | 66A | €27,127 | - | -€27,127 | |
| Gross operating margin | 9900 | €3,947,319 | €6,533,352 | +€2.6m | +65.5% |
| Operating profit (loss) | 9901 | -€114,476 | €2,447,688 | +€2.6m | |
| Financial income | 75/76B | €21,129 | €32,795 | +€11,666 | +55.2% |
| Recurring financial income | 75 | €21,129 | €32,795 | +€11,666 | +55.2% |
| Financial charges | 65/66B | €410,760 | €1,151 | -€409,609 | -99.7% |
| Recurring financial charges | 65 | €410,760 | €1,151 | -€409,609 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€504,107 | €2,479,333 | +€3.0m | |
| Income taxes | 67/77 | - | €143,126 | +€143,126 | |
| Profit (loss) for the period | 9904 | -€504,107 | €2,336,207 | +€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€504,107 | €2,336,207 | +€2.8m |
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 6 October 2026 via checked.be.