ARJ Conseils: 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.
ARJ Conseils
Largest movements
- Financial fixed assets -€150,000
down €150,000 (-97.4%), from €153,970 to €3,970
- Receivables within one year -€27,985
down €27,985 (-8.6%), from €323,751 to €295,766
of which Other amounts receivable: -€31,711
- Cash -€19,089
down €19,089 (-19.5%), from €98,070 to €78,981
mainly Contributions, distributions and other (-€191,656) and Net result for the year (-€24,474)
- Tangible fixed assets +€11,412
up €11,412 (+1113.2%), from €1,025 to €12,437
- Profit (loss) carried forward -€216,130
no longer reported in 2025 (was €216,130)
- Tax, wage and social debts +€29,357
new in 2025: €29,357
- Financial income -€236,647
down €236,647 (-96.7%), from €244,815 to €8,168
- Depreciation +€2,700
up €2,700 (+10862.4%), from €25 to €2,725
- Gross operating margin -€1,458
down €1,458 (-5.4%), from -€27,088 to -€28,546
- Other operating charges -€440
down €440 (-46.8%), from €939 to €500
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 | €577,124 | €391,350 | -€185,774 | -32.2% |
| Fixed assets | 21/28 | €154,995 | €16,407 | -€138,588 | -89.4% |
| Tangible fixed assets | 22/27 | €1,025 | €12,437 | +€11,412 | +1113.2% |
| Furniture and vehicles | 24 | €1,025 | €12,437 | +€11,412 | +1113.2% |
| Financial fixed assets | 28 | €153,970 | €3,970 | -€150,000 | -97.4% |
| Current assets | 29/58 | €422,129 | €374,944 | -€47,185 | -11.2% |
| Amounts receivable within one year | 40/41 | €323,751 | €295,766 | -€27,985 | -8.6% |
| Trade receivables | 40 | €3,575 | €7,301 | +€3,726 | +104.2% |
| Other amounts receivable | 41 | €320,176 | €288,465 | -€31,711 | -9.9% |
| Cash at bank and in hand | 54/58 | €98,070 | €78,981 | -€19,089 | -19.5% |
| Deferred charges and accrued income | 490/1 | €308 | €197 | -€111 | -36.0% |
| Total equity and liabilities | 10/49 | €577,124 | €391,350 | -€185,774 | -32.2% |
| Equity | 10/15 | €577,124 | €360,994 | -€216,130 | -37.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €358,494 | €358,494 | = | 0.0% |
| Distributable reserves | 133 | €358,494 | €358,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,130 | - | -€216,130 | |
| Amounts payable | 17/49 | - | €30,357 | +€30,357 | |
| Amounts payable within one year | 42/48 | - | €30,357 | +€30,357 | |
| Trade debts | 44 | - | €1,000 | +€1,000 | |
| Suppliers | 440/4 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | - | €29,357 | +€29,357 | |
| Taxes | 450/3 | - | €29,357 | +€29,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25 | €2,725 | +€2,700 | +10862.4% |
| Other operating charges | 640/8 | €939 | €500 | -€440 | -46.8% |
| Gross operating margin | 9900 | -€27,088 | -€28,546 | -€1,458 | -5.4% |
| Operating profit (loss) | 9901 | -€28,052 | -€31,771 | -€3,719 | -13.3% |
| Financial income | 75/76B | €244,815 | €8,168 | -€236,647 | -96.7% |
| Recurring financial income | 75 | €244,815 | €8,168 | -€236,647 | -96.7% |
| Financial charges | 65/66B | €242 | €263 | +€20 | +8.3% |
| Recurring financial charges | 65 | €242 | €263 | +€20 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €216,520 | -€23,866 | -€240,386 | |
| Income taxes | 67/77 | €390 | €608 | +€218 | +56.0% |
| Profit (loss) for the period | 9904 | €216,130 | -€24,474 | -€240,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €216,130 | -€24,474 | -€240,604 |
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 10 October 2026 via checked.be.