AR-CAD +: 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.
AR-CAD +
Largest movements
- Tangible fixed assets -€7,669
down €7,669 (-50.0%), from €15,338 to €7,669
- Receivables within one year +€4,972
up €4,972 (+24.9%), from €19,981 to €24,952
- Current investments +€1,946
up €1,946 (+49.3%), from €3,948 to €5,894
- Profit (loss) carried forward +€6,220
up €6,220 (+25.9%), from €24,014 to €30,234
- Short-term financial debts -€6,212
down €6,212 (-82.8%), from €7,500 to €1,288
of which Credit institutions: -€7,500
- Debts after one year -€1,250
no longer reported in 2025 (was €1,250)
- Tax, wage and social debts +€539
new in 2025: €539
- Gross operating margin -€857
down €857 (-5.5%), from €15,551 to €14,695
- Taxes +€811
up €811 (+37.3%), from €2,177 to €2,989
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 | €39,267 | €38,515 | -€752 | -1.9% |
| Fixed assets | 21/28 | €15,338 | €7,669 | -€7,669 | -50.0% |
| Tangible fixed assets | 22/27 | €15,338 | €7,669 | -€7,669 | -50.0% |
| Furniture and vehicles | 24 | €15,338 | €7,669 | -€7,669 | -50.0% |
| Current assets | 29/58 | €23,929 | €30,846 | +€6,918 | +28.9% |
| Amounts receivable within one year | 40/41 | €19,981 | €24,952 | +€4,972 | +24.9% |
| Other amounts receivable | 41 | €19,981 | €24,952 | +€4,972 | +24.9% |
| Current investments | 50/53 | €3,948 | €5,894 | +€1,946 | +49.3% |
| Total equity and liabilities | 10/49 | €39,267 | €38,515 | -€752 | -1.9% |
| Equity | 10/15 | €30,211 | €36,431 | +€6,220 | +20.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,394 | €12,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,014 | €30,234 | +€6,220 | +25.9% |
| Amounts payable | 17/49 | €9,056 | €2,084 | -€6,972 | -77.0% |
| Amounts payable after more than one year | 17 | €1,250 | - | -€1,250 | |
| Financial debts | 170/4 | €1,250 | - | -€1,250 | |
| Amounts payable within one year | 42/48 | €7,806 | €2,084 | -€5,722 | -73.3% |
| Financial debts | 43 | €7,500 | €1,288 | -€6,212 | -82.8% |
| Credit institutions | 430/8 | €7,500 | - | -€7,500 | |
| Other loans | 439 | - | €1,288 | +€1,288 | |
| Trade debts | 44 | €306 | €257 | -€49 | -16.1% |
| Suppliers | 440/4 | €306 | €257 | -€49 | -16.1% |
| Taxes, remuneration and social security | 45 | - | €539 | +€539 | |
| Taxes | 450/3 | - | €539 | +€539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,669 | €7,669 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €15,551 | €14,695 | -€857 | -5.5% |
| Operating profit (loss) | 9901 | €7,498 | €6,638 | -€859 | -11.5% |
| Financial charges | 65/66B | €318 | €430 | +€111 | +35.0% |
| Recurring financial charges | 65 | €318 | €430 | +€111 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €7,180 | €6,209 | -€971 | -13.5% |
| Income taxes | 67/77 | €2,177 | €2,989 | +€811 | +37.3% |
| Profit (loss) for the period | 9904 | €5,002 | €3,220 | -€1,782 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,002 | €3,220 | -€1,782 | -35.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.