AROFISC: what changed
Two fiscal 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.
AROFISC
Largest movements
- Tangible fixed assets -€36,339
down €36,339 (-8.8%), from €412,046 to €375,707
of which Plant, machinery and equipment: -€18,308
- Receivables within one year +€9,140
up €9,140 (+31.1%), from €29,345 to €38,485
- Cash +€8,255
up €8,255 (+4.9%), from €169,682 to €177,937
mainly Depreciation (+€39,367) and Other debts (+€33,350)
- Other debts +€33,350
up €33,350 (+133.4%), from €25,000 to €58,350
- Reserves -€26,762
down €26,762 (-8.5%), from €314,776 to €288,014
of which Distributable reserves: -€15,351
- Debts after one year -€22,523
down €22,523 (-18.9%), from €119,011 to €96,488
- Current portion of long-term debt -€6,485
down €6,485 (-22.4%), from €29,008 to €22,523
- Gross operating margin +€58,637
up €58,637 (+17.9%), from €327,090 to €385,728
- Staff costs +€17,297
up €17,297 (+6.5%), from €267,446 to €284,743
- Taxes +€12,128
up €12,128 (+156.9%), from €7,728 to €19,856
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 | €612,121 | €593,796 | -€18,325 | -3.0% |
| Fixed assets | 21/28 | €413,094 | €376,755 | -€36,339 | -8.8% |
| Tangible fixed assets | 22/27 | €412,046 | €375,707 | -€36,339 | -8.8% |
| Land and buildings | 22 | €299,835 | €292,146 | -€7,689 | -2.6% |
| Plant, machinery and equipment | 23 | €91,387 | €73,079 | -€18,308 | -20.0% |
| Furniture and vehicles | 24 | €20,824 | €10,482 | -€10,342 | -49.7% |
| Financial fixed assets | 28 | €1,047 | €1,047 | = | 0.0% |
| Current assets | 29/58 | €199,027 | €217,041 | +€18,014 | +9.1% |
| Amounts receivable within one year | 40/41 | €29,345 | €38,485 | +€9,140 | +31.1% |
| Trade receivables | 40 | €29,345 | €38,485 | +€9,140 | +31.1% |
| Cash at bank and in hand | 54/58 | €169,682 | €177,937 | +€8,255 | +4.9% |
| Deferred charges and accrued income | 490/1 | - | €619 | +€619 | |
| Total equity and liabilities | 10/49 | €612,121 | €593,796 | -€18,325 | -3.0% |
| Equity | 10/15 | €333,376 | €306,614 | -€26,762 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,776 | €288,014 | -€26,762 | -8.5% |
| Tax-exempt reserves | 132 | €111,806 | €100,395 | -€11,411 | -10.2% |
| Distributable reserves | 133 | €202,970 | €187,619 | -€15,351 | -7.6% |
| Provisions and deferred taxes | 16 | €27,952 | €25,099 | -€2,853 | -10.2% |
| Provisions for liabilities and charges | 160/5 | €27,952 | €25,099 | -€2,853 | -10.2% |
| Taxes | 161 | €27,952 | €25,099 | -€2,853 | -10.2% |
| Amounts payable | 17/49 | €250,793 | €262,083 | +€11,289 | +4.5% |
| Amounts payable after more than one year | 17 | €119,011 | €96,488 | -€22,523 | -18.9% |
| Financial debts | 170/4 | €119,011 | €96,488 | -€22,523 | -18.9% |
| Amounts payable within one year | 42/48 | €131,782 | €165,595 | +€33,813 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €29,008 | €22,523 | -€6,485 | -22.4% |
| Financial debts | 43 | €2,000 | €4,000 | +€2,000 | +100.0% |
| Credit institutions | 430/8 | €2,000 | €4,000 | +€2,000 | +100.0% |
| Trade debts | 44 | €15,824 | €16,358 | +€534 | +3.4% |
| Suppliers | 440/4 | €15,824 | €16,358 | +€534 | +3.4% |
| Taxes, remuneration and social security | 45 | €59,950 | €64,364 | +€4,414 | +7.4% |
| Taxes | 450/3 | - | €22,249 | +€22,249 | |
| Remuneration and social security | 454/9 | €59,950 | €42,114 | -€17,836 | -29.8% |
| Other amounts payable | 47/48 | €25,000 | €58,350 | +€33,350 | +133.4% |
| Remuneration, social security and pensions | 62 | €267,446 | €284,743 | +€17,297 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,273 | €39,367 | -€906 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,730 | €2,100 | -€630 | -23.1% |
| Other operating charges | 640/8 | €11,739 | €10,471 | -€1,268 | -10.8% |
| Gross operating margin | 9900 | €327,090 | €385,728 | +€58,637 | +17.9% |
| Operating profit (loss) | 9901 | €4,902 | €49,047 | +€44,145 | +900.5% |
| Financial income | 75/76B | €1,558 | €1,561 | +€3 | +0.2% |
| Recurring financial income | 75 | €1,558 | €1,561 | +€3 | +0.2% |
| Financial charges | 65/66B | €4,350 | €4,199 | -€151 | -3.5% |
| Recurring financial charges | 65 | €4,350 | €4,199 | -€151 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €2,111 | €46,409 | +€44,299 | +2098.7% |
| Transfer from deferred taxes | 780 | €2,853 | €2,853 | = | 0.0% |
| Income taxes | 67/77 | €7,728 | €19,856 | +€12,128 | +156.9% |
| Profit (loss) for the period | 9904 | -€2,764 | €29,406 | +€32,171 | |
| Transfer from tax-exempt reserves | 789 | €11,411 | €11,411 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,647 | €40,817 | +€32,171 | +372.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.