ARION: what changed
Two fiscal 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.
ARION
Largest movements
- Tangible fixed assets -€14,756
down €14,756 (-8.6%), from €171,797 to €157,041
of which Land and buildings: -€11,478
- Receivables within one year +€3,220
new in 2025: €3,220
- Profit (loss) carried forward -€20,452
down €20,452 (-9.0%), from -€226,694 to -€247,146
- Other debts +€9,437
up €9,437 (+2.8%), from €338,138 to €347,575
- Gross operating margin -€7,259
down €7,259, from €6,116 to -€1,143
- Other operating charges -€6,037
down €6,037 (-58.1%), from €10,387 to €4,350
- Depreciation +€841
up €841 (+6.0%), from €13,915 to €14,756
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 | €174,237 | €162,572 | -€11,665 | -6.7% |
| Fixed assets | 21/28 | €171,797 | €157,041 | -€14,756 | -8.6% |
| Tangible fixed assets | 22/27 | €171,797 | €157,041 | -€14,756 | -8.6% |
| Land and buildings | 22 | €156,724 | €145,246 | -€11,478 | -7.3% |
| Furniture and vehicles | 24 | €15,073 | €11,795 | -€3,278 | -21.7% |
| Current assets | 29/58 | €2,440 | €5,531 | +€3,091 | +126.7% |
| Amounts receivable within one year | 40/41 | - | €3,220 | +€3,220 | |
| Trade receivables | 40 | - | €3,220 | +€3,220 | |
| Cash at bank and in hand | 54/58 | €797 | €615 | -€182 | -22.8% |
| Deferred charges and accrued income | 490/1 | €1,643 | €1,696 | +€53 | +3.2% |
| Total equity and liabilities | 10/49 | €174,237 | €162,572 | -€11,665 | -6.7% |
| Equity | 10/15 | -€164,694 | -€185,146 | -€20,452 | -12.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Profit (loss) carried forward | 14 | -€226,694 | -€247,146 | -€20,452 | -9.0% |
| Amounts payable | 17/49 | €338,931 | €347,718 | +€8,787 | +2.6% |
| Amounts payable within one year | 42/48 | €338,544 | €347,718 | +€9,174 | +2.7% |
| Trade debts | 44 | €377 | €39 | -€338 | -89.7% |
| Suppliers | 440/4 | €377 | €39 | -€338 | -89.7% |
| Taxes, remuneration and social security | 45 | €29 | €104 | +€75 | +258.6% |
| Taxes | 450/3 | €29 | €104 | +€75 | +258.6% |
| Other amounts payable | 47/48 | €338,138 | €347,575 | +€9,437 | +2.8% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,915 | €14,756 | +€841 | +6.0% |
| Other operating charges | 640/8 | €10,387 | €4,350 | -€6,037 | -58.1% |
| Non-recurring operating charges | 66A | €198 | €58 | -€140 | -70.7% |
| Gross operating margin | 9900 | €6,116 | -€1,143 | -€7,259 | |
| Operating profit (loss) | 9901 | -€18,384 | -€20,307 | -€1,923 | -10.5% |
| Financial charges | 65/66B | €51 | €70 | +€19 | +37.3% |
| Recurring financial charges | 65 | €51 | €70 | +€19 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,435 | -€20,377 | -€1,942 | -10.5% |
| Income taxes | 67/77 | €30 | €75 | +€45 | +150.0% |
| Profit (loss) for the period | 9904 | -€18,465 | -€20,452 | -€1,987 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,465 | -€20,452 | -€1,987 | -10.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.