AR TECH GROUP: 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 TECH GROUP
Largest movements
- Tangible fixed assets +€22,532
up €22,532 (+79.4%), from €28,382 to €50,914
of which Furniture and vehicles: +€22,793
- Receivables within one year +€17,494
up €17,494 (+76.2%), from €22,949 to €40,443
of which Trade receivables: +€26,208
- Cash -€2,080
down €2,080 (-27.4%), from €7,588 to €5,509
mainly Investment in fixed assets (net) (-€33,000) and Receivables within one year (-€17,494)
- Debts after one year +€18,070
up €18,070 (+72.3%), from €25,000 to €43,070
- Trade debts +€8,998
up €8,998 (+350.9%), from €2,564 to €11,562
- Current portion of long-term debt +€6,497
up €6,497 (+110.3%), from €5,892 to €12,389
- Profit (loss) carried forward +€2,990
up €2,990 (+12.4%), from €24,037 to €27,027
- Tax, wage and social debts +€2,136
up €2,136 (+41.6%), from €5,140 to €7,277
of which Remuneration and social security: +€1,602
- Gross operating margin -€11,973
down €11,973 (-42.2%), from €28,390 to €16,417
- Depreciation +€8,116
up €8,116 (+345.1%), from €2,352 to €10,468
- Taxes -€4,306
down €4,306 (-83.8%), from €5,140 to €834
- Financial charges +€1,806
up €1,806 (+542.5%), from €333 to €2,138
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 | €63,133 | €101,824 | +€38,691 | +61.3% |
| Fixed assets | 21/28 | €30,632 | €53,164 | +€22,532 | +73.6% |
| Tangible fixed assets | 22/27 | €28,382 | €50,914 | +€22,532 | +79.4% |
| Plant, machinery and equipment | 23 | €1,046 | €785 | -€261 | -24.9% |
| Furniture and vehicles | 24 | €27,336 | €50,129 | +€22,793 | +83.4% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €32,501 | €48,660 | +€16,159 | +49.7% |
| Amounts receivable within one year | 40/41 | €22,949 | €40,443 | +€17,494 | +76.2% |
| Trade receivables | 40 | €12,465 | €38,673 | +€26,208 | +210.2% |
| Other amounts receivable | 41 | €10,484 | €1,770 | -€8,714 | -83.1% |
| Cash at bank and in hand | 54/58 | €7,588 | €5,509 | -€2,080 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,964 | €2,709 | +€745 | +37.9% |
| Total equity and liabilities | 10/49 | €63,133 | €101,824 | +€38,691 | +61.3% |
| Equity | 10/15 | €24,537 | €27,527 | +€2,990 | +12.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,037 | €27,027 | +€2,990 | +12.4% |
| Amounts payable | 17/49 | €38,596 | €74,298 | +€35,702 | +92.5% |
| Amounts payable after more than one year | 17 | €25,000 | €43,070 | +€18,070 | +72.3% |
| Financial debts | 170/4 | €25,000 | €43,070 | +€18,070 | +72.3% |
| Amounts payable within one year | 42/48 | €13,597 | €31,228 | +€17,631 | +129.7% |
| Current portion of amounts payable after more than one year | 42 | €5,892 | €12,389 | +€6,497 | +110.3% |
| Trade debts | 44 | €2,564 | €11,562 | +€8,998 | +350.9% |
| Suppliers | 440/4 | €2,564 | €11,562 | +€8,998 | +350.9% |
| Taxes, remuneration and social security | 45 | €5,140 | €7,277 | +€2,136 | +41.6% |
| Taxes | 450/3 | €5,140 | €5,674 | +€534 | +10.4% |
| Remuneration and social security | 454/9 | - | €1,602 | +€1,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,352 | €10,468 | +€8,116 | +345.1% |
| Other operating charges | 640/8 | €186 | €189 | +€4 | +2.0% |
| Gross operating margin | 9900 | €28,390 | €16,417 | -€11,973 | -42.2% |
| Operating profit (loss) | 9901 | €25,852 | €5,760 | -€20,092 | -77.7% |
| Financial income | 75/76B | €286 | €203 | -€83 | -29.1% |
| Recurring financial income | 75 | €286 | €203 | -€83 | -29.1% |
| Financial charges | 65/66B | €333 | €2,138 | +€1,806 | +542.5% |
| Recurring financial charges | 65 | €333 | €2,138 | +€1,806 | +542.5% |
| Profit (loss) for the period before taxes | 9903 | €25,805 | €3,824 | -€21,981 | -85.2% |
| Income taxes | 67/77 | €5,140 | €834 | -€4,306 | -83.8% |
| Profit (loss) for the period | 9904 | €20,665 | €2,990 | -€17,675 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,665 | €2,990 | -€17,675 | -85.5% |
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 9 October 2026 via checked.be.