ARIANE HOLDING: 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.
What changed
ARIANE HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,372
2024 · €465,051-€398,679
Equity
€10.7m
2024 · €10.7m+€19,399
Cash
€441,772
2024 · €265,313+€176,460
Balance sheet total
€16.3m
2024 · €16.5m-€197,332
Largest movements
Assets
- Tangible fixed assets -€436,395
down €436,395 (-4.0%), from €10.8m to €10.4m
of which Land and buildings: -€438,307
- Cash +€176,460
up €176,460 (+66.5%), from €265,313 to €441,772
mainly Depreciation (+€438,913) and Net result for the year (+€66,372)
Equity and liabilities
- Debts after one year -€188,354
down €188,354 (-4.0%), from €4.7m to €4.5m
of which Financial debts: -€188,354
Income statement
- Financial charges +€252,279
up €252,279 (+306%), from €82,535 to €334,815
- Financial income -€220,441
down €220,441 (-37.3%), from €591,496 to €371,055
of which Financial income: -€220,441
- Gross operating margin +€90,853
up €90,853 (+20.9%), from €434,889 to €525,743
- Other operating charges +€26,828
up €26,828 (+91.9%), from €29,181 to €56,010
- Write-downs +€25,657
up €25,657, from -€7,830 to €17,827
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.
Result 2024
€465,051
Gross operating margin
+€90,853
Depreciation
-€1,074
Write-downs
-€25,657
Other operating charges
-€26,828
Other operating items
+€23,612
Financial income
-€220,441
Financial charges
-€252,279
Taxes
+€13,135
Result 2025
€66,372
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€370,358
Investment
+€39,398
Financing
-€233,296
Cash 2024
€265,313
From operations (derived)
+€370,358
Net result for the year
+€66,372
Depreciation
+€438,913
Receivables within one year
-€62,398
Deferred charges and accrued income
-€42,122
Provisions
-€76,111
Trade debts
-€2,436
Tax, wage and social debts
-€18,557
Advances received
+€12,050
Other debts
+€27,280
Accrued charges and deferred income
+€27,366
Investment (derived)
+€39,398
Investment in fixed assets (net)
-€2,518
Current investments
+€41,916
Financing
-€233,296
Debts after one year
-€188,354
Current portion of long-term debt
+€2,031
Contributions, distributions and other
-€46,973
Cash 2025
€441,772
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,495,838 | €16,298,506 | -€197,332 | -1.2% |
| Fixed assets | 21/28 | €10,816,968 | €10,380,573 | -€436,395 | -4.0% |
| Tangible fixed assets | 22/27 | €10,816,968 | €10,380,573 | -€436,395 | -4.0% |
| Land and buildings | 22 | €10,816,009 | €10,377,702 | -€438,307 | -4.1% |
| Plant, machinery and equipment | 23 | €959 | €2,871 | +€1,912 | +199% |
| Current assets | 29/58 | €5,678,870 | €5,917,934 | +€239,063 | +4.2% |
| Amounts receivable within one year | 40/41 | €218,984 | €281,382 | +€62,398 | +28.5% |
| Trade receivables | 40 | €12,968 | €127,318 | +€114,351 | +882% |
| Other amounts receivable | 41 | €206,017 | €154,064 | -€51,953 | -25.2% |
| Current investments | 50/53 | €5,193,433 | €5,151,517 | -€41,916 | -0.8% |
| Cash at bank and in hand | 54/58 | €265,313 | €441,772 | +€176,460 | +66.5% |
| Deferred charges and accrued income | 490/1 | €1,140 | €43,262 | +€42,122 | +3,694% |
| Total equity and liabilities | 10/49 | €16,495,838 | €16,298,506 | -€197,332 | -1.2% |
| Equity | 10/15 | €10,658,837 | €10,678,236 | +€19,399 | +0.2% |
| Contributions | 10/11 | €3,493,282 | €3,493,282 | = | 0.0% |
| Capital | 10 | €3,493,282 | €3,493,282 | = | 0.0% |
| Issued capital | 100 | €3,493,282 | €3,493,282 | = | 0.0% |
| Reserves | 13 | €7,165,555 | €7,184,954 | +€19,399 | +0.3% |
| Non-distributable reserves | 130/1 | €349,328 | €349,328 | = | 0.0% |
| Legal reserve | 130 | €349,328 | €349,328 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,710,877 | €2,305,723 | -€405,154 | -14.9% |
| Distributable reserves | 133 | €4,105,350 | €4,529,902 | +€424,553 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €805,392 | €729,281 | -€76,111 | -9.5% |
| Deferred taxes | 168 | €805,392 | €729,281 | -€76,111 | -9.5% |
| Amounts payable | 17/49 | €5,031,609 | €4,890,990 | -€140,619 | -2.8% |
| Amounts payable after more than one year | 17 | €4,716,282 | €4,527,928 | -€188,354 | -4.0% |
| Financial debts | 170/4 | €4,709,222 | €4,520,868 | -€188,354 | -4.0% |
| Other amounts payable | 178/9 | €7,060 | €7,060 | = | 0.0% |
| Amounts payable within one year | 42/48 | €315,327 | €335,696 | +€20,369 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €186,323 | €188,354 | +€2,031 | +1.1% |
| Trade debts | 44 | €22,173 | €19,737 | -€2,436 | -11.0% |
| Suppliers | 440/4 | €22,173 | €19,737 | -€2,436 | -11.0% |
| Advances received on contracts in progress | 46 | - | €12,050 | +€12,050 | |
| Taxes, remuneration and social security | 45 | €42,165 | €23,608 | -€18,557 | -44.0% |
| Taxes | 450/3 | €42,165 | €23,608 | -€18,557 | -44.0% |
| Other amounts payable | 47/48 | €64,667 | €91,947 | +€27,280 | +42.2% |
| Accrued charges and deferred income | 492/3 | - | €27,366 | +€27,366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437,839 | €438,913 | +€1,074 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,830 | €17,827 | +€25,657 | |
| Other operating charges | 640/8 | €29,181 | €56,010 | +€26,828 | +91.9% |
| Non-recurring operating charges | 66A | €23,612 | €0 | -€23,612 | -100% |
| Gross operating margin | 9900 | €434,889 | €525,743 | +€90,853 | +20.9% |
| Operating profit (loss) | 9901 | -€47,913 | €12,993 | +€60,906 | |
| Financial income | 75/76B | €591,496 | €371,055 | -€220,441 | -37.3% |
| Recurring financial income | 75 | €591,496 | €371,055 | -€220,441 | -37.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €82,535 | €334,815 | +€252,279 | +306% |
| Recurring financial charges | 65 | €82,535 | €334,815 | +€252,279 | +306% |
| Profit (loss) for the period before taxes | 9903 | €461,047 | €49,233 | -€411,814 | -89.3% |
| Transfer from deferred taxes | 780 | €76,111 | €76,111 | = | 0.0% |
| Income taxes | 67/77 | €72,108 | €58,972 | -€13,135 | -18.2% |
| Profit (loss) for the period | 9904 | €465,051 | €66,372 | -€398,679 | -85.7% |
| Transfer from tax-exempt reserves | 789 | €228,334 | €438,834 | +€210,500 | +92.2% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €33,680 | -€50,520 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €609,185 | €471,526 | -€137,659 | -22.6% |
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 25 October 2026 via checked.be.