ARISTARQUE: 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.
ARISTARQUE
Largest movements
- Receivables within one year +€22,057
up €22,057 (+40.5%), from €54,481 to €76,538
of which Trade receivables: +€19,096
- Tangible fixed assets +€15,800
up €15,800 (+56.4%), from €28,008 to €43,809
of which Furniture and vehicles: +€18,463
- Debts after one year +€12,202
new in 2025: €12,202
- Other debts +€11,892
up €11,892 (+27.4%), from €43,462 to €55,354
- Gross operating margin +€25,856
up €25,856 (+53.3%), from €48,512 to €74,367
- Financial charges +€14,540
up €14,540 (+32.2%), from €45,187 to €59,728
- Depreciation +€5,915
new in 2025: €5,915
- Financial income -€2,858
down €2,858 (-52.9%), from €5,405 to €2,547
- Taxes -€931
down €931 (-15.6%), from €5,971 to €5,040
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 | €648,721 | €690,826 | +€42,105 | +6.5% |
| Fixed assets | 21/28 | €33,071 | €48,871 | +€15,800 | +47.8% |
| Tangible fixed assets | 22/27 | €28,008 | €43,809 | +€15,800 | +56.4% |
| Plant, machinery and equipment | 23 | €7,863 | €5,201 | -€2,662 | -33.9% |
| Furniture and vehicles | 24 | €20,145 | €38,608 | +€18,463 | +91.6% |
| Financial fixed assets | 28 | €5,063 | €5,063 | = | 0.0% |
| Current assets | 29/58 | €615,650 | €641,954 | +€26,304 | +4.3% |
| Amounts receivable within one year | 40/41 | €54,481 | €76,538 | +€22,057 | +40.5% |
| Trade receivables | 40 | €54,481 | €73,578 | +€19,096 | +35.1% |
| Other amounts receivable | 41 | - | €2,960 | +€2,960 | |
| Current investments | 50/53 | €414,724 | €414,724 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,443 | €145,262 | +€2,819 | +2.0% |
| Deferred charges and accrued income | 490/1 | €4,002 | €5,431 | +€1,429 | +35.7% |
| Total equity and liabilities | 10/49 | €648,721 | €690,826 | +€42,105 | +6.5% |
| Equity | 10/15 | €591,070 | €594,724 | +€3,654 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,545 | €62,199 | +€3,654 | +6.2% |
| 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 | €56,685 | €60,339 | +€3,654 | +6.4% |
| Profit (loss) carried forward | 14 | €526,325 | €526,325 | -€0 | 0.0% |
| Amounts payable | 17/49 | €57,652 | €96,102 | +€38,451 | +66.7% |
| Amounts payable after more than one year | 17 | - | €12,202 | +€12,202 | |
| Financial debts | 170/4 | - | €12,202 | +€12,202 | |
| Amounts payable within one year | 42/48 | €57,652 | €83,900 | +€26,248 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,981 | +€4,981 | |
| Trade debts | 44 | €436 | €4,989 | +€4,553 | +1,044% |
| Suppliers | 440/4 | €436 | €4,989 | +€4,553 | +1,044% |
| Taxes, remuneration and social security | 45 | €13,753 | €18,576 | +€4,823 | +35.1% |
| Taxes | 450/3 | €13,753 | €16,138 | +€2,384 | +17.3% |
| Remuneration and social security | 454/9 | - | €2,439 | +€2,439 | |
| Other amounts payable | 47/48 | €43,462 | €55,354 | +€11,892 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,915 | +€5,915 | |
| Other operating charges | 640/8 | €2,053 | €2,577 | +€524 | +25.5% |
| Gross operating margin | 9900 | €48,512 | €74,367 | +€25,856 | +53.3% |
| Operating profit (loss) | 9901 | €46,459 | €65,875 | +€19,416 | +41.8% |
| Financial income | 75/76B | €5,405 | €2,547 | -€2,858 | -52.9% |
| Recurring financial income | 75 | €5,405 | €2,547 | -€2,858 | -52.9% |
| Financial charges | 65/66B | €45,187 | €59,728 | +€14,540 | +32.2% |
| Recurring financial charges | 65 | €45,187 | €59,728 | +€14,540 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €6,676 | €8,694 | +€2,018 | +30.2% |
| Income taxes | 67/77 | €5,971 | €5,040 | -€931 | -15.6% |
| Profit (loss) for the period | 9904 | €705 | €3,654 | +€2,949 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €705 | €3,654 | +€2,949 | +419% |
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 14 October 2026 via checked.be.