ARINEX: 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.
ARINEX
Largest movements
- Tangible fixed assets -€38,174
down €38,174 (-2.8%), from €1.3m to €1.3m
of which Land and buildings: -€23,418
- Other debts +€114,087
up €114,087 (+153.3%), from €74,443 to €188,530
- Profit (loss) carried forward -€113,189
down €113,189 (-39.7%), from -€285,456 to -€398,645
- Debts after one year -€45,429
down €45,429 (-3.2%), from €1.4m to €1.4m
of which Financial debts: -€291,429
- Tax, wage and social debts +€33,738
up €33,738 (+79.1%), from €42,678 to €76,415
of which Taxes: +€20,032
- Trade debts -€32,316
down €32,316 (-63.2%), from €51,124 to €18,808
- Gross operating margin +€384,396
up €384,396 (+637.5%), from €60,295 to €444,691
- Staff costs +€235,300
up €235,300 (+138.9%), from €169,360 to €404,660
- Financial charges +€17,673
up €17,673 (+43.6%), from €40,568 to €58,241
- Depreciation +€9,885
up €9,885 (+13.1%), from €75,370 to €85,256
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,384,312 | €1,348,785 | -€35,527 | -2.6% |
| Formation expenses | 20 | €1,480 | €1,030 | -€450 | -30.4% |
| Fixed assets | 21/28 | €1,348,053 | €1,309,879 | -€38,174 | -2.8% |
| Tangible fixed assets | 22/27 | €1,347,653 | €1,309,479 | -€38,174 | -2.8% |
| Land and buildings | 22 | €1,263,778 | €1,240,360 | -€23,418 | -1.9% |
| Plant, machinery and equipment | 23 | €27,663 | €24,121 | -€3,542 | -12.8% |
| Furniture and vehicles | 24 | €56,212 | €44,998 | -€11,214 | -19.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €34,779 | €37,876 | +€3,097 | +8.9% |
| Amounts receivable within one year | 40/41 | - | €374 | +€374 | |
| Trade receivables | 40 | - | €374 | +€374 | |
| Cash at bank and in hand | 54/58 | €33,918 | €36,932 | +€3,014 | +8.9% |
| Deferred charges and accrued income | 490/1 | €861 | €571 | -€290 | -33.7% |
| Total equity and liabilities | 10/49 | €1,384,312 | €1,348,785 | -€35,527 | -2.6% |
| Equity | 10/15 | -€283,456 | -€396,645 | -€113,189 | -39.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,456 | -€398,645 | -€113,189 | -39.7% |
| Amounts payable | 17/49 | €1,667,767 | €1,745,429 | +€77,662 | +4.7% |
| Amounts payable after more than one year | 17 | €1,424,671 | €1,379,242 | -€45,429 | -3.2% |
| Financial debts | 170/4 | €1,424,671 | €1,133,242 | -€291,429 | -20.5% |
| Other amounts payable | 178/9 | - | €246,000 | +€246,000 | |
| Amounts payable within one year | 42/48 | €243,097 | €366,188 | +€123,091 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €74,852 | €82,435 | +€7,583 | +10.1% |
| Trade debts | 44 | €51,124 | €18,808 | -€32,316 | -63.2% |
| Suppliers | 440/4 | €51,124 | €18,808 | -€32,316 | -63.2% |
| Taxes, remuneration and social security | 45 | €42,678 | €76,415 | +€33,738 | +79.1% |
| Taxes | 450/3 | €13,768 | €33,800 | +€20,032 | +145.5% |
| Remuneration and social security | 454/9 | €28,909 | €42,616 | +€13,706 | +47.4% |
| Other amounts payable | 47/48 | €74,443 | €188,530 | +€114,087 | +153.3% |
| Remuneration, social security and pensions | 62 | €169,360 | €404,660 | +€235,300 | +138.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,370 | €85,256 | +€9,885 | +13.1% |
| Other operating charges | 640/8 | €9,577 | €11,674 | +€2,097 | +21.9% |
| Gross operating margin | 9900 | €60,295 | €444,691 | +€384,396 | +637.5% |
| Operating profit (loss) | 9901 | -€194,013 | -€56,899 | +€137,114 | +70.7% |
| Financial income | 75/76B | €1,036 | €1,951 | +€915 | +88.3% |
| Recurring financial income | 75 | €1,036 | €1,951 | +€915 | +88.3% |
| Financial charges | 65/66B | €40,568 | €58,241 | +€17,673 | +43.6% |
| Recurring financial charges | 65 | €40,568 | €58,241 | +€17,673 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | -€233,544 | -€113,189 | +€120,355 | +51.5% |
| Profit (loss) for the period | 9904 | -€233,544 | -€113,189 | +€120,355 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€233,544 | -€113,189 | +€120,355 | +51.5% |
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 12 October 2026 via checked.be.