ARIMAT: 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.
What changed
ARIMAT
NACE 47.527, Retail trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€44,491
2024 · €131,319-€175,810
Equity
€2.7m
2024 · €3.1m-€344,491
Cash
€916,189
2024 · €581,710+€334,479
Balance sheet total
€5.7m
2024 · €5.8m-€162,425
Largest movements
Assets
- Current investments -€575,000
no longer reported in 2025 (was €575,000)
- Cash +€334,479
up €334,479 (+57.5%), from €581,710 to €916,189
mainly Current investments (+€575,000) and Other debts (+€211,869)
Equity and liabilities
- Reserves -€300,000
down €300,000 (-23.1%), from €1.3m to €1.0m
of which Distributable reserves: -€300,000
- Other debts +€211,869
up €211,869 (+70.1%), from €302,253 to €514,122
- Trade debts -€75,379
down €75,379 (-19.7%), from €382,332 to €306,953
- Current portion of long-term debt +€70,031
up €70,031 (+33.2%), from €211,013 to €281,044
Income statement
- Gross operating margin -€403,319
down €403,319 (-38.0%), from €1.1m to €658,599
- Staff costs -€120,247
down €120,247 (-26.1%), from €459,909 to €339,662
- Taxes -€65,699
down €65,699 (-97.4%), from €67,438 to €1,739
- Depreciation +€37,311
up €37,311 (+22.0%), from €169,744 to €207,056
- Financial charges -€35,467
down €35,467 (-24.7%), from €143,808 to €108,342
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.
Result 2024
€131,319
Gross operating margin
-€403,319
Staff costs
+€120,247
Depreciation
-€37,311
Other operating charges
-€3,739
Other operating items
+€55,239
Financial income
-€8,092
Financial charges
+€35,467
Taxes
+€65,699
Result 2025
-€44,491
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.
From operations
+€270,256
Investment
+€314,550
Financing
-€250,327
Cash 2024
€581,710
From operations (derived)
+€270,256
Net result for the year
-€44,491
Depreciation
+€207,056
Stocks and contracts
+€28,452
Smaller working-capital items
+€622
Deferred charges and accrued income
-€53,319
Trade debts
-€75,379
Tax, wage and social debts
-€1,782
Advances received
-€2,772
Other debts
+€211,869
Investment (derived)
+€314,550
Investment in fixed assets (net)
-€260,450
Current investments
+€575,000
Financing
-€250,327
Debts after one year
-€12,858
Current portion of long-term debt
+€70,031
Short-term financial debts
-€7,500
Contributions, distributions and other
-€300,000
Cash 2025
€916,189
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,827,474 | €5,665,050 | -€162,425 | -2.8% |
| Fixed assets | 21/28 | €2,917,352 | €2,970,746 | +€53,395 | +1.8% |
| Tangible fixed assets | 22/27 | €2,916,482 | €2,969,876 | +€53,395 | +1.8% |
| Land and buildings | 22 | €2,251,703 | €2,200,553 | -€51,150 | -2.3% |
| Plant, machinery and equipment | 23 | €137,907 | €342,633 | +€204,726 | +148.5% |
| Furniture and vehicles | 24 | €11,560 | €9,129 | -€2,431 | -21.0% |
| Leasing and similar rights | 25 | €515,311 | €417,562 | -€97,750 | -19.0% |
| Financial fixed assets | 28 | €870 | €870 | = | 0.0% |
| Current assets | 29/58 | €2,910,123 | €2,694,303 | -€215,819 | -7.4% |
| Stocks and contracts in progress | 3 | €1,538,418 | €1,509,966 | -€28,452 | -1.8% |
| Stocks | 30/36 | €1,538,418 | €1,509,966 | -€28,452 | -1.8% |
| Amounts receivable within one year | 40/41 | €152,166 | €152,001 | -€165 | -0.1% |
| Trade receivables | 40 | €3,846 | €32,342 | +€28,495 | +740.9% |
| Other amounts receivable | 41 | €148,320 | €119,659 | -€28,661 | -19.3% |
| Current investments | 50/53 | €575,000 | - | -€575,000 | |
| Cash at bank and in hand | 54/58 | €581,710 | €916,189 | +€334,479 | +57.5% |
| Deferred charges and accrued income | 490/1 | €62,828 | €116,147 | +€53,319 | +84.9% |
| Total equity and liabilities | 10/49 | €5,827,474 | €5,665,050 | -€162,425 | -2.8% |
| Equity | 10/15 | €3,059,233 | €2,714,742 | -€344,491 | -11.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,301,300 | €1,001,300 | -€300,000 | -23.1% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €1,231,300 | €931,300 | -€300,000 | -24.4% |
| Profit (loss) carried forward | 14 | €1,507,933 | €1,463,442 | -€44,491 | -3.0% |
| Amounts payable | 17/49 | €2,768,241 | €2,950,307 | +€182,066 | +6.6% |
| Amounts payable after more than one year | 17 | €1,739,397 | €1,726,539 | -€12,858 | -0.7% |
| Financial debts | 170/4 | €1,739,397 | €1,726,539 | -€12,858 | -0.7% |
| Amounts payable within one year | 42/48 | €1,028,844 | €1,223,312 | +€194,468 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €211,013 | €281,044 | +€70,031 | +33.2% |
| Financial debts | 43 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Credit institutions | 430/8 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Trade debts | 44 | €382,332 | €306,953 | -€75,379 | -19.7% |
| Suppliers | 440/4 | €382,332 | €306,953 | -€75,379 | -19.7% |
| Advances received on contracts in progress | 46 | €8,371 | €5,599 | -€2,772 | -33.1% |
| Taxes, remuneration and social security | 45 | €87,375 | €85,594 | -€1,782 | -2.0% |
| Taxes | 450/3 | €28,308 | €37,452 | +€9,145 | +32.3% |
| Remuneration and social security | 454/9 | €59,067 | €48,141 | -€10,926 | -18.5% |
| Other amounts payable | 47/48 | €302,253 | €514,122 | +€211,869 | +70.1% |
| Accrued charges and deferred income | 492/3 | - | €457 | +€457 | |
| Non-recurring operating income | 76A | €53,609 | - | -€53,609 | |
| Remuneration, social security and pensions | 62 | €459,909 | €339,662 | -€120,247 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,744 | €207,056 | +€37,311 | +22.0% |
| Other operating charges | 640/8 | €51,485 | €55,224 | +€3,739 | +7.3% |
| Non-recurring operating charges | 66A | €55,239 | - | -€55,239 | |
| Gross operating margin | 9900 | €1,061,918 | €658,599 | -€403,319 | -38.0% |
| Operating profit (loss) | 9901 | €325,540 | €56,657 | -€268,883 | -82.6% |
| Financial income | 75/76B | €17,025 | €8,933 | -€8,092 | -47.5% |
| Recurring financial income | 75 | €17,025 | €8,933 | -€8,092 | -47.5% |
| Financial charges | 65/66B | €143,808 | €108,342 | -€35,467 | -24.7% |
| Recurring financial charges | 65 | €143,808 | €108,342 | -€35,467 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €198,757 | -€42,752 | -€241,509 | |
| Income taxes | 67/77 | €67,438 | €1,739 | -€65,699 | -97.4% |
| Profit (loss) for the period | 9904 | €131,319 | -€44,491 | -€175,810 | |
| Profit (loss) for the period to be appropriated | 9905 | €131,319 | -€44,491 | -€175,810 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.