Ariane Project: 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.
Ariane Project
Largest movements
- Intangible fixed assets +€77,530
up €77,530 (+18.4%), from €420,405 to €497,935
- Other debts +€84,159
up €84,159 (+27.1%), from €310,100 to €394,259
- Trade debts -€68,139
down €68,139 (-98.3%), from €69,330 to €1,191
- Tax, wage and social debts +€27,196
up €27,196 (+83.4%), from €32,602 to €59,798
of which Remuneration and social security: +€13,613
- Profit (loss) carried forward +€18,417
up €18,417 (+73.5%), from €25,052 to €43,469
- Short-term financial debts +€8,129
up €8,129 (+20.0%), from €40,597 to €48,726
- Gross operating margin +€65,162
up €65,162 (+23.2%), from €280,309 to €345,472
- Depreciation +€44,361
up €44,361 (+48.0%), from €92,427 to €136,788
- Staff costs +€8,044
up €8,044 (+4.5%), from €177,417 to €185,460
- Financial charges +€4,664
up €4,664 (+168%), from €2,772 to €7,437
From the 2023 result to the 2024 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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,680 | €581,963 | +€74,283 | +14.6% |
| Formation expenses | 20 | €430 | €215 | -€215 | -50.0% |
| Fixed assets | 21/28 | €422,062 | €499,592 | +€77,530 | +18.4% |
| Intangible fixed assets | 21 | €420,405 | €497,935 | +€77,530 | +18.4% |
| Financial fixed assets | 28 | €1,657 | €1,657 | = | 0.0% |
| Current assets | 29/58 | €85,188 | €82,156 | -€3,032 | -3.6% |
| Amounts receivable within one year | 40/41 | €85,188 | €81,305 | -€3,883 | -4.6% |
| Trade receivables | 40 | €76,843 | €16,778 | -€60,065 | -78.2% |
| Other amounts receivable | 41 | €8,345 | €64,527 | +€56,182 | +673% |
| Deferred charges and accrued income | 490/1 | - | €851 | +€851 | |
| Total equity and liabilities | 10/49 | €507,680 | €581,963 | +€74,283 | +14.6% |
| Equity | 10/15 | €55,052 | €73,469 | +€18,417 | +33.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,052 | €43,469 | +€18,417 | +73.5% |
| Amounts payable | 17/49 | €452,628 | €508,495 | +€55,866 | +12.3% |
| Amounts payable within one year | 42/48 | €452,628 | €503,974 | +€51,345 | +11.3% |
| Financial debts | 43 | €40,597 | €48,726 | +€8,129 | +20.0% |
| Credit institutions | 430/8 | €40,597 | €48,726 | +€8,129 | +20.0% |
| Trade debts | 44 | €69,330 | €1,191 | -€68,139 | -98.3% |
| Suppliers | 440/4 | €69,330 | €1,191 | -€68,139 | -98.3% |
| Taxes, remuneration and social security | 45 | €32,602 | €59,798 | +€27,196 | +83.4% |
| Taxes | 450/3 | €15,183 | €28,767 | +€13,583 | +89.5% |
| Remuneration and social security | 454/9 | €17,419 | €31,031 | +€13,613 | +78.2% |
| Other amounts payable | 47/48 | €310,100 | €394,259 | +€84,159 | +27.1% |
| Accrued charges and deferred income | 492/3 | - | €4,521 | +€4,521 | |
| Remuneration, social security and pensions | 62 | €177,417 | €185,460 | +€8,044 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,427 | €136,788 | +€44,361 | +48.0% |
| Other operating charges | 640/8 | - | €500 | +€500 | |
| Gross operating margin | 9900 | €280,309 | €345,472 | +€65,162 | +23.2% |
| Operating profit (loss) | 9901 | €10,466 | €22,723 | +€12,258 | +117% |
| Financial income | 75/76B | - | €3,130 | +€3,130 | |
| Recurring financial income | 75 | - | €3,130 | +€3,130 | |
| Financial charges | 65/66B | €2,772 | €7,437 | +€4,664 | +168% |
| Recurring financial charges | 65 | €2,772 | €7,437 | +€4,664 | +168% |
| Profit (loss) for the period before taxes | 9903 | €7,693 | €18,417 | +€10,723 | +139% |
| Profit (loss) for the period | 9904 | €7,693 | €18,417 | +€10,723 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €7,693 | €18,417 | +€10,723 | +139% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.