AR - TECH: 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 - TECH
Largest movements
- Receivables within one year +€334,466
up €334,466 (+1104.6%), from €30,279 to €364,745
of which Other amounts receivable: +€294,717
- Cash +€199,018
up €199,018 (+509.6%), from €39,054 to €238,072
mainly Net result for the year (+€249,909) and Investment in fixed assets (net) (+€174,083)
- Tangible fixed assets -€177,422
down €177,422 (-74.6%), from €237,859 to €60,437
of which Land and buildings: -€179,356
- Profit (loss) carried forward +€209,909
up €209,909 (+78.1%), from €268,708 to €478,617
- Tax, wage and social debts +€93,443
up €93,443 (+757.9%), from €12,330 to €105,773
- Trade debts +€38,990
up €38,990 (+2911.9%), from €1,339 to €40,329
- Other debts +€13,720
up €13,720 (+96.1%), from €14,280 to €28,000
- Gross operating margin +€290,510
up €290,510 (+484.0%), from €60,028 to €350,538
- Taxes +€81,703
up €81,703 (+662.6%), from €12,330 to €94,033
- Depreciation -€10,725
down €10,725 (-76.3%), from €14,064 to €3,339
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 | €307,192 | €663,254 | +€356,062 | +115.9% |
| Fixed assets | 21/28 | €237,859 | €60,437 | -€177,422 | -74.6% |
| Tangible fixed assets | 22/27 | €237,859 | €60,437 | -€177,422 | -74.6% |
| Land and buildings | 22 | €235,398 | €56,042 | -€179,356 | -76.2% |
| Furniture and vehicles | 24 | €2,461 | €4,395 | +€1,934 | +78.6% |
| Current assets | 29/58 | €69,333 | €602,817 | +€533,484 | +769.5% |
| Amounts receivable within one year | 40/41 | €30,279 | €364,745 | +€334,466 | +1104.6% |
| Trade receivables | 40 | €2,268 | €42,017 | +€39,749 | +1752.6% |
| Other amounts receivable | 41 | €28,011 | €322,728 | +€294,717 | +1052.1% |
| Cash at bank and in hand | 54/58 | €39,054 | €238,072 | +€199,018 | +509.6% |
| Total equity and liabilities | 10/49 | €307,192 | €663,254 | +€356,062 | +115.9% |
| Equity | 10/15 | €279,243 | €489,152 | +€209,909 | +75.2% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,708 | €478,617 | +€209,909 | +78.1% |
| Amounts payable | 17/49 | €27,949 | €174,102 | +€146,153 | +522.9% |
| Amounts payable within one year | 42/48 | €27,949 | €174,102 | +€146,153 | +522.9% |
| Trade debts | 44 | €1,339 | €40,329 | +€38,990 | +2911.9% |
| Suppliers | 440/4 | €1,339 | €40,329 | +€38,990 | +2911.9% |
| Taxes, remuneration and social security | 45 | €12,330 | €105,773 | +€93,443 | +757.9% |
| Taxes | 450/3 | €12,330 | €105,773 | +€93,443 | +757.9% |
| Other amounts payable | 47/48 | €14,280 | €28,000 | +€13,720 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,064 | €3,339 | -€10,725 | -76.3% |
| Other operating charges | 640/8 | €4,468 | €2,907 | -€1,561 | -34.9% |
| Gross operating margin | 9900 | €60,028 | €350,538 | +€290,510 | +484.0% |
| Operating profit (loss) | 9901 | €41,496 | €344,292 | +€302,796 | +729.7% |
| Financial charges | 65/66B | €255 | €350 | +€95 | +37.3% |
| Recurring financial charges | 65 | €255 | €350 | +€95 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €41,241 | €343,942 | +€302,701 | +734.0% |
| Income taxes | 67/77 | €12,330 | €94,033 | +€81,703 | +662.6% |
| Profit (loss) for the period | 9904 | €28,911 | €249,909 | +€220,998 | +764.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,911 | €249,909 | +€220,998 | +764.4% |
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 7 October 2026 via checked.be.