REDERIJ ARIS: 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.
REDERIJ ARIS
Largest movements
- Tangible fixed assets -€675,362
down €675,362 (-24.0%), from €2.8m to €2.1m
of which Furniture and vehicles: -€695,401
- Current investments -€250,928
down €250,928 (-23.2%), from €1.1m to €829,333
- Cash +€248,133
up €248,133 (+56.0%), from €443,409 to €691,542
mainly Depreciation (+€730,099) and Current investments (+€250,928)
- Deferred charges and accrued income -€46,115
down €46,115 (-34.8%), from €132,557 to €86,443
- Reserves -€466,870
down €466,870 (-36.3%), from €1.3m to €818,835
of which Distributable reserves: -€384,933
- Debts after one year -€233,333
down €233,333 (-11.1%), from €2.1m to €1.9m
- Other debts +€138,869
up €138,869 (+46.1%), from €301,388 to €440,257
- Investment grants -€72,396
down €72,396 (-25.2%), from €287,113 to €214,717
- Other operating charges +€103,826
up €103,826 (+1,056%), from €9,829 to €113,655
- Financial charges +€39,997
up €39,997 (+214%), from €18,669 to €58,666
- Staff costs +€36,657
up €36,657 (+5.4%), from €681,011 to €717,669
- Financial income +€26,434
up €26,434 (+22.8%), from €116,187 to €142,621
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 | €4,489,420 | €3,790,308 | -€699,112 | -15.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,830,893 | €2,155,531 | -€675,362 | -23.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,816,654 | €2,141,292 | -€675,362 | -24.0% |
| Land and buildings | 22 | €65,643 | €59,687 | -€5,956 | -9.1% |
| Plant, machinery and equipment | 23 | €96,858 | €122,852 | +€25,994 | +26.8% |
| Furniture and vehicles | 24 | €2,654,154 | €1,958,753 | -€695,401 | -26.2% |
| Financial fixed assets | 28 | €14,239 | €14,239 | = | 0.0% |
| Current assets | 29/58 | €1,658,526 | €1,634,776 | -€23,750 | -1.4% |
| Amounts receivable within one year | 40/41 | €2,299 | €27,458 | +€25,159 | +1,094% |
| Trade receivables | 40 | - | €22,802 | +€22,802 | |
| Other amounts receivable | 41 | €2,299 | €4,657 | +€2,358 | +103% |
| Current investments | 50/53 | €1,080,260 | €829,333 | -€250,928 | -23.2% |
| Cash at bank and in hand | 54/58 | €443,409 | €691,542 | +€248,133 | +56.0% |
| Deferred charges and accrued income | 490/1 | €132,557 | €86,443 | -€46,115 | -34.8% |
| Total equity and liabilities | 10/49 | €4,489,420 | €3,790,308 | -€699,112 | -15.6% |
| Equity | 10/15 | €1,511,538 | €972,272 | -€539,266 | -35.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €1,285,704 | €818,835 | -€466,870 | -36.3% |
| Tax-exempt reserves | 132 | €333,132 | €251,196 | -€81,936 | -24.6% |
| Distributable reserves | 133 | €952,572 | €567,639 | -€384,933 | -40.4% |
| Profit (loss) carried forward | 14 | -€83,279 | -€83,279 | +€0 | 0.0% |
| Investment grants | 15 | €287,113 | €214,717 | -€72,396 | -25.2% |
| Provisions and deferred taxes | 16 | €153,176 | €115,357 | -€37,819 | -24.7% |
| Deferred taxes | 168 | €153,176 | €115,357 | -€37,819 | -24.7% |
| Amounts payable | 17/49 | €2,824,705 | €2,702,678 | -€122,027 | -4.3% |
| Amounts payable after more than one year | 17 | €2,100,000 | €1,866,666 | -€233,333 | -11.1% |
| Financial debts | 170/4 | €2,100,000 | €1,866,666 | -€233,333 | -11.1% |
| Amounts payable within one year | 42/48 | €722,909 | €834,394 | +€111,486 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €233,333 | €233,333 | = | 0.0% |
| Trade debts | 44 | €69,371 | €70,423 | +€1,052 | +1.5% |
| Suppliers | 440/4 | €69,371 | €70,423 | +€1,052 | +1.5% |
| Taxes, remuneration and social security | 45 | €118,816 | €90,381 | -€28,435 | -23.9% |
| Taxes | 450/3 | €84,623 | €68,528 | -€16,095 | -19.0% |
| Remuneration and social security | 454/9 | €34,194 | €21,853 | -€12,341 | -36.1% |
| Other amounts payable | 47/48 | €301,388 | €440,257 | +€138,869 | +46.1% |
| Accrued charges and deferred income | 492/3 | €1,797 | €1,617 | -€180 | -10.0% |
| Non-recurring operating income | 76A | - | €55,221 | +€55,221 | |
| Remuneration, social security and pensions | 62 | €681,011 | €717,669 | +€36,657 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733,153 | €730,099 | -€3,054 | -0.4% |
| Other operating charges | 640/8 | €9,829 | €113,655 | +€103,826 | +1,056% |
| Gross operating margin | 9900 | €1,417,740 | €1,417,310 | -€430 | 0.0% |
| Operating profit (loss) | 9901 | -€6,254 | -€144,113 | -€137,859 | -2,204% |
| Financial income | 75/76B | €116,187 | €142,621 | +€26,434 | +22.8% |
| Recurring financial income | 75 | €116,187 | €142,621 | +€26,434 | +22.8% |
| Financial charges | 65/66B | €18,669 | €58,666 | +€39,997 | +214% |
| Recurring financial charges | 65 | €18,669 | €58,666 | +€39,997 | +214% |
| Profit (loss) for the period before taxes | 9903 | €91,263 | -€60,158 | -€151,421 | |
| Transfer from deferred taxes | 780 | €37,877 | €38,053 | +€176 | +0.5% |
| Income taxes | 67/77 | €19,652 | €5,896 | -€13,756 | -70.0% |
| Profit (loss) for the period | 9904 | €109,488 | -€28,001 | -€137,489 | |
| Transfer from tax-exempt reserves | 789 | €81,936 | €81,936 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €191,425 | €53,936 | -€137,489 | -71.8% |
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 25 October 2026 via checked.be.