ARHO Consulting: 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.
ARHO Consulting
Largest movements
- Cash -€55,684
down €55,684 (-62.5%), from €89,071 to €33,387
mainly Contributions, distributions and other (-€113,588) and Current investments (-€8,000)
- Current investments +€8,000
up €8,000 (+19.0%), from €42,099 to €50,098
- Profit (loss) carried forward -€79,679
down €79,679 (-69.8%), from €114,174 to €34,495
- Other debts +€37,152
up €37,152 (+22200.4%), from €167 to €37,320
- Tax, wage and social debts -€5,575
down €5,575 (-26.5%), from €21,020 to €15,446
- Gross operating margin -€5,195
down €5,195 (-10.0%), from €51,976 to €46,781
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 | €144,105 | €97,001 | -€47,103 | -32.7% |
| Fixed assets | 21/28 | €505 | €1,011 | +€506 | +100.1% |
| Tangible fixed assets | 22/27 | €505 | €1,011 | +€506 | +100.1% |
| Plant, machinery and equipment | 23 | €505 | €246 | -€259 | -51.3% |
| Furniture and vehicles | 24 | - | €765 | +€765 | |
| Current assets | 29/58 | €143,599 | €95,990 | -€47,609 | -33.2% |
| Amounts receivable within one year | 40/41 | €10,409 | €10,092 | -€317 | -3.0% |
| Trade receivables | 40 | €10,212 | €10,092 | -€120 | -1.2% |
| Other amounts receivable | 41 | €197 | - | -€197 | |
| Current investments | 50/53 | €42,099 | €50,098 | +€8,000 | +19.0% |
| Cash at bank and in hand | 54/58 | €89,071 | €33,387 | -€55,684 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,021 | €2,413 | +€391 | +19.4% |
| Total equity and liabilities | 10/49 | €144,105 | €97,001 | -€47,103 | -32.7% |
| Equity | 10/15 | €119,174 | €39,495 | -€79,679 | -66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,174 | €34,495 | -€79,679 | -69.8% |
| Amounts payable | 17/49 | €24,931 | €57,506 | +€32,575 | +130.7% |
| Amounts payable within one year | 42/48 | €24,211 | €56,066 | +€31,855 | +131.6% |
| Trade debts | 44 | €3,023 | €3,301 | +€278 | +9.2% |
| Suppliers | 440/4 | €3,023 | €3,301 | +€278 | +9.2% |
| Taxes, remuneration and social security | 45 | €21,020 | €15,446 | -€5,575 | -26.5% |
| Taxes | 450/3 | €21,020 | €15,446 | -€5,575 | -26.5% |
| Other amounts payable | 47/48 | €167 | €37,320 | +€37,152 | +22200.4% |
| Accrued charges and deferred income | 492/3 | €720 | €1,440 | +€720 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €320 | -€368 | -53.5% |
| Other operating charges | 640/8 | €1,431 | €1,903 | +€472 | +33.0% |
| Gross operating margin | 9900 | €51,976 | €46,781 | -€5,195 | -10.0% |
| Operating profit (loss) | 9901 | €49,857 | €44,558 | -€5,299 | -10.6% |
| Financial income | 75/76B | €99 | €0 | -€99 | -99.9% |
| Recurring financial income | 75 | €99 | €0 | -€99 | -99.9% |
| Financial charges | 65/66B | €122 | €15 | -€106 | -87.4% |
| Recurring financial charges | 65 | €122 | €15 | -€106 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €49,834 | €44,543 | -€5,291 | -10.6% |
| Income taxes | 67/77 | €10,659 | €10,633 | -€26 | -0.2% |
| Profit (loss) for the period | 9904 | €39,175 | €33,910 | -€5,265 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,175 | €33,910 | -€5,265 | -13.4% |
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 12 October 2026 via checked.be.