A.R.-Group: 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.-Group
Largest movements
- Cash -€24,226
down €24,226 (-26.1%), from €92,749 to €68,522
mainly Debts after one year (-€180,000) and Current portion of long-term debt (-€30,631)
- Receivables within one year -€2,129
down €2,129 (-7.0%), from €30,293 to €28,164
of which Other amounts receivable: -€1,310
- Debts after one year -€180,000
down €180,000 (-71.5%), from €251,800 to €71,800
- Other debts +€144,709
up €144,709 (+1,829%), from €7,911 to €152,620
- Profit (loss) carried forward +€39,728
up €39,728 (+19.8%), from -€200,696 to -€160,968
- Current portion of long-term debt -€30,631
down €30,631 (-100%), from €30,631 to €0
- Trade debts -€2,961
down €2,961 (-17.9%), from €16,557 to €13,595
- Gross operating margin +€24,314
up €24,314 (+109%), from €22,218 to €46,533
- Depreciation -€2,642
down €2,642 (-79.2%), from €3,336 to €695
- Taxes +€1,739
up €1,739 (+285%), from €609 to €2,348
- Financial charges +€1,216
up €1,216 (+124%), from €977 to €2,193
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 | €128,394 | €100,865 | -€27,530 | -21.4% |
| Fixed assets | 21/28 | €2,299 | €2,222 | -€77 | -3.4% |
| Tangible fixed assets | 22/27 | €2,299 | €2,222 | -€77 | -3.4% |
| Furniture and vehicles | 24 | €2,299 | €2,222 | -€77 | -3.4% |
| Current assets | 29/58 | €126,095 | €98,643 | -€27,452 | -21.8% |
| Amounts receivable within one year | 40/41 | €30,293 | €28,164 | -€2,129 | -7.0% |
| Trade receivables | 40 | €21,392 | €20,572 | -€820 | -3.8% |
| Other amounts receivable | 41 | €8,901 | €7,592 | -€1,310 | -14.7% |
| Cash at bank and in hand | 54/58 | €92,749 | €68,522 | -€24,226 | -26.1% |
| Deferred charges and accrued income | 490/1 | €3,053 | €1,957 | -€1,097 | -35.9% |
| Total equity and liabilities | 10/49 | €128,394 | €100,865 | -€27,530 | -21.4% |
| Equity | 10/15 | -€180,236 | -€140,508 | +€39,728 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,696 | -€160,968 | +€39,728 | +19.8% |
| Amounts payable | 17/49 | €308,631 | €241,373 | -€67,258 | -21.8% |
| Amounts payable after more than one year | 17 | €251,800 | €71,800 | -€180,000 | -71.5% |
| Financial debts | 170/4 | €251,800 | €71,800 | -€180,000 | -71.5% |
| Amounts payable within one year | 42/48 | €56,831 | €169,573 | +€112,742 | +198% |
| Current portion of amounts payable after more than one year | 42 | €30,631 | €0 | -€30,631 | -100% |
| Trade debts | 44 | €16,557 | €13,595 | -€2,961 | -17.9% |
| Suppliers | 440/4 | €16,557 | €13,595 | -€2,961 | -17.9% |
| Taxes, remuneration and social security | 45 | €1,732 | €3,357 | +€1,625 | +93.8% |
| Taxes | 450/3 | €1,732 | €3,357 | +€1,625 | +93.8% |
| Other amounts payable | 47/48 | €7,911 | €152,620 | +€144,709 | +1,829% |
| Non-recurring operating income | 76A | - | €29,796 | +€29,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,336 | €695 | -€2,642 | -79.2% |
| Other operating charges | 640/8 | €1,461 | €1,571 | +€110 | +7.5% |
| Gross operating margin | 9900 | €22,218 | €46,533 | +€24,314 | +109% |
| Operating profit (loss) | 9901 | €17,421 | €44,267 | +€26,846 | +154% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €977 | €2,193 | +€1,216 | +124% |
| Recurring financial charges | 65 | €977 | €2,193 | +€1,216 | +124% |
| Profit (loss) for the period before taxes | 9903 | €16,444 | €42,077 | +€25,633 | +156% |
| Income taxes | 67/77 | €609 | €2,348 | +€1,739 | +285% |
| Profit (loss) for the period | 9904 | €15,834 | €39,728 | +€23,894 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €15,834 | €39,728 | +€23,894 | +151% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.