ARJULI: 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.
ARJULI
Largest movements
- Current investments +€20,000
up €20,000 (+25.0%), from €80,000 to €100,000
- Cash +€4,287
up €4,287 (+8.8%), from €48,638 to €52,925
mainly Net result for the year (+€29,445) and Other debts (+€14,000)
- Receivables within one year +€3,791
up €3,791 (+6.4%), from €59,133 to €62,924
of which Other amounts receivable: +€4,922
- Tangible fixed assets -€2,706
down €2,706 (-35.5%), from €7,629 to €4,923
- Reserves +€15,000
up €15,000 (+10.6%), from €141,860 to €156,860
- Other debts +€14,000
new in 2025: €14,000
- Tax, wage and social debts -€3,356
down €3,356 (-22.2%), from €15,110 to €11,753
- Gross operating margin -€2,575
down €2,575 (-5.4%), from €47,544 to €44,969
- Taxes -€848
down €848 (-6.4%), from €13,308 to €12,460
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 | €198,163 | €223,740 | +€25,577 | +12.9% |
| Fixed assets | 21/28 | €7,629 | €4,923 | -€2,706 | -35.5% |
| Tangible fixed assets | 22/27 | €7,629 | €4,923 | -€2,706 | -35.5% |
| Furniture and vehicles | 24 | €7,629 | €4,923 | -€2,706 | -35.5% |
| Current assets | 29/58 | €190,534 | €218,817 | +€28,283 | +14.8% |
| Amounts receivable within one year | 40/41 | €59,133 | €62,924 | +€3,791 | +6.4% |
| Trade receivables | 40 | €10,751 | €9,620 | -€1,131 | -10.5% |
| Other amounts receivable | 41 | €48,382 | €53,305 | +€4,922 | +10.2% |
| Current investments | 50/53 | €80,000 | €100,000 | +€20,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €48,638 | €52,925 | +€4,287 | +8.8% |
| Deferred charges and accrued income | 490/1 | €2,763 | €2,968 | +€205 | +7.4% |
| Total equity and liabilities | 10/49 | €198,163 | €223,740 | +€25,577 | +12.9% |
| Equity | 10/15 | €176,193 | €191,638 | +€15,445 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €141,860 | €156,860 | +€15,000 | +10.6% |
| Distributable reserves | 133 | €141,860 | €156,860 | +€15,000 | +10.6% |
| Profit (loss) carried forward | 14 | €21,933 | €22,378 | +€445 | +2.0% |
| Amounts payable | 17/49 | €21,970 | €32,102 | +€10,132 | +46.1% |
| Amounts payable within one year | 42/48 | €21,970 | €32,102 | +€10,132 | +46.1% |
| Financial debts | 43 | €3,089 | €3,394 | +€305 | +9.9% |
| Credit institutions | 430/8 | €3,089 | €3,394 | +€305 | +9.9% |
| Trade debts | 44 | €3,771 | €2,954 | -€817 | -21.7% |
| Suppliers | 440/4 | €3,771 | €2,954 | -€817 | -21.7% |
| Taxes, remuneration and social security | 45 | €15,110 | €11,753 | -€3,356 | -22.2% |
| Taxes | 450/3 | €15,110 | €11,753 | -€3,356 | -22.2% |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,712 | €2,706 | -€6 | -0.2% |
| Other operating charges | 640/8 | €830 | €776 | -€54 | -6.5% |
| Gross operating margin | 9900 | €47,544 | €44,969 | -€2,575 | -5.4% |
| Operating profit (loss) | 9901 | €44,003 | €41,487 | -€2,515 | -5.7% |
| Financial income | 75/76B | €1,360 | €926 | -€434 | -31.9% |
| Recurring financial income | 75 | €1,360 | €926 | -€434 | -31.9% |
| Financial charges | 65/66B | €591 | €508 | -€82 | -13.9% |
| Recurring financial charges | 65 | €591 | €508 | -€82 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €44,772 | €41,905 | -€2,867 | -6.4% |
| Income taxes | 67/77 | €13,308 | €12,460 | -€848 | -6.4% |
| Profit (loss) for the period | 9904 | €31,464 | €29,445 | -€2,019 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,464 | €29,445 | -€2,019 | -6.4% |
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 13 October 2026 via checked.be.