ARAR: 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.
ARAR
Largest movements
- Receivables within one year +€39,729
up €39,729 (+89.2%), from €44,531 to €84,261
of which Other amounts receivable: +€24,203
- Tangible fixed assets +€33,874
up €33,874 (+328.5%), from €10,313 to €44,186
- Cash -€4,616
down €4,616 (-36.9%), from €12,493 to €7,877
mainly Investment in fixed assets (net) (-€40,000) and Receivables within one year (-€39,729)
- Debts after one year +€22,838
new in 2024: €22,838
- Profit (loss) carried forward +€17,583
up €17,583 (+49.3%), from €35,670 to €53,253
- Current portion of long-term debt +€12,962
new in 2024: €12,962
- Trade debts +€8,836
up €8,836 (+45.6%), from €19,397 to €28,233
- Tax, wage and social debts +€6,768
up €6,768 (+61.5%), from €11,010 to €17,778
of which Taxes: +€7,006
- Staff costs +€18,052
up €18,052 (+55.0%), from €32,839 to €50,890
- Gross operating margin +€6,956
up €6,956 (+9.2%), from €75,813 to €82,769
- Depreciation +€2,689
up €2,689 (+78.2%), from €3,438 to €6,126
- Taxes -€1,568
down €1,568 (-18.3%), from €8,574 to €7,006
- Financial income +€1,456
up €1,456 (+239.3%), from €609 to €2,065
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,577 | €136,564 | +€68,987 | +102.1% |
| Fixed assets | 21/28 | €10,553 | €44,426 | +€33,874 | +321.0% |
| Tangible fixed assets | 22/27 | €10,313 | €44,186 | +€33,874 | +328.5% |
| Furniture and vehicles | 24 | €10,313 | €44,186 | +€33,874 | +328.5% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €57,025 | €92,138 | +€35,113 | +61.6% |
| Amounts receivable within one year | 40/41 | €44,531 | €84,261 | +€39,729 | +89.2% |
| Trade receivables | 40 | €20,335 | €35,861 | +€15,526 | +76.4% |
| Other amounts receivable | 41 | €24,196 | €48,399 | +€24,203 | +100.0% |
| Cash at bank and in hand | 54/58 | €12,493 | €7,877 | -€4,616 | -36.9% |
| Total equity and liabilities | 10/49 | €67,577 | €136,564 | +€68,987 | +102.1% |
| Equity | 10/15 | €37,170 | €54,753 | +€17,583 | +47.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,670 | €53,253 | +€17,583 | +49.3% |
| Amounts payable | 17/49 | €30,407 | €81,811 | +€51,404 | +169.1% |
| Amounts payable after more than one year | 17 | - | €22,838 | +€22,838 | |
| Financial debts | 170/4 | - | €22,838 | +€22,838 | |
| Amounts payable within one year | 42/48 | €30,407 | €58,973 | +€28,566 | +93.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,962 | +€12,962 | |
| Trade debts | 44 | €19,397 | €28,233 | +€8,836 | +45.6% |
| Suppliers | 440/4 | €19,397 | €28,233 | +€8,836 | +45.6% |
| Taxes, remuneration and social security | 45 | €11,010 | €17,778 | +€6,768 | +61.5% |
| Taxes | 450/3 | €9,870 | €16,876 | +€7,006 | +71.0% |
| Remuneration and social security | 454/9 | €1,140 | €902 | -€237 | -20.8% |
| Remuneration, social security and pensions | 62 | €32,839 | €50,890 | +€18,052 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,438 | €6,126 | +€2,689 | +78.2% |
| Other operating charges | 640/8 | €918 | €2,156 | +€1,238 | +134.9% |
| Gross operating margin | 9900 | €75,813 | €82,769 | +€6,956 | +9.2% |
| Operating profit (loss) | 9901 | €38,619 | €23,597 | -€15,022 | -38.9% |
| Financial income | 75/76B | €609 | €2,065 | +€1,456 | +239.3% |
| Recurring financial income | 75 | €609 | €2,065 | +€1,456 | +239.3% |
| Financial charges | 65/66B | €72 | €1,073 | +€1,001 | +1390.0% |
| Recurring financial charges | 65 | €72 | €1,073 | +€1,001 | +1390.0% |
| Profit (loss) for the period before taxes | 9903 | €39,156 | €24,589 | -€14,567 | -37.2% |
| Income taxes | 67/77 | €8,574 | €7,006 | -€1,568 | -18.3% |
| Profit (loss) for the period | 9904 | €30,582 | €17,583 | -€12,999 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,582 | €17,583 | -€12,999 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.