A-R PROPERTIES: 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 PROPERTIES
Largest movements
- Cash +€102,240
up €102,240 (+9,328%), from €1,096 to €103,336
mainly Net result for the year (+€86,922) and Tax, wage and social debts (+€24,941)
- Receivables within one year +€16,886
up €16,886 (+121%), from €14,005 to €30,891
of which Trade receivables: +€24,068
- Tangible fixed assets +€8,848
new in 2026: €8,848
- Profit (loss) carried forward +€86,922
up €86,922, from -€17,006 to €69,916
- Tax, wage and social debts +€24,941
up €24,941 (+351%), from €7,107 to €32,048
- Trade debts +€16,111
new in 2026: €16,111
- Gross operating margin +€132,662
up €132,662, from -€16,551 to €116,111
- Taxes +€24,260
new in 2026: €24,260
- Depreciation +€3,149
new in 2026: €3,149
- Other operating charges +€1,275
up €1,275 (+299%), from €427 to €1,702
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,101 | €143,075 | +€127,974 | +847% |
| Fixed assets | 21/28 | - | €8,848 | +€8,848 | |
| Tangible fixed assets | 22/27 | - | €8,848 | +€8,848 | |
| Furniture and vehicles | 24 | - | €8,848 | +€8,848 | |
| Current assets | 29/58 | €15,101 | €134,227 | +€119,126 | +789% |
| Amounts receivable within one year | 40/41 | €14,005 | €30,891 | +€16,886 | +121% |
| Trade receivables | 40 | - | €24,068 | +€24,068 | |
| Other amounts receivable | 41 | €14,005 | €6,823 | -€7,182 | -51.3% |
| Cash at bank and in hand | 54/58 | €1,096 | €103,336 | +€102,240 | +9,328% |
| Total equity and liabilities | 10/49 | €15,101 | €143,075 | +€127,974 | +847% |
| Equity | 10/15 | €7,994 | €94,916 | +€86,922 | +1,087% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,006 | €69,916 | +€86,922 | |
| Amounts payable | 17/49 | €7,107 | €48,159 | +€41,052 | +578% |
| Amounts payable within one year | 42/48 | €7,107 | €48,159 | +€41,052 | +578% |
| Trade debts | 44 | - | €16,111 | +€16,111 | |
| Suppliers | 440/4 | - | €16,111 | +€16,111 | |
| Taxes, remuneration and social security | 45 | €7,107 | €32,048 | +€24,941 | +351% |
| Taxes | 450/3 | €7,107 | €32,048 | +€24,941 | +351% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,149 | +€3,149 | |
| Other operating charges | 640/8 | €427 | €1,702 | +€1,275 | +299% |
| Gross operating margin | 9900 | -€16,551 | €116,111 | +€132,662 | |
| Operating profit (loss) | 9901 | -€16,978 | €111,260 | +€128,238 | |
| Financial charges | 65/66B | €28 | €78 | +€50 | +179% |
| Recurring financial charges | 65 | €28 | €78 | +€50 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€17,006 | €111,182 | +€128,188 | |
| Income taxes | 67/77 | - | €24,260 | +€24,260 | |
| Profit (loss) for the period | 9904 | -€17,006 | €86,922 | +€103,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,006 | €86,922 | +€103,928 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.