ARIBO: 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.
ARIBO
Largest movements
- Receivables within one year +€485,737
up €485,737 (+235%), from €206,554 to €692,290
of which Trade receivables: +€486,571
- Tangible fixed assets +€370,617
up €370,617 (+7.9%), from €4.7m to €5.0m
of which Plant, machinery and equipment: +€279,663
- Cash -€114,349
down €114,349 (-99.9%), from €114,423 to €74
mainly Receivables within one year (-€485,737) and Investment in fixed assets (net) (-€480,491)
- Profit (loss) carried forward +€556,447
up €556,447 (+40.3%), from €1.4m to €1.9m
- Debts after one year -€237,000
down €237,000 (-9.9%), from €2.4m to €2.2m
- Other debts +€230,236
up €230,236 (+55.1%), from €417,782 to €648,017
- Tax, wage and social debts +€124,733
up €124,733 (+48.3%), from €258,426 to €383,159
- Taxes -€96,436
down €96,436 (-39.3%), from €245,083 to €148,647
- Purchases and services +€73,433
new in 2025: €73,433
- Gross operating margin +€53,019
up €53,019 (+6.6%), from €799,763 to €852,782
- Depreciation +€30,444
up €30,444 (+38.3%), from €79,430 to €109,874
- Financial income -€29,789
down €29,789 (-39.0%), from €76,439 to €46,650
of which Non-recurring financial income: -€25,441
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 | €5,857,668 | €6,599,482 | +€741,814 | +12.7% |
| Fixed assets | 21/28 | €4,663,001 | €5,033,618 | +€370,617 | +7.9% |
| Tangible fixed assets | 22/27 | €4,663,001 | €5,033,618 | +€370,617 | +7.9% |
| Land and buildings | 22 | €4,328,631 | €4,406,387 | +€77,756 | +1.8% |
| Plant, machinery and equipment | 23 | €334,370 | €614,033 | +€279,663 | +83.6% |
| Other tangible fixed assets | 26 | - | €13,197 | +€13,197 | |
| Current assets | 29/58 | €1,194,667 | €1,565,864 | +€371,197 | +31.1% |
| Amounts receivable after more than one year | 29 | €873,500 | €873,500 | = | 0.0% |
| Other amounts receivable | 291 | €873,500 | €873,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €206,554 | €692,290 | +€485,737 | +235% |
| Trade receivables | 40 | €39,630 | €526,201 | +€486,571 | +1,228% |
| Other amounts receivable | 41 | €166,924 | €166,089 | -€835 | -0.5% |
| Cash at bank and in hand | 54/58 | €114,423 | €74 | -€114,349 | -99.9% |
| Deferred charges and accrued income | 490/1 | €190 | - | -€190 | |
| Total equity and liabilities | 10/49 | €5,857,668 | €6,599,482 | +€741,814 | +12.7% |
| Equity | 10/15 | €2,537,513 | €3,093,960 | +€556,447 | +21.9% |
| Contributions | 10/11 | €62,170 | €62,170 | = | 0.0% |
| Capital | 10 | €62,170 | €62,170 | = | 0.0% |
| Issued capital | 100 | €62,170 | €62,170 | = | 0.0% |
| Reserves | 13 | €1,094,869 | €1,094,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €929,174 | €929,174 | = | 0.0% |
| Legal reserve | 130 | €55,674 | €55,674 | = | 0.0% |
| Financial assistance | 1313 | €873,500 | €873,500 | = | 0.0% |
| Distributable reserves | 133 | €165,695 | €165,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,380,474 | €1,936,921 | +€556,447 | +40.3% |
| Amounts payable | 17/49 | €3,320,155 | €3,505,522 | +€185,367 | +5.6% |
| Amounts payable after more than one year | 17 | €2,387,750 | €2,150,750 | -€237,000 | -9.9% |
| Financial debts | 170/4 | €2,387,750 | €2,150,750 | -€237,000 | -9.9% |
| Amounts payable within one year | 42/48 | €932,347 | €1,353,361 | +€421,014 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €237,000 | €249,500 | +€12,500 | +5.3% |
| Trade debts | 44 | €19,139 | €72,684 | +€53,545 | +280% |
| Suppliers | 440/4 | €19,139 | €72,684 | +€53,545 | +280% |
| Taxes, remuneration and social security | 45 | €258,426 | €383,159 | +€124,733 | +48.3% |
| Taxes | 450/3 | €258,426 | €383,159 | +€124,733 | +48.3% |
| Other amounts payable | 47/48 | €417,782 | €648,017 | +€230,236 | +55.1% |
| Accrued charges and deferred income | 492/3 | €57 | €1,411 | +€1,354 | +2,368% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €73,433 | +€73,433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,430 | €109,874 | +€30,444 | +38.3% |
| Other operating charges | 640/8 | €9,720 | €11,374 | +€1,654 | +17.0% |
| Gross operating margin | 9900 | €799,763 | €852,782 | +€53,019 | +6.6% |
| Operating profit (loss) | 9901 | €710,613 | €731,533 | +€20,920 | +2.9% |
| Financial income | 75/76B | €76,439 | €46,650 | -€29,789 | -39.0% |
| Recurring financial income | 75 | €50,998 | €46,650 | -€4,348 | -8.5% |
| Non-recurring financial income | 76B | €25,441 | - | -€25,441 | |
| Financial charges | 65/66B | €68,801 | €73,089 | +€4,288 | +6.2% |
| Recurring financial charges | 65 | €68,801 | €73,089 | +€4,288 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €718,251 | €705,094 | -€13,157 | -1.8% |
| Income taxes | 67/77 | €245,083 | €148,647 | -€96,436 | -39.3% |
| Profit (loss) for the period | 9904 | €473,168 | €556,447 | +€83,279 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €473,168 | €556,447 | +€83,279 | +17.6% |
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 26 October 2026 via checked.be.