ARIES: 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.
ARIES
Largest movements
- Current investments +€1.3m
up €1.3m (+13.3%), from €9.5m to €10.8m
- Cash +€698,457
up €698,457 (+134%), from €519,561 to €1.2m
mainly Net result for the year (+€1.6m) and Receivables after one year (+€500,000)
- Receivables after one year -€500,000
down €500,000 (-25.0%), from €2.0m to €1.5m
- Financial fixed assets -€325,023
down €325,023 (-10.0%), from €3.2m to €2.9m
- Receivables within one year +€257,525
up €257,525 (+20.1%), from €1.3m to €1.5m
of which Other amounts receivable: +€1.2m
- Reserves +€1.4m
up €1.4m (+7.4%), from €19.4m to €20.9m
of which Distributable reserves: +€1.4m
- Financial income +€961,026
up €961,026 (+332%), from €289,404 to €1.3m
- Financial charges +€138,975
up €138,975 (+1,395%), from €9,959 to €148,934
- Taxes -€55,238
down €55,238 (-19.4%), from €284,676 to €229,438
- Gross operating margin -€37,259
down €37,259 (-3.5%), from €1.1m to €1.0m
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 | €19,794,831 | €21,222,338 | +€1.4m | +7.2% |
| Fixed assets | 21/28 | €6,391,992 | €6,075,231 | -€316,760 | -5.0% |
| Tangible fixed assets | 22/27 | €3,143,533 | €3,151,796 | +€8,263 | +0.3% |
| Land and buildings | 22 | €2,975,462 | €2,836,950 | -€138,512 | -4.7% |
| Plant, machinery and equipment | 23 | €74,784 | €50,215 | -€24,569 | -32.9% |
| Furniture and vehicles | 24 | €93,288 | €55,083 | -€38,205 | -41.0% |
| Other tangible fixed assets | 26 | - | €209,548 | +€209,548 | |
| Financial fixed assets | 28 | €3,248,458 | €2,923,435 | -€325,023 | -10.0% |
| Current assets | 29/58 | €13,402,839 | €15,147,107 | +€1.7m | +13.0% |
| Amounts receivable after more than one year | 29 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Other amounts receivable | 291 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €1,284,349 | €1,541,875 | +€257,525 | +20.1% |
| Trade receivables | 40 | €1,284,349 | €355,762 | -€928,588 | -72.3% |
| Other amounts receivable | 41 | - | €1,186,113 | +€1.2m | |
| Current investments | 50/53 | €9,504,153 | €10,772,908 | +€1.3m | +13.3% |
| Cash at bank and in hand | 54/58 | €519,561 | €1,218,017 | +€698,457 | +134% |
| Deferred charges and accrued income | 490/1 | €94,777 | €114,307 | +€19,530 | +20.6% |
| Total equity and liabilities | 10/49 | €19,794,831 | €21,222,338 | +€1.4m | +7.2% |
| Equity | 10/15 | €19,507,621 | €20,949,099 | +€1.4m | +7.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €19,446,121 | €20,887,599 | +€1.4m | +7.4% |
| Non-distributable reserves | 130/1 | €247,894 | €247,894 | = | 0.0% |
| Legal reserve | 130 | €247,894 | €247,894 | = | 0.0% |
| Distributable reserves | 133 | €19,198,228 | €20,639,706 | +€1.4m | +7.5% |
| Amounts payable | 17/49 | €287,209 | €273,239 | -€13,971 | -4.9% |
| Amounts payable within one year | 42/48 | €269,028 | €249,856 | -€19,171 | -7.1% |
| Trade debts | 44 | €50,852 | €5,311 | -€45,541 | -89.6% |
| Suppliers | 440/4 | €50,852 | €5,311 | -€45,541 | -89.6% |
| Taxes, remuneration and social security | 45 | €217,647 | €44,545 | -€173,102 | -79.5% |
| Taxes | 450/3 | €217,647 | €37,145 | -€180,502 | -82.9% |
| Remuneration and social security | 454/9 | - | €7,400 | +€7,400 | |
| Other amounts payable | 47/48 | €528 | €200,000 | +€199,472 | +37,746% |
| Accrued charges and deferred income | 492/3 | €18,182 | €23,383 | +€5,201 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,285 | €204,495 | +€3,210 | +1.6% |
| Other operating charges | 640/8 | €42,113 | €43,113 | +€1,000 | +2.4% |
| Gross operating margin | 9900 | €1,054,286 | €1,017,027 | -€37,259 | -3.5% |
| Operating profit (loss) | 9901 | €810,887 | €769,419 | -€41,468 | -5.1% |
| Financial income | 75/76B | €289,404 | €1,250,431 | +€961,026 | +332% |
| Recurring financial income | 75 | €289,404 | €1,250,431 | +€961,026 | +332% |
| Financial charges | 65/66B | €9,959 | €148,934 | +€138,975 | +1,395% |
| Recurring financial charges | 65 | €9,959 | €148,934 | +€138,975 | +1,395% |
| Profit (loss) for the period before taxes | 9903 | €1,090,332 | €1,870,916 | +€780,583 | +71.6% |
| Income taxes | 67/77 | €284,676 | €229,438 | -€55,238 | -19.4% |
| Profit (loss) for the period | 9904 | €805,657 | €1,641,478 | +€835,821 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €805,657 | €1,641,478 | +€835,821 | +104% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.