ARIS TOCLE: 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.
ARIS TOCLE
Largest movements
- Receivables within one year -€56,601
down €56,601 (-36.8%), from €154,006 to €97,405
of which Trade receivables: -€46,317
- Tangible fixed assets -€46,673
down €46,673 (-16.3%), from €286,611 to €239,938
of which Furniture and vehicles: -€25,609
- Stocks and contracts +€35,678
new in 2025: €35,678
- Cash +€34,196
up €34,196 (+139%), from €24,574 to €58,769
mainly Depreciation (+€61,090) and Receivables within one year (+€56,601)
- Deferred charges and accrued income +€4,883
up €4,883 (+56.9%), from €8,582 to €13,464
- Debts after one year -€64,635
down €64,635 (-47.8%), from €135,089 to €70,454
- Reserves +€26,000
up €26,000 (+1,398%), from €1,860 to €27,860
- Accrued charges and deferred income +€16,498
up €16,498 (+34,079%), from €48 to €16,546
- Trade debts -€13,621
down €13,621 (-22.2%), from €61,458 to €47,837
- Tax, wage and social debts +€5,487
up €5,487 (+29.0%), from €18,893 to €24,380
of which Taxes: +€3,124
- Gross operating margin +€39,038
up €39,038 (+40.5%), from €96,415 to €135,453
- Depreciation +€10,660
up €10,660 (+21.1%), from €50,430 to €61,090
- Taxes +€8,075
up €8,075 (+259%), from €3,114 to €11,189
- Staff costs +€6,640
up €6,640 (+25.6%), from €25,986 to €32,626
- Write-downs -€5,346
new in 2025: -€5,346
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 | €480,373 | €451,855 | -€28,518 | -5.9% |
| Fixed assets | 21/28 | €293,211 | €246,538 | -€46,673 | -15.9% |
| Tangible fixed assets | 22/27 | €286,611 | €239,938 | -€46,673 | -16.3% |
| Plant, machinery and equipment | 23 | €38,864 | €37,100 | -€1,764 | -4.5% |
| Furniture and vehicles | 24 | €125,514 | €99,905 | -€25,609 | -20.4% |
| Leasing and similar rights | 25 | €122,233 | €102,933 | -€19,300 | -15.8% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €187,162 | €205,317 | +€18,155 | +9.7% |
| Stocks and contracts in progress | 3 | - | €35,678 | +€35,678 | |
| Stocks | 30/36 | - | €35,678 | +€35,678 | |
| Amounts receivable within one year | 40/41 | €154,006 | €97,405 | -€56,601 | -36.8% |
| Trade receivables | 40 | €117,252 | €70,935 | -€46,317 | -39.5% |
| Other amounts receivable | 41 | €36,754 | €26,470 | -€10,284 | -28.0% |
| Cash at bank and in hand | 54/58 | €24,574 | €58,769 | +€34,196 | +139% |
| Deferred charges and accrued income | 490/1 | €8,582 | €13,464 | +€4,883 | +56.9% |
| Total equity and liabilities | 10/49 | €480,373 | €451,855 | -€28,518 | -5.9% |
| Equity | 10/15 | €193,553 | €217,912 | +€24,358 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €27,860 | +€26,000 | +1,398% |
| Distributable reserves | 133 | €1,860 | €27,860 | +€26,000 | +1,398% |
| Profit (loss) carried forward | 14 | €173,270 | €173,558 | +€288 | +0.2% |
| Investment grants | 15 | €12,223 | €10,293 | -€1,930 | -15.8% |
| Amounts payable | 17/49 | €286,820 | €233,943 | -€52,876 | -18.4% |
| Amounts payable after more than one year | 17 | €135,089 | €70,454 | -€64,635 | -47.8% |
| Financial debts | 170/4 | €135,089 | €70,454 | -€64,635 | -47.8% |
| Amounts payable within one year | 42/48 | €151,683 | €146,943 | -€4,739 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €71,200 | €72,861 | +€1,661 | +2.3% |
| Financial debts | 43 | - | €1,865 | +€1,865 | |
| Credit institutions | 430/8 | - | €1,865 | +€1,865 | |
| Trade debts | 44 | €61,458 | €47,837 | -€13,621 | -22.2% |
| Suppliers | 440/4 | €61,458 | €47,837 | -€13,621 | -22.2% |
| Taxes, remuneration and social security | 45 | €18,893 | €24,380 | +€5,487 | +29.0% |
| Taxes | 450/3 | €14,097 | €17,221 | +€3,124 | +22.2% |
| Remuneration and social security | 454/9 | €4,796 | €7,159 | +€2,363 | +49.3% |
| Other amounts payable | 47/48 | €131 | - | -€131 | |
| Accrued charges and deferred income | 492/3 | €48 | €16,546 | +€16,498 | +34,079% |
| Non-recurring operating income | 76A | €773 | €17,040 | +€16,267 | +2,105% |
| Remuneration, social security and pensions | 62 | €25,986 | €32,626 | +€6,640 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,430 | €61,090 | +€10,660 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,346 | -€5,346 | |
| Other operating charges | 640/8 | €3,208 | €3,653 | +€445 | +13.9% |
| Gross operating margin | 9900 | €96,415 | €135,453 | +€39,038 | +40.5% |
| Operating profit (loss) | 9901 | €16,790 | €43,429 | +€26,639 | +159% |
| Financial income | 75/76B | €2,020 | €2,584 | +€564 | +27.9% |
| Recurring financial income | 75 | €2,020 | €2,354 | +€334 | +16.5% |
| Non-recurring financial income | 76B | - | €230 | +€230 | |
| Financial charges | 65/66B | €7,871 | €8,535 | +€664 | +8.4% |
| Recurring financial charges | 65 | €6,863 | €8,535 | +€1,672 | +24.4% |
| Non-recurring financial charges | 66B | €1,008 | - | -€1,008 | |
| Profit (loss) for the period before taxes | 9903 | €10,939 | €37,477 | +€26,538 | +243% |
| Income taxes | 67/77 | €3,114 | €11,189 | +€8,075 | +259% |
| Profit (loss) for the period | 9904 | €7,825 | €26,288 | +€18,463 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €7,825 | €26,288 | +€18,463 | +236% |
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 18 October 2026 via checked.be.