ARField: 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.
ARField
Largest movements
- Cash -€51,112
down €51,112 (-17.4%), from €293,947 to €242,835
mainly Investment in fixed assets (net) (-€63,352) and Trade debts (-€59,017)
- Receivables within one year +€47,250
up €47,250 (+163.3%), from €28,942 to €76,192
of which Trade receivables: +€35,556
- Receivables after one year +€40,000
new in 2025: €40,000
- Tangible fixed assets +€19,513
up €19,513 (+14.3%), from €136,256 to €155,769
- Deferred charges and accrued income +€11,350
up €11,350 (+130.2%), from €8,718 to €20,069
- Reserves +€117,000
up €117,000 (+53.2%), from €220,100 to €337,100
of which Distributable reserves: +€117,000
- Trade debts -€59,017
down €59,017 (-59.4%), from €99,302 to €40,285
- Debts after one year +€6,878
up €6,878 (+12.5%), from €54,998 to €61,877
- Tax, wage and social debts +€5,578
up €5,578 (+16.0%), from €34,920 to €40,498
of which Remuneration and social security: +€8,326
- Staff costs +€159,804
up €159,804 (+134.3%), from €118,965 to €278,769
- Gross operating margin +€156,664
up €156,664 (+47.7%), from €328,467 to €485,131
- Depreciation +€15,503
up €15,503 (+54.7%), from €28,337 to €43,839
- Taxes -€6,785
down €6,785 (-16.8%), from €40,385 to €33,600
- Financial charges +€4,970
up €4,970 (+118.1%), from €4,207 to €9,177
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 | €467,864 | €534,865 | +€67,001 | +14.3% |
| Fixed assets | 21/28 | €136,256 | €155,769 | +€19,513 | +14.3% |
| Tangible fixed assets | 22/27 | €136,256 | €155,769 | +€19,513 | +14.3% |
| Furniture and vehicles | 24 | €136,256 | €155,769 | +€19,513 | +14.3% |
| Current assets | 29/58 | €331,607 | €379,096 | +€47,488 | +14.3% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €28,942 | €76,192 | +€47,250 | +163.3% |
| Trade receivables | 40 | €19,322 | €54,878 | +€35,556 | +184.0% |
| Other amounts receivable | 41 | €9,620 | €21,314 | +€11,694 | +121.6% |
| Cash at bank and in hand | 54/58 | €293,947 | €242,835 | -€51,112 | -17.4% |
| Deferred charges and accrued income | 490/1 | €8,718 | €20,069 | +€11,350 | +130.2% |
| Total equity and liabilities | 10/49 | €467,864 | €534,865 | +€67,001 | +14.3% |
| Equity | 10/15 | €231,938 | €348,673 | +€116,735 | +50.3% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €220,100 | €337,100 | +€117,000 | +53.2% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €219,000 | €336,000 | +€117,000 | +53.4% |
| Profit (loss) carried forward | 14 | €838 | €573 | -€265 | -31.6% |
| Amounts payable | 17/49 | €235,926 | €186,192 | -€49,734 | -21.1% |
| Amounts payable after more than one year | 17 | €54,998 | €61,877 | +€6,878 | +12.5% |
| Financial debts | 170/4 | €54,998 | €61,877 | +€6,878 | +12.5% |
| Amounts payable within one year | 42/48 | €180,928 | €124,315 | -€56,612 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €34,360 | €36,263 | +€1,903 | +5.5% |
| Trade debts | 44 | €99,302 | €40,285 | -€59,017 | -59.4% |
| Suppliers | 440/4 | €99,302 | €40,285 | -€59,017 | -59.4% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,920 | €40,498 | +€5,578 | +16.0% |
| Taxes | 450/3 | €24,253 | €21,505 | -€2,748 | -11.3% |
| Remuneration and social security | 454/9 | €10,667 | €18,993 | +€8,326 | +78.0% |
| Other amounts payable | 47/48 | €10,346 | €5,270 | -€5,076 | -49.1% |
| Remuneration, social security and pensions | 62 | €118,965 | €278,769 | +€159,804 | +134.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,337 | €43,839 | +€15,503 | +54.7% |
| Other operating charges | 640/8 | €5,613 | €4,113 | -€1,500 | -26.7% |
| Gross operating margin | 9900 | €328,467 | €485,131 | +€156,664 | +47.7% |
| Operating profit (loss) | 9901 | €175,553 | €158,410 | -€17,142 | -9.8% |
| Financial income | 75/76B | €0 | €1,102 | +€1,101 | +344131.3% |
| Recurring financial income | 75 | €0 | €1,102 | +€1,101 | +344131.3% |
| Financial charges | 65/66B | €4,207 | €9,177 | +€4,970 | +118.1% |
| Recurring financial charges | 65 | €4,207 | €9,177 | +€4,970 | +118.1% |
| Profit (loss) for the period before taxes | 9903 | €171,346 | €150,335 | -€21,011 | -12.3% |
| Income taxes | 67/77 | €40,385 | €33,600 | -€6,785 | -16.8% |
| Profit (loss) for the period | 9904 | €130,961 | €116,735 | -€14,226 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,961 | €116,735 | -€14,226 | -10.9% |
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 12 October 2026 via checked.be.