Arura: 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.
Arura
Largest movements
- Receivables after one year -€507,250
down €507,250 (-36.8%), from €1.4m to €872,750
- Receivables within one year -€117,731
down €117,731 (-25.1%), from €469,880 to €352,149
of which Other amounts receivable: -€127,731
- Current investments +€77,004
up €77,004 (+14.2%), from €541,470 to €618,473
- Deferred charges and accrued income +€50,002
up €50,002 (+99.9%), from €50,040 to €100,041
- Cash -€41,175
down €41,175 (-35.1%), from €117,209 to €76,034
mainly Contributions, distributions and other (-€542,203) and Tax, wage and social debts (-€133,267)
- Reserves -€556,300
down €556,300 (-41.7%), from €1.3m to €777,618
of which Distributable reserves: -€556,000
- Tax, wage and social debts -€133,267
down €133,267 (-85.8%), from €155,308 to €22,042
- Profit (loss) carried forward +€123,995
up €123,995 (+8.6%), from €1.4m to €1.6m
- Current portion of long-term debt -€47,928
no longer reported in 2025 (was €47,928)
- Financial income +€125,786
up €125,786 (+3,313%), from €3,797 to €129,583
- Gross operating margin -€117,953
down €117,953 (-80.6%), from €146,258 to €28,305
- Taxes -€23,992
no longer reported in 2025 (was €23,992)
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 | €3,100,378 | €2,543,870 | -€556,508 | -17.9% |
| Fixed assets | 21/28 | €541,779 | €524,421 | -€17,358 | -3.2% |
| Tangible fixed assets | 22/27 | €381,779 | €364,421 | -€17,358 | -4.5% |
| Land and buildings | 22 | €381,779 | €356,323 | -€25,456 | -6.7% |
| Furniture and vehicles | 24 | - | €8,098 | +€8,098 | |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €2,558,598 | €2,019,449 | -€539,150 | -21.1% |
| Amounts receivable after more than one year | 29 | €1,380,000 | €872,750 | -€507,250 | -36.8% |
| Other amounts receivable | 291 | €1,380,000 | €872,750 | -€507,250 | -36.8% |
| Amounts receivable within one year | 40/41 | €469,880 | €352,149 | -€117,731 | -25.1% |
| Trade receivables | 40 | €1,077 | €11,077 | +€10,000 | +929% |
| Other amounts receivable | 41 | €468,804 | €341,073 | -€127,731 | -27.2% |
| Current investments | 50/53 | €541,470 | €618,473 | +€77,004 | +14.2% |
| Cash at bank and in hand | 54/58 | €117,209 | €76,034 | -€41,175 | -35.1% |
| Deferred charges and accrued income | 490/1 | €50,040 | €100,041 | +€50,002 | +99.9% |
| Total equity and liabilities | 10/49 | €3,100,378 | €2,543,870 | -€556,508 | -17.9% |
| Equity | 10/15 | €2,894,809 | €2,476,301 | -€418,508 | -14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €112,553 | €126,350 | +€13,797 | +12.3% |
| Reserves | 13 | €1,333,918 | €777,618 | -€556,300 | -41.7% |
| Tax-exempt reserves | 132 | €3,525 | €3,225 | -€300 | -8.5% |
| Distributable reserves | 133 | €1,330,393 | €774,393 | -€556,000 | -41.8% |
| Profit (loss) carried forward | 14 | €1,442,138 | €1,566,133 | +€123,995 | +8.6% |
| Provisions and deferred taxes | 16 | €1,816 | €1,661 | -€155 | -8.5% |
| Deferred taxes | 168 | €1,816 | €1,661 | -€155 | -8.5% |
| Amounts payable | 17/49 | €203,753 | €65,908 | -€137,845 | -67.7% |
| Amounts payable within one year | 42/48 | €203,753 | €65,908 | -€137,845 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €47,928 | - | -€47,928 | |
| Trade debts | 44 | €516 | €23,558 | +€23,042 | +4,463% |
| Suppliers | 440/4 | €516 | €23,558 | +€23,042 | +4,463% |
| Taxes, remuneration and social security | 45 | €155,308 | €22,042 | -€133,267 | -85.8% |
| Taxes | 450/3 | €155,308 | €22,042 | -€133,267 | -85.8% |
| Other amounts payable | 47/48 | - | €20,307 | +€20,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,456 | €25,677 | +€220 | +0.9% |
| Other operating charges | 640/8 | €4,718 | €4,861 | +€143 | +3.0% |
| Gross operating margin | 9900 | €146,258 | €28,305 | -€117,953 | -80.6% |
| Operating profit (loss) | 9901 | €116,084 | -€2,233 | -€118,316 | |
| Financial income | 75/76B | €3,797 | €129,583 | +€125,786 | +3,313% |
| Recurring financial income | 75 | €3,797 | €129,583 | +€125,786 | +3,313% |
| Financial charges | 65/66B | €4,366 | €3,810 | -€557 | -12.7% |
| Recurring financial charges | 65 | €4,366 | €3,810 | -€557 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €115,515 | €123,541 | +€8,026 | +6.9% |
| Transfer from deferred taxes | 780 | €155 | €155 | = | 0.0% |
| Income taxes | 67/77 | €23,992 | - | -€23,992 | |
| Profit (loss) for the period | 9904 | €91,677 | €123,695 | +€32,019 | +34.9% |
| Transfer from tax-exempt reserves | 789 | €889,939 | €300 | -€889,639 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €981,616 | €123,995 | -€857,620 | -87.4% |
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.