AR2M SERVICES: 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.
AR2M SERVICES
Largest movements
- Receivables within one year +€11,278
up €11,278 (+2,302%), from €490 to €11,767
- Cash -€10,616
down €10,616 (-81.6%), from €13,004 to €2,388
mainly Receivables within one year (-€11,278) and Net result for the year (-€2,209)
- Tangible fixed assets +€719
up €719 (+33.1%), from €2,173 to €2,892
of which Furniture and vehicles: +€936
- Tax, wage and social debts +€2,766
up €2,766 (+50.4%), from €5,489 to €8,255
of which Taxes: +€2,558
- Profit (loss) carried forward -€2,209
down €2,209 (-84.5%), from €2,613 to €404
- Trade debts +€824
up €824 (+31.4%), from €2,621 to €3,445
- Gross operating margin -€5,824
down €5,824, from €5,630 to -€195
- Depreciation -€1,264
down €1,264 (-55.8%), from €2,266 to €1,002
- Other operating charges +€833
new in 2025: €833
- Taxes -€653
no longer reported in 2025 (was €653)
- Financial charges +€82
up €82 (+84.3%), from €98 to €180
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 | €15,723 | €17,104 | +€1,381 | +8.8% |
| Fixed assets | 21/28 | €2,229 | €2,949 | +€719 | +32.3% |
| Tangible fixed assets | 22/27 | €2,173 | €2,892 | +€719 | +33.1% |
| Plant, machinery and equipment | 23 | €541 | €324 | -€217 | -40.1% |
| Furniture and vehicles | 24 | €1,631 | €2,568 | +€936 | +57.4% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €13,494 | €14,155 | +€661 | +4.9% |
| Amounts receivable within one year | 40/41 | €490 | €11,767 | +€11,278 | +2,302% |
| Trade receivables | 40 | €490 | €11,767 | +€11,278 | +2,302% |
| Cash at bank and in hand | 54/58 | €13,004 | €2,388 | -€10,616 | -81.6% |
| Total equity and liabilities | 10/49 | €15,723 | €17,104 | +€1,381 | +8.8% |
| Equity | 10/15 | €7,613 | €5,404 | -€2,209 | -29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,613 | €404 | -€2,209 | -84.5% |
| Amounts payable | 17/49 | €8,110 | €11,699 | +€3,589 | +44.3% |
| Amounts payable within one year | 42/48 | €8,110 | €11,699 | +€3,589 | +44.3% |
| Trade debts | 44 | €2,621 | €3,445 | +€824 | +31.4% |
| Suppliers | 440/4 | €2,621 | €3,445 | +€824 | +31.4% |
| Taxes, remuneration and social security | 45 | €5,489 | €8,255 | +€2,766 | +50.4% |
| Taxes | 450/3 | €5,081 | €7,639 | +€2,558 | +50.3% |
| Remuneration and social security | 454/9 | €408 | €616 | +€208 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,266 | €1,002 | -€1,264 | -55.8% |
| Other operating charges | 640/8 | - | €833 | +€833 | |
| Gross operating margin | 9900 | €5,630 | -€195 | -€5,824 | |
| Operating profit (loss) | 9901 | €3,364 | -€2,030 | -€5,394 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €98 | €180 | +€82 | +84.3% |
| Recurring financial charges | 65 | €98 | €180 | +€82 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €3,266 | -€2,209 | -€5,475 | |
| Income taxes | 67/77 | €653 | - | -€653 | |
| Profit (loss) for the period | 9904 | €2,613 | -€2,209 | -€4,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,613 | -€2,209 | -€4,822 |
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 18 October 2026 via checked.be.