ARYOS: 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.
ARYOS
Largest movements
- Tangible fixed assets -€59,168
down €59,168 (-9.8%), from €602,921 to €543,754
of which Land and buildings: -€39,860
- Cash +€34,597
up €34,597 (+83.5%), from €41,437 to €76,034
mainly Depreciation (+€104,159) and Current portion of long-term debt (+€23,359)
- Intangible fixed assets -€23,000
down €23,000 (-13.6%), from €169,734 to €146,734
- Trade debts -€125,422
down €125,422 (-44.4%), from €282,758 to €157,336
- Current portion of long-term debt +€23,359
up €23,359 (+85.2%), from €27,429 to €50,788
- Tax, wage and social debts +€21,394
up €21,394 (+83.9%), from €25,509 to €46,903
of which Taxes: +€26,119
- Debts after one year +€13,011
up €13,011 (+2.7%), from €483,982 to €496,992
of which Financial debts: +€21,511
- Profit (loss) carried forward +€11,822
up €11,822 (+13.9%), from €85,189 to €97,012
- Gross operating margin +€29,070
up €29,070 (+11.2%), from €258,983 to €288,052
- Financial charges +€10,261
up €10,261 (+39.7%), from €25,876 to €36,137
- Depreciation +€7,896
up €7,896 (+8.2%), from €96,263 to €104,159
- Other operating charges -€6,522
down €6,522 (-47.4%), from €13,774 to €7,252
- Staff costs +€5,735
up €5,735 (+4.9%), from €116,186 to €121,921
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 | €923,913 | €871,828 | -€52,086 | -5.6% |
| Fixed assets | 21/28 | €774,186 | €692,018 | -€82,168 | -10.6% |
| Intangible fixed assets | 21 | €169,734 | €146,734 | -€23,000 | -13.6% |
| Tangible fixed assets | 22/27 | €602,921 | €543,754 | -€59,168 | -9.8% |
| Land and buildings | 22 | €461,660 | €421,801 | -€39,860 | -8.6% |
| Plant, machinery and equipment | 23 | €134,393 | €117,968 | -€16,425 | -12.2% |
| Furniture and vehicles | 24 | €6,868 | €3,985 | -€2,883 | -42.0% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €149,728 | €179,810 | +€30,082 | +20.1% |
| Amounts receivable within one year | 40/41 | €107,761 | €103,776 | -€3,985 | -3.7% |
| Trade receivables | 40 | €106,761 | €102,776 | -€3,985 | -3.7% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,437 | €76,034 | +€34,597 | +83.5% |
| Deferred charges and accrued income | 490/1 | €530 | - | -€530 | |
| Total equity and liabilities | 10/49 | €923,913 | €871,828 | -€52,086 | -5.6% |
| Equity | 10/15 | €103,789 | €115,612 | +€11,822 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,189 | €97,012 | +€11,822 | +13.9% |
| Amounts payable | 17/49 | €820,124 | €756,216 | -€63,908 | -7.8% |
| Amounts payable after more than one year | 17 | €483,982 | €496,992 | +€13,011 | +2.7% |
| Financial debts | 170/4 | €475,482 | €496,992 | +€21,511 | +4.5% |
| Other amounts payable | 178/9 | €8,500 | - | -€8,500 | |
| Amounts payable within one year | 42/48 | €336,142 | €259,223 | -€76,919 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €27,429 | €50,788 | +€23,359 | +85.2% |
| Trade debts | 44 | €282,758 | €157,336 | -€125,422 | -44.4% |
| Suppliers | 440/4 | €282,758 | €157,336 | -€125,422 | -44.4% |
| Taxes, remuneration and social security | 45 | €25,509 | €46,903 | +€21,394 | +83.9% |
| Taxes | 450/3 | €14,444 | €40,563 | +€26,119 | +180.8% |
| Remuneration and social security | 454/9 | €11,064 | €6,340 | -€4,725 | -42.7% |
| Other amounts payable | 47/48 | €446 | €4,197 | +€3,750 | +840.0% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €116,186 | €121,921 | +€5,735 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,263 | €104,159 | +€7,896 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,396 | €4,396 | = | 0.0% |
| Other operating charges | 640/8 | €13,774 | €7,252 | -€6,522 | -47.4% |
| Gross operating margin | 9900 | €258,983 | €288,052 | +€29,070 | +11.2% |
| Operating profit (loss) | 9901 | €28,364 | €50,324 | +€21,961 | +77.4% |
| Financial income | 75/76B | €4 | €165 | +€161 | +3916.7% |
| Recurring financial income | 75 | €4 | €165 | +€161 | +3916.7% |
| Financial charges | 65/66B | €25,876 | €36,137 | +€10,261 | +39.7% |
| Recurring financial charges | 65 | €25,876 | €36,137 | +€10,261 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €2,491 | €14,352 | +€11,861 | +476.1% |
| Income taxes | 67/77 | €218 | €2,530 | +€2,312 | +1060.6% |
| Profit (loss) for the period | 9904 | €2,273 | €11,822 | +€9,549 | +420.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,273 | €11,822 | +€9,549 | +420.0% |
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.