ARF EN YES: what changed
What changed
ARF EN YES
NACE 90.393, Specialised image, lighting and sound technical services
filed annual accounts (NBB)
Net result for the year
€3.2m
2025 · €345,256+€2.9m
Equity
€5.5m
2025 · €4.4m+€1.1m
Cash
€819,077
2025 · €2.2m-€1.4m
Balance sheet total
€8.5m
2025 · €7.8m+€669,670
Largest movements
Assets
- Current investments +€2.5m
up €2.5m, from €0 to €2.5m
- Cash -€1.4m
down €1.4m (-63.1%), from €2.2m to €819,077
mainly Current investments (-€2.5m) and Contributions, distributions and other (-€2.1m)
- Tangible fixed assets -€470,143
down €470,143 (-9.4%), from €5.0m to €4.6m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+24.6%), from €4.3m to €5.4m
of which Distributable reserves: +€1.1m
- Trade debts -€421,678
down €421,678 (-88.4%), from €476,818 to €55,140
- Debts after one year -€352,981
down €352,981 (-15.8%), from €2.2m to €1.9m
of which Financial debts: -€546,291
- Other debts +€277,673
new in 2026: €277,673
- Tax, wage and social debts +€206,858
up €206,858 (+87.1%), from €237,444 to €444,302
of which Taxes: +€323,799
Income statement
- Financial income +€3.0m
up €3.0m (+696%), from €430,875 to €3.4m
of which Non-recurring financial income: +€3.2m
- Gross operating margin -€1.0m
down €1.0m (-54.0%), from €1.9m to €867,061
- Staff costs -€924,494
down €924,494 (-82.6%), from €1.1m to €194,728
- Taxes +€338,414
up €338,414 (+646%), from €52,402 to €390,816
- Other operating charges -€108,513
down €108,513 (-82.5%), from €131,514 to €23,001
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€345,256
Gross operating margin
-€1.0m
Staff costs
+€924,494
Depreciation
+€89,030
Other operating charges
+€108,513
Other operating items
+€62,249
Financial income
+€3.0m
Financial charges
+€28,094
Taxes
-€338,414
Result 2026
€3.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.5m
Investment
-€2.3m
Financing
-€2.6m
Cash 2025
€2.2m
From operations (derived)
+€3.5m
Net result for the year
+€3.2m
Depreciation
+€391,776
Receivables within one year
-€47,247
Deferred charges and accrued income
-€70,000
Provisions
-€855
Trade debts
-€421,678
Tax, wage and social debts
+€206,858
Other debts
+€277,673
Accrued charges and deferred income
-€24,727
Investment (derived)
-€2.3m
Investment in fixed assets (net)
+€155,820
Current investments
-€2.5m
Financing
-€2.6m
Debts after one year
-€352,981
Current portion of long-term debt
-€80,130
Contributions, distributions and other
-€2.1m
Cash 2026
€819,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,787,068 | €8,456,738 | +€669,670 | +8.6% |
| Fixed assets | 21/28 | €5,216,265 | €4,668,669 | -€547,597 | -10.5% |
| Intangible fixed assets | 21 | €6,786 | €0 | -€6,786 | -100% |
| Tangible fixed assets | 22/27 | €5,024,812 | €4,554,669 | -€470,143 | -9.4% |
| Land and buildings | 22 | €4,590,425 | €4,420,066 | -€170,359 | -3.7% |
| Plant, machinery and equipment | 23 | €266,376 | €63,746 | -€202,630 | -76.1% |
| Furniture and vehicles | 24 | €167,220 | €70,857 | -€96,362 | -57.6% |
| Other tangible fixed assets | 26 | €792 | €0 | -€792 | -100% |
| Financial fixed assets | 28 | €184,667 | €114,000 | -€70,667 | -38.3% |
| Current assets | 29/58 | €2,570,803 | €3,788,069 | +€1.2m | +47.3% |
| Amounts receivable within one year | 40/41 | €318,727 | €365,974 | +€47,247 | +14.8% |
| Trade receivables | 40 | €311,127 | €346,928 | +€35,800 | +11.5% |
| Other amounts receivable | 41 | €7,600 | €19,046 | +€11,446 | +151% |
