A.R.S.: 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.S.
Largest movements
- Receivables within one year -€8,991
down €8,991 (-66.3%), from €13,561 to €4,571
- Tangible fixed assets +€5,129
up €5,129 (+4,093%), from €125 to €5,254
of which Furniture and vehicles: +€5,251
- Cash +€4,019
up €4,019 (+148%), from €2,716 to €6,735
mainly Receivables within one year (+€8,991) and Net result for the year (+€6,377)
- Trade debts -€9,969
down €9,969 (-84.8%), from €11,757 to €1,788
- Profit (loss) carried forward +€4,764
no longer reported in 2025 (was -€4,764)
- Other debts +€2,290
up €2,290 (+14.6%), from €15,659 to €17,949
- Tax, wage and social debts +€1,673
up €1,673 (+46.9%), from €3,568 to €5,241
- Reserves +€1,613
new in 2025: €1,613
- Taxes +€1,759
new in 2025: €1,759
- Gross operating margin -€850
down €850 (-7.4%), from €11,477 to €10,627
- Depreciation +€399
up €399 (+328%), from €122 to €521
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 | €33,720 | €34,091 | +€371 | +1.1% |
| Fixed assets | 21/28 | €17,432 | €22,561 | +€5,129 | +29.4% |
| Intangible fixed assets | 21 | €17,306 | €17,306 | = | 0.0% |
| Tangible fixed assets | 22/27 | €125 | €5,254 | +€5,129 | +4,093% |
| Plant, machinery and equipment | 23 | €125 | €4 | -€122 | -97.1% |
| Furniture and vehicles | 24 | - | €5,251 | +€5,251 | |
| Current assets | 29/58 | €16,288 | €11,531 | -€4,758 | -29.2% |
| Amounts receivable within one year | 40/41 | €13,561 | €4,571 | -€8,991 | -66.3% |
| Trade receivables | 40 | €13,561 | €4,571 | -€8,991 | -66.3% |
| Cash at bank and in hand | 54/58 | €2,716 | €6,735 | +€4,019 | +148% |
| Deferred charges and accrued income | 490/1 | €11 | €225 | +€214 | +1,976% |
| Total equity and liabilities | 10/49 | €33,720 | €34,091 | +€371 | +1.1% |
| Equity | 10/15 | €2,736 | €9,113 | +€6,377 | +233% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | - | €1,613 | +€1,613 | |
| Distributable reserves | 133 | - | €1,613 | +€1,613 | |
| Profit (loss) carried forward | 14 | -€4,764 | - | +€4,764 | |
| Amounts payable | 17/49 | €30,984 | €24,978 | -€6,006 | -19.4% |
| Amounts payable within one year | 42/48 | €30,984 | €24,978 | -€6,006 | -19.4% |
| Trade debts | 44 | €11,757 | €1,788 | -€9,969 | -84.8% |
| Suppliers | 440/4 | €11,757 | €1,788 | -€9,969 | -84.8% |
| Taxes, remuneration and social security | 45 | €3,568 | €5,241 | +€1,673 | +46.9% |
| Taxes | 450/3 | €3,568 | €5,241 | +€1,673 | +46.9% |
| Other amounts payable | 47/48 | €15,659 | €17,949 | +€2,290 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €521 | +€399 | +328% |
| Other operating charges | 640/8 | €1,675 | €1,647 | -€28 | -1.7% |
| Gross operating margin | 9900 | €11,477 | €10,627 | -€850 | -7.4% |
| Operating profit (loss) | 9901 | €9,681 | €8,460 | -€1,221 | -12.6% |
| Financial income | 75/76B | €29 | €0 | -€29 | -100.0% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -100.0% |
| Financial charges | 65/66B | €241 | €324 | +€83 | +34.3% |
| Recurring financial charges | 65 | €241 | €324 | +€83 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €9,468 | €8,136 | -€1,333 | -14.1% |
| Income taxes | 67/77 | - | €1,759 | +€1,759 | |
| Profit (loss) for the period | 9904 | €9,468 | €6,377 | -€3,091 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,468 | €6,377 | -€3,091 | -32.6% |
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 27 October 2026 via checked.be.