ARJ Consult: 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 Consult
Largest movements
- Cash +€38,090
up €38,090 (+205%), from €18,588 to €56,678
mainly Net result for the year (+€34,600) and Tax, wage and social debts (+€6,047)
- Tangible fixed assets -€5,896
down €5,896 (-26.9%), from €21,913 to €16,018
of which Leasing and similar rights: -€9,273
- Receivables within one year +€2,752
up €2,752 (+20.5%), from €13,410 to €16,161
of which Trade receivables: +€2,749
- Reserves +€34,600
up €34,600 (+72.9%), from €47,482 to €82,082
- Tax, wage and social debts +€6,047
up €6,047 (+24.0%), from €25,233 to €31,281
of which Taxes: +€6,047
- Trade debts -€3,687
down €3,687 (-68.9%), from €5,351 to €1,664
- Gross operating margin +€16,717
up €16,717 (+37.1%), from €45,067 to €61,784
- Taxes +€2,180
up €2,180 (+23.6%), from €9,242 to €11,422
- Depreciation -€2,175
down €2,175 (-35.4%), from €6,150 to €3,975
- Financial income +€1,944
up €1,944 (+190%), from €1,021 to €2,965
- Financial charges +€1,091
up €1,091 (+215%), from €507 to €1,598
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 | €104,932 | €140,666 | +€35,734 | +34.1% |
| Fixed assets | 21/28 | €21,913 | €16,018 | -€5,896 | -26.9% |
| Tangible fixed assets | 22/27 | €21,913 | €16,018 | -€5,896 | -26.9% |
| Plant, machinery and equipment | 23 | €2,330 | €1,360 | -€970 | -41.6% |
| Furniture and vehicles | 24 | €10,310 | €14,658 | +€4,347 | +42.2% |
| Leasing and similar rights | 25 | €9,273 | €0 | -€9,273 | -100% |
| Current assets | 29/58 | €83,019 | €124,648 | +€41,629 | +50.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,410 | €16,161 | +€2,752 | +20.5% |
| Trade receivables | 40 | €13,410 | €16,159 | +€2,749 | +20.5% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €18,588 | €56,678 | +€38,090 | +205% |
| Deferred charges and accrued income | 490/1 | €1,021 | €1,808 | +€788 | +77.2% |
| Total equity and liabilities | 10/49 | €104,932 | €140,666 | +€35,734 | +34.1% |
| Equity | 10/15 | €72,482 | €107,082 | +€34,600 | +47.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €47,482 | €82,082 | +€34,600 | +72.9% |
| Distributable reserves | 133 | €47,482 | €82,082 | +€34,600 | +72.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,450 | €33,583 | +€1,134 | +3.5% |
| Amounts payable within one year | 42/48 | €32,450 | €33,583 | +€1,134 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €638 | €0 | -€638 | -100% |
| Trade debts | 44 | €5,351 | €1,664 | -€3,687 | -68.9% |
| Suppliers | 440/4 | €5,351 | €1,664 | -€3,687 | -68.9% |
| Taxes, remuneration and social security | 45 | €25,233 | €31,281 | +€6,047 | +24.0% |
| Taxes | 450/3 | €22,983 | €29,031 | +€6,047 | +26.3% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €1,227 | €638 | -€589 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,150 | €3,975 | -€2,175 | -35.4% |
| Other operating charges | 640/8 | €1,954 | €1,507 | -€447 | -22.9% |
| Non-recurring operating charges | 66A | - | €11,647 | +€11,647 | |
| Gross operating margin | 9900 | €45,067 | €61,784 | +€16,717 | +37.1% |
| Operating profit (loss) | 9901 | €36,963 | €44,655 | +€7,692 | +20.8% |
| Financial income | 75/76B | €1,021 | €2,965 | +€1,944 | +190% |
| Recurring financial income | 75 | €1,021 | €2,965 | +€1,944 | +190% |
| Financial charges | 65/66B | €507 | €1,598 | +€1,091 | +215% |
| Recurring financial charges | 65 | €507 | €1,598 | +€1,091 | +215% |
| Profit (loss) for the period before taxes | 9903 | €37,477 | €46,022 | +€8,545 | +22.8% |
| Income taxes | 67/77 | €9,242 | €11,422 | +€2,180 | +23.6% |
| Profit (loss) for the period | 9904 | €28,235 | €34,600 | +€6,365 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,235 | €34,600 | +€6,365 | +22.5% |
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 30 October 2026 via checked.be.