ARO SK: 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 SK
Largest movements
- Tangible fixed assets +€8,625
new in 2025: €8,625
- Cash -€2,105
down €2,105 (-80.2%), from €2,624 to €519
mainly Investment in fixed assets (net) (-€11,500) and Trade debts (-€3,671)
- Deferred charges and accrued income +€1,873
up €1,873 (+3,383%), from €55 to €1,928
- Receivables within one year +€1,648
up €1,648 (+48.6%), from €3,391 to €5,039
of which Other amounts receivable: +€1,967
- Debts after one year +€7,620
new in 2025: €7,620
- Trade debts -€3,671
down €3,671 (-79.7%), from €4,608 to €938
- Current portion of long-term debt +€3,591
new in 2025: €3,591
- Reserves +€1,962
new in 2025: €1,962
- Profit (loss) carried forward +€538
no longer reported in 2025 (was -€538)
- Gross operating margin +€7,604
up €7,604 (+698%), from €1,089 to €8,693
- Depreciation +€2,875
new in 2025: €2,875
- Taxes +€1,239
new in 2025: €1,239
- Financial charges +€275
up €275 (+100%), from €275 to €550
- Other operating charges +€178
up €178 (+13.0%), from €1,367 to €1,545
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 | €6,070 | €16,110 | +€10,040 | +165% |
| Fixed assets | 21/28 | - | €8,625 | +€8,625 | |
| Tangible fixed assets | 22/27 | - | €8,625 | +€8,625 | |
| Furniture and vehicles | 24 | - | €8,625 | +€8,625 | |
| Current assets | 29/58 | €6,070 | €7,485 | +€1,415 | +23.3% |
| Amounts receivable within one year | 40/41 | €3,391 | €5,039 | +€1,648 | +48.6% |
| Trade receivables | 40 | €2,544 | €2,225 | -€319 | -12.5% |
| Other amounts receivable | 41 | €847 | €2,814 | +€1,967 | +232% |
| Cash at bank and in hand | 54/58 | €2,624 | €519 | -€2,105 | -80.2% |
| Deferred charges and accrued income | 490/1 | €55 | €1,928 | +€1,873 | +3,383% |
| Total equity and liabilities | 10/49 | €6,070 | €16,110 | +€10,040 | +165% |
| Equity | 10/15 | €1,462 | €3,962 | +€2,500 | +171% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €1,962 | +€1,962 | |
| Distributable reserves | 133 | - | €1,962 | +€1,962 | |
| Profit (loss) carried forward | 14 | -€538 | - | +€538 | |
| Amounts payable | 17/49 | €4,608 | €12,148 | +€7,540 | +164% |
| Amounts payable after more than one year | 17 | - | €7,620 | +€7,620 | |
| Financial debts | 170/4 | - | €7,620 | +€7,620 | |
| Amounts payable within one year | 42/48 | €4,608 | €4,528 | -€80 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,591 | +€3,591 | |
| Trade debts | 44 | €4,608 | €938 | -€3,671 | -79.7% |
| Suppliers | 440/4 | €4,608 | €938 | -€3,671 | -79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,875 | +€2,875 | |
| Other operating charges | 640/8 | €1,367 | €1,545 | +€178 | +13.0% |
| Gross operating margin | 9900 | €1,089 | €8,693 | +€7,604 | +698% |
| Operating profit (loss) | 9901 | -€278 | €4,273 | +€4,551 | |
| Financial income | 75/76B | €15 | €17 | +€1 | +9.0% |
| Recurring financial income | 75 | €15 | €17 | +€1 | +9.0% |
| Financial charges | 65/66B | €275 | €550 | +€275 | +100% |
| Recurring financial charges | 65 | €275 | €550 | +€275 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€538 | €3,739 | +€4,277 | |
| Income taxes | 67/77 | - | €1,239 | +€1,239 | |
| Profit (loss) for the period | 9904 | -€538 | €2,500 | +€3,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€538 | €2,500 | +€3,038 |
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 18 October 2026 via checked.be.