ARIANE WILLEMS: 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 WILLEMS
Largest movements
- Tangible fixed assets -€22,404
down €22,404 (-10.7%), from €208,499 to €186,096
of which Furniture and vehicles: -€16,528
- Cash -€7,700
down €7,700 (-51.1%), from €15,073 to €7,373
mainly Contributions, distributions and other (-€61,805) and Debts after one year (-€24,510)
- Debts after one year -€24,510
down €24,510 (-18.0%), from €136,279 to €111,770
- Reserves -€9,724
down €9,724 (-2.5%), from €386,624 to €376,900
- Tax, wage and social debts +€8,625
up €8,625 (+10.7%), from €80,785 to €89,410
of which Taxes: +€8,129
- Gross operating margin +€49,441
up €49,441 (+125%), from €39,417 to €88,858
- Taxes +€18,843
up €18,843 (+155%), from €12,118 to €30,961
- Financial income -€1,749
down €1,749 (-6.3%), from €27,852 to €26,103
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,599 | €744,408 | -€23,191 | -3.0% |
| Fixed assets | 21/28 | €208,499 | €186,096 | -€22,404 | -10.7% |
| Tangible fixed assets | 22/27 | €208,499 | €186,096 | -€22,404 | -10.7% |
| Land and buildings | 22 | €130,369 | €125,998 | -€4,371 | -3.4% |
| Furniture and vehicles | 24 | €60,389 | €43,861 | -€16,528 | -27.4% |
| Other tangible fixed assets | 26 | €17,742 | €16,237 | -€1,506 | -8.5% |
| Current assets | 29/58 | €559,099 | €558,313 | -€787 | -0.1% |
| Amounts receivable within one year | 40/41 | €541,429 | €548,466 | +€7,037 | +1.3% |
| Trade receivables | 40 | €52,600 | €73,114 | +€20,514 | +39.0% |
| Other amounts receivable | 41 | €488,829 | €475,352 | -€13,477 | -2.8% |
| Cash at bank and in hand | 54/58 | €15,073 | €7,373 | -€7,700 | -51.1% |
| Deferred charges and accrued income | 490/1 | €2,597 | €2,474 | -€124 | -4.8% |
| Total equity and liabilities | 10/49 | €767,599 | €744,408 | -€23,191 | -3.0% |
| Equity | 10/15 | €526,022 | €516,299 | -€9,724 | -1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €386,624 | €376,900 | -€9,724 | -2.5% |
| Distributable reserves | 133 | €386,624 | €376,900 | -€9,724 | -2.5% |
| Profit (loss) carried forward | 14 | €126,998 | €126,998 | = | 0.0% |
| Amounts payable | 17/49 | €241,576 | €228,110 | -€13,467 | -5.6% |
| Amounts payable after more than one year | 17 | €136,279 | €111,770 | -€24,510 | -18.0% |
| Financial debts | 170/4 | €136,279 | €111,770 | -€24,510 | -18.0% |
| Amounts payable within one year | 42/48 | €105,267 | €116,340 | +€11,073 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €23,610 | €24,510 | +€900 | +3.8% |
| Financial debts | 43 | €170 | €55 | -€116 | -68.0% |
| Credit institutions | 430/8 | €170 | €55 | -€116 | -68.0% |
| Trade debts | 44 | €702 | €2,366 | +€1,664 | +237% |
| Suppliers | 440/4 | €702 | €2,366 | +€1,664 | +237% |
| Taxes, remuneration and social security | 45 | €80,785 | €89,410 | +€8,625 | +10.7% |
| Taxes | 450/3 | €79,025 | €87,154 | +€8,129 | +10.3% |
| Remuneration and social security | 454/9 | €1,760 | €2,256 | +€496 | +28.2% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,157 | €22,404 | +€246 | +1.1% |
| Other operating charges | 640/8 | €2,757 | €3,111 | +€354 | +12.8% |
| Gross operating margin | 9900 | €39,417 | €88,858 | +€49,441 | +125% |
| Operating profit (loss) | 9901 | €14,503 | €63,343 | +€48,840 | +337% |
| Financial income | 75/76B | €27,852 | €26,103 | -€1,749 | -6.3% |
| Recurring financial income | 75 | €27,852 | €26,103 | -€1,749 | -6.3% |
| Financial charges | 65/66B | €6,693 | €6,404 | -€288 | -4.3% |
| Recurring financial charges | 65 | €6,693 | €6,404 | -€288 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €35,662 | €83,042 | +€47,380 | +133% |
| Income taxes | 67/77 | €12,118 | €30,961 | +€18,843 | +155% |
| Profit (loss) for the period | 9904 | €23,544 | €52,081 | +€28,537 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €23,544 | €52,081 | +€28,537 | +121% |
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 30 October 2026 via checked.be.