ARIGIS: 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.
ARIGIS
Largest movements
- Tangible fixed assets -€651,645
down €651,645 (-16.6%), from €3.9m to €3.3m
of which Leasing and similar rights: -€649,074
- Cash +€511,148
up €511,148 (+59.5%), from €859,055 to €1.4m
mainly Depreciation (+€651,644) and Receivables within one year (+€276,820)
- Receivables within one year -€276,820
down €276,820 (-12.7%), from €2.2m to €1.9m
of which Other amounts receivable: -€235,558
- Debts after one year -€487,993
down €487,993 (-32.4%), from €1.5m to €1.0m
- Revaluation surpluses -€180,733
down €180,733 (-14.3%), from €1.3m to €1.1m
- Reserves +€180,733
up €180,733 (+7.3%), from €2.5m to €2.7m
of which Distributable reserves: +€180,732
- Other debts +€140,000
new in 2025: €140,000
- Gross operating margin +€181,738
up €181,738 (+25.2%), from €721,016 to €902,754
- Turnover +€174,406
up €174,406 (+15.8%), from €1.1m to €1.3m
- Taxes +€96,370
up €96,370 (+222%), from €43,437 to €139,807
- Purchases and services -€35,315
down €35,315 (-8.6%), from €412,301 to €376,986
- Financial charges -€22,869
down €22,869 (-16.8%), from €136,239 to €113,370
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 | €6,988,166 | €6,571,125 | -€417,041 | -6.0% |
| Fixed assets | 21/28 | €3,935,551 | €3,283,906 | -€651,645 | -16.6% |
| Tangible fixed assets | 22/27 | €3,935,551 | €3,283,906 | -€651,645 | -16.6% |
| Plant, machinery and equipment | 23 | €12,292 | €9,721 | -€2,571 | -20.9% |
| Leasing and similar rights | 25 | €3,923,259 | €3,274,185 | -€649,074 | -16.5% |
| Current assets | 29/58 | €3,052,615 | €3,287,219 | +€234,604 | +7.7% |
| Amounts receivable within one year | 40/41 | €2,186,149 | €1,909,329 | -€276,820 | -12.7% |
| Trade receivables | 40 | €74,806 | €33,544 | -€41,262 | -55.2% |
| Other amounts receivable | 41 | €2,111,343 | €1,875,785 | -€235,558 | -11.2% |
| Cash at bank and in hand | 54/58 | €859,055 | €1,370,203 | +€511,148 | +59.5% |
| Deferred charges and accrued income | 490/1 | €7,411 | €7,687 | +€276 | +3.7% |
| Total equity and liabilities | 10/49 | €6,988,166 | €6,571,125 | -€417,041 | -6.0% |
| Equity | 10/15 | €4,682,886 | €4,636,031 | -€46,855 | -1.0% |
| Contributions | 10/11 | €841,381 | €841,381 | = | 0.0% |
| Capital | 10 | €841,381 | €841,381 | = | 0.0% |
| Issued capital | 100 | €841,381 | €841,381 | = | 0.0% |
| Revaluation surpluses | 12 | €1,265,132 | €1,084,399 | -€180,733 | -14.3% |
| Reserves | 13 | €2,481,241 | €2,661,974 | +€180,733 | +7.3% |
| Non-distributable reserves | 130/1 | €84,138 | €84,139 | +€1 | 0.0% |
| Legal reserve | 130 | €84,138 | €84,139 | +€1 | 0.0% |
| Distributable reserves | 133 | €2,397,103 | €2,577,835 | +€180,732 | +7.5% |
| Profit (loss) carried forward | 14 | €63,324 | €25,325 | -€37,999 | -60.0% |
| Investment grants | 15 | €31,808 | €22,952 | -€8,856 | -27.8% |
| Amounts payable | 17/49 | €2,305,280 | €1,935,094 | -€370,186 | -16.1% |
| Amounts payable after more than one year | 17 | €1,503,944 | €1,015,951 | -€487,993 | -32.4% |
| Financial debts | 170/4 | €1,503,944 | €1,015,951 | -€487,993 | -32.4% |
| Amounts payable within one year | 42/48 | €774,846 | €897,780 | +€122,934 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €513,431 | €487,993 | -€25,438 | -5.0% |
| Trade debts | 44 | €261,415 | €236,582 | -€24,833 | -9.5% |
| Suppliers | 440/4 | €261,415 | €236,582 | -€24,833 | -9.5% |
| Taxes, remuneration and social security | 45 | - | €33,205 | +€33,205 | |
| Taxes | 450/3 | - | €33,205 | +€33,205 | |
| Other amounts payable | 47/48 | - | €140,000 | +€140,000 | |
| Accrued charges and deferred income | 492/3 | €26,490 | €21,363 | -€5,127 | -19.4% |
| Turnover | 70 | €1,105,334 | €1,279,740 | +€174,406 | +15.8% |
| Non-recurring operating income | 76A | €27,984 | - | -€27,984 | |
| Goods, raw materials, services and sundry goods | 60/61 | €412,301 | €376,986 | -€35,315 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651,645 | €651,644 | -€1 | 0.0% |
| Other operating charges | 640/8 | €7,234 | €1,205 | -€6,029 | -83.3% |
| Gross operating margin | 9900 | €721,016 | €902,754 | +€181,738 | +25.2% |
| Operating profit (loss) | 9901 | €62,137 | €249,905 | +€187,768 | +302% |
| Financial income | 75/76B | €103,828 | €105,273 | +€1,445 | +1.4% |
| Recurring financial income | 75 | €103,828 | €105,273 | +€1,445 | +1.4% |
| Financial charges | 65/66B | €136,239 | €113,370 | -€22,869 | -16.8% |
| Recurring financial charges | 65 | €136,239 | €113,370 | -€22,869 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €29,726 | €241,808 | +€212,082 | +713% |
| Income taxes | 67/77 | €43,437 | €139,807 | +€96,370 | +222% |
| Profit (loss) for the period | 9904 | -€13,711 | €102,001 | +€115,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,711 | €102,001 | +€115,712 |
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 18 October 2026 via checked.be.