ARIANNA: 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.
ARIANNA
Largest movements
- Cash -€195,904
down €195,904 (-53.8%), from €363,967 to €168,063
mainly Receivables within one year (-€146,355) and Debts after one year (-€32,125)
- Intangible fixed assets -€168,121
no longer reported in 2025 (was €168,121)
- Tangible fixed assets +€152,013
up €152,013 (+474.9%), from €32,008 to €184,021
of which Land and buildings: +€160,448
- Receivables within one year +€146,355
up €146,355 (+794.7%), from €18,417 to €164,772
of which Other amounts receivable: +€154,100
- Stocks and contracts -€9,100
down €9,100 (-38.6%), from €23,600 to €14,500
- Debts after one year -€32,125
down €32,125 (-42.1%), from €76,351 to €44,226
of which Financial debts: -€30,625
- Profit (loss) carried forward -€30,712
down €30,712, from €544 to -€30,167
- Trade debts -€6,990
down €6,990 (-98.2%), from €7,117 to €128
of which Bills of exchange payable: -€7,050
- Gross operating margin -€22,595
down €22,595, from €2,494 to -€20,101
- Purchases and services -€10,668
down €10,668 (-12.0%), from €89,029 to €78,361
- Taxes -€4,041
down €4,041 (-81.8%), from €4,941 to €900
- Financial income +€2,857
up €2,857 (+127.8%), from €2,236 to €5,093
- Depreciation -€2,391
down €2,391 (-20.0%), from €11,969 to €9,577
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 | €607,486 | €533,308 | -€74,178 | -12.2% |
| Fixed assets | 21/28 | €200,204 | €184,096 | -€16,109 | -8.0% |
| Intangible fixed assets | 21 | €168,121 | - | -€168,121 | |
| Tangible fixed assets | 22/27 | €32,008 | €184,021 | +€152,013 | +474.9% |
| Land and buildings | 22 | - | €160,448 | +€160,448 | |
| Plant, machinery and equipment | 23 | €15,442 | €13,354 | -€2,089 | -13.5% |
| Furniture and vehicles | 24 | €16,566 | €10,219 | -€6,346 | -38.3% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €407,282 | €349,213 | -€58,069 | -14.3% |
| Stocks and contracts in progress | 3 | €23,600 | €14,500 | -€9,100 | -38.6% |
| Stocks | 30/36 | €23,600 | €14,500 | -€9,100 | -38.6% |
| Amounts receivable within one year | 40/41 | €18,417 | €164,772 | +€146,355 | +794.7% |
| Trade receivables | 40 | €18,417 | €10,672 | -€7,745 | -42.1% |
| Other amounts receivable | 41 | - | €154,100 | +€154,100 | |
| Cash at bank and in hand | 54/58 | €363,967 | €168,063 | -€195,904 | -53.8% |
| Deferred charges and accrued income | 490/1 | €1,299 | €1,878 | +€580 | +44.6% |
| Total equity and liabilities | 10/49 | €607,486 | €533,308 | -€74,178 | -12.2% |
| Equity | 10/15 | €514,571 | €483,859 | -€30,712 | -6.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Uncalled capital | 101 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €504,027 | €504,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €454,027 | €454,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €544 | -€30,167 | -€30,712 | |
| Amounts payable | 17/49 | €92,916 | €49,449 | -€43,466 | -46.8% |
| Amounts payable after more than one year | 17 | €76,351 | €44,226 | -€32,125 | -42.1% |
| Financial debts | 170/4 | €74,851 | €44,226 | -€30,625 | -40.9% |
| Other amounts payable | 178/9 | €1,500 | - | -€1,500 | |
| Amounts payable within one year | 42/48 | €16,565 | €5,223 | -€11,341 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €3,892 | €5,096 | +€1,204 | +30.9% |
| Trade debts | 44 | €7,117 | €128 | -€6,990 | -98.2% |
| Suppliers | 440/4 | €67 | €128 | +€60 | +89.5% |
| Bills of exchange payable | 441 | €7,050 | - | -€7,050 | |
| Taxes, remuneration and social security | 45 | €2,048 | - | -€2,048 | |
| Taxes | 450/3 | €2,048 | - | -€2,048 | |
| Other amounts payable | 47/48 | €3,508 | - | -€3,508 | |
| Goods, raw materials, services and sundry goods | 60/61 | €89,029 | €78,361 | -€10,668 | -12.0% |
| Remuneration, social security and pensions | 62 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,969 | €9,577 | -€2,391 | -20.0% |
| Other operating charges | 640/8 | €2,308 | €1,961 | -€348 | -15.1% |
| Gross operating margin | 9900 | €2,494 | -€20,101 | -€22,595 | |
| Operating profit (loss) | 9901 | -€11,803 | -€31,639 | -€19,837 | -168.1% |
| Financial income | 75/76B | €2,236 | €5,093 | +€2,857 | +127.8% |
| Recurring financial income | 75 | €2,236 | €5,093 | +€2,857 | +127.8% |
| Financial charges | 65/66B | €3,345 | €3,266 | -€80 | -2.4% |
| Recurring financial charges | 65 | €3,345 | €3,266 | -€80 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,912 | -€29,812 | -€16,900 | -130.9% |
| Income taxes | 67/77 | €4,941 | €900 | -€4,041 | -81.8% |
| Profit (loss) for the period | 9904 | -€17,853 | -€30,712 | -€12,859 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,853 | -€30,712 | -€12,859 | -72.0% |
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 10 October 2026 via checked.be.