ARH GROUP: 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.
ARH GROUP
Largest movements
- Cash +€213,384
up €213,384 (+2781.7%), from €7,671 to €221,055
mainly Receivables within one year (+€212,241) and Other debts (+€81,331)
- Receivables within one year -€212,241
down €212,241 (-70.5%), from €300,983 to €88,743
of which Trade receivables: -€215,910
- Tangible fixed assets +€3,543
up €3,543 (+56.2%), from €6,300 to €9,843
of which Plant, machinery and equipment: +€2,208
- Other debts +€81,331
up €81,331 (+47.8%), from €170,144 to €251,475
- Profit (loss) carried forward -€45,267
no longer reported in 2025 (was €45,267)
- Trade debts -€17,238
down €17,238 (-44.0%), from €39,167 to €21,929
- Tax, wage and social debts -€14,899
down €14,899 (-26.2%), from €56,955 to €42,055
of which Taxes: -€15,227
- Gross operating margin +€38,250
up €38,250 (+38.3%), from €99,953 to €138,202
- Staff costs +€7,296
up €7,296 (+13.8%), from €52,926 to €60,222
- Taxes +€6,766
up €6,766 (+87.5%), from €7,735 to €14,500
- Financial charges -€1,702
down €1,702 (-21.4%), from €7,941 to €6,239
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 | €321,532 | €325,459 | +€3,926 | +1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,300 | €9,843 | +€3,543 | +56.2% |
| Tangible fixed assets | 22/27 | €6,300 | €9,843 | +€3,543 | +56.2% |
| Plant, machinery and equipment | 23 | €4,692 | €6,900 | +€2,208 | +47.1% |
| Furniture and vehicles | 24 | €1,608 | €2,943 | +€1,335 | +83.0% |
| Current assets | 29/58 | €315,232 | €315,616 | +€383 | +0.1% |
| Amounts receivable within one year | 40/41 | €300,983 | €88,743 | -€212,241 | -70.5% |
| Trade receivables | 40 | €300,910 | €85,001 | -€215,910 | -71.8% |
| Other amounts receivable | 41 | €73 | €3,742 | +€3,669 | +5026.2% |
| Cash at bank and in hand | 54/58 | €7,671 | €221,055 | +€213,384 | +2781.7% |
| Deferred charges and accrued income | 490/1 | €6,578 | €5,818 | -€760 | -11.5% |
| Total equity and liabilities | 10/49 | €321,532 | €325,459 | +€3,926 | +1.2% |
| Equity | 10/15 | €55,267 | €10,000 | -€45,267 | -81.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,267 | - | -€45,267 | |
| Amounts payable | 17/49 | €266,265 | €315,459 | +€49,193 | +18.5% |
| Amounts payable within one year | 42/48 | €266,265 | €315,459 | +€49,193 | +18.5% |
| Trade debts | 44 | €39,167 | €21,929 | -€17,238 | -44.0% |
| Suppliers | 440/4 | €39,167 | €21,929 | -€17,238 | -44.0% |
| Taxes, remuneration and social security | 45 | €56,955 | €42,055 | -€14,899 | -26.2% |
| Taxes | 450/3 | €45,839 | €30,612 | -€15,227 | -33.2% |
| Remuneration and social security | 454/9 | €11,116 | €11,444 | +€328 | +2.9% |
| Other amounts payable | 47/48 | €170,144 | €251,475 | +€81,331 | +47.8% |
| Remuneration, social security and pensions | 62 | €52,926 | €60,222 | +€7,296 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,673 | €6,559 | +€886 | +15.6% |
| Other operating charges | 640/8 | €1,884 | €1,447 | -€437 | -23.2% |
| Gross operating margin | 9900 | €99,953 | €138,202 | +€38,250 | +38.3% |
| Operating profit (loss) | 9901 | €39,470 | €69,976 | +€30,506 | +77.3% |
| Financial income | 75/76B | €10 | €1 | -€8 | -87.3% |
| Recurring financial income | 75 | €10 | €1 | -€8 | -87.3% |
| Financial charges | 65/66B | €7,941 | €6,239 | -€1,702 | -21.4% |
| Recurring financial charges | 65 | €7,941 | €6,239 | -€1,702 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €31,539 | €63,737 | +€32,199 | +102.1% |
| Income taxes | 67/77 | €7,735 | €14,500 | +€6,766 | +87.5% |
| Profit (loss) for the period | 9904 | €23,804 | €49,237 | +€25,433 | +106.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,804 | €49,237 | +€25,433 | +106.8% |
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 10 October 2026 via checked.be.