ARJUSTIM: 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.
ARJUSTIM
Largest movements
- Current investments -€49,997
down €49,997 (-90.9%), from €55,000 to €5,003
- Tangible fixed assets +€39,583
up €39,583 (+12.8%), from €308,491 to €348,074
of which Furniture and vehicles: +€56,961
- Cash -€9,935
down €9,935 (-70.2%), from €14,162 to €4,227
mainly Investment in fixed assets (net) (-€66,556) and Other debts (-€15,866)
- Deferred charges and accrued income +€4,875
new in 2025: €4,875
- Receivables within one year +€4,782
up €4,782 (+312.0%), from €1,532 to €6,314
of which Trade receivables: +€5,639
- Other debts -€15,866
down €15,866 (-87.9%), from €18,050 to €2,184
- Trade debts +€15,756
up €15,756 (+353.4%), from €4,459 to €20,215
- Profit (loss) carried forward -€10,560
down €10,560 (-51.5%), from -€20,523 to -€31,084
- Gross operating margin +€10,225
up €10,225 (+86.2%), from €11,861 to €22,086
- Other operating charges -€9,548
down €9,548 (-62.6%), from €15,260 to €5,712
- Depreciation +€9,311
up €9,311 (+52.7%), from €17,662 to €26,973
- Financial income -€723
down €723 (-71.1%), from €1,017 to €294
- Taxes -€235
down €235 (-83.0%), from €283 to €48
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 | €379,185 | €368,493 | -€10,692 | -2.8% |
| Fixed assets | 21/28 | €308,491 | €348,074 | +€39,583 | +12.8% |
| Tangible fixed assets | 22/27 | €308,491 | €348,074 | +€39,583 | +12.8% |
| Land and buildings | 22 | €280,325 | €262,947 | -€17,378 | -6.2% |
| Furniture and vehicles | 24 | €28,166 | €85,127 | +€56,961 | +202.2% |
| Current assets | 29/58 | €70,694 | €20,419 | -€50,275 | -71.1% |
| Amounts receivable within one year | 40/41 | €1,532 | €6,314 | +€4,782 | +312.0% |
| Trade receivables | 40 | - | €5,639 | +€5,639 | |
| Other amounts receivable | 41 | €1,532 | €675 | -€857 | -56.0% |
| Current investments | 50/53 | €55,000 | €5,003 | -€49,997 | -90.9% |
| Cash at bank and in hand | 54/58 | €14,162 | €4,227 | -€9,935 | -70.2% |
| Deferred charges and accrued income | 490/1 | - | €4,875 | +€4,875 | |
| Total equity and liabilities | 10/49 | €379,185 | €368,493 | -€10,692 | -2.8% |
| Equity | 10/15 | €355,727 | €345,166 | -€10,560 | -3.0% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €78,778 | €78,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,747 | €29,747 | = | 0.0% |
| Legal reserve | 130 | €29,747 | €29,747 | = | 0.0% |
| Distributable reserves | 133 | €49,031 | €49,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,523 | -€31,084 | -€10,560 | -51.5% |
| Amounts payable | 17/49 | €23,459 | €23,327 | -€132 | -0.6% |
| Amounts payable within one year | 42/48 | €23,459 | €22,545 | -€914 | -3.9% |
| Trade debts | 44 | €4,459 | €20,215 | +€15,756 | +353.4% |
| Suppliers | 440/4 | €4,459 | €20,215 | +€15,756 | +353.4% |
| Taxes, remuneration and social security | 45 | €950 | €147 | -€803 | -84.6% |
| Taxes | 450/3 | €950 | €147 | -€803 | -84.6% |
| Other amounts payable | 47/48 | €18,050 | €2,184 | -€15,866 | -87.9% |
| Accrued charges and deferred income | 492/3 | - | €782 | +€782 | |
| Non-recurring operating income | 76A | - | €2,284 | +€2,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,662 | €26,973 | +€9,311 | +52.7% |
| Other operating charges | 640/8 | €15,260 | €5,712 | -€9,548 | -62.6% |
| Gross operating margin | 9900 | €11,861 | €22,086 | +€10,225 | +86.2% |
| Operating profit (loss) | 9901 | -€21,061 | -€10,599 | +€10,462 | +49.7% |
| Financial income | 75/76B | €1,017 | €294 | -€723 | -71.1% |
| Recurring financial income | 75 | €1,017 | €294 | -€723 | -71.1% |
| Financial charges | 65/66B | €196 | €207 | +€11 | +5.5% |
| Recurring financial charges | 65 | €196 | €207 | +€11 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,240 | -€10,512 | +€9,728 | +48.1% |
| Income taxes | 67/77 | €283 | €48 | -€235 | -83.0% |
| Profit (loss) for the period | 9904 | -€20,523 | -€10,560 | +€9,963 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,523 | -€10,560 | +€9,963 | +48.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.