Arakelyan L.: 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.
Arakelyan L.
Largest movements
- Cash -€12,865
down €12,865 (-41.5%), from €31,014 to €18,149
mainly Contributions, distributions and other (-€65,942) and Deferred charges and accrued income (-€1,841)
- Tangible fixed assets -€10,178
down €10,178 (-27.0%), from €37,725 to €27,547
of which Furniture and vehicles: -€9,487
- Deferred charges and accrued income +€1,841
new in 2025: €1,841
- Receivables within one year -€1,425
down €1,425 (-14.2%), from €10,016 to €8,590
of which Trade receivables: -€2,592
- Reserves -€47,105
down €47,105 (-71.4%), from €65,942 to €18,837
- Provisions +€23,871
new in 2025: €23,871
- Current portion of long-term debt +€2,158
new in 2025: €2,158
- Other debts -€1,656
down €1,656 (-42.3%), from €3,915 to €2,259
- Provisions +€23,871
new in 2025: €23,871
- Gross operating margin +€20,492
up €20,492 (+43.9%), from €46,656 to €67,148
- Taxes +€1,039
up €1,039 (+10.6%), from €9,836 to €10,875
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 | €78,755 | €56,127 | -€22,628 | -28.7% |
| Fixed assets | 21/28 | €37,725 | €27,547 | -€10,178 | -27.0% |
| Tangible fixed assets | 22/27 | €37,725 | €27,547 | -€10,178 | -27.0% |
| Plant, machinery and equipment | 23 | €6,850 | €6,159 | -€691 | -10.1% |
| Furniture and vehicles | 24 | €30,875 | €21,388 | -€9,487 | -30.7% |
| Current assets | 29/58 | €41,030 | €28,580 | -€12,450 | -30.3% |
| Amounts receivable within one year | 40/41 | €10,016 | €8,590 | -€1,425 | -14.2% |
| Trade receivables | 40 | €8,982 | €6,390 | -€2,592 | -28.9% |
| Other amounts receivable | 41 | €1,033 | €2,200 | +€1,167 | +113% |
| Cash at bank and in hand | 54/58 | €31,014 | €18,149 | -€12,865 | -41.5% |
| Deferred charges and accrued income | 490/1 | - | €1,841 | +€1,841 | |
| Total equity and liabilities | 10/49 | €78,755 | €56,127 | -€22,628 | -28.7% |
| Equity | 10/15 | €67,942 | €20,837 | -€47,105 | -69.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,942 | €18,837 | -€47,105 | -71.4% |
| Distributable reserves | 133 | €65,942 | €18,837 | -€47,105 | -71.4% |
| Provisions and deferred taxes | 16 | - | €23,871 | +€23,871 | |
| Provisions for liabilities and charges | 160/5 | - | €23,871 | +€23,871 | |
| Other liabilities and charges | 164/5 | - | €23,871 | +€23,871 | |
| Amounts payable | 17/49 | €10,813 | €11,420 | +€607 | +5.6% |
| Amounts payable within one year | 42/48 | €10,813 | €11,420 | +€607 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,158 | +€2,158 | |
| Trade debts | 44 | - | €216 | +€216 | |
| Suppliers | 440/4 | - | €216 | +€216 | |
| Taxes, remuneration and social security | 45 | €6,898 | €6,786 | -€112 | -1.6% |
| Taxes | 450/3 | €6,876 | €6,786 | -€90 | -1.3% |
| Remuneration and social security | 454/9 | €22 | - | -€22 | |
| Other amounts payable | 47/48 | €3,915 | €2,259 | -€1,656 | -42.3% |
| Remuneration, social security and pensions | 62 | €1,760 | €1,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,276 | €11,276 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €23,871 | +€23,871 | |
| Other operating charges | 640/8 | €382 | €393 | +€11 | +2.8% |
| Gross operating margin | 9900 | €46,656 | €67,148 | +€20,492 | +43.9% |
| Operating profit (loss) | 9901 | €33,237 | €29,848 | -€3,389 | -10.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €39 | €141 | +€102 | +262% |
| Recurring financial charges | 65 | €39 | €141 | +€102 | +262% |
| Profit (loss) for the period before taxes | 9903 | €33,198 | €29,712 | -€3,486 | -10.5% |
| Income taxes | 67/77 | €9,836 | €10,875 | +€1,039 | +10.6% |
| Profit (loss) for the period | 9904 | €23,362 | €18,837 | -€4,526 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,362 | €18,837 | -€4,526 | -19.4% |
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.