AROWS BELGIUM: 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.
AROWS BELGIUM
Largest movements
- Tangible fixed assets +€11,250
up €11,250 (+18.5%), from €60,704 to €71,954
of which Furniture and vehicles: +€11,250
- Stocks and contracts -€3,564
down €3,564 (-96.4%), from €3,698 to €134
- Other debts +€19,578
up €19,578 (+846%), from €2,315 to €21,893
- Short-term financial debts -€10,005
no longer reported in 2025 (was €10,005)
- Reserves -€942
down €942 (-3.8%), from €24,688 to €23,746
- Turnover +€8,800
up €8,800 (+1,667%), from €528 to €9,328
- Gross operating margin +€6,104
up €6,104 (+98.3%), from -€6,209 to -€105
- Financial income +€3,395
up €3,395 (+113,167%), from €3 to €3,398
of which Non-recurring financial income: +€3,398
- Purchases and services +€1,584
up €1,584 (+15.9%), from €9,937 to €11,521
- Other operating charges +€1,040
up €1,040 (+40.9%), from €2,545 to €3,585
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 | €64,893 | €72,707 | +€7,814 | +12.0% |
| Fixed assets | 21/28 | €60,704 | €71,954 | +€11,250 | +18.5% |
| Tangible fixed assets | 22/27 | €60,704 | €71,954 | +€11,250 | +18.5% |
| Land and buildings | 22 | €60,704 | €60,704 | = | 0.0% |
| Furniture and vehicles | 24 | - | €11,250 | +€11,250 | |
| Current assets | 29/58 | €4,189 | €753 | -€3,436 | -82.0% |
| Amounts receivable after more than one year | 29 | €76 | - | -€76 | |
| Other amounts receivable | 291 | €76 | - | -€76 | |
| Stocks and contracts in progress | 3 | €3,698 | €134 | -€3,564 | -96.4% |
| Stocks | 30/36 | €3,698 | €134 | -€3,564 | -96.4% |
| Amounts receivable within one year | 40/41 | - | €550 | +€550 | |
| Trade receivables | 40 | - | €550 | +€550 | |
| Cash at bank and in hand | 54/58 | €415 | €69 | -€346 | -83.4% |
| Total equity and liabilities | 10/49 | €64,893 | €72,707 | +€7,814 | +12.0% |
| Equity | 10/15 | €51,756 | €50,814 | -€942 | -1.8% |
| Contributions | 10/11 | €27,068 | €27,068 | = | 0.0% |
| Reserves | 13 | €24,688 | €23,746 | -€942 | -3.8% |
| Distributable reserves | 133 | €24,688 | €23,746 | -€942 | -3.8% |
| Amounts payable | 17/49 | €13,137 | €21,893 | +€8,756 | +66.7% |
| Amounts payable within one year | 42/48 | €12,586 | €21,893 | +€9,307 | +73.9% |
| Financial debts | 43 | €10,005 | - | -€10,005 | |
| Other loans | 439 | €10,005 | - | -€10,005 | |
| Taxes, remuneration and social security | 45 | €266 | - | -€266 | |
| Taxes | 450/3 | €266 | - | -€266 | |
| Other amounts payable | 47/48 | €2,315 | €21,893 | +€19,578 | +846% |
| Accrued charges and deferred income | 492/3 | €551 | - | -€551 | |
| Turnover | 70 | €528 | €9,328 | +€8,800 | +1,667% |
| Non-recurring operating income | 76A | - | €2,088 | +€2,088 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,937 | €11,521 | +€1,584 | +15.9% |
| Other operating charges | 640/8 | €2,545 | €3,585 | +€1,040 | +40.9% |
| Gross operating margin | 9900 | -€6,209 | -€105 | +€6,104 | +98.3% |
| Operating profit (loss) | 9901 | -€8,754 | -€3,690 | +€5,064 | +57.8% |
| Financial income | 75/76B | €3 | €3,398 | +€3,395 | +113,167% |
| Recurring financial income | 75 | €3 | €3,398 | +€3,395 | +113,167% |
| Non-recurring financial income | 76B | - | €3,398 | +€3,398 | |
| Financial charges | 65/66B | €624 | €650 | +€26 | +4.2% |
| Recurring financial charges | 65 | €624 | €650 | +€26 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,375 | -€942 | +€8,433 | +90.0% |
| Profit (loss) for the period | 9904 | -€9,375 | -€942 | +€8,433 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,375 | -€942 | +€8,433 | +90.0% |
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 23 October 2026 via checked.be.