ARIYA-MAGGA: 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.
ARIYA-MAGGA
Largest movements
- Tangible fixed assets -€21,737
down €21,737 (-10.5%), from €207,162 to €185,425
of which Land and buildings: -€20,318
- Cash +€14,437
up €14,437 (+54.5%), from €26,469 to €40,905
mainly Depreciation (+€21,737) and Receivables within one year (+€13,276)
- Receivables within one year -€13,276
down €13,276 (-100%), from €13,276 to €0
of which Trade receivables: -€7,087
- Current investments +€12,687
up €12,687 (+146%), from €8,696 to €21,383
- Debts after one year -€18,182
down €18,182 (-19.9%), from €91,179 to €72,997
- Other debts +€8,201
up €8,201 (+34.0%), from €24,092 to €32,293
- Profit (loss) carried forward +€4,474
up €4,474 (+47.9%), from -€9,346 to -€4,872
- Gross operating margin +€17,528
up €17,528 (+118%), from €14,805 to €32,333
- Depreciation +€1,173
up €1,173 (+5.7%), from €20,564 to €21,737
- Financial income -€991
down €991 (-33.0%), from €3,004 to €2,014
- Other operating charges +€688
up €688 (+39.1%), from €1,759 to €2,447
- Financial charges +€565
up €565 (+12.0%), from €4,690 to €5,254
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 | €257,930 | €249,453 | -€8,477 | -3.3% |
| Fixed assets | 21/28 | €207,162 | €185,425 | -€21,737 | -10.5% |
| Tangible fixed assets | 22/27 | €207,162 | €185,425 | -€21,737 | -10.5% |
| Land and buildings | 22 | €202,858 | €182,540 | -€20,318 | -10.0% |
| Plant, machinery and equipment | 23 | €3,158 | €2,152 | -€1,007 | -31.9% |
| Furniture and vehicles | 24 | €1,146 | €733 | -€413 | -36.0% |
| Current assets | 29/58 | €50,768 | €64,028 | +€13,260 | +26.1% |
| Amounts receivable within one year | 40/41 | €13,276 | €0 | -€13,276 | -100% |
| Trade receivables | 40 | €7,087 | €0 | -€7,087 | -100% |
| Other amounts receivable | 41 | €6,189 | €0 | -€6,189 | -100% |
| Current investments | 50/53 | €8,696 | €21,383 | +€12,687 | +146% |
| Cash at bank and in hand | 54/58 | €26,469 | €40,905 | +€14,437 | +54.5% |
| Deferred charges and accrued income | 490/1 | €2,328 | €1,740 | -€588 | -25.2% |
| Total equity and liabilities | 10/49 | €257,930 | €249,453 | -€8,477 | -3.3% |
| Equity | 10/15 | €120,099 | €124,573 | +€4,474 | +3.7% |
| Reserves | 13 | €129,445 | €129,445 | = | 0.0% |
| Distributable reserves | 133 | €129,445 | €129,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,346 | -€4,872 | +€4,474 | +47.9% |
| Amounts payable | 17/49 | €137,831 | €124,880 | -€12,951 | -9.4% |
| Amounts payable after more than one year | 17 | €91,179 | €72,997 | -€18,182 | -19.9% |
| Financial debts | 170/4 | €91,179 | €72,997 | -€18,182 | -19.9% |
| Amounts payable within one year | 42/48 | €46,652 | €51,883 | +€5,232 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €19,519 | €18,182 | -€1,336 | -6.8% |
| Financial debts | 43 | €30 | €28 | -€2 | -6.8% |
| Credit institutions | 430/8 | €30 | €28 | -€2 | -6.8% |
| Trade debts | 44 | €642 | €6 | -€636 | -99.1% |
| Suppliers | 440/4 | €642 | €6 | -€636 | -99.1% |
| Taxes, remuneration and social security | 45 | €2,369 | €1,374 | -€995 | -42.0% |
| Taxes | 450/3 | €2,369 | €1,374 | -€995 | -42.0% |
| Other amounts payable | 47/48 | €24,092 | €32,293 | +€8,201 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,564 | €21,737 | +€1,173 | +5.7% |
| Other operating charges | 640/8 | €1,759 | €2,447 | +€688 | +39.1% |
| Non-recurring operating charges | 66A | - | €242 | +€242 | |
| Gross operating margin | 9900 | €14,805 | €32,333 | +€17,528 | +118% |
| Operating profit (loss) | 9901 | -€7,518 | €7,907 | +€15,425 | |
| Financial income | 75/76B | €3,004 | €2,014 | -€991 | -33.0% |
| Recurring financial income | 75 | €3,004 | €2,014 | -€991 | -33.0% |
| Financial charges | 65/66B | €4,690 | €5,254 | +€565 | +12.0% |
| Recurring financial charges | 65 | €4,690 | €5,254 | +€565 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,204 | €4,666 | +€13,870 | |
| Income taxes | 67/77 | €142 | €193 | +€50 | +35.4% |
| Profit (loss) for the period | 9904 | -€9,346 | €4,474 | +€13,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,346 | €4,474 | +€13,819 |
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 27 October 2026 via checked.be.