ARICOT: 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.
ARICOT
Largest movements
- Financial fixed assets -€886,603
down €886,603 (-98.2%), from €902,464 to €15,861
- Tangible fixed assets +€852,316
up €852,316 (+264%), from €322,538 to €1.2m
of which Land and buildings: +€844,781
- Receivables within one year +€75,141
up €75,141 (+736%), from €10,212 to €85,353
of which Trade receivables: +€68,729
- Cash +€19,712
up €19,712 (+19.5%), from €100,924 to €120,635
mainly Net result for the year (+€127,248) and Depreciation (+€75,756)
- Profit (loss) carried forward +€127,248
up €127,248 (+24.8%), from €512,569 to €639,816
- Debts after one year -€96,468
down €96,468 (-26.0%), from €370,984 to €274,516
- Reserves -€72,500
down €72,500 (-39.2%), from €184,900 to €112,400
of which Distributable reserves: -€72,500
- Other debts +€36,644
up €36,644 (+91.6%), from €40,000 to €76,644
- Tax, wage and social debts +€24,445
up €24,445 (+33.9%), from €72,193 to €96,638
of which Taxes: +€12,755
- Gross operating margin +€484,599
up €484,599 (+78.5%), from €617,299 to €1.1m
- Purchases and services +€200,973
new in 2025: €200,973
- Depreciation +€20,125
up €20,125 (+36.2%), from €55,632 to €75,756
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 | €1,352,014 | €1,415,742 | +€63,728 | +4.7% |
| Fixed assets | 21/28 | €1,225,002 | €1,190,715 | -€34,287 | -2.8% |
| Tangible fixed assets | 22/27 | €322,538 | €1,174,854 | +€852,316 | +264% |
| Land and buildings | 22 | - | €844,781 | +€844,781 | |
| Plant, machinery and equipment | 23 | €68,642 | €74,611 | +€5,969 | +8.7% |
| Furniture and vehicles | 24 | €203,180 | €210,842 | +€7,663 | +3.8% |
| Other tangible fixed assets | 26 | €50,716 | €44,619 | -€6,097 | -12.0% |
| Financial fixed assets | 28 | €902,464 | €15,861 | -€886,603 | -98.2% |
| Current assets | 29/58 | €127,012 | €225,027 | +€98,015 | +77.2% |
| Amounts receivable within one year | 40/41 | €10,212 | €85,353 | +€75,141 | +736% |
| Trade receivables | 40 | €6,893 | €75,622 | +€68,729 | +997% |
| Other amounts receivable | 41 | €3,319 | €9,731 | +€6,412 | +193% |
| Cash at bank and in hand | 54/58 | €100,924 | €120,635 | +€19,712 | +19.5% |
| Deferred charges and accrued income | 490/1 | €15,877 | €19,039 | +€3,162 | +19.9% |
| Total equity and liabilities | 10/49 | €1,352,014 | €1,415,742 | +€63,728 | +4.7% |
| Equity | 10/15 | €717,469 | €772,216 | +€54,748 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €184,900 | €112,400 | -€72,500 | -39.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €182,900 | €110,400 | -€72,500 | -39.6% |
| Profit (loss) carried forward | 14 | €512,569 | €639,816 | +€127,248 | +24.8% |
| Amounts payable | 17/49 | €634,545 | €643,526 | +€8,980 | +1.4% |
| Amounts payable after more than one year | 17 | €370,984 | €274,516 | -€96,468 | -26.0% |
| Financial debts | 170/4 | €370,984 | €274,516 | -€96,468 | -26.0% |
| Amounts payable within one year | 42/48 | €263,191 | €365,867 | +€102,676 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €139,807 | €159,264 | +€19,457 | +13.9% |
| Trade debts | 44 | €11,191 | €33,321 | +€22,130 | +198% |
| Suppliers | 440/4 | €11,191 | €33,321 | +€22,130 | +198% |
| Taxes, remuneration and social security | 45 | €72,193 | €96,638 | +€24,445 | +33.9% |
| Taxes | 450/3 | €37,493 | €50,248 | +€12,755 | +34.0% |
| Remuneration and social security | 454/9 | €34,701 | €46,390 | +€11,690 | +33.7% |
| Other amounts payable | 47/48 | €40,000 | €76,644 | +€36,644 | +91.6% |
| Accrued charges and deferred income | 492/3 | €370 | €3,143 | +€2,772 | +749% |
| Non-recurring operating income | 76A | - | €455,498 | +€455,498 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €200,973 | +€200,973 | |
| Remuneration, social security and pensions | 62 | €386,348 | €377,500 | -€8,848 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,632 | €75,756 | +€20,125 | +36.2% |
| Other operating charges | 640/8 | €2,250 | €8,117 | +€5,868 | +261% |
| Non-recurring operating charges | 66A | €5,554 | €455,964 | +€450,411 | +8,110% |
| Gross operating margin | 9900 | €617,299 | €1,101,898 | +€484,599 | +78.5% |
| Operating profit (loss) | 9901 | €167,516 | €184,560 | +€17,044 | +10.2% |
| Financial income | 75/76B | €1,449 | €231 | -€1,218 | -84.1% |
| Recurring financial income | 75 | €1,449 | €231 | -€1,218 | -84.1% |
| Financial charges | 65/66B | €13,534 | €12,498 | -€1,036 | -7.7% |
| Recurring financial charges | 65 | €13,534 | €12,498 | -€1,036 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €155,431 | €172,293 | +€16,861 | +10.8% |
| Income taxes | 67/77 | €34,596 | €45,045 | +€10,449 | +30.2% |
| Profit (loss) for the period | 9904 | €120,836 | €127,248 | +€6,412 | +5.3% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €162,936 | €127,248 | -€35,688 | -21.9% |
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.