ARYO: 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.
ARYO
Largest movements
- Stocks and contracts -€14,565
down €14,565 (-26.6%), from €54,817 to €40,252
- Cash -€4,165
down €4,165 (-52.0%), from €8,005 to €3,840
mainly Trade debts (-€15,505) and Other debts (-€3,734)
- Trade debts -€15,505
down €15,505 (-30.5%), from €50,849 to €35,344
- Other debts -€3,734
down €3,734 (-18.0%), from €20,778 to €17,044
- Write-downs +€5,830
new in 2025: €5,830
- Gross operating margin +€3,854
up €3,854 (+210.0%), from €1,835 to €5,688
- Financial income +€1,155
up €1,155 (+1358.8%), from €85 to €1,240
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 | €63,187 | €44,370 | -€18,816 | -29.8% |
| Fixed assets | 21/28 | €365 | €28 | -€337 | -92.3% |
| Tangible fixed assets | 22/27 | €365 | €28 | -€337 | -92.3% |
| Furniture and vehicles | 24 | €365 | €28 | -€337 | -92.3% |
| Current assets | 29/58 | €62,822 | €44,342 | -€18,480 | -29.4% |
| Stocks and contracts in progress | 3 | €54,817 | €40,252 | -€14,565 | -26.6% |
| Stocks | 30/36 | €54,817 | €40,252 | -€14,565 | -26.6% |
| Amounts receivable within one year | 40/41 | - | €250 | +€250 | |
| Trade receivables | 40 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €8,005 | €3,840 | -€4,165 | -52.0% |
| Total equity and liabilities | 10/49 | €63,187 | €44,370 | -€18,816 | -29.8% |
| Equity | 10/15 | -€10,678 | -€10,132 | +€546 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,138 | -€30,592 | +€546 | +1.8% |
| Amounts payable | 17/49 | €73,864 | €54,503 | -€19,362 | -26.2% |
| Amounts payable within one year | 42/48 | €73,864 | €54,503 | -€19,362 | -26.2% |
| Trade debts | 44 | €50,849 | €35,344 | -€15,505 | -30.5% |
| Suppliers | 440/4 | €50,849 | €35,344 | -€15,505 | -30.5% |
| Taxes, remuneration and social security | 45 | €2,238 | €2,115 | -€123 | -5.5% |
| Taxes | 450/3 | €2,238 | €2,115 | -€123 | -5.5% |
| Other amounts payable | 47/48 | €20,778 | €17,044 | -€3,734 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €337 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,830 | +€5,830 | |
| Gross operating margin | 9900 | €1,835 | €5,688 | +€3,854 | +210.0% |
| Operating profit (loss) | 9901 | €1,498 | -€478 | -€1,976 | |
| Financial income | 75/76B | €85 | €1,240 | +€1,155 | +1358.8% |
| Recurring financial income | 75 | €85 | €1,240 | +€1,155 | +1358.8% |
| Financial charges | 65/66B | €236 | €216 | -€20 | -8.4% |
| Recurring financial charges | 65 | €236 | €216 | -€20 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €1,347 | €546 | -€802 | -59.5% |
| Profit (loss) for the period | 9904 | €1,347 | €546 | -€802 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,347 | €546 | -€802 | -59.5% |
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 4 October 2026 via checked.be.