AROZ: 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.
AROZ
Largest movements
- Cash +€139,300
up €139,300 (+135.2%), from €102,998 to €242,297
mainly Net result for the year (+€136,295) and Tax, wage and social debts (+€41,630)
- Stocks and contracts +€57,994
new in 2025: €57,994
- Receivables within one year -€12,070
down €12,070 (-100.0%), from €12,070 to €0
of which Trade receivables: -€9,690
- Tangible fixed assets -€8,444
down €8,444 (-28.3%), from €29,832 to €21,388
- Profit (loss) carried forward +€136,295
up €136,295 (+107.4%), from €126,940 to €263,235
- Tax, wage and social debts +€41,630
up €41,630 (+244.2%), from €17,051 to €58,681
of which Taxes: +€41,630
- Gross operating margin +€88,962
up €88,962 (+90.2%), from €98,581 to €187,543
- Taxes +€24,579
up €24,579 (+144.2%), from €17,051 to €41,630
- Staff costs -€7,169
down €7,169 (-100.0%), from €7,169 to €0
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 | €144,899 | €324,397 | +€179,498 | +123.9% |
| Fixed assets | 21/28 | €29,832 | €21,388 | -€8,444 | -28.3% |
| Tangible fixed assets | 22/27 | €29,832 | €21,388 | -€8,444 | -28.3% |
| Furniture and vehicles | 24 | €29,832 | €21,388 | -€8,444 | -28.3% |
| Current assets | 29/58 | €115,068 | €303,009 | +€187,942 | +163.3% |
| Stocks and contracts in progress | 3 | - | €57,994 | +€57,994 | |
| Stocks | 30/36 | - | €57,994 | +€57,994 | |
| Amounts receivable within one year | 40/41 | €12,070 | €0 | -€12,070 | -100.0% |
| Trade receivables | 40 | €9,690 | €0 | -€9,690 | -100.0% |
| Other amounts receivable | 41 | €2,380 | €0 | -€2,380 | -100.0% |
| Cash at bank and in hand | 54/58 | €102,998 | €242,297 | +€139,300 | +135.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,718 | +€2,718 | |
| Total equity and liabilities | 10/49 | €144,899 | €324,397 | +€179,498 | +123.9% |
| Equity | 10/15 | €127,440 | €263,735 | +€136,295 | +106.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,940 | €263,235 | +€136,295 | +107.4% |
| Amounts payable | 17/49 | €17,460 | €60,662 | +€43,203 | +247.4% |
| Amounts payable within one year | 42/48 | €17,460 | €60,483 | +€43,024 | +246.4% |
| Trade debts | 44 | €409 | €251 | -€158 | -38.7% |
| Suppliers | 440/4 | €409 | €251 | -€158 | -38.7% |
| Taxes, remuneration and social security | 45 | €17,051 | €58,681 | +€41,630 | +244.2% |
| Taxes | 450/3 | €17,051 | €58,681 | +€41,630 | +244.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,552 | +€1,552 | |
| Accrued charges and deferred income | 492/3 | - | €179 | +€179 | |
| Remuneration, social security and pensions | 62 | €7,169 | €0 | -€7,169 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,409 | €9,503 | +€94 | +1.0% |
| Other operating charges | 640/8 | €596 | €0 | -€596 | -100.0% |
| Gross operating margin | 9900 | €98,581 | €187,543 | +€88,962 | +90.2% |
| Operating profit (loss) | 9901 | €81,408 | €178,040 | +€96,633 | +118.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €157 | €117 | -€40 | -25.3% |
| Recurring financial charges | 65 | €157 | €117 | -€40 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €81,250 | €177,925 | +€96,675 | +119.0% |
| Income taxes | 67/77 | €17,051 | €41,630 | +€24,579 | +144.2% |
| Profit (loss) for the period | 9904 | €64,200 | €136,295 | +€72,095 | +112.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,200 | €136,295 | +€72,095 | +112.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.