ARIMA: 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.
ARIMA
Largest movements
- Cash +€83,502
up €83,502 (+40.7%), from €205,148 to €288,650
mainly Other debts (+€83,929) and Net result for the year (+€73,569)
- Financial fixed assets +€52,486
up €52,486 (+439%), from €11,955 to €64,442
- Current investments -€39,995
down €39,995 (-100%), from €39,995 to €0
- Receivables within one year -€10,801
down €10,801 (-54.2%), from €19,930 to €9,129
of which Trade receivables: -€11,907
- Other debts +€83,929
new in 2025: €83,929
- Profit (loss) carried forward -€26,431
down €26,431 (-10.1%), from €262,848 to €236,417
- Tax, wage and social debts +€26,141
up €26,141 (+208%), from €12,560 to €38,700
of which Taxes: +€22,855
- Gross operating margin +€36,731
up €36,731 (+49.7%), from €73,928 to €110,659
- Taxes +€11,784
up €11,784 (+129%), from €9,158 to €20,942
- Financial income +€9,636
up €9,636 (+284%), from €3,398 to €13,034
- Staff costs -€7,651
down €7,651 (-21.6%), from €35,504 to €27,853
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 | €283,923 | €369,479 | +€85,556 | +30.1% |
| Fixed assets | 21/28 | €13,241 | €65,183 | +€51,942 | +392% |
| Tangible fixed assets | 22/27 | €1,285 | €741 | -€544 | -42.3% |
| Furniture and vehicles | 24 | €1,285 | €741 | -€544 | -42.3% |
| Financial fixed assets | 28 | €11,955 | €64,442 | +€52,486 | +439% |
| Current assets | 29/58 | €270,683 | €304,297 | +€33,614 | +12.4% |
| Amounts receivable within one year | 40/41 | €19,930 | €9,129 | -€10,801 | -54.2% |
| Trade receivables | 40 | €16,036 | €4,129 | -€11,907 | -74.3% |
| Other amounts receivable | 41 | €3,894 | €5,000 | +€1,106 | +28.4% |
| Current investments | 50/53 | €39,995 | €0 | -€39,995 | -100% |
| Cash at bank and in hand | 54/58 | €205,148 | €288,650 | +€83,502 | +40.7% |
| Deferred charges and accrued income | 490/1 | €5,610 | €6,518 | +€909 | +16.2% |
| Total equity and liabilities | 10/49 | €283,923 | €369,479 | +€85,556 | +30.1% |
| Equity | 10/15 | €267,848 | €241,417 | -€26,431 | -9.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,848 | €236,417 | -€26,431 | -10.1% |
| Amounts payable | 17/49 | €16,076 | €128,063 | +€111,987 | +697% |
| Amounts payable within one year | 42/48 | €15,810 | €127,786 | +€111,976 | +708% |
| Trade debts | 44 | €3,251 | €5,157 | +€1,907 | +58.7% |
| Suppliers | 440/4 | €3,251 | €5,157 | +€1,907 | +58.7% |
| Taxes, remuneration and social security | 45 | €12,560 | €38,700 | +€26,141 | +208% |
| Taxes | 450/3 | €8,143 | €30,998 | +€22,855 | +281% |
| Remuneration and social security | 454/9 | €4,416 | €7,702 | +€3,286 | +74.4% |
| Other amounts payable | 47/48 | - | €83,929 | +€83,929 | |
| Accrued charges and deferred income | 492/3 | €265 | €276 | +€11 | +4.1% |
| Remuneration, social security and pensions | 62 | €35,504 | €27,853 | -€7,651 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €746 | €544 | -€202 | -27.1% |
| Other operating charges | 640/8 | €247 | €188 | -€59 | -23.8% |
| Gross operating margin | 9900 | €73,928 | €110,659 | +€36,731 | +49.7% |
| Operating profit (loss) | 9901 | €37,430 | €82,073 | +€44,643 | +119% |
| Financial income | 75/76B | €3,398 | €13,034 | +€9,636 | +284% |
| Recurring financial income | 75 | €3,398 | €13,034 | +€9,636 | +284% |
| Financial charges | 65/66B | €449 | €595 | +€147 | +32.7% |
| Recurring financial charges | 65 | €449 | €595 | +€147 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €40,379 | €94,511 | +€54,133 | +134% |
| Income taxes | 67/77 | €9,158 | €20,942 | +€11,784 | +129% |
| Profit (loss) for the period | 9904 | €31,221 | €73,569 | +€42,349 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €31,221 | €73,569 | +€42,349 | +136% |
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 27 October 2026 via checked.be.