ARYTHMOS: 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.
ARYTHMOS
Largest movements
- Tangible fixed assets -€68,761
down €68,761 (-10.5%), from €652,151 to €583,390
of which Land and buildings: -€63,279
- Cash +€37,334
up €37,334 (+1121.8%), from €3,328 to €40,662
mainly Depreciation (+€76,482) and Net result for the year (+€65,860)
- Receivables within one year +€28,191
up €28,191 (+98.1%), from €28,744 to €56,935
of which Trade receivables: +€28,191
- Current investments +€27,371
up €27,371 (+40.3%), from €68,003 to €95,374
- Financial fixed assets +€20,000
up €20,000 (+3.2%), from €621,091 to €641,091
- Profit (loss) carried forward +€71,828
up €71,828 (+15.8%), from €453,949 to €525,777
- Debts after one year -€52,235
down €52,235 (-9.1%), from €573,545 to €521,310
of which Financial debts: -€52,235
- Trade debts +€32,018
up €32,018 (+1748.7%), from €1,831 to €33,849
- Gross operating margin +€17,342
up €17,342 (+8.6%), from €202,719 to €220,061
- Taxes +€4,829
up €4,829 (+23.8%), from €20,327 to €25,156
- Other operating charges -€3,294
down €3,294 (-9.2%), from €35,707 to €32,413
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 | €1,554,317 | €1,597,574 | +€43,257 | +2.8% |
| Fixed assets | 21/28 | €1,452,602 | €1,403,842 | -€48,761 | -3.4% |
| Intangible fixed assets | 21 | €179,361 | €179,361 | = | 0.0% |
| Tangible fixed assets | 22/27 | €652,151 | €583,390 | -€68,761 | -10.5% |
| Land and buildings | 22 | €600,954 | €537,675 | -€63,279 | -10.5% |
| Plant, machinery and equipment | 23 | €1,248 | €3,114 | +€1,866 | +149.5% |
| Furniture and vehicles | 24 | €49,949 | €42,601 | -€7,348 | -14.7% |
| Financial fixed assets | 28 | €621,091 | €641,091 | +€20,000 | +3.2% |
| Current assets | 29/58 | €101,714 | €193,732 | +€92,018 | +90.5% |
| Amounts receivable within one year | 40/41 | €28,744 | €56,935 | +€28,191 | +98.1% |
| Trade receivables | 40 | €23,922 | €52,114 | +€28,191 | +117.8% |
| Other amounts receivable | 41 | €4,821 | €4,821 | = | 0.0% |
| Current investments | 50/53 | €68,003 | €95,374 | +€27,371 | +40.3% |
| Cash at bank and in hand | 54/58 | €3,328 | €40,662 | +€37,334 | +1121.8% |
| Deferred charges and accrued income | 490/1 | €1,640 | €762 | -€878 | -53.6% |
| Total equity and liabilities | 10/49 | €1,554,317 | €1,597,574 | +€43,257 | +2.8% |
| Equity | 10/15 | €847,815 | €913,675 | +€65,860 | +7.8% |
| Contributions | 10/11 | €356,197 | €356,197 | = | 0.0% |
| Reserves | 13 | €37,669 | €31,701 | -€5,968 | -15.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,810 | €29,842 | -€5,968 | -16.7% |
| Profit (loss) carried forward | 14 | €453,949 | €525,777 | +€71,828 | +15.8% |
| Provisions and deferred taxes | 16 | €18,448 | €15,373 | -€3,075 | -16.7% |
| Deferred taxes | 168 | €18,448 | €15,373 | -€3,075 | -16.7% |
| Amounts payable | 17/49 | €688,054 | €668,526 | -€19,528 | -2.8% |
| Amounts payable after more than one year | 17 | €573,545 | €521,310 | -€52,235 | -9.1% |
| Financial debts | 170/4 | €566,525 | €514,290 | -€52,235 | -9.2% |
| Other amounts payable | 178/9 | €7,020 | €7,020 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,560 | €146,336 | +€34,776 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €82,937 | €73,901 | -€9,036 | -10.9% |
| Trade debts | 44 | €1,831 | €33,849 | +€32,018 | +1748.7% |
| Suppliers | 440/4 | €1,831 | €33,849 | +€32,018 | +1748.7% |
| Taxes, remuneration and social security | 45 | €18,297 | €28,654 | +€10,357 | +56.6% |
| Taxes | 450/3 | €18,297 | €28,654 | +€10,357 | +56.6% |
| Other amounts payable | 47/48 | €8,495 | €9,931 | +€1,436 | +16.9% |
| Accrued charges and deferred income | 492/3 | €2,949 | €880 | -€2,069 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,490 | €76,482 | -€9 | 0.0% |
| Other operating charges | 640/8 | €35,707 | €32,413 | -€3,294 | -9.2% |
| Gross operating margin | 9900 | €202,719 | €220,061 | +€17,342 | +8.6% |
| Operating profit (loss) | 9901 | €90,522 | €111,167 | +€20,645 | +22.8% |
| Financial income | 75/76B | €169 | €537 | +€369 | +219.0% |
| Recurring financial income | 75 | €169 | €537 | +€369 | +219.0% |
| Financial charges | 65/66B | €22,599 | €23,763 | +€1,164 | +5.1% |
| Recurring financial charges | 65 | €22,599 | €23,763 | +€1,164 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €68,091 | €87,941 | +€19,850 | +29.2% |
| Transfer from deferred taxes | 780 | €3,075 | €3,075 | = | 0.0% |
| Income taxes | 67/77 | €20,327 | €25,156 | +€4,829 | +23.8% |
| Profit (loss) for the period | 9904 | €50,839 | €65,860 | +€15,021 | +29.5% |
| Transfer from tax-exempt reserves | 789 | €5,968 | €5,968 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,807 | €71,828 | +€15,021 | +26.4% |
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 9 October 2026 via checked.be.