ARISINGSTER: 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.
ARISINGSTER
Largest movements
- Receivables within one year -€4,783
down €4,783 (-21.2%), from €22,508 to €17,726
of which Other amounts receivable: -€16,233
- Stocks and contracts -€3,138
down €3,138 (-33.4%), from €9,389 to €6,251
- Cash -€2,977
down €2,977 (-23.9%), from €12,437 to €9,460
mainly Net result for the year (-€9,711) and Debts after one year (-€9,458)
- Tangible fixed assets -€2,145
down €2,145 (-25.9%), from €8,270 to €6,125
of which Furniture and vehicles: -€1,892
- Deferred charges and accrued income +€1,391
up €1,391 (+482.3%), from €288 to €1,679
- Other debts +€12,980
new in 2025: €12,980
- Profit (loss) carried forward -€9,711
down €9,711 (-29.9%), from -€32,520 to -€42,232
- Debts after one year -€9,458
down €9,458 (-53.5%), from €17,666 to €8,208
- Trade debts -€4,602
down €4,602 (-55.0%), from €8,370 to €3,768
- Tax, wage and social debts -€1,342
down €1,342 (-10.9%), from €12,293 to €10,951
of which Remuneration and social security: -€1,479
- Staff costs -€7,543
down €7,543 (-20.7%), from €36,503 to €28,959
- Financial charges -€3,586
down €3,586 (-50.9%), from €7,040 to €3,453
- Financial income -€2,167
down €2,167 (-95.9%), from €2,261 to €93
- Depreciation +€704
up €704 (+27.1%), from €2,598 to €3,302
- Other operating charges -€631
down €631 (-40.5%), from €1,559 to €928
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 | €52,917 | €41,266 | -€11,651 | -22.0% |
| Fixed assets | 21/28 | €8,295 | €6,150 | -€2,145 | -25.9% |
| Tangible fixed assets | 22/27 | €8,270 | €6,125 | -€2,145 | -25.9% |
| Furniture and vehicles | 24 | €6,231 | €4,339 | -€1,892 | -30.4% |
| Other tangible fixed assets | 26 | €2,039 | €1,786 | -€253 | -12.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €44,622 | €35,116 | -€9,506 | -21.3% |
| Stocks and contracts in progress | 3 | €9,389 | €6,251 | -€3,138 | -33.4% |
| Stocks | 30/36 | €9,389 | €6,251 | -€3,138 | -33.4% |
| Amounts receivable within one year | 40/41 | €22,508 | €17,726 | -€4,783 | -21.2% |
| Trade receivables | 40 | €5,774 | €17,224 | +€11,450 | +198.3% |
| Other amounts receivable | 41 | €16,734 | €501 | -€16,233 | -97.0% |
| Cash at bank and in hand | 54/58 | €12,437 | €9,460 | -€2,977 | -23.9% |
| Deferred charges and accrued income | 490/1 | €288 | €1,679 | +€1,391 | +482.3% |
| Total equity and liabilities | 10/49 | €52,917 | €41,266 | -€11,651 | -22.0% |
| Equity | 10/15 | €5,540 | -€4,172 | -€9,711 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,520 | -€42,232 | -€9,711 | -29.9% |
| Amounts payable | 17/49 | €47,378 | €45,437 | -€1,940 | -4.1% |
| Amounts payable after more than one year | 17 | €17,666 | €8,208 | -€9,458 | -53.5% |
| Financial debts | 170/4 | €17,666 | €8,208 | -€9,458 | -53.5% |
| Amounts payable within one year | 42/48 | €29,712 | €37,157 | +€7,445 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €9,049 | €9,458 | +€409 | +4.5% |
| Trade debts | 44 | €8,370 | €3,768 | -€4,602 | -55.0% |
| Suppliers | 440/4 | €8,370 | €3,768 | -€4,602 | -55.0% |
| Taxes, remuneration and social security | 45 | €12,293 | €10,951 | -€1,342 | -10.9% |
| Taxes | 450/3 | €581 | €718 | +€137 | +23.6% |
| Remuneration and social security | 454/9 | €11,712 | €10,233 | -€1,479 | -12.6% |
| Other amounts payable | 47/48 | - | €12,980 | +€12,980 | |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Remuneration, social security and pensions | 62 | €36,503 | €28,959 | -€7,543 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,598 | €3,302 | +€704 | +27.1% |
| Other operating charges | 640/8 | €1,559 | €928 | -€631 | -40.5% |
| Gross operating margin | 9900 | €27,023 | €27,130 | +€107 | +0.4% |
| Operating profit (loss) | 9901 | -€13,636 | -€6,060 | +€7,577 | +55.6% |
| Financial income | 75/76B | €2,261 | €93 | -€2,167 | -95.9% |
| Recurring financial income | 75 | €2,261 | €93 | -€2,167 | -95.9% |
| Financial charges | 65/66B | €7,040 | €3,453 | -€3,586 | -50.9% |
| Recurring financial charges | 65 | €7,040 | €3,453 | -€3,586 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,415 | -€9,420 | +€8,995 | +48.8% |
| Income taxes | 67/77 | €301 | €291 | -€10 | -3.3% |
| Profit (loss) for the period | 9904 | -€18,717 | -€9,711 | +€9,005 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,717 | -€9,711 | +€9,005 | +48.1% |
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 9 October 2026 via checked.be.