L'ARISTO: what changed
Two financial 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.
L'ARISTO
Largest movements
- Tangible fixed assets +€101,944
up €101,944 (+77.2%), from €132,114 to €234,058
of which Plant, machinery and equipment: +€105,614
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€69,344
up €69,344 (+86.5%), from €80,156 to €149,500
mainly Current investments (+€100,000) and Net result for the year (+€59,508)
- Reserves +€59,508
up €59,508 (+14.9%), from €400,424 to €459,932
of which Distributable reserves: +€59,508
- Trade debts +€37,287
up €37,287 (+196%), from €19,071 to €56,358
- Tax, wage and social debts -€24,413
down €24,413 (-55.3%), from €44,139 to €19,726
of which Taxes: -€26,149
- Staff costs +€19,833
up €19,833 (+9.6%), from €206,314 to €226,147
- Gross operating margin -€18,991
down €18,991 (-3.4%), from €559,417 to €540,425
- Taxes -€18,624
down €18,624 (-24.7%), from €75,353 to €56,729
- Other operating charges +€10,473
up €10,473 (+7.1%), from €148,373 to €158,846
- Depreciation +€8,154
up €8,154 (+24.1%), from €33,810 to €41,964
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.
Derived cash bridge
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 | €525,635 | €598,339 | +€72,704 | +13.8% |
| Fixed assets | 21/28 | €206,730 | €308,674 | +€101,944 | +49.3% |
| Tangible fixed assets | 22/27 | €132,114 | €234,058 | +€101,944 | +77.2% |
| Plant, machinery and equipment | 23 | €101,369 | €206,983 | +€105,614 | +104% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €30,745 | €27,075 | -€3,670 | -11.9% |
| Financial fixed assets | 28 | €74,616 | €74,616 | = | 0.0% |
| Current assets | 29/58 | €318,905 | €289,665 | -€29,240 | -9.2% |
| Stocks and contracts in progress | 3 | €491 | €502 | +€10 | +2.1% |
| Stocks | 30/36 | €491 | €502 | +€10 | +2.1% |
| Amounts receivable within one year | 40/41 | €8,261 | €8,942 | +€681 | +8.2% |
| Trade receivables | 40 | €5,744 | €5,000 | -€744 | -12.9% |
| Other amounts receivable | 41 | €2,517 | €3,942 | +€1,425 | +56.6% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €80,156 | €149,500 | +€69,344 | +86.5% |
| Deferred charges and accrued income | 490/1 | €129,997 | €130,722 | +€725 | +0.6% |
| Total equity and liabilities | 10/49 | €525,635 | €598,339 | +€72,704 | +13.8% |
| Equity | 10/15 | €462,424 | €521,932 | +€59,508 | +12.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €400,424 | €459,932 | +€59,508 | +14.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €394,224 | €453,732 | +€59,508 | +15.1% |
| Amounts payable | 17/49 | €63,210 | €76,407 | +€13,197 | +20.9% |
| Amounts payable within one year | 42/48 | €63,210 | €76,084 | +€12,874 | +20.4% |
| Trade debts | 44 | €19,071 | €56,358 | +€37,287 | +196% |
| Suppliers | 440/4 | €19,071 | €56,358 | +€37,287 | +196% |
| Taxes, remuneration and social security | 45 | €44,139 | €19,726 | -€24,413 | -55.3% |
| Taxes | 450/3 | €26,266 | €117 | -€26,149 | -99.6% |
| Remuneration and social security | 454/9 | €17,873 | €19,609 | +€1,736 | +9.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €323 | +€323 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €206,314 | €226,147 | +€19,833 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,810 | €41,964 | +€8,154 | +24.1% |
| Other operating charges | 640/8 | €148,373 | €158,846 | +€10,473 | +7.1% |
| Gross operating margin | 9900 | €559,417 | €540,425 | -€18,991 | -3.4% |
| Operating profit (loss) | 9901 | €170,919 | €113,468 | -€57,452 | -33.6% |
| Financial income | 75/76B | €448 | €2,956 | +€2,508 | +559% |
| Recurring financial income | 75 | €448 | €2,956 | +€2,508 | +559% |
| Financial charges | 65/66B | €2 | €188 | +€186 | +10,152% |
| Recurring financial charges | 65 | €2 | €188 | +€186 | +10,152% |
| Profit (loss) for the period before taxes | 9903 | €171,366 | €116,236 | -€55,129 | -32.2% |
| Income taxes | 67/77 | €75,353 | €56,729 | -€18,624 | -24.7% |
| Profit (loss) for the period | 9904 | €96,013 | €59,508 | -€36,505 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,013 | €59,508 | -€36,505 | -38.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.