A.R.A. Consultants: 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.
A.R.A. Consultants
Largest movements
- Cash +€86,279
up €86,279 (+72.9%), from €118,369 to €204,648
mainly Net result for the year (+€78,024) and Depreciation (+€11,331)
- Tangible fixed assets -€11,331
down €11,331 (-22.2%), from €50,986 to €39,655
of which Furniture and vehicles: -€10,959
- Receivables within one year +€5,725
up €5,725 (+98.9%), from €5,788 to €11,513
of which Trade receivables: +€5,946
- Profit (loss) carried forward +€78,024
up €78,024 (+51.4%), from €151,742 to €229,766
- Tax, wage and social debts +€2,751
up €2,751 (+15.0%), from €18,327 to €21,078
- Gross operating margin +€16,543
up €16,543 (+17.5%), from €94,332 to €110,875
- Depreciation +€4,635
up €4,635 (+69.2%), from €6,696 to €11,331
- Taxes +€2,751
up €2,751 (+15.0%), from €18,327 to €21,078
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 | €175,596 | €256,295 | +€80,699 | +46.0% |
| Fixed assets | 21/28 | €50,986 | €39,655 | -€11,331 | -22.2% |
| Tangible fixed assets | 22/27 | €50,986 | €39,655 | -€11,331 | -22.2% |
| Land and buildings | 22 | €2,899 | €2,527 | -€372 | -12.8% |
| Furniture and vehicles | 24 | €48,086 | €37,128 | -€10,959 | -22.8% |
| Current assets | 29/58 | €124,611 | €216,640 | +€92,030 | +73.9% |
| Amounts receivable within one year | 40/41 | €5,788 | €11,513 | +€5,725 | +98.9% |
| Trade receivables | 40 | €5,292 | €11,238 | +€5,946 | +112% |
| Other amounts receivable | 41 | €496 | €276 | -€220 | -44.4% |
| Cash at bank and in hand | 54/58 | €118,369 | €204,648 | +€86,279 | +72.9% |
| Deferred charges and accrued income | 490/1 | €454 | €479 | +€25 | +5.5% |
| Total equity and liabilities | 10/49 | €175,596 | €256,295 | +€80,699 | +46.0% |
| Equity | 10/15 | €156,742 | €234,766 | +€78,024 | +49.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,742 | €229,766 | +€78,024 | +51.4% |
| Amounts payable | 17/49 | €18,854 | €21,529 | +€2,675 | +14.2% |
| Amounts payable within one year | 42/48 | €18,854 | €21,529 | +€2,675 | +14.2% |
| Trade debts | 44 | €427 | €351 | -€76 | -17.8% |
| Suppliers | 440/4 | €427 | €351 | -€76 | -17.8% |
| Taxes, remuneration and social security | 45 | €18,327 | €21,078 | +€2,751 | +15.0% |
| Taxes | 450/3 | €18,327 | €21,078 | +€2,751 | +15.0% |
| Other amounts payable | 47/48 | €100 | €100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,696 | €11,331 | +€4,635 | +69.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €94,332 | €110,875 | +€16,543 | +17.5% |
| Operating profit (loss) | 9901 | €87,636 | €99,145 | +€11,508 | +13.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €41 | €42 | +€1 | +3.3% |
| Recurring financial charges | 65 | €41 | €42 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €87,596 | €99,103 | +€11,507 | +13.1% |
| Income taxes | 67/77 | €18,327 | €21,078 | +€2,751 | +15.0% |
| Profit (loss) for the period | 9904 | €69,268 | €78,024 | +€8,756 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,268 | €78,024 | +€8,756 | +12.6% |
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 28 October 2026 via checked.be.