A-RS: what changed
Two fiscal 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-RS
Largest movements
- Receivables within one year +€150,002
up €150,002 (+1266.5%), from €11,844 to €161,846
of which Trade receivables: +€149,667
- Financial fixed assets +€12,098
new in 2025: €12,098
- Deferred charges and accrued income +€9,758
new in 2025: €9,758
- Current investments +€8,229
new in 2025: €8,229
- Tax, wage and social debts +€78,311
up €78,311 (+3893.6%), from €2,011 to €80,322
of which Taxes: +€64,726
- Profit (loss) carried forward +€59,724
up €59,724 (+859.9%), from €6,945 to €66,670
- Trade debts +€19,562
up €19,562 (+5050.4%), from €387 to €19,949
- Other debts +€12,236
new in 2025: €12,236
- Advances received +€11,318
new in 2025: €11,318
- Turnover +€693,285
up €693,285 (+36488.7%), from €1,900 to €695,185
- Purchases and services +€532,078
new in 2025: €532,078
- Gross operating margin +€163,292
up €163,292 (+55601.9%), from €294 to €163,585
- Staff costs +€84,269
new in 2025: €84,269
- Taxes +€15,140
new in 2025: €15,140
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,844 | €193,044 | +€181,200 | +1529.9% |
| Fixed assets | 21/28 | - | €13,211 | +€13,211 | |
| Tangible fixed assets | 22/27 | - | €1,113 | +€1,113 | |
| Plant, machinery and equipment | 23 | - | €1,113 | +€1,113 | |
| Financial fixed assets | 28 | - | €12,098 | +€12,098 | |
| Current assets | 29/58 | €11,844 | €179,833 | +€167,989 | +1418.4% |
| Amounts receivable within one year | 40/41 | €11,844 | €161,846 | +€150,002 | +1266.5% |
| Trade receivables | 40 | €197 | €149,863 | +€149,667 | +76069.4% |
| Other amounts receivable | 41 | €11,647 | €11,983 | +€336 | +2.9% |
| Current investments | 50/53 | - | €8,229 | +€8,229 | |
| Deferred charges and accrued income | 490/1 | - | €9,758 | +€9,758 | |
| Total equity and liabilities | 10/49 | €11,844 | €193,044 | +€181,200 | +1529.9% |
| Equity | 10/15 | €9,445 | €69,170 | +€59,724 | +632.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,945 | €66,670 | +€59,724 | +859.9% |
| Amounts payable | 17/49 | €2,399 | €123,874 | +€121,475 | +5064.5% |
| Amounts payable within one year | 42/48 | €2,399 | €123,825 | +€121,426 | +5062.4% |
| Trade debts | 44 | €387 | €19,949 | +€19,562 | +5050.4% |
| Suppliers | 440/4 | €387 | €19,949 | +€19,562 | +5050.4% |
| Advances received on contracts in progress | 46 | - | €11,318 | +€11,318 | |
| Taxes, remuneration and social security | 45 | €2,011 | €80,322 | +€78,311 | +3893.6% |
| Taxes | 450/3 | €2,011 | €66,737 | +€64,726 | +3218.2% |
| Remuneration and social security | 454/9 | - | €13,584 | +€13,584 | |
| Other amounts payable | 47/48 | - | €12,236 | +€12,236 | |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Turnover | 70 | €1,900 | €695,185 | +€693,285 | +36488.7% |
| Non-recurring operating income | 76A | €18 | €479 | +€461 | +2620.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €532,078 | +€532,078 | |
| Remuneration, social security and pensions | 62 | - | €84,269 | +€84,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €557 | +€557 | |
| Other operating charges | 640/8 | €662 | €2,477 | +€1,815 | +274.2% |
| Non-recurring operating charges | 66A | - | €1,315 | +€1,315 | |
| Gross operating margin | 9900 | €294 | €163,585 | +€163,292 | +55601.9% |
| Operating profit (loss) | 9901 | -€368 | €74,967 | +€75,335 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €246 | €107 | -€139 | -56.4% |
| Recurring financial charges | 65 | €246 | €107 | -€139 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€615 | €74,865 | +€75,479 | |
| Income taxes | 67/77 | - | €15,140 | +€15,140 | |
| Profit (loss) for the period | 9904 | -€615 | €59,724 | +€60,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€615 | €59,724 | +€60,339 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.