ARIUS: 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.
ARIUS
Largest movements
- Cash -€341,165
down €341,165 (-91.0%), from €374,739 to €33,574
mainly Contributions, distributions and other (-€290,676) and Receivables within one year (-€61,186)
- Receivables within one year +€61,186
up €61,186 (+4284.5%), from €1,428 to €62,615
of which Trade receivables: +€48,549
- Stocks and contracts +€46,495
up €46,495 (+4250.9%), from €1,094 to €47,589
- Reserves -€236,928
down €236,928 (-70.7%), from €335,143 to €98,215
- Advances received +€28,498
new in 2025: €28,498
- Debts after one year -€14,343
down €14,343 (-66.5%), from €21,556 to €7,213
- Gross operating margin -€51,088
down €51,088 (-39.6%), from €128,995 to €77,907
- Taxes -€11,476
down €11,476 (-45.6%), from €25,193 to €13,717
- Depreciation +€2,405
up €2,405 (+32.3%), from €7,443 to €9,848
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 | €397,549 | €167,783 | -€229,766 | -57.8% |
| Fixed assets | 21/28 | €19,323 | €22,975 | +€3,652 | +18.9% |
| Tangible fixed assets | 22/27 | €19,323 | €22,975 | +€3,652 | +18.9% |
| Land and buildings | 22 | €2,588 | €1,371 | -€1,217 | -47.0% |
| Plant, machinery and equipment | 23 | €2,009 | €13,612 | +€11,602 | +577.5% |
| Furniture and vehicles | 24 | €14,726 | €7,993 | -€6,733 | -45.7% |
| Current assets | 29/58 | €378,226 | €144,807 | -€233,418 | -61.7% |
| Stocks and contracts in progress | 3 | €1,094 | €47,589 | +€46,495 | +4250.9% |
| Stocks | 30/36 | €1,094 | €47,589 | +€46,495 | +4250.9% |
| Amounts receivable within one year | 40/41 | €1,428 | €62,615 | +€61,186 | +4284.5% |
| Trade receivables | 40 | €37 | €48,586 | +€48,549 | +132612.5% |
| Other amounts receivable | 41 | €1,391 | €14,029 | +€12,637 | +908.2% |
| Cash at bank and in hand | 54/58 | €374,739 | €33,574 | -€341,165 | -91.0% |
| Deferred charges and accrued income | 490/1 | €964 | €1,030 | +€65 | +6.8% |
| Total equity and liabilities | 10/49 | €397,549 | €167,783 | -€229,766 | -57.8% |
| Equity | 10/15 | €353,743 | €116,815 | -€236,928 | -67.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,143 | €98,215 | -€236,928 | -70.7% |
| Distributable reserves | 133 | €335,143 | €98,215 | -€236,928 | -70.7% |
| Amounts payable | 17/49 | €43,806 | €50,968 | +€7,162 | +16.3% |
| Amounts payable after more than one year | 17 | €21,556 | €7,213 | -€14,343 | -66.5% |
| Other amounts payable | 178/9 | €21,556 | €7,213 | -€14,343 | -66.5% |
| Amounts payable within one year | 42/48 | €19,865 | €42,369 | +€22,504 | +113.3% |
| Trade debts | 44 | €15,475 | €11,545 | -€3,930 | -25.4% |
| Suppliers | 440/4 | €15,475 | €11,545 | -€3,930 | -25.4% |
| Advances received on contracts in progress | 46 | - | €28,498 | +€28,498 | |
| Taxes, remuneration and social security | 45 | €4,389 | €2,325 | -€2,064 | -47.0% |
| Taxes | 450/3 | €4,389 | €2,325 | -€2,064 | -47.0% |
| Accrued charges and deferred income | 492/3 | €2,385 | €1,386 | -€999 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,443 | €9,848 | +€2,405 | +32.3% |
| Other operating charges | 640/8 | €426 | €436 | +€10 | +2.3% |
| Gross operating margin | 9900 | €128,995 | €77,907 | -€51,088 | -39.6% |
| Operating profit (loss) | 9901 | €121,126 | €67,623 | -€53,502 | -44.2% |
| Financial income | 75/76B | €986 | €1,291 | +€305 | +31.0% |
| Recurring financial income | 75 | €986 | €1,291 | +€305 | +31.0% |
| Financial charges | 65/66B | €2,452 | €1,449 | -€1,003 | -40.9% |
| Recurring financial charges | 65 | €2,452 | €1,449 | -€1,003 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €119,660 | €67,466 | -€52,194 | -43.6% |
| Income taxes | 67/77 | €25,193 | €13,717 | -€11,476 | -45.6% |
| Profit (loss) for the period | 9904 | €94,467 | €53,748 | -€40,718 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,467 | €53,748 | -€40,718 | -43.1% |
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 8 October 2026 via checked.be.