Aruha: 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.
Aruha
Largest movements
- Current investments -€70,000
down €70,000 (-53.8%), from €130,000 to €60,000
- Cash -€47,165
down €47,165 (-58.9%), from €80,097 to €32,932
mainly Other debts (-€100,000) and Contributions, distributions and other (-€100,000)
- Other debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Reserves -€10,472
down €10,472 (-58.8%), from €17,808 to €7,336
of which Distributable reserves: -€10,472
- Debts after one year -€9,132
down €9,132 (-37.5%), from €24,334 to €15,202
- Financial income -€103,710
down €103,710 (-97.9%), from €105,985 to €2,275
- Gross operating margin -€24,457
down €24,457 (-16.4%), from €149,556 to €125,099
- Taxes -€3,500
down €3,500 (-11.6%), from €30,070 to €26,570
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 | €274,911 | €154,639 | -€120,272 | -43.7% |
| Fixed assets | 21/28 | €55,468 | €55,478 | +€10 | 0.0% |
| Tangible fixed assets | 22/27 | €52,968 | €52,978 | +€10 | 0.0% |
| Furniture and vehicles | 24 | €7,188 | €3,821 | -€3,367 | -46.8% |
| Other tangible fixed assets | 26 | €45,780 | €49,157 | +€3,377 | +7.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €219,442 | €99,161 | -€120,282 | -54.8% |
| Amounts receivable within one year | 40/41 | €4,656 | €3,108 | -€1,548 | -33.2% |
| Other amounts receivable | 41 | €4,656 | €3,108 | -€1,548 | -33.2% |
| Current investments | 50/53 | €130,000 | €60,000 | -€70,000 | -53.8% |
| Cash at bank and in hand | 54/58 | €80,097 | €32,932 | -€47,165 | -58.9% |
| Deferred charges and accrued income | 490/1 | €4,689 | €3,121 | -€1,569 | -33.5% |
| Total equity and liabilities | 10/49 | €274,911 | €154,639 | -€120,272 | -43.7% |
| Equity | 10/15 | €36,408 | €25,936 | -€10,472 | -28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,808 | €7,336 | -€10,472 | -58.8% |
| Tax-exempt reserves | 132 | €483 | €483 | = | 0.0% |
| Distributable reserves | 133 | €17,325 | €6,853 | -€10,472 | -60.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €238,503 | €128,702 | -€109,800 | -46.0% |
| Amounts payable after more than one year | 17 | €24,334 | €15,202 | -€9,132 | -37.5% |
| Financial debts | 170/4 | €24,334 | €15,202 | -€9,132 | -37.5% |
| Amounts payable within one year | 42/48 | €213,572 | €113,408 | -€100,165 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €8,786 | €9,132 | +€346 | +3.9% |
| Trade debts | 44 | €1,637 | €269 | -€1,368 | -83.6% |
| Suppliers | 440/4 | €1,637 | €269 | -€1,368 | -83.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,149 | €4,006 | +€857 | +27.2% |
| Taxes | 450/3 | €3,149 | €4,006 | +€857 | +27.2% |
| Other amounts payable | 47/48 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €596 | €93 | -€503 | -84.4% |
| Non-recurring operating income | 76A | €15,000 | €0 | -€15,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,968 | €9,440 | -€528 | -5.3% |
| Other operating charges | 640/8 | €477 | €203 | -€274 | -57.4% |
| Gross operating margin | 9900 | €149,556 | €125,099 | -€24,457 | -16.4% |
| Operating profit (loss) | 9901 | €139,111 | €115,457 | -€23,655 | -17.0% |
| Financial income | 75/76B | €105,985 | €2,275 | -€103,710 | -97.9% |
| Recurring financial income | 75 | €105,985 | €2,275 | -€103,710 | -97.9% |
| Financial charges | 65/66B | €2,299 | €1,633 | -€666 | -29.0% |
| Recurring financial charges | 65 | €2,299 | €1,633 | -€666 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €242,797 | €116,098 | -€126,699 | -52.2% |
| Income taxes | 67/77 | €30,070 | €26,570 | -€3,500 | -11.6% |
| Profit (loss) for the period | 9904 | €212,727 | €89,528 | -€123,199 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €212,727 | €89,528 | -€123,199 | -57.9% |
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 25 October 2026 via checked.be.