ARIEN: what changed
Two fiscal 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.
ARIEN
Largest movements
- Tangible fixed assets +€24,815
up €24,815 (+229.0%), from €10,835 to €35,650
of which Other tangible fixed assets: +€24,540
- Cash -€23,161
down €23,161 (-31.2%), from €74,304 to €51,144
mainly Contributions, distributions and other (-€41,307) and Investment in fixed assets (net) (-€32,410)
- Receivables within one year +€17,258
up €17,258 (+34.7%), from €49,719 to €66,977
of which Trade receivables: +€14,180
- Debts after one year +€18,555
up €18,555 (+1552.9%), from €1,195 to €19,750
of which Financial debts: +€19,750
- Current portion of long-term debt +€5,936
new in 2025: €5,936
- Tax, wage and social debts -€4,536
down €4,536 (-18.6%), from €24,326 to €19,790
of which Taxes: -€4,536
- Gross operating margin -€15,008
down €15,008 (-19.1%), from €78,679 to €63,672
- Taxes -€4,227
down €4,227 (-24.8%), from €17,053 to €12,826
- Depreciation +€3,282
up €3,282 (+76.1%), from €4,313 to €7,595
- Financial charges +€903
up €903 (+295.0%), from €306 to €1,209
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 | €136,108 | €154,799 | +€18,691 | +13.7% |
| Fixed assets | 21/28 | €10,835 | €35,650 | +€24,815 | +229.0% |
| Tangible fixed assets | 22/27 | €10,835 | €35,650 | +€24,815 | +229.0% |
| Furniture and vehicles | 24 | €7,911 | €8,186 | +€275 | +3.5% |
| Other tangible fixed assets | 26 | €2,924 | €27,464 | +€24,540 | +839.2% |
| Current assets | 29/58 | €125,273 | €119,148 | -€6,124 | -4.9% |
| Amounts receivable within one year | 40/41 | €49,719 | €66,977 | +€17,258 | +34.7% |
| Trade receivables | 40 | €49,719 | €63,899 | +€14,180 | +28.5% |
| Other amounts receivable | 41 | - | €3,078 | +€3,078 | |
| Cash at bank and in hand | 54/58 | €74,304 | €51,144 | -€23,161 | -31.2% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,028 | -€222 | -17.7% |
| Total equity and liabilities | 10/49 | €136,108 | €154,799 | +€18,691 | +13.7% |
| Equity | 10/15 | €73,478 | €73,478 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,478 | €70,478 | = | 0.0% |
| Distributable reserves | 133 | €70,478 | €70,478 | = | 0.0% |
| Amounts payable | 17/49 | €62,630 | €81,321 | +€18,691 | +29.8% |
| Amounts payable after more than one year | 17 | €1,195 | €19,750 | +€18,555 | +1552.9% |
| Financial debts | 170/4 | - | €19,750 | +€19,750 | |
| Other amounts payable | 178/9 | €1,195 | - | -€1,195 | |
| Amounts payable within one year | 42/48 | €61,435 | €61,571 | +€136 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,936 | +€5,936 | |
| Trade debts | 44 | €560 | €734 | +€175 | +31.2% |
| Suppliers | 440/4 | €560 | €734 | +€175 | +31.2% |
| Taxes, remuneration and social security | 45 | €24,326 | €19,790 | -€4,536 | -18.6% |
| Taxes | 450/3 | €22,376 | €17,840 | -€4,536 | -20.3% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €36,550 | €35,111 | -€1,439 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,313 | €7,595 | +€3,282 | +76.1% |
| Other operating charges | 640/8 | €687 | €735 | +€47 | +6.9% |
| Gross operating margin | 9900 | €78,679 | €63,672 | -€15,008 | -19.1% |
| Operating profit (loss) | 9901 | €73,679 | €55,342 | -€18,337 | -24.9% |
| Financial income | 75/76B | €65 | €0 | -€65 | -99.8% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -99.8% |
| Financial charges | 65/66B | €306 | €1,209 | +€903 | +295.0% |
| Recurring financial charges | 65 | €306 | €1,209 | +€903 | +295.0% |
| Profit (loss) for the period before taxes | 9903 | €73,438 | €54,133 | -€19,305 | -26.3% |
| Income taxes | 67/77 | €17,053 | €12,826 | -€4,227 | -24.8% |
| Profit (loss) for the period | 9904 | €56,385 | €41,307 | -€15,078 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,385 | €41,307 | -€15,078 | -26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.