ARIX: 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.
ARIX
Largest movements
- Receivables within one year -€16,378
down €16,378 (-38.7%), from €42,359 to €25,982
of which Trade receivables: -€14,435
- Reserves +€38,612
up €38,612 (+9.5%), from €404,411 to €443,023
of which Tax-exempt reserves: +€54,730
- Accrued charges and deferred income -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts -€19,822
down €19,822 (-59.6%), from €33,243 to €13,421
- Other debts -€5,786
down €5,786 (-15.4%), from €37,451 to €31,665
- Gross operating margin +€90,503
up €90,503 (+139.9%), from €64,708 to €155,211
- Taxes +€40,767
up €40,767 (+2164.6%), from €1,883 to €42,651
- Other operating charges -€25,250
down €25,250 (-96.8%), from €26,086 to €836
- Financial income -€18,559
down €18,559 (-73.8%), from €25,140 to €6,581
- Financial charges -€12,502
down €12,502 (-90.1%), from €13,881 to €1,379
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 | €500,384 | €488,773 | -€11,612 | -2.3% |
| Formation expenses | 20 | €716 | €524 | -€192 | -26.9% |
| Fixed assets | 21/28 | €12,250 | €10,827 | -€1,423 | -11.6% |
| Tangible fixed assets | 22/27 | €12,250 | €10,827 | -€1,423 | -11.6% |
| Plant, machinery and equipment | 23 | €3,288 | €4,317 | +€1,029 | +31.3% |
| Other tangible fixed assets | 26 | €8,962 | €6,510 | -€2,452 | -27.4% |
| Current assets | 29/58 | €487,418 | €477,422 | -€9,996 | -2.1% |
| Amounts receivable within one year | 40/41 | €42,359 | €25,982 | -€16,378 | -38.7% |
| Trade receivables | 40 | €34,444 | €20,008 | -€14,435 | -41.9% |
| Other amounts receivable | 41 | €7,916 | €5,973 | -€1,943 | -24.5% |
| Current investments | 50/53 | €333,877 | €338,269 | +€4,392 | +1.3% |
| Cash at bank and in hand | 54/58 | €108,428 | €110,690 | +€2,262 | +2.1% |
| Deferred charges and accrued income | 490/1 | €2,753 | €2,481 | -€272 | -9.9% |
| Total equity and liabilities | 10/49 | €500,384 | €488,773 | -€11,612 | -2.3% |
| Equity | 10/15 | €404,411 | €443,023 | +€38,612 | +9.5% |
| Reserves | 13 | €404,411 | €443,023 | +€38,612 | +9.5% |
| Tax-exempt reserves | 132 | €60 | €54,790 | +€54,730 | +91491.1% |
| Distributable reserves | 133 | €404,352 | €388,234 | -€16,118 | -4.0% |
| Amounts payable | 17/49 | €95,973 | €45,749 | -€50,223 | -52.3% |
| Amounts payable within one year | 42/48 | €70,973 | €45,749 | -€25,223 | -35.5% |
| Trade debts | 44 | €279 | €663 | +€384 | +137.7% |
| Suppliers | 440/4 | €279 | €663 | +€384 | +137.7% |
| Taxes, remuneration and social security | 45 | €33,243 | €13,421 | -€19,822 | -59.6% |
| Taxes | 450/3 | €33,243 | €13,421 | -€19,822 | -59.6% |
| Other amounts payable | 47/48 | €37,451 | €31,665 | -€5,786 | -15.4% |
| Accrued charges and deferred income | 492/3 | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,863 | €4,728 | -€1,135 | -19.4% |
| Other operating charges | 640/8 | €26,086 | €836 | -€25,250 | -96.8% |
| Gross operating margin | 9900 | €64,708 | €155,211 | +€90,503 | +139.9% |
| Operating profit (loss) | 9901 | €32,758 | €149,647 | +€116,888 | +356.8% |
| Financial income | 75/76B | €25,140 | €6,581 | -€18,559 | -73.8% |
| Recurring financial income | 75 | €25,140 | €6,581 | -€18,559 | -73.8% |
| Financial charges | 65/66B | €13,881 | €1,379 | -€12,502 | -90.1% |
| Recurring financial charges | 65 | €13,881 | €1,379 | -€12,502 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | €44,018 | €154,849 | +€110,831 | +251.8% |
| Income taxes | 67/77 | €1,883 | €42,651 | +€40,767 | +2164.6% |
| Profit (loss) for the period | 9904 | €42,134 | €112,198 | +€70,064 | +166.3% |
| Transfer to tax-exempt reserves | 689 | - | €54,730 | +€54,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,134 | €57,468 | +€15,334 | +36.4% |
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 10 October 2026 via checked.be.