ARISAN: what changed
Two fiscal 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.
ARISAN
Largest movements
- Receivables within one year -€46,664
down €46,664 (-73.3%), from €63,656 to €16,993
of which Trade receivables: -€46,682
- Stocks and contracts -€16,292
down €16,292 (-64.6%), from €25,222 to €8,930
- Tangible fixed assets -€4,322
down €4,322 (-14.8%), from €29,214 to €24,891
of which Leasing and similar rights: -€7,835
- Deferred charges and accrued income -€1,572
down €1,572 (-52.4%), from €3,003 to €1,430
- Trade debts -€48,491
down €48,491 (-73.7%), from €65,827 to €17,336
- Profit (loss) carried forward -€14,194
new in 2025: -€14,194
- Debts after one year -€6,854
down €6,854 (-39.6%), from €17,295 to €10,441
- Tax, wage and social debts +€1,484
up €1,484 (+5.7%), from €26,105 to €27,589
of which Taxes: +€4,734
- Gross operating margin -€12,818
down €12,818 (-88.1%), from €14,547 to €1,729
- Depreciation -€488
down €488 (-4.5%), from €10,947 to €10,459
- Taxes -€251
down €251, from €233 to -€18
- Other operating charges -€249
down €249 (-8.1%), from €3,073 to €2,824
- Financial income -€155
down €155 (-91.9%), from €168 to €14
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 | €133,582 | €65,667 | -€67,915 | -50.8% |
| Fixed assets | 21/28 | €33,014 | €28,691 | -€4,322 | -13.1% |
| Tangible fixed assets | 22/27 | €29,214 | €24,891 | -€4,322 | -14.8% |
| Furniture and vehicles | 24 | €3,690 | €7,202 | +€3,512 | +95.2% |
| Leasing and similar rights | 25 | €25,524 | €17,689 | -€7,835 | -30.7% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €100,568 | €36,976 | -€63,593 | -63.2% |
| Stocks and contracts in progress | 3 | €25,222 | €8,930 | -€16,292 | -64.6% |
| Stocks | 30/36 | €25,222 | €8,930 | -€16,292 | -64.6% |
| Amounts receivable within one year | 40/41 | €63,656 | €16,993 | -€46,664 | -73.3% |
| Trade receivables | 40 | €62,356 | €15,675 | -€46,682 | -74.9% |
| Other amounts receivable | 41 | €1,300 | €1,318 | +€18 | +1.4% |
| Cash at bank and in hand | 54/58 | €8,688 | €9,623 | +€935 | +10.8% |
| Deferred charges and accrued income | 490/1 | €3,003 | €1,430 | -€1,572 | -52.4% |
| Total equity and liabilities | 10/49 | €133,582 | €65,667 | -€67,915 | -50.8% |
| Equity | 10/15 | €8,082 | -€6,112 | -€14,194 | |
| Reserves | 13 | €8,082 | €8,082 | = | 0.0% |
| Distributable reserves | 133 | €8,082 | €8,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,194 | -€14,194 | |
| Amounts payable | 17/49 | €125,500 | €71,779 | -€53,721 | -42.8% |
| Amounts payable after more than one year | 17 | €17,295 | €10,441 | -€6,854 | -39.6% |
| Financial debts | 170/4 | €17,295 | €10,441 | -€6,854 | -39.6% |
| Amounts payable within one year | 42/48 | €108,206 | €61,339 | -€46,867 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €6,491 | €6,854 | +€363 | +5.6% |
| Trade debts | 44 | €65,827 | €17,336 | -€48,491 | -73.7% |
| Suppliers | 440/4 | €65,827 | €17,336 | -€48,491 | -73.7% |
| Taxes, remuneration and social security | 45 | €26,105 | €27,589 | +€1,484 | +5.7% |
| Taxes | 450/3 | €12,605 | €17,339 | +€4,734 | +37.6% |
| Remuneration and social security | 454/9 | €13,500 | €10,250 | -€3,250 | -24.1% |
| Other amounts payable | 47/48 | €9,783 | €9,561 | -€222 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,947 | €10,459 | -€488 | -4.5% |
| Other operating charges | 640/8 | €3,073 | €2,824 | -€249 | -8.1% |
| Gross operating margin | 9900 | €14,547 | €1,729 | -€12,818 | -88.1% |
| Operating profit (loss) | 9901 | €527 | -€11,554 | -€12,081 | |
| Financial income | 75/76B | €168 | €14 | -€155 | -91.9% |
| Recurring financial income | 75 | €168 | €14 | -€155 | -91.9% |
| Financial charges | 65/66B | €2,776 | €2,672 | -€104 | -3.7% |
| Recurring financial charges | 65 | €2,776 | €2,672 | -€104 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,081 | -€14,212 | -€12,131 | -583.1% |
| Income taxes | 67/77 | €233 | -€18 | -€251 | |
| Profit (loss) for the period | 9904 | -€2,313 | -€14,194 | -€11,881 | -513.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,313 | -€14,194 | -€11,881 | -513.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.