AREIMA: 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.
AREIMA
Largest movements
- Tangible fixed assets +€827,603
new in 2025: €827,603
of which Land and buildings: +€764,470
- Financial fixed assets -€181,702
down €181,702 (-100%), from €181,702 to €0
- Debts after one year +€368,235
up €368,235 (+2,223%), from €16,566 to €384,801
- Other debts +€136,862
up €136,862 (+659%), from €20,755 to €157,617
- Current portion of long-term debt +€69,928
up €69,928 (+462%), from €15,135 to €85,064
- Reserves +€55,582
up €55,582 (+44.0%), from €126,223 to €181,804
- Financial income +€90,461
new in 2025: €90,461
- Gross operating margin +€69,142
up €69,142, from -€5,596 to €63,546
- Depreciation +€57,200
new in 2025: €57,200
- Other operating charges +€19,468
up €19,468 (+3,757%), from €518 to €19,986
- Financial charges +€12,856
up €12,856 (+1,560%), from €824 to €13,680
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 | €198,714 | €843,633 | +€644,919 | +325% |
| Fixed assets | 21/28 | €181,702 | €827,603 | +€645,901 | +355% |
| Tangible fixed assets | 22/27 | - | €827,603 | +€827,603 | |
| Land and buildings | 22 | - | €764,470 | +€764,470 | |
| Furniture and vehicles | 24 | - | €63,133 | +€63,133 | |
| Financial fixed assets | 28 | €181,702 | €0 | -€181,702 | -100% |
| Current assets | 29/58 | €17,012 | €16,029 | -€983 | -5.8% |
| Stocks and contracts in progress | 3 | €3,250 | €0 | -€3,250 | -100% |
| Stocks | 30/36 | €3,250 | €0 | -€3,250 | -100% |
| Amounts receivable within one year | 40/41 | €7,387 | €7,312 | -€74 | -1.0% |
| Trade receivables | 40 | €6,593 | €6,915 | +€321 | +4.9% |
| Other amounts receivable | 41 | €793 | €397 | -€396 | -49.9% |
| Cash at bank and in hand | 54/58 | €3,585 | €7,050 | +€3,465 | +96.7% |
| Deferred charges and accrued income | 490/1 | €2,790 | €1,667 | -€1,123 | -40.2% |
| Total equity and liabilities | 10/49 | €198,714 | €843,633 | +€644,919 | +325% |
| Equity | 10/15 | €137,559 | €200,404 | +€62,845 | +45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,223 | €181,804 | +€55,582 | +44.0% |
| Distributable reserves | 133 | €126,223 | €181,804 | +€55,582 | +44.0% |
| Profit (loss) carried forward | 14 | -€7,263 | €0 | +€7,263 | |
| Amounts payable | 17/49 | €61,155 | €643,228 | +€582,074 | +952% |
| Amounts payable after more than one year | 17 | €16,566 | €384,801 | +€368,235 | +2,223% |
| Financial debts | 170/4 | €16,566 | €384,801 | +€368,235 | +2,223% |
| Amounts payable within one year | 42/48 | €43,088 | €252,567 | +€209,479 | +486% |
| Current portion of amounts payable after more than one year | 42 | €15,135 | €85,064 | +€69,928 | +462% |
| Trade debts | 44 | €2,729 | €1,173 | -€1,556 | -57.0% |
| Suppliers | 440/4 | €2,729 | €1,173 | -€1,556 | -57.0% |
| Taxes, remuneration and social security | 45 | €4,469 | €8,713 | +€4,244 | +95.0% |
| Taxes | 450/3 | €4,469 | €8,713 | +€4,244 | +95.0% |
| Other amounts payable | 47/48 | €20,755 | €157,617 | +€136,862 | +659% |
| Accrued charges and deferred income | 492/3 | €1,500 | €5,860 | +€4,360 | +291% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €57,200 | +€57,200 | |
| Other operating charges | 640/8 | €518 | €19,986 | +€19,468 | +3,757% |
| Gross operating margin | 9900 | -€5,596 | €63,546 | +€69,142 | |
| Operating profit (loss) | 9901 | -€6,114 | -€13,641 | -€7,526 | -123% |
| Financial income | 75/76B | - | €90,461 | +€90,461 | |
| Recurring financial income | 75 | - | €90,461 | +€90,461 | |
| Financial charges | 65/66B | €824 | €13,680 | +€12,856 | +1,560% |
| Recurring financial charges | 65 | €824 | €13,680 | +€12,856 | +1,560% |
| Profit (loss) for the period before taxes | 9903 | -€6,938 | €63,141 | +€70,079 | |
| Income taxes | 67/77 | €325 | €296 | -€29 | -9.0% |
| Profit (loss) for the period | 9904 | -€7,263 | €62,845 | +€70,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,263 | €62,845 | +€70,108 |
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 31 October 2026 via checked.be.