ARUA: 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.
ARUA
Largest movements
- Current investments +€200,000
up €200,000 (+22.8%), from €876,280 to €1.1m
- Tangible fixed assets -€54,274
down €54,274 (-3.7%), from €1.5m to €1.4m
of which Land and buildings: -€42,327
- Receivables within one year -€38,972
down €38,972 (-98.2%), from €39,683 to €710
of which Other amounts receivable: -€23,972
- Cash -€35,346
down €35,346 (-14.0%), from €251,634 to €216,287
mainly Current investments (-€200,000) and Contributions, distributions and other (-€199,293)
- Other debts +€182,274
up €182,274 (+11,129%), from €1,638 to €183,912
- Reserves -€141,904
down €141,904 (-5.4%), from €2.6m to €2.5m
of which Tax-exempt reserves: -€246,393
- Gross operating margin +€80,612
up €80,612 (+91.9%), from €87,745 to €168,357
- Taxes +€24,646
up €24,646 (+87.5%), from €28,153 to €52,799
- Financial income -€8,165
down €8,165 (-33.6%), from €24,285 to €16,120
- Financial charges +€7,153
up €7,153 (+4,525%), from €158 to €7,311
- Depreciation -€2,571
down €2,571 (-4.5%), from €56,845 to €54,274
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 | €2,657,145 | €2,730,210 | +€73,065 | +2.7% |
| Fixed assets | 21/28 | €1,456,749 | €1,402,475 | -€54,274 | -3.7% |
| Tangible fixed assets | 22/27 | €1,456,749 | €1,402,475 | -€54,274 | -3.7% |
| Land and buildings | 22 | €1,268,368 | €1,226,041 | -€42,327 | -3.3% |
| Other tangible fixed assets | 26 | €188,381 | €176,434 | -€11,947 | -6.3% |
| Current assets | 29/58 | €1,200,395 | €1,327,734 | +€127,339 | +10.6% |
| Amounts receivable within one year | 40/41 | €39,683 | €710 | -€38,972 | -98.2% |
| Trade receivables | 40 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 41 | €24,683 | €710 | -€23,972 | -97.1% |
| Current investments | 50/53 | €876,280 | €1,076,280 | +€200,000 | +22.8% |
| Cash at bank and in hand | 54/58 | €251,634 | €216,287 | -€35,346 | -14.0% |
| Deferred charges and accrued income | 490/1 | €32,799 | €34,457 | +€1,658 | +5.1% |
| Total equity and liabilities | 10/49 | €2,657,145 | €2,730,210 | +€73,065 | +2.7% |
| Equity | 10/15 | €2,621,168 | €2,479,263 | -€141,904 | -5.4% |
| Contributions | 10/11 | €14,443 | €14,443 | = | 0.0% |
| Reserves | 13 | €2,606,724 | €2,464,820 | -€141,904 | -5.4% |
| Tax-exempt reserves | 132 | €556,967 | €310,574 | -€246,393 | -44.2% |
| Distributable reserves | 133 | €2,049,757 | €2,154,246 | +€104,489 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,977 | €250,946 | +€214,969 | +598% |
| Amounts payable within one year | 42/48 | €30,849 | €238,353 | +€207,504 | +673% |
| Trade debts | 44 | €1,920 | €301 | -€1,619 | -84.3% |
| Suppliers | 440/4 | €1,920 | €301 | -€1,619 | -84.3% |
| Taxes, remuneration and social security | 45 | €27,292 | €54,140 | +€26,848 | +98.4% |
| Taxes | 450/3 | €23,191 | €50,032 | +€26,841 | +116% |
| Remuneration and social security | 454/9 | €4,101 | €4,108 | +€7 | +0.2% |
| Other amounts payable | 47/48 | €1,638 | €183,912 | +€182,274 | +11,129% |
| Accrued charges and deferred income | 492/3 | €5,128 | €12,593 | +€7,466 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,845 | €54,274 | -€2,571 | -4.5% |
| Other operating charges | 640/8 | €11,395 | €12,705 | +€1,309 | +11.5% |
| Gross operating margin | 9900 | €87,745 | €168,357 | +€80,612 | +91.9% |
| Operating profit (loss) | 9901 | €19,504 | €101,378 | +€81,874 | +420% |
| Financial income | 75/76B | €24,285 | €16,120 | -€8,165 | -33.6% |
| Recurring financial income | 75 | €24,285 | €16,120 | -€8,165 | -33.6% |
| Financial charges | 65/66B | €158 | €7,311 | +€7,153 | +4,525% |
| Recurring financial charges | 65 | €158 | €7,311 | +€7,153 | +4,525% |
| Profit (loss) for the period before taxes | 9903 | €43,632 | €110,188 | +€66,556 | +153% |
| Income taxes | 67/77 | €28,153 | €52,799 | +€24,646 | +87.5% |
| Profit (loss) for the period | 9904 | €15,479 | €57,389 | +€41,910 | +271% |
| Transfer from tax-exempt reserves | 789 | €179,806 | €246,393 | +€66,588 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,284 | €303,782 | +€108,497 | +55.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.