ARIES BELGIUM: what changed
What changed
ARIES BELGIUM
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€90,309
2024 · €217,740-€127,431
Equity
€15,524
2024 · -€74,785+€90,309
Cash
€66,060
2024 · €315,835-€249,775
Balance sheet total
€813,768
2024 · €1.2m-€347,748
Largest movements
Assets
- Cash -€249,775
down €249,775 (-79.1%), from €315,835 to €66,060
mainly Other debts (-€318,935) and Debts after one year (-€110,181)
- Receivables within one year -€52,349
down €52,349 (-53.9%), from €97,038 to €44,689
of which Other amounts receivable: -€52,349
- Intangible fixed assets -€26,398
down €26,398 (-3.8%), from €686,353 to €659,955
- Tangible fixed assets -€18,870
down €18,870 (-31.5%), from €59,871 to €41,001
Equity and liabilities
- Other debts -€318,935
down €318,935 (-38.9%), from €820,172 to €501,237
- Debts after one year -€110,181
no longer reported in 2025 (was €110,181)
- Profit (loss) carried forward +€110,108
up €110,108 (+11.3%), from -€975,475 to -€865,367
- Reserves -€19,799
down €19,799 (-2.2%), from €900,690 to €880,891
Income statement
- Gross operating margin -€1.1m
down €1.1m (-86.1%), from €1.3m to €176,548
- Taxes +€21,809
up €21,809 (+1,867%), from €1,168 to €22,977
- Other operating charges +€16,426
up €16,426 (+191%), from €8,585 to €25,011
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€217,740
Gross operating margin
-€1.1m
Other operating charges
-€16,426
Other operating items
+€704,861
Financial income
-€4,766
Financial charges
+€137
Taxes
-€21,809
Deferred taxes and other
+€306,829
Result 2025
€90,309
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€139,594
Investment
€0
Financing
-€110,181
Cash 2024
€315,835
From operations (derived)
-€139,594
Net result for the year
+€90,309
Depreciation
+€45,268
Receivables within one year
+€52,349
Smaller working-capital items
-€198
Provisions
-€6,600
Tax, wage and social debts
-€1,787
Other debts
-€318,935
Financing
-€110,181
Debts after one year
-€110,181
Cash 2025
€66,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,161,516 | €813,768 | -€347,748 | -29.9% |
| Fixed assets | 21/28 | €746,224 | €700,956 | -€45,268 | -6.1% |
| Intangible fixed assets | 21 | €686,353 | €659,955 | -€26,398 | -3.8% |
| Tangible fixed assets | 22/27 | €59,871 | €41,001 | -€18,870 | -31.5% |
| Furniture and vehicles | 24 | €59,871 | €41,001 | -€18,870 | -31.5% |
| Current assets | 29/58 | €415,292 | €112,812 | -€302,480 | -72.8% |
| Amounts receivable within one year | 40/41 | €97,038 | €44,689 | -€52,349 | -53.9% |
| Trade receivables | 40 | €6,655 | €6,655 | = | 0.0% |
| Other amounts receivable | 41 | €90,383 | €38,034 | -€52,349 | -57.9% |
| Cash at bank and in hand | 54/58 | €315,835 | €66,060 | -€249,775 | -79.1% |
| Deferred charges and accrued income | 490/1 | €2,419 | €2,063 | -€356 | -14.7% |
| Total equity and liabilities | 10/49 | €1,161,516 | €813,768 | -€347,748 | -29.9% |
| Equity | 10/15 | -€74,785 | €15,524 | +€90,309 | |
| Reserves | 13 | €900,690 | €880,891 | -€19,799 | -2.2% |
| Tax-exempt reserves | 132 | €900,690 | €880,891 | -€19,799 | -2.2% |
| Profit (loss) carried forward | 14 | -€975,475 | -€865,367 | +€110,108 | +11.3% |
| Provisions and deferred taxes | 16 | €300,230 | €293,630 | -€6,600 | -2.2% |
| Deferred taxes | 168 | €300,230 | €293,630 | -€6,600 | -2.2% |
| Amounts payable | 17/49 | €936,071 | €504,613 | -€431,458 | -46.1% |
| Amounts payable after more than one year | 17 | €110,181 | - | -€110,181 | |
| Financial debts | 170/4 | €110,181 | - | -€110,181 | |
| Amounts payable within one year | 42/48 | €825,890 | €504,613 | -€321,277 | -38.9% |
| Trade debts | 44 | €1,065 | €510 | -€555 | -52.1% |
| Suppliers | 440/4 | €1,065 | €510 | -€555 | -52.1% |
| Taxes, remuneration and social security | 45 | €4,654 | €2,866 | -€1,787 | -38.4% |
| Taxes | 450/3 | €4,654 | €2,866 | -€1,787 | -38.4% |
| Other amounts payable | 47/48 | €820,172 | €501,237 | -€318,935 | -38.9% |
| Non-recurring operating income | 76A | €1,227,318 | €3,439 | -€1.2m | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,268 | €45,268 | = | 0.0% |
| Other operating charges | 640/8 | €8,585 | €25,011 | +€16,426 | +191% |
| Non-recurring operating charges | 66A | €704,861 | - | -€704,861 | |
| Gross operating margin | 9900 | €1,272,805 | €176,548 | -€1.1m | -86.1% |
| Operating profit (loss) | 9901 | €514,091 | €106,269 | -€407,822 | -79.3% |
| Financial income | 75/76B | €5,280 | €514 | -€4,766 | -90.3% |
| Recurring financial income | 75 | €5,280 | €514 | -€4,766 | -90.3% |
| Financial charges | 65/66B | €233 | €96 | -€137 | -58.7% |
| Recurring financial charges | 65 | €233 | €96 | -€137 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €519,138 | €106,687 | -€412,451 | -79.4% |
| Transfer from deferred taxes | 780 | €6,600 | €6,600 | = | 0.0% |
| Transfer to deferred taxes | 680 | €306,829 | - | -€306,829 | |
| Income taxes | 67/77 | €1,168 | €22,977 | +€21,809 | +1,867% |
| Profit (loss) for the period | 9904 | €217,740 | €90,309 | -€127,431 | -58.5% |
| Transfer from tax-exempt reserves | 789 | €19,799 | €19,799 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €920,488 | - | -€920,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€682,950 | €110,108 | +€793,058 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.