ARLI: 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.
ARLI
Largest movements
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€298,219
up €298,219 (+120%), from €249,235 to €547,454
mainly Current investments (+€300,000) and Other debts (+€23,213)
- Tangible fixed assets +€26,729
up €26,729, from €0 to €26,729
of which Leasing and similar rights: +€26,729
- Reserves -€31,793
down €31,793 (-3.4%), from €945,418 to €913,625
- Financial income -€56,049
down €56,049 (-94.0%), from €59,604 to €3,556
of which Financial income: -€56,742
- Gross operating margin -€45,567
down €45,567 (-19.2%), from €236,850 to €191,283
- Taxes -€14,749
down €14,749 (-99.8%), from €14,777 to €28
- Financial charges -€12,588
down €12,588 (-14.6%), from €86,416 to €73,828
- Staff costs -€12,200
down €12,200 (-7.5%), from €162,966 to €150,766
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 | €2,410,640 | €2,432,179 | +€21,539 | +0.9% |
| Fixed assets | 21/28 | €1,842,051 | €1,868,780 | +€26,729 | +1.5% |
| Tangible fixed assets | 22/27 | €0 | €26,729 | +€26,729 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | - | €26,729 | +€26,729 | |
| Financial fixed assets | 28 | €1,842,051 | €1,842,051 | = | 0.0% |
| Current assets | 29/58 | €568,589 | €563,399 | -€5,191 | -0.9% |
| Amounts receivable within one year | 40/41 | €16,262 | €13,217 | -€3,045 | -18.7% |
| Trade receivables | 40 | €10,042 | €938 | -€9,104 | -90.7% |
| Other amounts receivable | 41 | €6,221 | €12,280 | +€6,059 | +97.4% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €249,235 | €547,454 | +€298,219 | +120% |
| Deferred charges and accrued income | 490/1 | €3,092 | €2,727 | -€365 | -11.8% |
| Total equity and liabilities | 10/49 | €2,410,640 | €2,432,179 | +€21,539 | +0.9% |
| Equity | 10/15 | €1,275,793 | €1,244,000 | -€31,793 | -2.5% |
| Contributions | 10/11 | €330,375 | €330,375 | = | 0.0% |
| Reserves | 13 | €945,418 | €913,625 | -€31,793 | -3.4% |
| Distributable reserves | 133 | €945,418 | €913,625 | -€31,793 | -3.4% |
| Amounts payable | 17/49 | €1,134,847 | €1,188,179 | +€53,332 | +4.7% |
| Amounts payable after more than one year | 17 | €955,000 | €977,108 | +€22,108 | +2.3% |
| Financial debts | 170/4 | - | €22,108 | +€22,108 | |
| Other amounts payable | 178/9 | €955,000 | €955,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,143 | €137,860 | +€40,717 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,706 | +€4,706 | |
| Trade debts | 44 | €2,052 | €18,349 | +€16,298 | +794% |
| Suppliers | 440/4 | €2,052 | €18,349 | +€16,298 | +794% |
| Taxes, remuneration and social security | 45 | €23,418 | €19,919 | -€3,499 | -14.9% |
| Taxes | 450/3 | €4,027 | €4,027 | = | 0.0% |
| Remuneration and social security | 454/9 | €19,392 | €15,892 | -€3,499 | -18.0% |
| Other amounts payable | 47/48 | €71,673 | €94,886 | +€23,213 | +32.4% |
| Accrued charges and deferred income | 492/3 | €82,704 | €73,211 | -€9,493 | -11.5% |
| Remuneration, social security and pensions | 62 | €162,966 | €150,766 | -€12,200 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €462 | +€427 | +1,224% |
| Other operating charges | 640/8 | €1,569 | €1,548 | -€21 | -1.3% |
| Gross operating margin | 9900 | €236,850 | €191,283 | -€45,567 | -19.2% |
| Operating profit (loss) | 9901 | €72,281 | €38,507 | -€33,774 | -46.7% |
| Financial income | 75/76B | €59,604 | €3,556 | -€56,049 | -94.0% |
| Recurring financial income | 75 | €59,604 | €2,862 | -€56,742 | -95.2% |
| Non-recurring financial income | 76B | - | €693 | +€693 | |
| Financial charges | 65/66B | €86,416 | €73,828 | -€12,588 | -14.6% |
| Recurring financial charges | 65 | €86,416 | €73,828 | -€12,588 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €45,470 | -€31,765 | -€77,235 | |
| Income taxes | 67/77 | €14,777 | €28 | -€14,749 | -99.8% |
| Profit (loss) for the period | 9904 | €30,693 | -€31,793 | -€62,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,693 | -€31,793 | -€62,486 |
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 28 October 2026 via checked.be.