ARISTEA: 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.
ARISTEA
Largest movements
- Financial fixed assets -€3.6m
down €3.6m (-38.3%), from €9.4m to €5.8m
- Cash +€1.0m
up €1.0m (+29.1%), from €3.5m to €4.5m
mainly Investment in fixed assets (net) (+€3.6m) and Trade debts (+€18,776)
- Other debts -€1.9m
no longer reported in 2025 (was €1.9m)
- Profit (loss) carried forward -€671,730
new in 2025: -€671,730
- Financial charges +€3.5m
up €3.5m (+2606.4%), from €135,316 to €3.7m
of which Non-recurring financial charges: +€3.6m
- Financial income +€1.3m
up €1.3m (+34.8%), from €3.7m to €5.0m
- Taxes +€385,220
up €385,220 (+108.4%), from €355,270 to €740,490
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 | €12,871,264 | €10,264,194 | -€2.6m | -20.3% |
| Fixed assets | 21/28 | €9,420,534 | €5,808,534 | -€3.6m | -38.3% |
| Financial fixed assets | 28 | €9,420,534 | €5,808,534 | -€3.6m | -38.3% |
| Affiliated companies | 280/1 | €9,420,534 | €5,808,534 | -€3.6m | -38.3% |
| Participating interests | 280 | €9,420,534 | €5,808,534 | -€3.6m | -38.3% |
| Current assets | 29/58 | €3,450,730 | €4,455,660 | +€1.0m | +29.1% |
| Cash at bank and in hand | 54/58 | €3,450,730 | €4,455,660 | +€1.0m | +29.1% |
| Total equity and liabilities | 10/49 | €12,871,264 | €10,264,194 | -€2.6m | -20.3% |
| Equity | 10/15 | €10,436,097 | €9,764,367 | -€671,730 | -6.4% |
| Contributions | 10/11 | €9,487,361 | €9,487,361 | = | 0.0% |
| Capital | 10 | €9,487,361 | €9,487,361 | = | 0.0% |
| Issued capital | 100 | €9,487,361 | €9,487,361 | = | 0.0% |
| Reserves | 13 | €948,736 | €948,736 | = | 0.0% |
| Non-distributable reserves | 130/1 | €948,736 | €948,736 | = | 0.0% |
| Legal reserve | 130 | €948,736 | €948,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€671,730 | -€671,730 | |
| Amounts payable | 17/49 | €2,435,167 | €499,827 | -€1.9m | -79.5% |
| Amounts payable within one year | 42/48 | €2,215,704 | €305,784 | -€1.9m | -86.2% |
| Trade debts | 44 | €235,672 | €254,448 | +€18,776 | +8.0% |
| Suppliers | 440/4 | €235,672 | €254,448 | +€18,776 | +8.0% |
| Taxes, remuneration and social security | 45 | €49,255 | €51,336 | +€2,081 | +4.2% |
| Taxes | 450/3 | €49,255 | €51,336 | +€2,081 | +4.2% |
| Other amounts payable | 47/48 | €1,930,777 | - | -€1.9m | |
| Accrued charges and deferred income | 492/3 | €219,463 | €194,043 | -€25,420 | -11.6% |
| Operating charges | 60/66A | €1,271,059 | €1,248,218 | -€22,841 | -1.8% |
| Services and other goods | 61 | €1,249,278 | €1,239,912 | -€9,366 | -0.7% |
| Other operating charges | 640/8 | €21,781 | €8,306 | -€13,475 | -61.9% |
| Operating profit (loss) | 9901 | -€1,271,059 | -€1,248,218 | +€22,841 | +1.8% |
| Financial income | 75/76B | €3,692,422 | €4,979,226 | +€1.3m | +34.8% |
| Recurring financial income | 75 | €3,692,422 | €4,979,226 | +€1.3m | +34.8% |
| Income from financial fixed assets | 750 | €3,434,258 | €4,872,670 | +€1.4m | +41.9% |
| Income from current assets | 751 | €125,548 | €77,124 | -€48,424 | -38.6% |
| Other financial income | 752/9 | €132,616 | €29,432 | -€103,184 | -77.8% |
| Financial charges | 65/66B | €135,316 | €3,662,248 | +€3.5m | +2606.4% |
| Recurring financial charges | 65 | €135,316 | €50,248 | -€85,068 | -62.9% |
| Debt charges | 650 | - | €21 | +€21 | |
| Other financial charges | 652/9 | €135,316 | €50,227 | -€85,089 | -62.9% |
| Non-recurring financial charges | 66B | - | €3,612,000 | +€3.6m | |
| Profit (loss) for the period before taxes | 9903 | €2,286,047 | €68,760 | -€2.2m | -97.0% |
| Income taxes | 67/77 | €355,270 | €740,490 | +€385,220 | +108.4% |
| Taxes | 670/3 | €355,270 | €740,490 | +€385,220 | +108.4% |
| Profit (loss) for the period | 9904 | €1,930,777 | -€671,730 | -€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,930,777 | -€671,730 | -€2.6m |
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 1 October 2026 via checked.be.