ARON: 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.
ARON
Largest movements
- Tangible fixed assets -€72,105
down €72,105 (-5.6%), from €1.3m to €1.2m
- Profit (loss) carried forward -€53,271
down €53,271 (-6.2%), from -€863,807 to -€917,079
- Debts after one year -€19,072
down €19,072 (-0.9%), from €2.1m to €2.1m
- Gross operating margin +€4,110
up €4,110 (+19.9%), from €20,705 to €24,815
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 | €1,298,216 | €1,225,958 | -€72,258 | -5.6% |
| Fixed assets | 21/28 | €1,297,971 | €1,225,866 | -€72,105 | -5.6% |
| Tangible fixed assets | 22/27 | €1,297,971 | €1,225,866 | -€72,105 | -5.6% |
| Land and buildings | 22 | €1,297,971 | €1,225,866 | -€72,105 | -5.6% |
| Current assets | 29/58 | €245 | €92 | -€154 | -62.6% |
| Cash at bank and in hand | 54/58 | €245 | €92 | -€154 | -62.6% |
| Total equity and liabilities | 10/49 | €1,298,216 | €1,225,958 | -€72,258 | -5.6% |
| Equity | 10/15 | -€801,834 | -€855,105 | -€53,271 | -6.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€863,807 | -€917,079 | -€53,271 | -6.2% |
| Amounts payable | 17/49 | €2,100,050 | €2,081,063 | -€18,987 | -0.9% |
| Amounts payable after more than one year | 17 | €2,098,023 | €2,078,952 | -€19,072 | -0.9% |
| Other amounts payable | 178/9 | €2,098,023 | €2,078,952 | -€19,072 | -0.9% |
| Accrued charges and deferred income | 492/3 | €2,027 | €2,111 | +€85 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,155 | €72,105 | -€51 | -0.1% |
| Other operating charges | 640/8 | €5,779 | €5,872 | +€93 | +1.6% |
| Gross operating margin | 9900 | €20,705 | €24,815 | +€4,110 | +19.9% |
| Operating profit (loss) | 9901 | -€57,229 | -€53,162 | +€4,068 | +7.1% |
| Financial charges | 65/66B | €141 | €109 | -€32 | -22.4% |
| Recurring financial charges | 65 | €141 | €109 | -€32 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€57,370 | -€53,271 | +€4,099 | +7.1% |
| Profit (loss) for the period | 9904 | -€57,370 | -€53,271 | +€4,099 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,370 | -€53,271 | +€4,099 | +7.1% |
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 9 October 2026 via checked.be.