ARIANNE: 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.
ARIANNE
Largest movements
- Tangible fixed assets -€9,850
down €9,850 (-2.7%), from €359,952 to €350,102
of which Land and buildings: -€17,555
- Debts after one year -€54,375
down €54,375 (-19.8%), from €275,000 to €220,625
- Profit (loss) carried forward +€26,273
no longer reported in 2025 (was -€26,273)
- Reserves +€13,449
new in 2025: €13,449
- Gross operating margin +€42,522
up €42,522 (+224%), from €18,980 to €61,502
- Taxes +€5,771
new in 2025: €5,771
- Depreciation -€2,701
down €2,701 (-21.1%), from €12,823 to €10,122
- Other operating charges +€1,387
up €1,387 (+191%), from €728 to €2,115
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 | €376,740 | €365,507 | -€11,233 | -3.0% |
| Fixed assets | 21/28 | €359,952 | €350,102 | -€9,850 | -2.7% |
| Tangible fixed assets | 22/27 | €359,952 | €350,102 | -€9,850 | -2.7% |
| Land and buildings | 22 | €359,952 | €342,397 | -€17,555 | -4.9% |
| Plant, machinery and equipment | 23 | - | €7,705 | +€7,705 | |
| Current assets | 29/58 | €16,788 | €15,404 | -€1,383 | -8.2% |
| Amounts receivable within one year | 40/41 | €14 | €1,674 | +€1,660 | +12,209% |
| Trade receivables | 40 | - | €1,540 | +€1,540 | |
| Other amounts receivable | 41 | €14 | €134 | +€120 | +885% |
| Cash at bank and in hand | 54/58 | €16,221 | €13,640 | -€2,581 | -15.9% |
| Deferred charges and accrued income | 490/1 | €553 | €90 | -€463 | -83.7% |
| Total equity and liabilities | 10/49 | €376,740 | €365,507 | -€11,233 | -3.0% |
| Equity | 10/15 | €69,727 | €109,449 | +€39,722 | +57.0% |
| Contributions | 10/11 | €96,000 | €96,000 | = | 0.0% |
| Reserves | 13 | - | €13,449 | +€13,449 | |
| Distributable reserves | 133 | - | €13,449 | +€13,449 | |
| Profit (loss) carried forward | 14 | -€26,273 | - | +€26,273 | |
| Amounts payable | 17/49 | €307,013 | €256,058 | -€50,956 | -16.6% |
| Amounts payable after more than one year | 17 | €275,000 | €220,625 | -€54,375 | -19.8% |
| Financial debts | 170/4 | €275,000 | €220,625 | -€54,375 | -19.8% |
| Amounts payable within one year | 42/48 | €30,116 | €33,382 | +€3,266 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €21,667 | €21,667 | = | 0.0% |
| Trade debts | 44 | - | €759 | +€759 | |
| Suppliers | 440/4 | - | €759 | +€759 | |
| Taxes, remuneration and social security | 45 | €2,316 | €5,771 | +€3,455 | +149% |
| Taxes | 450/3 | €2,316 | €5,771 | +€3,455 | +149% |
| Other amounts payable | 47/48 | €6,133 | €5,185 | -€948 | -15.5% |
| Accrued charges and deferred income | 492/3 | €1,898 | €2,051 | +€153 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,823 | €10,122 | -€2,701 | -21.1% |
| Other operating charges | 640/8 | €728 | €2,115 | +€1,387 | +191% |
| Gross operating margin | 9900 | €18,980 | €61,502 | +€42,522 | +224% |
| Operating profit (loss) | 9901 | €5,429 | €49,264 | +€43,835 | +807% |
| Financial charges | 65/66B | €4,078 | €3,772 | -€306 | -7.5% |
| Recurring financial charges | 65 | €4,078 | €3,772 | -€306 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €1,351 | €45,493 | +€44,141 | +3,266% |
| Income taxes | 67/77 | - | €5,771 | +€5,771 | |
| Profit (loss) for the period | 9904 | €1,351 | €39,722 | +€38,371 | +2,839% |
| Profit (loss) for the period to be appropriated | 9905 | €1,351 | €39,722 | +€38,371 | +2,839% |
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 13 October 2026 via checked.be.