ARJ Works: 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 Works
Largest movements
- Cash -€33,921
down €33,921 (-66.7%), from €50,876 to €16,955
mainly Net result for the year (-€25,512) and Receivables within one year (-€8,370)
- Receivables within one year +€8,370
up €8,370 (+14.3%), from €58,344 to €66,714
- Profit (loss) carried forward -€25,512
down €25,512 (-44.6%), from €57,244 to €31,732
- Taxes +€4,301
up €4,301 (+2,288%), from €188 to €4,489
- Gross operating margin -€3,613
down €3,613 (-21.2%), from -€17,040 to -€20,653
- Other operating charges +€219
up €219 (+40.9%), from €535 to €754
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 | €109,934 | €84,145 | -€25,789 | -23.5% |
| Fixed assets | 21/28 | €714 | €476 | -€238 | -33.3% |
| Tangible fixed assets | 22/27 | €714 | €476 | -€238 | -33.3% |
| Other tangible fixed assets | 26 | €714 | €476 | -€238 | -33.3% |
| Current assets | 29/58 | €109,220 | €83,669 | -€25,551 | -23.4% |
| Amounts receivable within one year | 40/41 | €58,344 | €66,714 | +€8,370 | +14.3% |
| Other amounts receivable | 41 | €58,344 | €66,714 | +€8,370 | +14.3% |
| Cash at bank and in hand | 54/58 | €50,876 | €16,955 | -€33,921 | -66.7% |
| Total equity and liabilities | 10/49 | €109,934 | €84,145 | -€25,789 | -23.5% |
| Equity | 10/15 | €77,704 | €52,192 | -€25,512 | -32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €57,244 | €31,732 | -€25,512 | -44.6% |
| Amounts payable | 17/49 | €32,230 | €31,953 | -€277 | -0.9% |
| Amounts payable within one year | 42/48 | €32,230 | €31,953 | -€277 | -0.9% |
| Trade debts | 44 | €374 | €97 | -€277 | -74.1% |
| Suppliers | 440/4 | €374 | €97 | -€277 | -74.1% |
| Taxes, remuneration and social security | 45 | €31,856 | €31,856 | = | 0.0% |
| Remuneration and social security | 454/9 | €31,856 | €31,856 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €238 | = | 0.0% |
| Other operating charges | 640/8 | €535 | €754 | +€219 | +40.9% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€17,040 | -€20,653 | -€3,613 | -21.2% |
| Operating profit (loss) | 9901 | -€17,813 | -€21,695 | -€3,882 | -21.8% |
| Financial income | 75/76B | €627 | €819 | +€192 | +30.6% |
| Recurring financial income | 75 | €627 | €819 | +€192 | +30.6% |
| Financial charges | 65/66B | €124 | €147 | +€23 | +18.5% |
| Recurring financial charges | 65 | €124 | €147 | +€23 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,310 | -€21,023 | -€3,713 | -21.5% |
| Income taxes | 67/77 | €188 | €4,489 | +€4,301 | +2,288% |
| Profit (loss) for the period | 9904 | -€17,498 | -€25,512 | -€8,014 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,498 | -€25,512 | -€8,014 | -45.8% |
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 26 October 2026 via checked.be.