Aristar: 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.
Aristar
Largest movements
- Tangible fixed assets +€3,257
new in 2025: €3,257
- Receivables within one year -€2,125
down €2,125 (-65.0%), from €3,269 to €1,144
of which Trade receivables: -€2,411
- Cash -€965
down €965 (-38.0%), from €2,542 to €1,577
mainly Investment in fixed assets (net) (-€3,719) and Tax, wage and social debts (-€2,336)
- Tax, wage and social debts -€2,336
down €2,336 (-81.3%), from €2,874 to €538
of which Taxes: -€2,336
- Reserves +€1,431
up €1,431 (+240%), from €595 to €2,026
- Other debts +€567
up €567 (+43.4%), from €1,307 to €1,873
- Trade debts +€505
up €505 (+1,430%), from €35 to €541
- Gross operating margin +€2,322
up €2,322 (+381%), from €610 to €2,932
- Other operating charges -€665
down €665 (-69.0%), from €964 to €299
- Depreciation +€462
new in 2025: €462
- Taxes -€320
down €320 (-37.3%), from €858 to €538
- Financial charges -€226
down €226 (-52.0%), from €435 to €209
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 | €5,811 | €5,978 | +€167 | +2.9% |
| Fixed assets | 21/28 | - | €3,257 | +€3,257 | |
| Tangible fixed assets | 22/27 | - | €3,257 | +€3,257 | |
| Furniture and vehicles | 24 | - | €3,257 | +€3,257 | |
| Current assets | 29/58 | €5,811 | €2,721 | -€3,090 | -53.2% |
| Amounts receivable within one year | 40/41 | €3,269 | €1,144 | -€2,125 | -65.0% |
| Trade receivables | 40 | €3,269 | €859 | -€2,411 | -73.7% |
| Other amounts receivable | 41 | €0 | €286 | +€286 | |
| Cash at bank and in hand | 54/58 | €2,542 | €1,577 | -€965 | -38.0% |
| Total equity and liabilities | 10/49 | €5,811 | €5,978 | +€167 | +2.9% |
| Equity | 10/15 | €1,595 | €3,026 | +€1,431 | +89.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €595 | €2,026 | +€1,431 | +240% |
| Distributable reserves | 133 | €595 | €2,026 | +€1,431 | +240% |
| Amounts payable | 17/49 | €4,215 | €2,952 | -€1,263 | -30.0% |
| Amounts payable within one year | 42/48 | €4,215 | €2,952 | -€1,263 | -30.0% |
| Trade debts | 44 | €35 | €541 | +€505 | +1,430% |
| Suppliers | 440/4 | €35 | €541 | +€505 | +1,430% |
| Taxes, remuneration and social security | 45 | €2,874 | €538 | -€2,336 | -81.3% |
| Taxes | 450/3 | €2,874 | €538 | -€2,336 | -81.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,307 | €1,873 | +€567 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €462 | +€462 | |
| Other operating charges | 640/8 | €964 | €299 | -€665 | -69.0% |
| Gross operating margin | 9900 | €610 | €2,932 | +€2,322 | +381% |
| Operating profit (loss) | 9901 | -€355 | €2,170 | +€2,525 | |
| Financial income | 75/76B | €4 | €7 | +€3 | +84.8% |
| Recurring financial income | 75 | €4 | €7 | +€3 | +84.8% |
| Financial charges | 65/66B | €435 | €209 | -€226 | -52.0% |
| Recurring financial charges | 65 | €435 | €209 | -€226 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | -€786 | €1,969 | +€2,755 | |
| Income taxes | 67/77 | €858 | €538 | -€320 | -37.3% |
| Profit (loss) for the period | 9904 | -€1,644 | €1,431 | +€3,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,644 | €1,431 | +€3,074 |
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 17 October 2026 via checked.be.