ARY: 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.
ARY
Largest movements
- Receivables within one year -€16,546
down €16,546 (-24.7%), from €67,054 to €50,508
of which Trade receivables: -€9,322
- Tangible fixed assets +€13,728
up €13,728 (+139%), from €9,856 to €23,584
- Cash -€7,258
down €7,258 (-97.2%), from €7,465 to €207
mainly Investment in fixed assets (net) (-€19,014) and Trade debts (-€15,475)
- Trade debts -€15,475
down €15,475 (-46.9%), from €33,022 to €17,547
- Profit (loss) carried forward +€8,551
up €8,551 (+47.7%), from €17,912 to €26,463
- Tax, wage and social debts -€7,496
down €7,496 (-28.7%), from €26,077 to €18,582
of which Taxes: -€5,741
- Other debts +€4,663
up €4,663 (+165%), from €2,826 to €7,489
- Gross operating margin +€20,860
up €20,860 (+39.5%), from €52,863 to €73,723
- Staff costs -€2,675
down €2,675 (-5.0%), from €53,351 to €50,676
- Depreciation +€2,523
up €2,523 (+91.3%), from €2,764 to €5,286
- Other operating charges +€2,317
up €2,317 (+181%), from €1,280 to €3,597
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 | €86,089 | €76,281 | -€9,808 | -11.4% |
| Fixed assets | 21/28 | €10,134 | €23,862 | +€13,728 | +135% |
| Tangible fixed assets | 22/27 | €9,856 | €23,584 | +€13,728 | +139% |
| Furniture and vehicles | 24 | €9,856 | €23,584 | +€13,728 | +139% |
| Financial fixed assets | 28 | €278 | €278 | = | 0.0% |
| Current assets | 29/58 | €75,955 | €52,419 | -€23,536 | -31.0% |
| Amounts receivable within one year | 40/41 | €67,054 | €50,508 | -€16,546 | -24.7% |
| Trade receivables | 40 | €39,377 | €30,055 | -€9,322 | -23.7% |
| Other amounts receivable | 41 | €27,677 | €20,453 | -€7,224 | -26.1% |
| Cash at bank and in hand | 54/58 | €7,465 | €207 | -€7,258 | -97.2% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,705 | +€269 | +18.7% |
| Total equity and liabilities | 10/49 | €86,089 | €76,281 | -€9,808 | -11.4% |
| Equity | 10/15 | €24,112 | €32,663 | +€8,551 | +35.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,912 | €26,463 | +€8,551 | +47.7% |
| Amounts payable | 17/49 | €61,977 | €43,618 | -€18,359 | -29.6% |
| Amounts payable within one year | 42/48 | €61,926 | €43,618 | -€18,307 | -29.6% |
| Trade debts | 44 | €33,022 | €17,547 | -€15,475 | -46.9% |
| Suppliers | 440/4 | €33,022 | €17,547 | -€15,475 | -46.9% |
| Taxes, remuneration and social security | 45 | €26,077 | €18,582 | -€7,496 | -28.7% |
| Taxes | 450/3 | €18,274 | €12,533 | -€5,741 | -31.4% |
| Remuneration and social security | 454/9 | €7,803 | €6,048 | -€1,754 | -22.5% |
| Other amounts payable | 47/48 | €2,826 | €7,489 | +€4,663 | +165% |
| Accrued charges and deferred income | 492/3 | €52 | - | -€52 | |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €53,351 | €50,676 | -€2,675 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,764 | €5,286 | +€2,523 | +91.3% |
| Other operating charges | 640/8 | €1,280 | €3,597 | +€2,317 | +181% |
| Gross operating margin | 9900 | €52,863 | €73,723 | +€20,860 | +39.5% |
| Operating profit (loss) | 9901 | -€4,531 | €14,164 | +€18,695 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,933% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,933% |
| Financial charges | 65/66B | €5,004 | €4,921 | -€83 | -1.7% |
| Recurring financial charges | 65 | €5,004 | €4,921 | -€83 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,535 | €9,244 | +€18,779 | |
| Income taxes | 67/77 | €204 | €693 | +€489 | +240% |
| Profit (loss) for the period | 9904 | -€9,739 | €8,551 | +€18,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,739 | €8,551 | +€18,290 |
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 16 October 2026 via checked.be.