ARIO: 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.
ARIO
Largest movements
- Cash +€53,336
up €53,336 (+67.3%), from €79,249 to €132,585
mainly Net result for the year (+€43,838) and Depreciation (+€30,026)
- Tangible fixed assets -€30,026
down €30,026 (-4.6%), from €657,624 to €627,598
- Profit (loss) carried forward +€36,647
up €36,647 (+308%), from €11,917 to €48,564
- Debts after one year -€26,017
down €26,017 (-8.0%), from €325,383 to €299,366
- Tax, wage and social debts +€14,459
up €14,459, from €0 to €14,459
- Gross operating margin +€18,743
up €18,743 (+20.2%), from €92,697 to €111,440
- Taxes +€14,658
new in 2025: €14,658
- Financial charges -€1,224
down €1,224 (-15.4%), from €7,954 to €6,730
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 | €739,170 | €763,489 | +€24,319 | +3.3% |
| Fixed assets | 21/28 | €657,922 | €627,896 | -€30,026 | -4.6% |
| Tangible fixed assets | 22/27 | €657,624 | €627,598 | -€30,026 | -4.6% |
| Land and buildings | 22 | €657,624 | €627,598 | -€30,026 | -4.6% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €81,248 | €135,593 | +€54,345 | +66.9% |
| Amounts receivable within one year | 40/41 | €0 | €831 | +€831 | |
| Trade receivables | 40 | €0 | €831 | +€831 | |
| Cash at bank and in hand | 54/58 | €79,249 | €132,585 | +€53,336 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,998 | €2,177 | +€178 | +8.9% |
| Total equity and liabilities | 10/49 | €739,170 | €763,489 | +€24,319 | +3.3% |
| Equity | 10/15 | €141,067 | €184,905 | +€43,838 | +31.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €5,203 | €12,395 | +€7,192 | +138% |
| Non-distributable reserves | 130/1 | €5,203 | €12,395 | +€7,192 | +138% |
| Legal reserve | 130 | €5,203 | €12,395 | +€7,192 | +138% |
| Profit (loss) carried forward | 14 | €11,917 | €48,564 | +€36,647 | +308% |
| Amounts payable | 17/49 | €598,103 | €578,583 | -€19,519 | -3.3% |
| Amounts payable after more than one year | 17 | €325,383 | €299,366 | -€26,017 | -8.0% |
| Financial debts | 170/4 | €325,383 | €299,366 | -€26,017 | -8.0% |
| Amounts payable within one year | 42/48 | €272,720 | €279,218 | +€6,498 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €59,301 | €53,717 | -€5,584 | -9.4% |
| Financial debts | 43 | €8 | €8 | = | 0.0% |
| Credit institutions | 430/8 | €8 | €8 | = | 0.0% |
| Trade debts | 44 | €5,484 | €659 | -€4,824 | -88.0% |
| Suppliers | 440/4 | €5,484 | €659 | -€4,824 | -88.0% |
| Advances received on contracts in progress | 46 | - | €2,447 | +€2,447 | |
| Taxes, remuneration and social security | 45 | €0 | €14,459 | +€14,459 | |
| Taxes | 450/3 | €0 | €14,459 | +€14,459 | |
| Other amounts payable | 47/48 | €207,928 | €207,928 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,971 | €30,026 | +€55 | +0.2% |
| Other operating charges | 640/8 | €16,230 | €16,873 | +€643 | +4.0% |
| Gross operating margin | 9900 | €92,697 | €111,440 | +€18,743 | +20.2% |
| Operating profit (loss) | 9901 | €46,497 | €64,541 | +€18,044 | +38.8% |
| Financial income | 75/76B | €152 | €685 | +€533 | +350% |
| Recurring financial income | 75 | €152 | €685 | +€533 | +350% |
| Financial charges | 65/66B | €7,954 | €6,730 | -€1,224 | -15.4% |
| Recurring financial charges | 65 | €7,954 | €6,730 | -€1,224 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €38,695 | €58,496 | +€19,801 | +51.2% |
| Income taxes | 67/77 | - | €14,658 | +€14,658 | |
| Profit (loss) for the period | 9904 | €38,695 | €43,838 | +€5,143 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,695 | €43,838 | +€5,143 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.