ARYSTEIA: 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.
ARYSTEIA
Largest movements
- Tangible fixed assets +€294,083
up €294,083 (+57.7%), from €509,550 to €803,633
of which Land and buildings: +€236,316
- Receivables within one year -€37,000
down €37,000 (-100.0%), from €37,000 to €0
of which Trade receivables: -€22,000
- Cash -€30,156
down €30,156 (-65.3%), from €46,192 to €16,036
mainly Investment in fixed assets (net) (-€318,435) and Net result for the year (-€11,661)
- Debts after one year +€193,656
up €193,656 (+48.5%), from €399,147 to €592,803
of which Financial debts: +€190,036
- Other debts +€30,000
up €30,000 (+16.9%), from €178,031 to €208,031
- Profit (loss) carried forward -€11,661
down €11,661 (-273.9%), from -€4,258 to -€15,919
- Current portion of long-term debt +€8,609
up €8,609 (+58.1%), from €14,830 to €23,438
- Trade debts +€8,518
new in 2025: €8,518
- Gross operating margin +€25,654
up €25,654 (+154.0%), from €16,655 to €42,309
- Depreciation +€17,037
up €17,037 (+223.7%), from €7,616 to €24,653
- Financial charges +€14,541
up €14,541 (+207.1%), from €7,023 to €21,564
- Other operating charges +€1,479
up €1,479 (+23.6%), from €6,274 to €7,753
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 | €593,750 | €822,872 | +€229,122 | +38.6% |
| Formation expenses | 20 | €301 | €0 | -€301 | -100.0% |
| Fixed assets | 21/28 | €509,550 | €803,633 | +€294,083 | +57.7% |
| Tangible fixed assets | 22/27 | €509,550 | €803,633 | +€294,083 | +57.7% |
| Land and buildings | 22 | €509,550 | €745,865 | +€236,316 | +46.4% |
| Plant, machinery and equipment | 23 | - | €43,831 | +€43,831 | |
| Furniture and vehicles | 24 | - | €13,936 | +€13,936 | |
| Current assets | 29/58 | €83,899 | €19,239 | -€64,660 | -77.1% |
| Amounts receivable within one year | 40/41 | €37,000 | €0 | -€37,000 | -100.0% |
| Trade receivables | 40 | €22,000 | €0 | -€22,000 | -100.0% |
| Other amounts receivable | 41 | €15,000 | €0 | -€15,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,192 | €16,036 | -€30,156 | -65.3% |
| Deferred charges and accrued income | 490/1 | €707 | €3,203 | +€2,496 | +352.9% |
| Total equity and liabilities | 10/49 | €593,750 | €822,872 | +€229,122 | +38.6% |
| Equity | 10/15 | €1,742 | -€9,919 | -€11,661 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,258 | -€15,919 | -€11,661 | -273.9% |
| Amounts payable | 17/49 | €592,008 | €832,791 | +€240,783 | +40.7% |
| Amounts payable after more than one year | 17 | €399,147 | €592,803 | +€193,656 | +48.5% |
| Financial debts | 170/4 | €399,147 | €589,183 | +€190,036 | +47.6% |
| Other amounts payable | 178/9 | - | €3,620 | +€3,620 | |
| Amounts payable within one year | 42/48 | €192,861 | €239,988 | +€47,127 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €14,830 | €23,438 | +€8,609 | +58.1% |
| Trade debts | 44 | - | €8,518 | +€8,518 | |
| Suppliers | 440/4 | - | €8,518 | +€8,518 | |
| Other amounts payable | 47/48 | €178,031 | €208,031 | +€30,000 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,616 | €24,653 | +€17,037 | +223.7% |
| Other operating charges | 640/8 | €6,274 | €7,753 | +€1,479 | +23.6% |
| Gross operating margin | 9900 | €16,655 | €42,309 | +€25,654 | +154.0% |
| Operating profit (loss) | 9901 | €2,765 | €9,902 | +€7,137 | +258.1% |
| Financial charges | 65/66B | €7,023 | €21,564 | +€14,541 | +207.1% |
| Recurring financial charges | 65 | €7,023 | €21,564 | +€14,541 | +207.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,258 | -€11,661 | -€7,404 | -173.9% |
| Profit (loss) for the period | 9904 | -€4,258 | -€11,661 | -€7,404 | -173.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,258 | -€11,661 | -€7,404 | -173.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.