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 +€50,927
new in 2025: €50,927
of which Other amounts receivable: +€50,414
- Reserves +€39,744
new in 2025: €39,744
- Tax, wage and social debts +€10,572
new in 2025: €10,572
- Trade debts +€808
new in 2025: €808
- Gross operating margin +€49,570
new in 2025: €49,570
- Taxes +€9,936
new in 2025: €9,936
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €2,000 | €53,124 | +€51,124 | +2,556% |
| Current assets | 29/58 | €2,000 | €53,124 | +€51,124 | +2,556% |
| Amounts receivable within one year | 40/41 | - | €50,927 | +€50,927 | |
| Trade receivables | 40 | - | €512 | +€512 | |
| Other amounts receivable | 41 | - | €50,414 | +€50,414 | |
| Cash at bank and in hand | 54/58 | €2,000 | €2,135 | +€135 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €63 | +€63 | |
| Total equity and liabilities | 10/49 | €2,000 | €53,124 | +€51,124 | +2,556% |
| Equity | 10/15 | €2,000 | €41,744 | +€39,744 | +1,987% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €39,744 | +€39,744 | |
| Distributable reserves | 133 | - | €39,744 | +€39,744 | |
| Amounts payable | 17/49 | - | €11,380 | +€11,380 | |
| Amounts payable within one year | 42/48 | - | €11,380 | +€11,380 | |
| Trade debts | 44 | - | €808 | +€808 | |
| Suppliers | 440/4 | - | €808 | +€808 | |
| Taxes, remuneration and social security | 45 | - | €10,572 | +€10,572 | |
| Taxes | 450/3 | - | €10,572 | +€10,572 | |
| Other operating charges | 640/8 | - | €19 | +€19 | |
| Gross operating margin | 9900 | - | €49,570 | +€49,570 | |
| Operating profit (loss) | 9901 | - | €49,551 | +€49,551 | |
| Financial income | 75/76B | - | €236 | +€236 | |
| Recurring financial income | 75 | - | €236 | +€236 | |
| Financial charges | 65/66B | - | €107 | +€107 | |
| Recurring financial charges | 65 | - | €107 | +€107 | |
| Profit (loss) for the period before taxes | 9903 | - | €49,680 | +€49,680 | |
| Income taxes | 67/77 | - | €9,936 | +€9,936 | |
| Profit (loss) for the period | 9904 | - | €39,744 | +€39,744 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €39,744 | +€39,744 |
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 21 October 2026 via checked.be.