ARO-LAW: 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.
ARO-LAW
Largest movements
- Deferred charges and accrued income +€3,111
up €3,111 (+325%), from €958 to €4,069
- Cash -€428
down €428 (-11.4%), from €3,755 to €3,328
mainly Deferred charges and accrued income (-€3,111) and Tax, wage and social debts (-€500)
- Receivables within one year +€360
up €360 (+45.2%), from €796 to €1,156
- Trade debts +€2,757
up €2,757 (+283%), from €973 to €3,731
- Tax, wage and social debts -€500
down €500 (-24.2%), from €2,066 to €1,566
of which Taxes: -€660
- Other debts +€423
new in 2025: €423
- Profit (loss) carried forward +€363
up €363 (+68.4%), from -€530 to -€167
- Gross operating margin +€1,308
up €1,308 (+70.2%), from €1,861 to €3,169
- Taxes +€501
up €501 (+53.2%), from €943 to €1,444
- Other operating charges -€401
down €401 (-38.8%), from €1,034 to €633
- Financial charges +€301
up €301 (+68.6%), from €439 to €740
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 | €5,509 | €8,553 | +€3,044 | +55.2% |
| Current assets | 29/58 | €5,509 | €8,553 | +€3,044 | +55.2% |
| Amounts receivable within one year | 40/41 | €796 | €1,156 | +€360 | +45.2% |
| Other amounts receivable | 41 | €796 | €1,156 | +€360 | +45.2% |
| Cash at bank and in hand | 54/58 | €3,755 | €3,328 | -€428 | -11.4% |
| Deferred charges and accrued income | 490/1 | €958 | €4,069 | +€3,111 | +325% |
| Total equity and liabilities | 10/49 | €5,509 | €8,553 | +€3,044 | +55.2% |
| Equity | 10/15 | €2,470 | €2,833 | +€363 | +14.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€530 | -€167 | +€363 | +68.4% |
| Amounts payable | 17/49 | €3,039 | €5,720 | +€2,681 | +88.2% |
| Amounts payable within one year | 42/48 | €3,039 | €5,720 | +€2,681 | +88.2% |
| Trade debts | 44 | €973 | €3,731 | +€2,757 | +283% |
| Suppliers | 440/4 | €973 | €3,731 | +€2,757 | +283% |
| Taxes, remuneration and social security | 45 | €2,066 | €1,566 | -€500 | -24.2% |
| Taxes | 450/3 | €1,906 | €1,246 | -€660 | -34.6% |
| Remuneration and social security | 454/9 | €160 | €320 | +€160 | +100% |
| Other amounts payable | 47/48 | - | €423 | +€423 | |
| Non-recurring operating income | 76A | - | €3,150 | +€3,150 | |
| Other operating charges | 640/8 | €1,034 | €633 | -€401 | -38.8% |
| Gross operating margin | 9900 | €1,861 | €3,169 | +€1,308 | +70.2% |
| Operating profit (loss) | 9901 | €827 | €2,536 | +€1,708 | +206% |
| Financial income | 75/76B | €24 | €10 | -€14 | -58.1% |
| Recurring financial income | 75 | €24 | €10 | -€14 | -58.1% |
| Financial charges | 65/66B | €439 | €740 | +€301 | +68.6% |
| Recurring financial charges | 65 | €439 | €740 | +€301 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €413 | €1,806 | +€1,394 | +338% |
| Income taxes | 67/77 | €943 | €1,444 | +€501 | +53.2% |
| Profit (loss) for the period | 9904 | -€530 | €363 | +€892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€530 | €363 | +€892 |
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 20 October 2026 via checked.be.