AR CONCEPT: 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 CONCEPT
Largest movements
- Cash -€15,876
down €15,876 (-28.9%), from €54,844 to €38,968
mainly Net result for the year (-€38,812) and Investment in fixed assets (net) (-€23,955)
- Receivables within one year -€8,330
down €8,330 (-21.7%), from €38,417 to €30,088
of which Other amounts receivable: -€14,979
- Tangible fixed assets -€3,421
down €3,421 (-3.2%), from €108,396 to €104,975
of which Furniture and vehicles: -€6,409
- Profit (loss) carried forward -€38,812
down €38,812 (-33.6%), from €115,526 to €76,714
- Trade debts +€6,546
up €6,546 (+54.1%), from €12,109 to €18,655
- Current portion of long-term debt +€4,779
up €4,779 (+33.2%), from €14,389 to €19,168
- Turnover -€55,608
down €55,608 (-19.7%), from €281,877 to €226,270
- Gross operating margin -€54,685
down €54,685 (-91.0%), from €60,108 to €5,423
- Other operating charges -€25,126
no longer reported in 2025 (was €25,126)
- Depreciation +€14,028
up €14,028 (+105.1%), from €13,347 to €27,376
- Taxes -€8,786
down €8,786 (-59.5%), from €14,763 to €5,977
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 | €203,809 | €175,648 | -€28,160 | -13.8% |
| Fixed assets | 21/28 | €108,396 | €104,975 | -€3,421 | -3.2% |
| Tangible fixed assets | 22/27 | €108,396 | €104,975 | -€3,421 | -3.2% |
| Plant, machinery and equipment | 23 | - | €2,989 | +€2,989 | |
| Furniture and vehicles | 24 | €108,396 | €101,987 | -€6,409 | -5.9% |
| Current assets | 29/58 | €95,413 | €70,673 | -€24,740 | -25.9% |
| Amounts receivable within one year | 40/41 | €38,417 | €30,088 | -€8,330 | -21.7% |
| Trade receivables | 40 | €18,799 | €25,449 | +€6,650 | +35.4% |
| Other amounts receivable | 41 | €19,618 | €4,639 | -€14,979 | -76.4% |
| Cash at bank and in hand | 54/58 | €54,844 | €38,968 | -€15,876 | -28.9% |
| Deferred charges and accrued income | 490/1 | €2,151 | €1,617 | -€534 | -24.8% |
| Total equity and liabilities | 10/49 | €203,809 | €175,648 | -€28,160 | -13.8% |
| Equity | 10/15 | €123,586 | €84,774 | -€38,812 | -31.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,526 | €76,714 | -€38,812 | -33.6% |
| Amounts payable | 17/49 | €80,222 | €90,874 | +€10,652 | +13.3% |
| Amounts payable after more than one year | 17 | €44,237 | €43,900 | -€336 | -0.8% |
| Financial debts | 170/4 | €44,237 | €43,900 | -€336 | -0.8% |
| Amounts payable within one year | 42/48 | €35,986 | €46,974 | +€10,988 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €14,389 | €19,168 | +€4,779 | +33.2% |
| Financial debts | 43 | - | €110 | +€110 | |
| Credit institutions | 430/8 | - | €110 | +€110 | |
| Trade debts | 44 | €12,109 | €18,655 | +€6,546 | +54.1% |
| Suppliers | 440/4 | €12,109 | €18,655 | +€6,546 | +54.1% |
| Taxes, remuneration and social security | 45 | €9,488 | €9,041 | -€447 | -4.7% |
| Taxes | 450/3 | €4,988 | €5,241 | +€253 | +5.1% |
| Remuneration and social security | 454/9 | €4,500 | €3,800 | -€700 | -15.6% |
| Turnover | 70 | €281,877 | €226,270 | -€55,608 | -19.7% |
| Non-recurring operating income | 76A | €4,200 | €4,770 | +€570 | +13.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,969 | €225,616 | -€353 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,347 | €27,376 | +€14,028 | +105.1% |
| Other operating charges | 640/8 | €25,126 | - | -€25,126 | |
| Non-recurring operating charges | 66A | - | €9,200 | +€9,200 | |
| Gross operating margin | 9900 | €60,108 | €5,423 | -€54,685 | -91.0% |
| Operating profit (loss) | 9901 | €21,635 | -€31,152 | -€52,787 | |
| Financial income | 75/76B | €3,712 | €1,206 | -€2,506 | -67.5% |
| Recurring financial income | 75 | €3,712 | €1,206 | -€2,506 | -67.5% |
| Financial charges | 65/66B | €2,258 | €2,889 | +€631 | +27.9% |
| Recurring financial charges | 65 | €2,258 | €2,889 | +€631 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €23,088 | -€32,835 | -€55,923 | |
| Income taxes | 67/77 | €14,763 | €5,977 | -€8,786 | -59.5% |
| Profit (loss) for the period | 9904 | €8,325 | -€38,812 | -€47,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,325 | -€38,812 | -€47,137 |
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 12 October 2026 via checked.be.