L'ARIANA: what changed
What changed
L'ARIANA
NACE 47.791, Retail sale of antiques
filed annual accounts (NBB)
Net result for the year
-€351,748
2025 · €81,450-€433,198
Equity
€623,622
2025 · €975,370-€351,748
Cash
€81,550
2025 · €77,480+€4,070
Balance sheet total
€3.4m
2025 · €3.8m-€415,976
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-55.4%), from €2.6m to €1.2m
of which Land and buildings: -€1.5m
- Receivables within one year +€1.0m
up €1.0m (+1,216%), from €83,312 to €1.1m
of which Trade receivables: +€1.0m
Equity and liabilities
- Profit (loss) carried forward -€337,728
down €337,728 (-13.7%), from -€2.5m to -€2.8m
- Other debts -€61,681
down €61,681 (-2.4%), from €2.6m to €2.5m
Income statement
- Financial charges +€332,240
up €332,240 (+54,873%), from €605 to €332,846
of which Non-recurring financial charges: +€331,873
- Financial income -€165,282
down €165,282 (-98.5%), from €167,832 to €2,550
- Depreciation -€52,824
down €52,824 (-59.3%), from €89,146 to €36,322
- Taxes -€37,427
no longer reported in 2026 (was €37,427)
- Gross operating margin -€18,533
down €18,533 (-38.1%), from €48,696 to €30,162
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€81,450
Gross operating margin
-€18,533
Staff costs
+€1,811
Depreciation
+€52,824
Other operating charges
-€9,204
Financial income
-€165,282
Financial charges
-€332,240
Taxes
+€37,427
Result 2026
-€351,748
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.4m
Investment
+€1.4m
Financing
€0
Cash 2025
€77,480
From operations (derived)
-€1.4m
Net result for the year
-€351,748
Depreciation
+€36,322
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€9,822
Provisions
-€4,674
Smaller working-capital items
+€2,127
Other debts
-€61,681
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Cash 2026
€81,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,835,762 | €3,419,786 | -€415,976 | -10.8% |
| Fixed assets | 21/28 | €2,604,207 | €1,161,012 | -€1.4m | -55.4% |
| Tangible fixed assets | 22/27 | €2,603,207 | €1,160,012 | -€1.4m | -55.4% |
| Land and buildings | 22 | €2,599,943 | €1,149,839 | -€1.5m | -55.8% |
| Furniture and vehicles | 24 | €1,111 | €9,141 | +€8,029 | +723% |
| Other tangible fixed assets | 26 | €2,152 | €1,033 | -€1,119 | -52.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,231,556 | €2,258,774 | +€1.0m | +83.4% |
| Stocks and contracts in progress | 3 | €96,956 | €96,956 | = | 0.0% |
| Stocks | 30/36 | €96,956 | €96,956 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,312 | €1,096,639 | +€1.0m | +1,216% |
| Trade receivables | 40 | €42,616 | €1,075,987 | +€1.0m | +2,425% |
| Other amounts receivable | 41 | €40,696 | €20,652 | -€20,044 | -49.3% |
| Current investments | 50/53 | €973,208 | €973,208 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,480 | €81,550 | +€4,070 | +5.3% |
| Deferred charges and accrued income | 490/1 | €600 | €10,422 | +€9,822 | +1,637% |
| Total equity and liabilities | 10/49 | €3,835,762 | €3,419,786 | -€415,976 | -10.8% |
| Equity | 10/15 | €975,370 | €623,622 | -€351,748 | -36.1% |
| Contributions | 10/11 | €2,652,890 | €2,652,890 | = | 0.0% |
| Reserves | 13 | €787,412 | €773,391 | -€14,021 | -1.8% |
| Non-distributable reserves | 130/1 | €6,283 | €6,283 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,283 | €6,283 | = | 0.0% |
| Tax-exempt reserves | 132 | €781,129 | €767,108 | -€14,021 | -1.8% |
| Profit (loss) carried forward | 14 | -€2,464,932 | -€2,802,659 | -€337,728 | -13.7% |
| Provisions and deferred taxes | 16 | €260,376 | €255,703 | -€4,674 | -1.8% |
| Deferred taxes | 168 | €260,376 | €255,703 | -€4,674 | -1.8% |
| Amounts payable | 17/49 | €2,600,016 | €2,540,461 | -€59,555 | -2.3% |
| Amounts payable within one year | 42/48 | €2,600,016 | €2,540,461 | -€59,555 | -2.3% |
| Trade debts | 44 | - | €1,404 | +€1,404 | |
| Suppliers | 440/4 | - | €1,404 | +€1,404 | |
| Taxes, remuneration and social security | 45 | €42,324 | €43,047 | +€723 | +1.7% |
| Taxes | 450/3 | €42,324 | €43,047 | +€723 | +1.7% |
| Other amounts payable | 47/48 | €2,557,692 | €2,496,011 | -€61,681 | -2.4% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €1,811 | - | -€1,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,146 | €36,322 | -€52,824 | -59.3% |
| Other operating charges | 640/8 | €10,763 | €19,967 | +€9,204 | +85.5% |
| Gross operating margin | 9900 | €48,696 | €30,162 | -€18,533 | -38.1% |
| Operating profit (loss) | 9901 | -€53,023 | -€26,126 | +€26,897 | +50.7% |
| Financial income | 75/76B | €167,832 | €2,550 | -€165,282 | -98.5% |
| Recurring financial income | 75 | €167,832 | €2,550 | -€165,282 | -98.5% |
| Financial charges | 65/66B | €605 | €332,846 | +€332,240 | +54,873% |
| Recurring financial charges | 65 | €605 | €973 | +€367 | +60.7% |
| Non-recurring financial charges | 66B | - | €331,873 | +€331,873 | |
| Profit (loss) for the period before taxes | 9903 | €114,203 | -€356,422 | -€470,625 | |
| Transfer from deferred taxes | 780 | €4,674 | €4,674 | = | 0.0% |
| Income taxes | 67/77 | €37,427 | - | -€37,427 | |
| Profit (loss) for the period | 9904 | €81,450 | -€351,748 | -€433,198 | |
| Transfer from tax-exempt reserves | 789 | €14,021 | €14,021 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,471 | -€337,728 | -€433,198 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.