AR CORPO: 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 CORPO
Largest movements
- Receivables within one year +€9,534
up €9,534 (+74.8%), from €12,750 to €22,284
of which Trade receivables: +€7,952
- Cash -€4,723
down €4,723 (-30.7%), from €15,380 to €10,656
mainly Trade debts (-€19,556) and Receivables within one year (-€9,534)
- Tangible fixed assets -€2,618
down €2,618 (-26.7%), from €9,817 to €7,199
- Trade debts -€19,556
down €19,556 (-96.9%), from €20,190 to €634
- Profit (loss) carried forward +€13,391
up €13,391 (+172%), from €7,766 to €21,156
- Tax, wage and social debts +€7,067
up €7,067 (+92.4%), from €7,647 to €14,714
of which Remuneration and social security: +€4,200
- Other debts +€1,543
up €1,543 (+96.6%), from €1,598 to €3,141
- Gross operating margin +€7,435
up €7,435 (+60.9%), from €12,202 to €19,637
- Depreciation +€1,935
up €1,935 (+283%), from €683 to €2,618
- Taxes +€981
up €981 (+52.0%), from €1,887 to €2,867
- Other operating charges +€491
up €491 (+246%), from €200 to €691
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 | €38,201 | €40,645 | +€2,445 | +6.4% |
| Fixed assets | 21/28 | €9,817 | €7,199 | -€2,618 | -26.7% |
| Tangible fixed assets | 22/27 | €9,817 | €7,199 | -€2,618 | -26.7% |
| Furniture and vehicles | 24 | €9,817 | €7,199 | -€2,618 | -26.7% |
| Current assets | 29/58 | €28,384 | €33,447 | +€5,063 | +17.8% |
| Amounts receivable within one year | 40/41 | €12,750 | €22,284 | +€9,534 | +74.8% |
| Trade receivables | 40 | €12,328 | €20,280 | +€7,952 | +64.5% |
| Other amounts receivable | 41 | €422 | €2,004 | +€1,582 | +375% |
| Cash at bank and in hand | 54/58 | €15,380 | €10,656 | -€4,723 | -30.7% |
| Deferred charges and accrued income | 490/1 | €254 | €506 | +€252 | +99.1% |
| Total equity and liabilities | 10/49 | €38,201 | €40,645 | +€2,445 | +6.4% |
| Equity | 10/15 | €8,766 | €22,156 | +€13,391 | +153% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,766 | €21,156 | +€13,391 | +172% |
| Amounts payable | 17/49 | €29,435 | €18,489 | -€10,946 | -37.2% |
| Amounts payable within one year | 42/48 | €29,435 | €18,489 | -€10,946 | -37.2% |
| Trade debts | 44 | €20,190 | €634 | -€19,556 | -96.9% |
| Suppliers | 440/4 | €20,190 | €634 | -€19,556 | -96.9% |
| Taxes, remuneration and social security | 45 | €7,647 | €14,714 | +€7,067 | +92.4% |
| Taxes | 450/3 | €1,887 | €4,754 | +€2,867 | +152% |
| Remuneration and social security | 454/9 | €5,761 | €9,961 | +€4,200 | +72.9% |
| Other amounts payable | 47/48 | €1,598 | €3,141 | +€1,543 | +96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €2,618 | +€1,935 | +283% |
| Other operating charges | 640/8 | €200 | €691 | +€491 | +246% |
| Gross operating margin | 9900 | €12,202 | €19,637 | +€7,435 | +60.9% |
| Operating profit (loss) | 9901 | €11,319 | €16,328 | +€5,009 | +44.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €73 | €70 | -€3 | -3.8% |
| Recurring financial charges | 65 | €73 | €70 | -€3 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €11,246 | €16,258 | +€5,012 | +44.6% |
| Income taxes | 67/77 | €1,887 | €2,867 | +€981 | +52.0% |
| Profit (loss) for the period | 9904 | €9,359 | €13,391 | +€4,032 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,359 | €13,391 | +€4,032 | +43.1% |
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 16 October 2026 via checked.be.