AR ELECTRO: 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 ELECTRO
Largest movements
- Tangible fixed assets -€15,014
down €15,014 (-35.5%), from €42,336 to €27,323
of which Furniture and vehicles: -€14,790
- Receivables within one year -€10,401
down €10,401 (-55.7%), from €18,680 to €8,279
of which Other amounts receivable: -€9,906
- Cash +€5,424
up €5,424 (+31.2%), from €17,382 to €22,806
mainly Depreciation (+€15,896) and Receivables within one year (+€10,401)
- Stocks and contracts -€2,989
down €2,989 (-32.2%), from €9,289 to €6,300
of which Stocks: -€3,389
- Trade debts -€11,496
down €11,496 (-93.3%), from €12,328 to €832
- Debts after one year -€11,440
down €11,440 (-52.1%), from €21,973 to €10,533
- Current portion of long-term debt -€3,753
down €3,753 (-24.7%), from €15,193 to €11,440
- Profit (loss) carried forward +€3,465
up €3,465 (+14.5%), from €23,935 to €27,400
- Accrued charges and deferred income +€2,183
up €2,183, from €0 to €2,183
- Gross operating margin -€9,572
down €9,572 (-28.1%), from €34,028 to €24,456
- Taxes -€2,418
down €2,418 (-63.9%), from €3,782 to €1,364
- Depreciation +€2,414
up €2,414 (+17.9%), from €13,482 to €15,896
- Financial charges -€397
down €397 (-23.1%), from €1,721 to €1,324
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 | €89,151 | €66,152 | -€22,999 | -25.8% |
| Fixed assets | 21/28 | €42,336 | €27,323 | -€15,014 | -35.5% |
| Tangible fixed assets | 22/27 | €42,336 | €27,323 | -€15,014 | -35.5% |
| Plant, machinery and equipment | 23 | €2,835 | €2,611 | -€224 | -7.9% |
| Furniture and vehicles | 24 | €39,501 | €24,711 | -€14,790 | -37.4% |
| Current assets | 29/58 | €46,814 | €38,829 | -€7,985 | -17.1% |
| Stocks and contracts in progress | 3 | €9,289 | €6,300 | -€2,989 | -32.2% |
| Stocks | 30/36 | €6,889 | €3,500 | -€3,389 | -49.2% |
| Contracts in progress | 37 | €2,400 | €2,800 | +€400 | +16.7% |
| Amounts receivable within one year | 40/41 | €18,680 | €8,279 | -€10,401 | -55.7% |
| Trade receivables | 40 | €3,187 | €2,692 | -€495 | -15.5% |
| Other amounts receivable | 41 | €15,493 | €5,587 | -€9,906 | -63.9% |
| Cash at bank and in hand | 54/58 | €17,382 | €22,806 | +€5,424 | +31.2% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,445 | -€19 | -1.3% |
| Total equity and liabilities | 10/49 | €89,151 | €66,152 | -€22,999 | -25.8% |
| Equity | 10/15 | €35,585 | €39,050 | +€3,465 | +9.7% |
| Contributions | 10/11 | €11,650 | €11,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,935 | €27,400 | +€3,465 | +14.5% |
| Amounts payable | 17/49 | €53,566 | €27,102 | -€26,464 | -49.4% |
| Amounts payable after more than one year | 17 | €21,973 | €10,533 | -€11,440 | -52.1% |
| Financial debts | 170/4 | €21,973 | €10,533 | -€11,440 | -52.1% |
| Amounts payable within one year | 42/48 | €31,593 | €14,386 | -€17,207 | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €15,193 | €11,440 | -€3,753 | -24.7% |
| Trade debts | 44 | €12,328 | €832 | -€11,496 | -93.3% |
| Suppliers | 440/4 | €12,328 | €832 | -€11,496 | -93.3% |
| Taxes, remuneration and social security | 45 | €1,411 | €1,407 | -€4 | -0.3% |
| Taxes | 450/3 | €1,411 | €1,407 | -€4 | -0.3% |
| Other amounts payable | 47/48 | €2,662 | €708 | -€1,954 | -73.4% |
| Accrued charges and deferred income | 492/3 | €0 | €2,183 | +€2,183 | |
| Remuneration, social security and pensions | 62 | €214 | €221 | +€8 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,482 | €15,896 | +€2,414 | +17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,220 | €1,405 | +€185 | +15.1% |
| Gross operating margin | 9900 | €34,028 | €24,456 | -€9,572 | -28.1% |
| Operating profit (loss) | 9901 | €19,112 | €6,934 | -€12,178 | -63.7% |
| Financial income | 75/76B | €15 | €52 | +€37 | +239% |
| Recurring financial income | 75 | €15 | €52 | +€37 | +239% |
| Financial charges | 65/66B | €1,721 | €1,324 | -€397 | -23.1% |
| Recurring financial charges | 65 | €1,721 | €1,324 | -€397 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €17,406 | €5,662 | -€11,745 | -67.5% |
| Income taxes | 67/77 | €3,782 | €1,364 | -€2,418 | -63.9% |
| Profit (loss) for the period | 9904 | €13,625 | €4,298 | -€9,326 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,625 | €4,298 | -€9,326 | -68.5% |
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 14 October 2026 via checked.be.