Arias: 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.
Arias
Largest movements
- Receivables within one year -€3,681
down €3,681 (-68.3%), from €5,392 to €1,711
of which Trade receivables: -€3,790
- Cash +€350
up €350 (+2,092%), from €17 to €367
mainly Other debts (+€9,560) and Receivables within one year (+€3,681)
- Formation expenses -€199
down €199 (-92.2%), from €216 to €17
- Tangible fixed assets -€102
no longer reported in 2025 (was €102)
- Profit (loss) carried forward -€11,619
down €11,619 (-213%), from -€5,459 to -€17,079
- Other debts +€9,560
new in 2025: €9,560
- Trade debts -€769
down €769 (-44.1%), from €1,744 to €975
- Tax, wage and social debts -€766
no longer reported in 2025 (was €766)
- Gross operating margin -€5,830
down €5,830 (-126%), from -€4,642 to -€10,472
- Other operating charges +€429
new in 2025: €429
- Financial income -€184
no longer reported in 2025 (was €184)
- Depreciation -€154
down €154 (-33.7%), from €455 to €302
- Financial charges -€130
down €130 (-23.7%), from €546 to €417
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 | €5,920 | €2,325 | -€3,594 | -60.7% |
| Formation expenses | 20 | €216 | €17 | -€199 | -92.2% |
| Fixed assets | 21/28 | €102 | - | -€102 | |
| Tangible fixed assets | 22/27 | €102 | - | -€102 | |
| Plant, machinery and equipment | 23 | €102 | - | -€102 | |
| Current assets | 29/58 | €5,601 | €2,308 | -€3,293 | -58.8% |
| Amounts receivable within one year | 40/41 | €5,392 | €1,711 | -€3,681 | -68.3% |
| Trade receivables | 40 | €4,510 | €721 | -€3,790 | -84.0% |
| Other amounts receivable | 41 | €882 | €991 | +€109 | +12.3% |
| Cash at bank and in hand | 54/58 | €17 | €367 | +€350 | +2,092% |
| Deferred charges and accrued income | 490/1 | €192 | €230 | +€38 | +19.8% |
| Total equity and liabilities | 10/49 | €5,920 | €2,325 | -€3,594 | -60.7% |
| Equity | 10/15 | €3,410 | -€8,209 | -€11,619 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,870 | €3,870 | = | 0.0% |
| Distributable reserves | 133 | €3,870 | €3,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,459 | -€17,079 | -€11,619 | -213% |
| Amounts payable | 17/49 | €2,509 | €10,534 | +€8,025 | +320% |
| Amounts payable within one year | 42/48 | €2,509 | €10,534 | +€8,025 | +320% |
| Trade debts | 44 | €1,744 | €975 | -€769 | -44.1% |
| Suppliers | 440/4 | €1,744 | €975 | -€769 | -44.1% |
| Taxes, remuneration and social security | 45 | €766 | - | -€766 | |
| Taxes | 450/3 | €766 | - | -€766 | |
| Other amounts payable | 47/48 | - | €9,560 | +€9,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €302 | -€154 | -33.7% |
| Other operating charges | 640/8 | - | €429 | +€429 | |
| Gross operating margin | 9900 | -€4,642 | -€10,472 | -€5,830 | -126% |
| Operating profit (loss) | 9901 | -€5,097 | -€11,203 | -€6,106 | -120% |
| Financial income | 75/76B | €184 | - | -€184 | |
| Recurring financial income | 75 | €184 | - | -€184 | |
| Financial charges | 65/66B | €546 | €417 | -€130 | -23.7% |
| Recurring financial charges | 65 | €546 | €417 | -€130 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,459 | -€11,619 | -€6,160 | -113% |
| Profit (loss) for the period | 9904 | -€5,459 | -€11,619 | -€6,160 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,459 | -€11,619 | -€6,160 | -113% |
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 14 October 2026 via checked.be.