| Current investments | 50/53 | €0 | €2,500,000 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €2,219,057 | €819,077 | -€1.4m | -63.1% |
| Deferred charges and accrued income | 490/1 | €33,019 | €103,019 | +€70,000 | +212% |
| Total equity and liabilities | 10/49 | €7,787,068 | €8,456,738 | +€669,670 | +8.6% |
| Equity | 10/15 | €4,409,421 | €5,474,931 | +€1.1m | +24.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,340,801 | €5,408,877 | +€1.1m | +24.6% |
| Non-distributable reserves | 130/1 | €55,034 | €55,034 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55,034 | €55,034 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,500 | €72,500 | = | 0.0% |
| Distributable reserves | 133 | €4,213,268 | €5,281,343 | +€1.1m | +25.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €43,620 | €41,054 | -€2,566 | -5.9% |
| Provisions and deferred taxes | 16 | €14,540 | €13,685 | -€855 | -5.9% |
| Deferred taxes | 168 | €14,540 | €13,685 | -€855 | -5.9% |
| Amounts payable | 17/49 | €3,363,107 | €2,968,123 | -€394,985 | -11.7% |
| Amounts payable after more than one year | 17 | €2,229,839 | €1,876,858 | -€352,981 | -15.8% |
| Financial debts | 170/4 | €1,861,826 | €1,315,535 | -€546,291 | -29.3% |
| Other amounts payable | 178/9 | €368,013 | €561,323 | +€193,310 | +52.5% |
| Amounts payable within one year | 42/48 | €1,091,875 | €1,074,599 | -€17,277 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €377,614 | €297,484 | -€80,130 | -21.2% |
| Trade debts | 44 | €476,818 | €55,140 | -€421,678 | -88.4% |
| Suppliers | 440/4 | €476,818 | €55,140 | -€421,678 | -88.4% |
| Taxes, remuneration and social security | 45 | €237,444 | €444,302 | +€206,858 | +87.1% |
| Taxes | 450/3 | €92,067 | €415,866 | +€323,799 | +352% |
| Remuneration and social security | 454/9 | €145,377 | €28,436 | -€116,941 | -80.4% |
| Other amounts payable | 47/48 | - | €277,673 | +€277,673 | |
| Accrued charges and deferred income | 492/3 | €41,393 | €16,666 | -€24,727 | -59.7% |
| Non-recurring operating income | 76A | €8,264 | €641,232 | +€632,968 | +7,659% |
| Remuneration, social security and pensions | 62 | €1,119,222 | €194,728 | -€924,494 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,806 | €391,776 | -€89,030 | -18.5% |
| Other operating charges | 640/8 | €131,514 | €23,001 | -€108,513 | -82.5% |
| Non-recurring operating charges | 66A | €117,232 | €54,984 | -€62,249 | -53.1% |
| Gross operating margin | 9900 | €1,886,088 | €867,061 | -€1.0m | -54.0% |
| Operating profit (loss) | 9901 | €37,314 | €202,573 | +€165,259 | +443% |
| Financial income | 75/76B | €430,875 | €3,430,989 | +€3.0m | +696% |
| Recurring financial income | 75 | €430,875 | €206,078 | -€224,797 | -52.2% |
| Non-recurring financial income | 76B | - | €3,224,911 | +€3.2m | |
| Financial charges | 65/66B | €71,387 | €43,292 | -€28,094 | -39.4% |
| Recurring financial charges | 65 | €71,387 | €43,292 | -€28,094 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €396,803 | €3,590,269 | +€3.2m | +805% |
| Transfer from deferred taxes | 780 | €855 | €855 | = | 0.0% |
| Income taxes | 67/77 | €52,402 | €390,816 | +€338,414 | +646% |
| Profit (loss) for the period | 9904 | €345,256 | €3,200,309 | +€2.9m | +827% |
| Profit (loss) for the period to be appropriated | 9905 | €345,256 | €3,200,309 | +€2.9m | +827% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.