ARQAN: 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.
ARQAN
Largest movements
- Intangible fixed assets -€5,606
down €5,606 (-54.1%), from €10,357 to €4,751
- Receivables within one year +€3,553
up €3,553 (+19.3%), from €18,365 to €21,918
of which Other amounts receivable: +€2,995
- Tangible fixed assets -€1,811
down €1,811 (-62.3%), from €2,907 to €1,096
- Cash -€946
down €946 (-47.2%), from €2,006 to €1,060
mainly Net result for the year (-€17,152) and Receivables within one year (-€3,553)
- Profit (loss) carried forward -€17,152
down €17,152 (-6.2%), from -€275,553 to -€292,705
- Other debts +€5,615
up €5,615 (+2.4%), from €238,190 to €243,805
- Debts after one year +€5,000
up €5,000 (+5.6%), from €88,987 to €93,987
- Trade debts +€2,562
up €2,562 (+815.7%), from €314 to €2,876
- Accrued charges and deferred income -€844
down €844 (-100.0%), from €844 to €0
- Write-downs -€17,872
down €17,872 (-99.9%), from €17,890 to €18
- Gross operating margin +€8,934
up €8,934 (+50.8%), from -€17,574 to -€8,640
- Other operating charges +€296
up €296 (+45.7%), from €649 to €945
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 | €72,782 | €67,963 | -€4,819 | -6.6% |
| Fixed assets | 21/28 | €13,264 | €5,848 | -€7,417 | -55.9% |
| Intangible fixed assets | 21 | €10,357 | €4,751 | -€5,606 | -54.1% |
| Tangible fixed assets | 22/27 | €2,907 | €1,096 | -€1,811 | -62.3% |
| Furniture and vehicles | 24 | €2,907 | €1,096 | -€1,811 | -62.3% |
| Current assets | 29/58 | €59,518 | €62,116 | +€2,598 | +4.4% |
| Stocks and contracts in progress | 3 | €39,137 | €39,137 | = | 0.0% |
| Stocks | 30/36 | €39,137 | €39,137 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,365 | €21,918 | +€3,553 | +19.3% |
| Trade receivables | 40 | €18 | €576 | +€558 | +3084.4% |
| Other amounts receivable | 41 | €18,347 | €21,342 | +€2,995 | +16.3% |
| Cash at bank and in hand | 54/58 | €2,006 | €1,060 | -€946 | -47.2% |
| Deferred charges and accrued income | 490/1 | €9 | €0 | -€9 | -100.0% |
| Total equity and liabilities | 10/49 | €72,782 | €67,963 | -€4,819 | -6.6% |
| Equity | 10/15 | -€255,553 | -€272,705 | -€17,152 | -6.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€275,553 | -€292,705 | -€17,152 | -6.2% |
| Amounts payable | 17/49 | €328,335 | €340,668 | +€12,334 | +3.8% |
| Amounts payable after more than one year | 17 | €88,987 | €93,987 | +€5,000 | +5.6% |
| Financial debts | 170/4 | €88,987 | €93,987 | +€5,000 | +5.6% |
| Amounts payable within one year | 42/48 | €238,505 | €246,682 | +€8,177 | +3.4% |
| Trade debts | 44 | €314 | €2,876 | +€2,562 | +815.7% |
| Suppliers | 440/4 | €314 | €2,876 | +€2,562 | +815.7% |
| Other amounts payable | 47/48 | €238,190 | €243,805 | +€5,615 | +2.4% |
| Accrued charges and deferred income | 492/3 | €844 | €0 | -€844 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,417 | €7,417 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,890 | €18 | -€17,872 | -99.9% |
| Other operating charges | 640/8 | €649 | €945 | +€296 | +45.7% |
| Gross operating margin | 9900 | -€17,574 | -€8,640 | +€8,934 | +50.8% |
| Operating profit (loss) | 9901 | -€43,529 | -€17,020 | +€26,509 | +60.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €132 | €132 | +€0 | +0.2% |
| Recurring financial charges | 65 | €132 | €132 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€43,661 | -€17,152 | +€26,509 | +60.7% |
| Profit (loss) for the period | 9904 | -€43,661 | -€17,152 | +€26,509 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,661 | -€17,152 | +€26,509 | +60.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.