A & R CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€351,344
down €351,344 (-97.2%), from €361,555 to €10,211
of which Other amounts receivable: -€314,304
- Cash +€162,344
up €162,344 (+793%), from €20,474 to €182,818
mainly Receivables within one year (+€351,344) and Depreciation (+€148,569)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Other debts -€99,719
no longer reported in 2025 (was €99,719)
- Reserves -€80,998
down €80,998 (-42.3%), from €191,648 to €110,650
- Profit (loss) carried forward -€76,591
down €76,591, from €0 to -€76,591
- Financial income -€142,189
down €142,189 (-97.9%), from €145,195 to €3,006
- Gross operating margin -€137,784
down €137,784 (-60.8%), from €226,741 to €88,957
- Depreciation -€46,783
down €46,783 (-23.9%), from €195,352 to €148,569
- Financial charges -€14,455
down €14,455 (-17.4%), from €82,920 to €68,465
- Taxes +€7,024
up €7,024 (+82.2%), from €8,542 to €15,566
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 | €3,335,298 | €3,052,742 | -€282,555 | -8.5% |
| Fixed assets | 21/28 | €2,853,269 | €2,859,713 | +€6,444 | +0.2% |
| Tangible fixed assets | 22/27 | €2,835,559 | €2,842,003 | +€6,444 | +0.2% |
| Land and buildings | 22 | €2,775,600 | €2,706,526 | -€69,074 | -2.5% |
| Plant, machinery and equipment | 23 | €5,748 | €4,261 | -€1,487 | -25.9% |
| Furniture and vehicles | 24 | €40,466 | €117,471 | +€77,006 | +190% |
| Other tangible fixed assets | 26 | €13,745 | €13,745 | = | 0.0% |
| Financial fixed assets | 28 | €17,710 | €17,710 | = | 0.0% |
| Current assets | 29/58 | €482,029 | €193,030 | -€288,999 | -60.0% |
| Amounts receivable within one year | 40/41 | €361,555 | €10,211 | -€351,344 | -97.2% |
| Trade receivables | 40 | €44,407 | €7,367 | -€37,040 | -83.4% |
| Other amounts receivable | 41 | €317,148 | €2,844 | -€314,304 | -99.1% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €20,474 | €182,818 | +€162,344 | +793% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,335,298 | €3,052,742 | -€282,555 | -8.5% |
| Equity | 10/15 | €792,883 | €635,294 | -€157,589 | -19.9% |
| Contributions | 10/11 | €601,235 | €601,235 | = | 0.0% |
| Reserves | 13 | €191,648 | €110,650 | -€80,998 | -42.3% |
| Distributable reserves | 133 | €191,648 | €110,650 | -€80,998 | -42.3% |
| Profit (loss) carried forward | 14 | €0 | -€76,591 | -€76,591 | |
| Amounts payable | 17/49 | €2,542,414 | €2,417,448 | -€124,966 | -4.9% |
| Amounts payable after more than one year | 17 | €1,983,867 | €1,977,701 | -€6,166 | -0.3% |
| Financial debts | 170/4 | €1,983,867 | €1,977,701 | -€6,166 | -0.3% |
| Amounts payable within one year | 42/48 | €553,583 | €439,748 | -€113,836 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €261,053 | €263,966 | +€2,913 | +1.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Other loans | 439 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €12,992 | €11,537 | -€1,455 | -11.2% |
| Suppliers | 440/4 | €12,992 | €11,537 | -€1,455 | -11.2% |
| Advances received on contracts in progress | 46 | - | €8,042 | +€8,042 | |
| Taxes, remuneration and social security | 45 | €54,819 | €31,203 | -€23,616 | -43.1% |
| Taxes | 450/3 | €54,819 | €31,203 | -€23,616 | -43.1% |
| Other amounts payable | 47/48 | €99,719 | - | -€99,719 | |
| Accrued charges and deferred income | 492/3 | €4,964 | - | -€4,964 | |
| Remuneration, social security and pensions | 62 | - | €1,991 | +€1,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,352 | €148,569 | -€46,783 | -23.9% |
| Other operating charges | 640/8 | €13,630 | €14,962 | +€1,332 | +9.8% |
| Gross operating margin | 9900 | €226,741 | €88,957 | -€137,784 | -60.8% |
| Operating profit (loss) | 9901 | €17,759 | -€76,565 | -€94,324 | |
| Financial income | 75/76B | €145,195 | €3,006 | -€142,189 | -97.9% |
| Recurring financial income | 75 | €145,195 | €3,006 | -€142,189 | -97.9% |
| Financial charges | 65/66B | €82,920 | €68,465 | -€14,455 | -17.4% |
| Recurring financial charges | 65 | €82,920 | €68,465 | -€14,455 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €80,034 | -€142,024 | -€222,058 | |
| Income taxes | 67/77 | €8,542 | €15,566 | +€7,024 | +82.2% |
| Profit (loss) for the period | 9904 | €71,492 | -€157,589 | -€229,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,492 | -€157,589 | -€229,081 |
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 24 October 2026 via checked.be.