AR INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Cash +€69,579
up €69,579 (+67.2%), from €103,493 to €173,072
mainly Net result for the year (+€66,978) and Current portion of long-term debt (+€16,488)
- Receivables within one year +€12,994
up €12,994 (+503%), from €2,582 to €15,577
of which Other amounts receivable: +€10,878
- Tangible fixed assets +€4,306
new in 2025: €4,306
- Profit (loss) carried forward +€66,978
up €66,978 (+168%), from €39,983 to €106,961
- Other debts -€22,889
down €22,889 (-82.0%), from €27,904 to €5,015
- Current portion of long-term debt +€16,488
new in 2025: €16,488
- Tax, wage and social debts +€16,112
up €16,112 (+68.9%), from €23,399 to €39,511
- Debts after one year +€8,512
new in 2025: €8,512
- Gross operating margin +€28,978
up €28,978 (+49.0%), from €59,150 to €88,127
- Taxes +€7,315
up €7,315 (+71.9%), from €10,173 to €17,488
- Financial charges +€2,625
up €2,625 (+667%), from €393 to €3,018
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 | €106,180 | €194,305 | +€88,126 | +83.0% |
| Fixed assets | 21/28 | €104 | €4,411 | +€4,306 | +4,124% |
| Tangible fixed assets | 22/27 | - | €4,306 | +€4,306 | |
| Furniture and vehicles | 24 | - | €4,306 | +€4,306 | |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €106,075 | €189,895 | +€83,819 | +79.0% |
| Amounts receivable within one year | 40/41 | €2,582 | €15,577 | +€12,994 | +503% |
| Trade receivables | 40 | €2,582 | €4,699 | +€2,117 | +82.0% |
| Other amounts receivable | 41 | - | €10,878 | +€10,878 | |
| Cash at bank and in hand | 54/58 | €103,493 | €173,072 | +€69,579 | +67.2% |
| Deferred charges and accrued income | 490/1 | - | €1,246 | +€1,246 | |
| Total equity and liabilities | 10/49 | €106,180 | €194,305 | +€88,126 | +83.0% |
| Equity | 10/15 | €49,983 | €116,961 | +€66,978 | +134% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,983 | €106,961 | +€66,978 | +168% |
| Amounts payable | 17/49 | €56,197 | €77,345 | +€21,148 | +37.6% |
| Amounts payable after more than one year | 17 | - | €8,512 | +€8,512 | |
| Financial debts | 170/4 | - | €8,512 | +€8,512 | |
| Amounts payable within one year | 42/48 | €56,197 | €68,832 | +€12,636 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,488 | +€16,488 | |
| Trade debts | 44 | €4,894 | €7,819 | +€2,925 | +59.8% |
| Suppliers | 440/4 | €4,894 | €7,819 | +€2,925 | +59.8% |
| Taxes, remuneration and social security | 45 | €23,399 | €39,511 | +€16,112 | +68.9% |
| Taxes | 450/3 | €23,399 | €39,511 | +€16,112 | +68.9% |
| Other amounts payable | 47/48 | €27,904 | €5,015 | -€22,889 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €475 | +€475 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €59,150 | €88,127 | +€28,978 | +49.0% |
| Operating profit (loss) | 9901 | €59,150 | €87,253 | +€28,103 | +47.5% |
| Financial income | 75/76B | €2 | €231 | +€229 | +11,103% |
| Recurring financial income | 75 | €2 | €231 | +€229 | +11,103% |
| Financial charges | 65/66B | €393 | €3,018 | +€2,625 | +667% |
| Recurring financial charges | 65 | €393 | €3,018 | +€2,625 | +667% |
| Profit (loss) for the period before taxes | 9903 | €58,758 | €84,465 | +€25,707 | +43.8% |
| Income taxes | 67/77 | €10,173 | €17,488 | +€7,315 | +71.9% |
| Profit (loss) for the period | 9904 | €48,586 | €66,978 | +€18,392 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,586 | €66,978 | +€18,392 | +37.9% |
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 22 October 2026 via checked.be.