ARISTIDE: 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.
What changed
ARISTIDE
NACE 46.833, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€112,424
2024 · €8,916-€121,339
Equity
€1.5m
2024 · €1.6m-€112,424
Cash
€255,657
2024 · €247,050+€8,607
Balance sheet total
€2.0m
2024 · €2.1m-€120,069
Largest movements
Assets
- Stocks and contracts -€110,067
down €110,067 (-10.5%), from €1.0m to €934,465
Equity and liabilities
- Reserves -€112,424
down €112,424 (-8.3%), from €1.3m to €1.2m
of which Distributable reserves: -€112,424
- Trade debts +€40,774
up €40,774 (+17.4%), from €234,928 to €275,701
- Tax, wage and social debts -€29,332
down €29,332 (-21.0%), from €139,905 to €110,573
of which Taxes: -€15,635
Income statement
- Gross operating margin -€82,214
down €82,214 (-9.3%), from €883,097 to €800,884
- Staff costs +€34,534
up €34,534 (+4.0%), from €871,461 to €905,994
- Financial income -€20,965
down €20,965 (-59.8%), from €35,039 to €14,074
of which Non-recurring financial income: -€20,231
- Taxes -€16,922
down €16,922, from €14,226 to -€2,696
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.
Result 2024
€8,916
Gross operating margin
-€82,214
Staff costs
-€34,534
Depreciation
+€296
Write-downs
-€2,378
Other operating charges
+€567
Financial income
-€20,965
Financial charges
+€964
Taxes
+€16,922
Result 2025
-€112,424
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.
From operations
+€29,632
Investment
-€1,939
Financing
-€19,087
Cash 2024
€247,050
From operations (derived)
+€29,632
Net result for the year
-€112,424
Depreciation
+€9,263
Stocks and contracts
+€110,067
Receivables within one year
+€10,367
Deferred charges and accrued income
+€919
Trade debts
+€40,774
Tax, wage and social debts
-€29,332
Investment (derived)
-€1,939
Investment in fixed assets (net)
-€1,939
Financing
-€19,087
Debts after one year
-€19,537
Current portion of long-term debt
+€450
Cash 2025
€255,657
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,125,288 | €2,005,219 | -€120,069 | -5.6% |
| Fixed assets | 21/28 | €550,151 | €542,827 | -€7,324 | -1.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,475 | €7,151 | -€7,324 | -50.6% |
| Land and buildings | 22 | €519 | €0 | -€519 | -100.0% |
| Plant, machinery and equipment | 23 | €5,399 | €0 | -€5,399 | -100.0% |
| Furniture and vehicles | 24 | €8,557 | €7,151 | -€1,406 | -16.4% |
| Financial fixed assets | 28 | €535,677 | €535,677 | = | 0.0% |
| Current assets | 29/58 | €1,575,137 | €1,462,391 | -€112,745 | -7.2% |
| Stocks and contracts in progress | 3 | €1,044,532 | €934,465 | -€110,067 | -10.5% |
| Stocks | 30/36 | €1,044,532 | €934,465 | -€110,067 | -10.5% |
| Amounts receivable within one year | 40/41 | €268,028 | €257,661 | -€10,367 | -3.9% |
| Trade receivables | 40 | €246,441 | €229,877 | -€16,564 | -6.7% |
| Other amounts receivable | 41 | €21,586 | €27,784 | +€6,198 | +28.7% |
| Cash at bank and in hand | 54/58 | €247,050 | €255,657 | +€8,607 | +3.5% |
| Deferred charges and accrued income | 490/1 | €15,527 | €14,609 | -€919 | -5.9% |
| Total equity and liabilities | 10/49 | €2,125,288 | €2,005,219 | -€120,069 | -5.6% |
| Equity | 10/15 | €1,597,729 | €1,485,305 | -€112,424 | -7.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,347,729 | €1,235,305 | -€112,424 | -8.3% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,377 | €39,377 | = | 0.0% |
| Distributable reserves | 133 | €1,283,352 | €1,170,928 | -€112,424 | -8.8% |
| Amounts payable | 17/49 | €527,559 | €519,914 | -€7,645 | -1.4% |
| Amounts payable after more than one year | 17 | €133,639 | €114,103 | -€19,537 | -14.6% |
| Financial debts | 170/4 | €133,639 | €114,103 | -€19,537 | -14.6% |
| Amounts payable within one year | 42/48 | €393,919 | €405,811 | +€11,892 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €19,087 | €19,537 | +€450 | +2.4% |
| Trade debts | 44 | €234,928 | €275,701 | +€40,774 | +17.4% |
| Suppliers | 440/4 | €234,928 | €275,701 | +€40,774 | +17.4% |
| Taxes, remuneration and social security | 45 | €139,905 | €110,573 | -€29,332 | -21.0% |
| Taxes | 450/3 | €21,011 | €5,376 | -€15,635 | -74.4% |
| Remuneration and social security | 454/9 | €118,894 | €105,196 | -€13,697 | -11.5% |
| Remuneration, social security and pensions | 62 | €871,461 | €905,994 | +€34,534 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,560 | €9,263 | -€296 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €457 | €2,835 | +€2,378 | +520.8% |
| Other operating charges | 640/8 | €6,929 | €6,361 | -€567 | -8.2% |
| Gross operating margin | 9900 | €883,097 | €800,884 | -€82,214 | -9.3% |
| Operating profit (loss) | 9901 | -€5,308 | -€123,569 | -€118,261 | -2228.0% |
| Financial income | 75/76B | €35,039 | €14,074 | -€20,965 | -59.8% |
| Recurring financial income | 75 | €14,808 | €14,074 | -€734 | -5.0% |
| Non-recurring financial income | 76B | €20,231 | - | -€20,231 | |
| Financial charges | 65/66B | €6,589 | €5,625 | -€964 | -14.6% |
| Recurring financial charges | 65 | €6,589 | €5,625 | -€964 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €23,142 | -€115,120 | -€138,262 | |
| Income taxes | 67/77 | €14,226 | -€2,696 | -€16,922 | |
| Profit (loss) for the period | 9904 | €8,916 | -€112,424 | -€121,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,916 | -€112,424 | -€121,339 |
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 12 October 2026 via checked.be.