ARION-CO: 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.
ARION-CO
Largest movements
- Receivables within one year +€31,232
up €31,232 (+64.4%), from €48,465 to €79,696
of which Other amounts receivable: +€16,194
- Tangible fixed assets +€4,507
up €4,507 (+24.4%), from €18,443 to €22,949
of which Furniture and vehicles: +€7,130
- Financial fixed assets +€3,650
up €3,650 (+350%), from €1,044 to €4,694
- Deferred charges and accrued income +€1,623
up €1,623 (+765%), from €212 to €1,835
- Accrued charges and deferred income +€109,622
new in 2025: €109,622
- Trade debts -€35,640
down €35,640 (-72.4%), from €49,221 to €13,581
- Advances received -€32,000
no longer reported in 2025 (was €32,000)
- Reserves -€25,000
down €25,000 (-93.1%), from €26,860 to €1,860
of which Distributable reserves: -€25,000
- Profit (loss) carried forward +€14,840
up €14,840, from -€1,046 to €13,794
- Staff costs -€18,918
down €18,918 (-13.5%), from €140,351 to €121,432
- Gross operating margin +€11,352
up €11,352 (+7.0%), from €161,547 to €172,899
- Other operating charges -€9,678
down €9,678 (-77.0%), from €12,571 to €2,892
- Taxes +€7,064
up €7,064 (+2,384%), from €296 to €7,360
- Financial income -€5,995
down €5,995 (-95.8%), from €6,258 to €263
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 | €120,083 | €159,063 | +€38,981 | +32.5% |
| Fixed assets | 21/28 | €24,361 | €31,130 | +€6,769 | +27.8% |
| Intangible fixed assets | 21 | €4,874 | €3,487 | -€1,388 | -28.5% |
| Tangible fixed assets | 22/27 | €18,443 | €22,949 | +€4,507 | +24.4% |
| Plant, machinery and equipment | 23 | €5,182 | €2,558 | -€2,624 | -50.6% |
| Furniture and vehicles | 24 | €13,260 | €20,391 | +€7,130 | +53.8% |
| Financial fixed assets | 28 | €1,044 | €4,694 | +€3,650 | +350% |
| Current assets | 29/58 | €95,722 | €127,934 | +€32,212 | +33.7% |
| Amounts receivable within one year | 40/41 | €48,465 | €79,696 | +€31,232 | +64.4% |
| Trade receivables | 40 | €37,915 | €52,952 | +€15,037 | +39.7% |
| Other amounts receivable | 41 | €10,550 | €26,744 | +€16,194 | +154% |
| Cash at bank and in hand | 54/58 | €47,045 | €46,402 | -€643 | -1.4% |
| Deferred charges and accrued income | 490/1 | €212 | €1,835 | +€1,623 | +765% |
| Total equity and liabilities | 10/49 | €120,083 | €159,063 | +€38,981 | +32.5% |
| Equity | 10/15 | €32,014 | €21,854 | -€10,160 | -31.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €1,860 | -€25,000 | -93.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | - | -€25,000 | |
| Profit (loss) carried forward | 14 | -€1,046 | €13,794 | +€14,840 | |
| Amounts payable | 17/49 | €88,069 | €137,210 | +€49,141 | +55.8% |
| Amounts payable within one year | 42/48 | €88,069 | €27,587 | -€60,482 | -68.7% |
| Trade debts | 44 | €49,221 | €13,581 | -€35,640 | -72.4% |
| Suppliers | 440/4 | €49,221 | €13,581 | -€35,640 | -72.4% |
| Advances received on contracts in progress | 46 | €32,000 | - | -€32,000 | |
| Taxes, remuneration and social security | 45 | €6,848 | €14,006 | +€7,158 | +105% |
| Taxes | 450/3 | €296 | €12,542 | +€12,245 | +4,133% |
| Remuneration and social security | 454/9 | €6,552 | €1,464 | -€5,087 | -77.7% |
| Accrued charges and deferred income | 492/3 | - | €109,622 | +€109,622 | |
| Remuneration, social security and pensions | 62 | €140,351 | €121,432 | -€18,918 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,273 | €9,789 | -€3,484 | -26.2% |
| Other operating charges | 640/8 | €12,571 | €2,892 | -€9,678 | -77.0% |
| Gross operating margin | 9900 | €161,547 | €172,899 | +€11,352 | +7.0% |
| Operating profit (loss) | 9901 | -€4,648 | €38,785 | +€43,433 | |
| Financial income | 75/76B | €6,258 | €263 | -€5,995 | -95.8% |
| Recurring financial income | 75 | €6,258 | €263 | -€5,995 | -95.8% |
| Financial charges | 65/66B | €7,047 | €8,133 | +€1,087 | +15.4% |
| Recurring financial charges | 65 | €7,047 | €8,133 | +€1,087 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,436 | €30,915 | +€36,351 | |
| Income taxes | 67/77 | €296 | €7,360 | +€7,064 | +2,384% |
| Profit (loss) for the period | 9904 | -€5,733 | €23,554 | +€29,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,733 | €23,554 | +€29,287 |
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 20 October 2026 via checked.be.