AR-Concept: 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-Concept
Largest movements
- Cash +€30,561
up €30,561 (+36.6%), from €83,583 to €114,144
mainly Net result for the year (+€50,929) and Depreciation (+€14,882)
- Receivables within one year +€29,300
up €29,300 (+121.9%), from €24,041 to €53,341
of which Trade receivables: +€30,652
- Reserves +€50,929
up €50,929 (+40.6%), from €125,516 to €176,445
- Trade debts +€5,859
up €5,859 (+200.6%), from €2,922 to €8,781
- Debts after one year -€4,446
down €4,446 (-100.0%), from €4,446 to €0
- Accrued charges and deferred income +€4,434
up €4,434 (+91.6%), from €4,840 to €9,273
- Tax, wage and social debts +€2,535
up €2,535 (+23.4%), from €10,852 to €13,388
- Gross operating margin +€25,526
up €25,526 (+40.3%), from €63,363 to €88,889
- Taxes +€12,135
up €12,135 (+155.4%), from €7,810 to €19,945
- Financial charges +€2,574
up €2,574 (+194.3%), from €1,325 to €3,899
- Write-downs -€1,178
down €1,178 (-100.0%), from €1,178 to €0
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
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 | €158,804 | €218,701 | +€59,897 | +37.7% |
| Fixed assets | 21/28 | €33,591 | €35,758 | +€2,168 | +6.5% |
| Tangible fixed assets | 22/27 | €33,041 | €35,208 | +€2,168 | +6.6% |
| Plant, machinery and equipment | 23 | €7,363 | €11,825 | +€4,462 | +60.6% |
| Furniture and vehicles | 24 | €16,569 | €15,548 | -€1,021 | -6.2% |
| Other tangible fixed assets | 26 | €9,108 | €7,835 | -€1,273 | -14.0% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €125,213 | €182,942 | +€57,729 | +46.1% |
| Amounts receivable within one year | 40/41 | €24,041 | €53,341 | +€29,300 | +121.9% |
| Trade receivables | 40 | €17,694 | €48,345 | +€30,652 | +173.2% |
| Other amounts receivable | 41 | €6,348 | €4,996 | -€1,352 | -21.3% |
| Cash at bank and in hand | 54/58 | €83,583 | €114,144 | +€30,561 | +36.6% |
| Deferred charges and accrued income | 490/1 | €17,589 | €15,457 | -€2,131 | -12.1% |
| Total equity and liabilities | 10/49 | €158,804 | €218,701 | +€59,897 | +37.7% |
| Equity | 10/15 | €130,516 | €181,445 | +€50,929 | +39.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €125,516 | €176,445 | +€50,929 | +40.6% |
| Distributable reserves | 133 | €125,516 | €176,445 | +€50,929 | +40.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €28,288 | €37,256 | +€8,968 | +31.7% |
| Amounts payable after more than one year | 17 | €4,446 | €0 | -€4,446 | -100.0% |
| Financial debts | 170/4 | €4,446 | €0 | -€4,446 | -100.0% |
| Amounts payable within one year | 42/48 | €19,002 | €27,983 | +€8,980 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €4,778 | €4,446 | -€333 | -7.0% |
| Trade debts | 44 | €2,922 | €8,781 | +€5,859 | +200.6% |
| Suppliers | 440/4 | €2,922 | €8,781 | +€5,859 | +200.6% |
| Taxes, remuneration and social security | 45 | €10,852 | €13,388 | +€2,535 | +23.4% |
| Taxes | 450/3 | €10,852 | €13,388 | +€2,535 | +23.4% |
| Other amounts payable | 47/48 | €450 | €1,368 | +€918 | +204.0% |
| Accrued charges and deferred income | 492/3 | €4,840 | €9,273 | +€4,434 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,519 | €14,882 | +€363 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,178 | €0 | -€1,178 | -100.0% |
| Other operating charges | 640/8 | €1,153 | €1,308 | +€155 | +13.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €63,363 | €88,889 | +€25,526 | +40.3% |
| Operating profit (loss) | 9901 | €46,513 | €72,699 | +€26,185 | +56.3% |
| Financial income | 75/76B | €1,901 | €2,075 | +€173 | +9.1% |
| Recurring financial income | 75 | €1,901 | €2,075 | +€173 | +9.1% |
| Financial charges | 65/66B | €1,325 | €3,899 | +€2,574 | +194.3% |
| Recurring financial charges | 65 | €1,325 | €3,899 | +€2,574 | +194.3% |
| Profit (loss) for the period before taxes | 9903 | €47,090 | €70,874 | +€23,785 | +50.5% |
| Income taxes | 67/77 | €7,810 | €19,945 | +€12,135 | +155.4% |
| Profit (loss) for the period | 9904 | €39,280 | €50,929 | +€11,649 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,280 | €50,929 | +€11,649 | +29.7% |
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 8 October 2026 via checked.be.