ARRES: 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.
ARRES
Largest movements
- Deferred charges and accrued income +€20,000
new in 2025: €20,000
- Cash -€1,486
down €1,486 (-87.9%), from €1,690 to €204
mainly Deferred charges and accrued income (-€20,000)
- Profit (loss) carried forward +€18,120
no longer reported in 2025 (was -€18,120)
- Trade debts +€336
up €336 (+526.5%), from €64 to €400
- Gross operating margin +€20,036
up €20,036, from -€1,242 to €18,794
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 | €1,690 | €20,204 | +€18,514 | +1095.5% |
| Current assets | 29/58 | €1,690 | €20,204 | +€18,514 | +1095.5% |
| Cash at bank and in hand | 54/58 | €1,690 | €204 | -€1,486 | -87.9% |
| Deferred charges and accrued income | 490/1 | - | €20,000 | +€20,000 | |
| Total equity and liabilities | 10/49 | €1,690 | €20,204 | +€18,514 | +1095.5% |
| Equity | 10/15 | €774 | €18,953 | +€18,178 | +2347.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €302 | €361 | +€58 | +19.3% |
| Distributable reserves | 133 | €302 | €361 | +€58 | +19.3% |
| Profit (loss) carried forward | 14 | -€18,120 | - | +€18,120 | |
| Amounts payable | 17/49 | €916 | €1,252 | +€336 | +36.7% |
| Amounts payable within one year | 42/48 | €916 | €1,252 | +€336 | +36.7% |
| Trade debts | 44 | €64 | €400 | +€336 | +526.5% |
| Suppliers | 440/4 | €64 | €400 | +€336 | +526.5% |
| Other amounts payable | 47/48 | €852 | €852 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€1,242 | €18,794 | +€20,036 | |
| Operating profit (loss) | 9901 | -€1,692 | €18,332 | +€20,023 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -34.5% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -34.5% |
| Financial charges | 65/66B | €52 | €154 | +€102 | +196.2% |
| Recurring financial charges | 65 | €52 | €154 | +€102 | +196.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,743 | €18,178 | +€19,921 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -35.3% |
| Profit (loss) for the period | 9904 | -€1,743 | €18,178 | +€19,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,743 | €18,178 | +€19,921 |
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 10 October 2026 via checked.be.