Arize: 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.
Arize
Largest movements
- Intangible fixed assets +€22,265
up €22,265 (+76.5%), from €29,123 to €51,388
- Receivables within one year +€7,052
up €7,052 (+8.7%), from €80,616 to €87,669
of which Trade receivables: +€9,070
- Stocks and contracts -€4,205
down €4,205 (-10.7%), from €39,240 to €35,035
- Profit (loss) carried forward -€30,239
down €30,239 (-18.9%), from -€160,390 to -€190,630
- Debts after one year +€30,000
up €30,000 (+14.1%), from €212,500 to €242,500
- Accrued charges and deferred income +€9,944
up €9,944 (+176.0%), from €5,651 to €15,595
- Trade debts +€9,380
up €9,380 (+32.2%), from €29,135 to €38,515
- Other debts +€6,860
up €6,860 (+15.6%), from €43,854 to €50,713
- Gross operating margin +€43,265
up €43,265 (+75.1%), from -€57,583 to -€14,318
- Financial charges +€6,681
up €6,681 (+95.3%), from €7,009 to €13,690
- Financial income -€658
down €658 (-42.7%), from €1,540 to €882
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 | €160,907 | €187,117 | +€26,210 | +16.3% |
| Fixed assets | 21/28 | €38,723 | €60,892 | +€22,169 | +57.3% |
| Intangible fixed assets | 21 | €29,123 | €51,388 | +€22,265 | +76.5% |
| Tangible fixed assets | 22/27 | €9,600 | €9,504 | -€96 | -1.0% |
| Plant, machinery and equipment | 23 | €9,600 | €9,504 | -€96 | -1.0% |
| Current assets | 29/58 | €122,185 | €126,226 | +€4,041 | +3.3% |
| Stocks and contracts in progress | 3 | €39,240 | €35,035 | -€4,205 | -10.7% |
| Stocks | 30/36 | €39,240 | €35,035 | -€4,205 | -10.7% |
| Amounts receivable within one year | 40/41 | €80,616 | €87,669 | +€7,052 | +8.7% |
| Trade receivables | 40 | €842 | €9,912 | +€9,070 | +1077.5% |
| Other amounts receivable | 41 | €79,774 | €77,757 | -€2,017 | -2.5% |
| Cash at bank and in hand | 54/58 | €1,818 | €2,163 | +€345 | +19.0% |
| Deferred charges and accrued income | 490/1 | €510 | €1,359 | +€849 | +166.3% |
| Total equity and liabilities | 10/49 | €160,907 | €187,117 | +€26,210 | +16.3% |
| Equity | 10/15 | -€130,390 | -€160,630 | -€30,239 | -23.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,390 | -€190,630 | -€30,239 | -18.9% |
| Amounts payable | 17/49 | €291,297 | €347,747 | +€56,449 | +19.4% |
| Amounts payable after more than one year | 17 | €212,500 | €242,500 | +€30,000 | +14.1% |
| Financial debts | 170/4 | €212,500 | €242,500 | +€30,000 | +14.1% |
| Amounts payable within one year | 42/48 | €73,146 | €89,652 | +€16,506 | +22.6% |
| Trade debts | 44 | €29,135 | €38,515 | +€9,380 | +32.2% |
| Suppliers | 440/4 | €29,135 | €38,515 | +€9,380 | +32.2% |
| Taxes, remuneration and social security | 45 | €158 | €424 | +€266 | +169.0% |
| Taxes | 450/3 | €158 | €424 | +€266 | +169.0% |
| Other amounts payable | 47/48 | €43,854 | €50,713 | +€6,860 | +15.6% |
| Accrued charges and deferred income | 492/3 | €5,651 | €15,595 | +€9,944 | +176.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,515 | €2,376 | -€139 | -5.5% |
| Other operating charges | 640/8 | €184 | €738 | +€554 | +301.5% |
| Non-recurring operating charges | 66A | €31,958 | €0 | -€31,958 | -100.0% |
| Gross operating margin | 9900 | -€57,583 | -€14,318 | +€43,265 | +75.1% |
| Operating profit (loss) | 9901 | -€92,240 | -€17,432 | +€74,808 | +81.1% |
| Financial income | 75/76B | €1,540 | €882 | -€658 | -42.7% |
| Recurring financial income | 75 | €1,540 | €882 | -€658 | -42.7% |
| Financial charges | 65/66B | €7,009 | €13,690 | +€6,681 | +95.3% |
| Recurring financial charges | 65 | €7,009 | €13,690 | +€6,681 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | -€97,709 | -€30,239 | +€67,470 | +69.1% |
| Profit (loss) for the period | 9904 | -€97,709 | -€30,239 | +€67,470 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,709 | -€30,239 | +€67,470 | +69.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.