AR Conseils: 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 Conseils
Largest movements
- Cash -€41,595
down €41,595 (-49.4%), from €84,263 to €42,668
mainly Contributions, distributions and other (-€108,417) and Investment in fixed assets (net) (-€38,846)
- Tangible fixed assets +€30,613
up €30,613 (+2202.3%), from €1,390 to €32,003
of which Furniture and vehicles: +€30,956
- Receivables within one year -€7,750
down €7,750 (-18.6%), from €41,575 to €33,825
of which Trade receivables: -€6,268
- Deferred charges and accrued income +€2,747
up €2,747 (+359.2%), from €765 to €3,512
- Reserves -€100,923
down €100,923 (-93.1%), from €108,417 to €7,493
- Other debts +€79,897
up €79,897 (+831.4%), from €9,610 to €89,507
- Trade debts +€3,998
up €3,998 (+3007.5%), from €133 to €4,131
- Depreciation +€7,477
up €7,477 (+988.4%), from €756 to €8,233
- Financial charges +€4,356
up €4,356 (+822.1%), from €530 to €4,886
- Gross operating margin -€4,282
down €4,282 (-14.5%), from €29,555 to €25,273
- Taxes -€2,576
down €2,576 (-37.6%), from €6,860 to €4,283
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 | €127,993 | €112,008 | -€15,985 | -12.5% |
| Fixed assets | 21/28 | €1,390 | €32,003 | +€30,613 | +2202.3% |
| Tangible fixed assets | 22/27 | €1,390 | €32,003 | +€30,613 | +2202.3% |
| Furniture and vehicles | 24 | €704 | €31,660 | +€30,956 | +4399.5% |
| Other tangible fixed assets | 26 | €686 | €343 | -€343 | -50.0% |
| Current assets | 29/58 | €126,603 | €80,005 | -€46,598 | -36.8% |
| Amounts receivable within one year | 40/41 | €41,575 | €33,825 | -€7,750 | -18.6% |
| Trade receivables | 40 | €33,235 | €26,968 | -€6,268 | -18.9% |
| Other amounts receivable | 41 | €8,340 | €6,857 | -€1,483 | -17.8% |
| Cash at bank and in hand | 54/58 | €84,263 | €42,668 | -€41,595 | -49.4% |
| Deferred charges and accrued income | 490/1 | €765 | €3,512 | +€2,747 | +359.2% |
| Total equity and liabilities | 10/49 | €127,993 | €112,008 | -€15,985 | -12.5% |
| Equity | 10/15 | €110,417 | €9,493 | -€100,923 | -91.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €108,417 | €7,493 | -€100,923 | -93.1% |
| Distributable reserves | 133 | €108,417 | €7,493 | -€100,923 | -93.1% |
| Amounts payable | 17/49 | €17,576 | €102,514 | +€84,938 | +483.3% |
| Amounts payable within one year | 42/48 | €17,576 | €102,514 | +€84,938 | +483.3% |
| Trade debts | 44 | €133 | €4,131 | +€3,998 | +3007.5% |
| Suppliers | 440/4 | €133 | €4,131 | +€3,998 | +3007.5% |
| Taxes, remuneration and social security | 45 | €7,833 | €8,877 | +€1,044 | +13.3% |
| Taxes | 450/3 | €7,833 | €8,877 | +€1,044 | +13.3% |
| Other amounts payable | 47/48 | €9,610 | €89,507 | +€79,897 | +831.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €8,233 | +€7,477 | +988.4% |
| Other operating charges | 640/8 | €387 | €662 | +€274 | +70.8% |
| Gross operating margin | 9900 | €29,555 | €25,273 | -€4,282 | -14.5% |
| Operating profit (loss) | 9901 | €28,411 | €16,378 | -€12,033 | -42.4% |
| Financial income | 75/76B | €28 | €284 | +€257 | +931.4% |
| Recurring financial income | 75 | €28 | €284 | +€257 | +931.4% |
| Financial charges | 65/66B | €530 | €4,886 | +€4,356 | +822.1% |
| Recurring financial charges | 65 | €530 | €4,886 | +€4,356 | +822.1% |
| Profit (loss) for the period before taxes | 9903 | €27,909 | €11,777 | -€16,132 | -57.8% |
| Income taxes | 67/77 | €6,860 | €4,283 | -€2,576 | -37.6% |
| Profit (loss) for the period | 9904 | €21,049 | €7,493 | -€13,556 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,049 | €7,493 | -€13,556 | -64.4% |
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 4 October 2026 via checked.be.