Arios: 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.
Arios
Largest movements
- Receivables within one year +€159,966
up €159,966 (+402.0%), from €39,792 to €199,758
of which Other amounts receivable: +€159,018
- Cash -€117,129
down €117,129 (-61.9%), from €189,120 to €71,991
mainly Receivables within one year (-€159,966) and Debts after one year (-€9,608)
- Tangible fixed assets -€14,779
down €14,779 (-5.7%), from €259,551 to €244,772
of which Furniture and vehicles: -€8,689
- Reserves +€42,246
up €42,246 (+14.1%), from €298,872 to €341,118
of which Distributable reserves: +€42,246
- Debts after one year -€9,608
down €9,608 (-6.1%), from €157,482 to €147,875
- Trade debts -€6,529
down €6,529 (-56.4%), from €11,576 to €5,047
- Gross operating margin +€15,719
up €15,719 (+19.4%), from €80,985 to €96,704
- Financial charges +€12,001
up €12,001 (+238.3%), from €5,035 to €17,036
- Financial income +€3,065
up €3,065 (+321.6%), from €953 to €4,018
- Taxes +€1,943
up €1,943 (+12.4%), from €15,685 to €17,628
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 | €492,538 | €523,696 | +€31,158 | +6.3% |
| Fixed assets | 21/28 | €259,551 | €244,772 | -€14,779 | -5.7% |
| Tangible fixed assets | 22/27 | €259,551 | €244,772 | -€14,779 | -5.7% |
| Land and buildings | 22 | €235,285 | €229,643 | -€5,642 | -2.4% |
| Plant, machinery and equipment | 23 | €6,356 | €5,908 | -€448 | -7.0% |
| Furniture and vehicles | 24 | €17,910 | €9,221 | -€8,689 | -48.5% |
| Current assets | 29/58 | €232,987 | €278,924 | +€45,937 | +19.7% |
| Amounts receivable within one year | 40/41 | €39,792 | €199,758 | +€159,966 | +402.0% |
| Trade receivables | 40 | €38,290 | €39,238 | +€948 | +2.5% |
| Other amounts receivable | 41 | €1,502 | €160,521 | +€159,018 | +10585.6% |
| Cash at bank and in hand | 54/58 | €189,120 | €71,991 | -€117,129 | -61.9% |
| Deferred charges and accrued income | 490/1 | €4,075 | €7,175 | +€3,100 | +76.1% |
| Total equity and liabilities | 10/49 | €492,538 | €523,696 | +€31,158 | +6.3% |
| Equity | 10/15 | €305,072 | €347,318 | +€42,246 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €298,872 | €341,118 | +€42,246 | +14.1% |
| 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 | €297,012 | €339,258 | +€42,246 | +14.2% |
| Amounts payable | 17/49 | €187,466 | €176,379 | -€11,088 | -5.9% |
| Amounts payable after more than one year | 17 | €157,482 | €147,875 | -€9,608 | -6.1% |
| Financial debts | 170/4 | €157,482 | €147,875 | -€9,608 | -6.1% |
| Amounts payable within one year | 42/48 | €29,984 | €28,504 | -€1,480 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €9,472 | €9,608 | +€135 | +1.4% |
| Trade debts | 44 | €11,576 | €5,047 | -€6,529 | -56.4% |
| Suppliers | 440/4 | €11,576 | €5,047 | -€6,529 | -56.4% |
| Taxes, remuneration and social security | 45 | €8,936 | €13,849 | +€4,913 | +55.0% |
| Taxes | 450/3 | €8,936 | €13,849 | +€4,913 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,843 | €20,397 | -€446 | -2.1% |
| Other operating charges | 640/8 | €4,145 | €3,415 | -€730 | -17.6% |
| Gross operating margin | 9900 | €80,985 | €96,704 | +€15,719 | +19.4% |
| Operating profit (loss) | 9901 | €55,997 | €72,891 | +€16,895 | +30.2% |
| Financial income | 75/76B | €953 | €4,018 | +€3,065 | +321.6% |
| Recurring financial income | 75 | €953 | €4,018 | +€3,065 | +321.6% |
| Financial charges | 65/66B | €5,035 | €17,036 | +€12,001 | +238.3% |
| Recurring financial charges | 65 | €5,035 | €17,036 | +€12,001 | +238.3% |
| Profit (loss) for the period before taxes | 9903 | €51,914 | €59,874 | +€7,959 | +15.3% |
| Income taxes | 67/77 | €15,685 | €17,628 | +€1,943 | +12.4% |
| Profit (loss) for the period | 9904 | €36,229 | €42,246 | +€6,017 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,229 | €42,246 | +€6,017 | +16.6% |
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.