ARISCO: 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.
ARISCO
Largest movements
- Tangible fixed assets +€3.5m
up €3.5m (+714.9%), from €483,681 to €3.9m
of which Land and buildings: +€3.1m
- Stocks and contracts +€230,768
up €230,768 (+24.4%), from €945,145 to €1.2m
- Receivables within one year -€208,384
down €208,384 (-27.0%), from €772,626 to €564,242
of which Trade receivables: -€139,134
- Debts after one year +€2.6m
up €2.6m (+1021.0%), from €255,787 to €2.9m
- Short-term financial debts +€435,777
up €435,777 (+124.5%), from €350,000 to €785,777
of which Credit institutions: +€435,000
- Trade debts +€375,975
up €375,975 (+163.6%), from €229,844 to €605,819
- Current portion of long-term debt +€209,898
up €209,898, from €0 to €209,898
- Reserves -€73,952
down €73,952 (-7.5%), from €989,625 to €915,673
of which Tax-exempt reserves: -€54,094
- Financial income -€673,485
down €673,485 (-98.7%), from €682,021 to €8,536
of which Non-recurring financial income: -€679,769
- Gross operating margin +€231,012
up €231,012 (+23.0%), from €1.0m to €1.2m
- Depreciation +€163,311
up €163,311 (+253.5%), from €64,423 to €227,734
- Staff costs +€99,058
up €99,058 (+11.2%), from €884,539 to €983,597
- Other operating charges -€29,847
down €29,847 (-76.4%), from €39,075 to €9,227
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 | €2,369,048 | €5,792,382 | +€3.4m | +144.5% |
| Fixed assets | 21/28 | €524,791 | €3,983,125 | +€3.5m | +659.0% |
| Intangible fixed assets | 21 | €17,232 | €17,585 | +€353 | +2.1% |
| Tangible fixed assets | 22/27 | €483,681 | €3,941,661 | +€3.5m | +714.9% |
| Land and buildings | 22 | €0 | €3,063,669 | +€3.1m | |
| Plant, machinery and equipment | 23 | €32,453 | €83,969 | +€51,516 | +158.7% |
| Furniture and vehicles | 24 | €146,153 | €549,217 | +€403,064 | +275.8% |
| Leasing and similar rights | 25 | €0 | €244,806 | +€244,806 | |
| Assets under construction and advance payments | 27 | €305,076 | €0 | -€305,076 | -100.0% |
| Financial fixed assets | 28 | €23,878 | €23,878 | = | 0.0% |
| Current assets | 29/58 | €1,844,257 | €1,809,258 | -€34,999 | -1.9% |
| Stocks and contracts in progress | 3 | €945,145 | €1,175,913 | +€230,768 | +24.4% |
| Stocks | 30/36 | €945,145 | €1,175,913 | +€230,768 | +24.4% |
| Amounts receivable within one year | 40/41 | €772,626 | €564,242 | -€208,384 | -27.0% |
| Trade receivables | 40 | €477,487 | €338,353 | -€139,134 | -29.1% |
| Other amounts receivable | 41 | €295,139 | €225,889 | -€69,250 | -23.5% |
| Cash at bank and in hand | 54/58 | €107,270 | €54,243 | -€53,027 | -49.4% |
| Deferred charges and accrued income | 490/1 | €19,215 | €14,860 | -€4,355 | -22.7% |
| Total equity and liabilities | 10/49 | €2,369,048 | €5,792,382 | +€3.4m | +144.5% |
| Equity | 10/15 | €1,126,025 | €1,052,073 | -€73,952 | -6.6% |
| Contributions | 10/11 | €136,400 | €136,400 | = | 0.0% |
| Capital | 10 | €136,400 | €136,400 | = | 0.0% |
| Issued capital | 100 | €136,400 | €136,400 | = | 0.0% |
| Reserves | 13 | €989,625 | €915,673 | -€73,952 | -7.5% |
| Non-distributable reserves | 130/1 | €28,513 | €28,513 | = | 0.0% |
| Legal reserve | 130 | €28,513 | €28,513 | = | 0.0% |
| Tax-exempt reserves | 132 | €469,086 | €414,992 | -€54,094 | -11.5% |
| Distributable reserves | 133 | €492,026 | €472,168 | -€19,858 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €150,442 | €132,410 | -€18,031 | -12.0% |
| Deferred taxes | 168 | €150,442 | €132,410 | -€18,031 | -12.0% |
| Amounts payable | 17/49 | €1,092,581 | €4,607,899 | +€3.5m | +321.7% |
| Amounts payable after more than one year | 17 | €255,787 | €2,867,453 | +€2.6m | +1021.0% |
| Financial debts | 170/4 | €255,787 | €2,867,453 | +€2.6m | +1021.0% |
| Amounts payable within one year | 42/48 | €836,794 | €1,740,446 | +€903,652 | +108.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €209,898 | +€209,898 | |
| Financial debts | 43 | €350,000 | €785,777 | +€435,777 | +124.5% |
| Credit institutions | 430/8 | €350,000 | €785,000 | +€435,000 | +124.3% |
| Other loans | 439 | - | €777 | +€777 | |
| Trade debts | 44 | €229,844 | €605,819 | +€375,975 | +163.6% |
| Suppliers | 440/4 | €229,844 | €605,819 | +€375,975 | +163.6% |
| Taxes, remuneration and social security | 45 | €191,950 | €138,952 | -€52,998 | -27.6% |
| Taxes | 450/3 | €55,945 | €31,669 | -€24,276 | -43.4% |
| Remuneration and social security | 454/9 | €136,005 | €107,283 | -€28,721 | -21.1% |
| Other amounts payable | 47/48 | €65,000 | €0 | -€65,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €884,539 | €983,597 | +€99,058 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,423 | €227,734 | +€163,311 | +253.5% |
| Other operating charges | 640/8 | €39,075 | €9,227 | -€29,847 | -76.4% |
| Non-recurring operating charges | 66A | €63,054 | €3,098 | -€59,956 | -95.1% |
| Gross operating margin | 9900 | €1,002,273 | €1,233,285 | +€231,012 | +23.0% |
| Operating profit (loss) | 9901 | -€48,819 | €9,628 | +€58,447 | |
| Financial income | 75/76B | €682,021 | €8,536 | -€673,485 | -98.7% |
| Recurring financial income | 75 | €2,252 | €8,536 | +€6,284 | +279.0% |
| Non-recurring financial income | 76B | €679,769 | €0 | -€679,769 | -100.0% |
| Financial charges | 65/66B | €85,180 | €109,368 | +€24,188 | +28.4% |
| Recurring financial charges | 65 | €85,180 | €109,368 | +€24,188 | +28.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €548,023 | -€91,203 | -€639,226 | |
| Transfer from deferred taxes | 780 | €16,978 | €18,031 | +€1,053 | +6.2% |
| Transfer to deferred taxes | 680 | €150,442 | €0 | -€150,442 | -100.0% |
| Income taxes | 67/77 | €1,359 | €781 | -€578 | -42.5% |
| Profit (loss) for the period | 9904 | €413,200 | -€73,952 | -€487,153 | |
| Transfer from tax-exempt reserves | 789 | €50,934 | €54,094 | +€3,160 | +6.2% |
| Transfer to tax-exempt reserves | 689 | €469,086 | €0 | -€469,086 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,952 | -€19,858 | -€14,906 | -301.0% |
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 4 October 2026 via checked.be.