ARIJS-NEVENS: 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.
ARIJS-NEVENS
Largest movements
- Cash -€87,248
down €87,248 (-57.9%), from €150,612 to €63,365
mainly Accrued charges and deferred income (-€65,191) and Receivables within one year (-€27,893)
- Receivables within one year +€27,893
up €27,893 (+154%), from €18,139 to €46,032
of which Trade receivables: +€19,651
- Tangible fixed assets -€7,779
down €7,779 (-4.4%), from €175,079 to €167,299
of which Plant, machinery and equipment: -€5,849
- Stocks and contracts -€4,290
down €4,290 (-43.3%), from €9,911 to €5,621
- Accrued charges and deferred income -€65,191
down €65,191 (-90.6%), from €71,923 to €6,732
- Other debts +€31,701
up €31,701 (+49.1%), from €64,526 to €96,227
- Profit (loss) carried forward -€20,195
new in 2025: -€20,195
- Tax, wage and social debts -€9,369
down €9,369 (-82.8%), from €11,316 to €1,947
of which Remuneration and social security: -€5,616
- Current portion of long-term debt -€4,484
down €4,484 (-100%), from €4,484 to €0
- Gross operating margin -€77,198
down €77,198 (-56.0%), from €137,750 to €60,552
- Staff costs -€30,027
down €30,027 (-32.4%), from €92,735 to €62,708
- Taxes -€8,780
down €8,780 (-97.1%), from €9,044 to €264
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.
Derived cash bridge
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 | €362,443 | €292,358 | -€70,085 | -19.3% |
| Fixed assets | 21/28 | €175,079 | €167,299 | -€7,779 | -4.4% |
| Tangible fixed assets | 22/27 | €175,079 | €167,299 | -€7,779 | -4.4% |
| Land and buildings | 22 | €143,958 | €143,194 | -€764 | -0.5% |
| Plant, machinery and equipment | 23 | €27,167 | €21,318 | -€5,849 | -21.5% |
| Furniture and vehicles | 24 | €3,953 | €2,787 | -€1,167 | -29.5% |
| Current assets | 29/58 | €187,365 | €125,058 | -€62,306 | -33.3% |
| Stocks and contracts in progress | 3 | €9,911 | €5,621 | -€4,290 | -43.3% |
| Stocks | 30/36 | €9,911 | €5,621 | -€4,290 | -43.3% |
| Amounts receivable within one year | 40/41 | €18,139 | €46,032 | +€27,893 | +154% |
| Trade receivables | 40 | €11,312 | €30,963 | +€19,651 | +174% |
| Other amounts receivable | 41 | €6,826 | €15,068 | +€8,242 | +121% |
| Cash at bank and in hand | 54/58 | €150,612 | €63,365 | -€87,248 | -57.9% |
| Deferred charges and accrued income | 490/1 | €8,703 | €10,041 | +€1,338 | +15.4% |
| Total equity and liabilities | 10/49 | €362,443 | €292,358 | -€70,085 | -19.3% |
| Equity | 10/15 | €132,933 | €112,738 | -€20,195 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,333 | €114,333 | = | 0.0% |
| Distributable reserves | 133 | €114,333 | €114,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,195 | -€20,195 | |
| Amounts payable | 17/49 | €229,510 | €179,619 | -€49,890 | -21.7% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,587 | €152,888 | +€15,301 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €4,484 | €0 | -€4,484 | -100% |
| Trade debts | 44 | €56,218 | €52,510 | -€3,708 | -6.6% |
| Suppliers | 440/4 | €56,218 | €52,510 | -€3,708 | -6.6% |
| Advances received on contracts in progress | 46 | €1,043 | €2,204 | +€1,161 | +111% |
| Taxes, remuneration and social security | 45 | €11,316 | €1,947 | -€9,369 | -82.8% |
| Taxes | 450/3 | €3,757 | €4 | -€3,753 | -99.9% |
| Remuneration and social security | 454/9 | €7,559 | €1,943 | -€5,616 | -74.3% |
| Other amounts payable | 47/48 | €64,526 | €96,227 | +€31,701 | +49.1% |
| Accrued charges and deferred income | 492/3 | €71,923 | €6,732 | -€65,191 | -90.6% |
| Remuneration, social security and pensions | 62 | €92,735 | €62,708 | -€30,027 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,260 | €11,245 | -€1,015 | -8.3% |
| Other operating charges | 640/8 | €2,822 | €3,043 | +€220 | +7.8% |
| Gross operating margin | 9900 | €137,750 | €60,552 | -€77,198 | -56.0% |
| Operating profit (loss) | 9901 | €29,933 | -€16,444 | -€46,376 | |
| Financial income | 75/76B | €43 | €60 | +€17 | +40.8% |
| Recurring financial income | 75 | €43 | €60 | +€17 | +40.8% |
| Financial charges | 65/66B | €3,090 | €3,548 | +€458 | +14.8% |
| Recurring financial charges | 65 | €3,090 | €3,548 | +€458 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €26,886 | -€19,931 | -€46,817 | |
| Income taxes | 67/77 | €9,044 | €264 | -€8,780 | -97.1% |
| Profit (loss) for the period | 9904 | €17,841 | -€20,195 | -€38,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,841 | -€20,195 | -€38,036 |
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 25 October 2026 via checked.be.