AR-CANE: 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.
AR-CANE
Largest movements
- Cash +€11,604
up €11,604 (+70.2%), from €16,525 to €28,129
mainly Receivables within one year (+€7,638) and Net result for the year (+€7,384)
- Receivables within one year -€7,638
down €7,638 (-77.5%), from €9,851 to €2,213
of which Trade receivables: -€9,075
- Deferred charges and accrued income +€3,758
up €3,758 (+1,006%), from €373 to €4,131
- Tangible fixed assets +€1,596
up €1,596 (+150%), from €1,064 to €2,660
of which Furniture and vehicles: +€1,680
- Reserves +€7,384
up €7,384 (+32.3%), from €22,844 to €30,228
- Short-term financial debts +€2,086
new in 2025: €2,086
- Trade debts -€492
down €492 (-64.2%), from €766 to €274
- Gross operating margin -€18,999
down €18,999 (-65.9%), from €28,825 to €9,826
- Taxes -€4,018
down €4,018 (-68.8%), from €5,841 to €1,822
- Depreciation +€544
up €544 (+1,602%), from €34 to €578
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 | €27,814 | €37,134 | +€9,319 | +33.5% |
| Fixed assets | 21/28 | €1,064 | €2,660 | +€1,596 | +150% |
| Tangible fixed assets | 22/27 | €1,064 | €2,660 | +€1,596 | +150% |
| Plant, machinery and equipment | 23 | €413 | €329 | -€84 | -20.4% |
| Furniture and vehicles | 24 | €651 | €2,331 | +€1,680 | +258% |
| Current assets | 29/58 | €26,750 | €34,473 | +€7,723 | +28.9% |
| Amounts receivable within one year | 40/41 | €9,851 | €2,213 | -€7,638 | -77.5% |
| Trade receivables | 40 | €9,075 | - | -€9,075 | |
| Other amounts receivable | 41 | €776 | €2,213 | +€1,437 | +185% |
| Cash at bank and in hand | 54/58 | €16,525 | €28,129 | +€11,604 | +70.2% |
| Deferred charges and accrued income | 490/1 | €373 | €4,131 | +€3,758 | +1,006% |
| Total equity and liabilities | 10/49 | €27,814 | €37,134 | +€9,319 | +33.5% |
| Equity | 10/15 | €25,844 | €33,228 | +€7,384 | +28.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,844 | €30,228 | +€7,384 | +32.3% |
| Distributable reserves | 133 | €22,844 | €30,228 | +€7,384 | +32.3% |
| Amounts payable | 17/49 | €1,971 | €3,906 | +€1,935 | +98.2% |
| Amounts payable within one year | 42/48 | €1,606 | €3,200 | +€1,594 | +99.2% |
| Financial debts | 43 | - | €2,086 | +€2,086 | |
| Credit institutions | 430/8 | - | €2,086 | +€2,086 | |
| Trade debts | 44 | €766 | €274 | -€492 | -64.2% |
| Suppliers | 440/4 | €766 | €274 | -€492 | -64.2% |
| Taxes, remuneration and social security | 45 | €841 | €841 | = | 0.0% |
| Taxes | 450/3 | - | €841 | +€841 | |
| Remuneration and social security | 454/9 | €841 | - | -€841 | |
| Accrued charges and deferred income | 492/3 | €364 | €706 | +€341 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34 | €578 | +€544 | +1,602% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €28,825 | €9,826 | -€18,999 | -65.9% |
| Operating profit (loss) | 9901 | €28,729 | €9,186 | -€19,543 | -68.0% |
| Financial income | 75/76B | €8 | €166 | +€158 | +2,107% |
| Recurring financial income | 75 | €8 | €46 | +€38 | +512% |
| Non-recurring financial income | 76B | - | €120 | +€120 | |
| Financial charges | 65/66B | €52 | €146 | +€93 | +179% |
| Recurring financial charges | 65 | €52 | €146 | +€93 | +179% |
| Profit (loss) for the period before taxes | 9903 | €28,684 | €9,206 | -€19,478 | -67.9% |
| Income taxes | 67/77 | €5,841 | €1,822 | -€4,018 | -68.8% |
| Profit (loss) for the period | 9904 | €22,844 | €7,384 | -€15,460 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,844 | €7,384 | -€15,460 | -67.7% |
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 29 October 2026 via checked.be.