ARROW CONSULT: 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.
ARROW CONSULT
Largest movements
- Current investments +€11,736
up €11,736 (+61.8%), from €19,000 to €30,736
- Cash -€10,885
down €10,885 (-7.8%), from €140,433 to €129,548
mainly Contributions, distributions and other (-€117,448) and Current investments (-€11,736)
- Receivables within one year -€2,230
down €2,230 (-14.9%), from €14,935 to €12,705
of which Other amounts receivable: -€1,386
- Reserves -€69,039
down €69,039 (-58.8%), from €117,448 to €48,408
- Other debts +€65,475
up €65,475 (+187.1%), from €35,000 to €100,475
- Tax, wage and social debts +€2,525
up €2,525 (+18.2%), from €13,839 to €16,364
of which Taxes: +€2,525
- Gross operating margin +€2,983
up €2,983 (+5.0%), from €60,223 to €63,206
- Financial income +€1,519
up €1,519 (+212.0%), from €717 to €2,236
- Other operating charges +€1,004
up €1,004 (+116.9%), from €859 to €1,863
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 | €185,827 | €184,082 | -€1,746 | -0.9% |
| Fixed assets | 21/28 | €10,785 | €10,071 | -€714 | -6.6% |
| Tangible fixed assets | 22/27 | €10,785 | €10,071 | -€714 | -6.6% |
| Furniture and vehicles | 24 | €6,035 | €5,935 | -€100 | -1.7% |
| Other tangible fixed assets | 26 | €4,750 | €4,136 | -€614 | -12.9% |
| Current assets | 29/58 | €175,042 | €174,011 | -€1,032 | -0.6% |
| Amounts receivable within one year | 40/41 | €14,935 | €12,705 | -€2,230 | -14.9% |
| Trade receivables | 40 | €13,549 | €12,705 | -€844 | -6.2% |
| Other amounts receivable | 41 | €1,386 | €0 | -€1,386 | -100.0% |
| Current investments | 50/53 | €19,000 | €30,736 | +€11,736 | +61.8% |
| Cash at bank and in hand | 54/58 | €140,433 | €129,548 | -€10,885 | -7.8% |
| Deferred charges and accrued income | 490/1 | €675 | €1,021 | +€347 | +51.4% |
| Total equity and liabilities | 10/49 | €185,827 | €184,082 | -€1,746 | -0.9% |
| Equity | 10/15 | €134,291 | €65,251 | -€69,039 | -51.4% |
| Contributions | 10/11 | €16,843 | €16,843 | = | 0.0% |
| Reserves | 13 | €117,448 | €48,408 | -€69,039 | -58.8% |
| Distributable reserves | 133 | €117,448 | €48,408 | -€69,039 | -58.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,537 | €118,830 | +€67,293 | +130.6% |
| Amounts payable within one year | 42/48 | €50,247 | €118,830 | +€68,583 | +136.5% |
| Trade debts | 44 | €1,408 | €1,991 | +€583 | +41.4% |
| Suppliers | 440/4 | €1,408 | €1,991 | +€583 | +41.4% |
| Taxes, remuneration and social security | 45 | €13,839 | €16,364 | +€2,525 | +18.2% |
| Taxes | 450/3 | €11,968 | €14,493 | +€2,525 | +21.1% |
| Remuneration and social security | 454/9 | €1,871 | €1,871 | = | 0.0% |
| Other amounts payable | 47/48 | €35,000 | €100,475 | +€65,475 | +187.1% |
| Accrued charges and deferred income | 492/3 | €1,290 | €0 | -€1,290 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,932 | €2,305 | -€627 | -21.4% |
| Other operating charges | 640/8 | €859 | €1,863 | +€1,004 | +116.9% |
| Gross operating margin | 9900 | €60,223 | €63,206 | +€2,983 | +5.0% |
| Operating profit (loss) | 9901 | €56,432 | €59,038 | +€2,605 | +4.6% |
| Financial income | 75/76B | €717 | €2,236 | +€1,519 | +212.0% |
| Recurring financial income | 75 | €717 | €2,236 | +€1,519 | +212.0% |
| Financial charges | 65/66B | €81 | €324 | +€243 | +299.2% |
| Recurring financial charges | 65 | €81 | €324 | +€243 | +299.2% |
| Profit (loss) for the period before taxes | 9903 | €57,068 | €60,950 | +€3,882 | +6.8% |
| Income taxes | 67/77 | €12,286 | €12,541 | +€255 | +2.1% |
| Profit (loss) for the period | 9904 | €44,782 | €48,408 | +€3,627 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,782 | €48,408 | +€3,627 | +8.1% |
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 9 October 2026 via checked.be.