Arrow Consultants: 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 Consultants
Largest movements
- Receivables within one year +€746,768
up €746,768 (+107%), from €696,600 to €1.4m
of which Trade receivables: +€561,802
- Cash +€587,866
up €587,866 (+45.5%), from €1.3m to €1.9m
mainly Net result for the year (+€1.2m) and Tax, wage and social debts (+€273,981)
- Intangible fixed assets -€99,859
down €99,859 (-16.0%), from €623,774 to €523,915
- Reserves +€1.2m
up €1.2m (+80.6%), from €1.4m to €2.6m
- Tax, wage and social debts +€273,981
up €273,981 (+90.0%), from €304,567 to €578,548
- Other debts -€159,403
down €159,403 (-17.8%), from €897,302 to €737,898
- Trade debts -€41,944
down €41,944 (-41.0%), from €102,305 to €60,360
- Gross operating margin +€542,707
up €542,707 (+40.8%), from €1.3m to €1.9m
- Taxes +€231,972
up €231,972 (+75.9%), from €305,743 to €537,714
- Financial charges +€48,229
up €48,229 (+212%), from €22,730 to €70,959
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 | €2,768,962 | €4,002,841 | +€1.2m | +44.6% |
| Fixed assets | 21/28 | €630,609 | €529,943 | -€100,666 | -16.0% |
| Intangible fixed assets | 21 | €623,774 | €523,915 | -€99,859 | -16.0% |
| Tangible fixed assets | 22/27 | €1,556 | €748 | -€808 | -51.9% |
| Furniture and vehicles | 24 | €1,556 | €748 | -€808 | -51.9% |
| Financial fixed assets | 28 | €5,280 | €5,280 | = | 0.0% |
| Current assets | 29/58 | €2,138,352 | €3,472,898 | +€1.3m | +62.4% |
| Amounts receivable within one year | 40/41 | €696,600 | €1,443,368 | +€746,768 | +107% |
| Trade receivables | 40 | €413,345 | €975,147 | +€561,802 | +136% |
| Other amounts receivable | 41 | €283,254 | €468,220 | +€184,966 | +65.3% |
| Current investments | 50/53 | €142,301 | €142,301 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,292,489 | €1,880,355 | +€587,866 | +45.5% |
| Deferred charges and accrued income | 490/1 | €6,962 | €6,874 | -€88 | -1.3% |
| Total equity and liabilities | 10/49 | €2,768,962 | €4,002,841 | +€1.2m | +44.6% |
| Equity | 10/15 | €1,464,788 | €2,626,035 | +€1.2m | +79.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,440,000 | €2,601,247 | +€1.2m | +80.6% |
| Distributable reserves | 133 | €1,440,000 | €2,601,247 | +€1.2m | +80.6% |
| Profit (loss) carried forward | 14 | €14,788 | €14,788 | -€0 | 0.0% |
| Amounts payable | 17/49 | €1,304,173 | €1,376,806 | +€72,633 | +5.6% |
| Amounts payable within one year | 42/48 | €1,304,173 | €1,376,806 | +€72,633 | +5.6% |
| Trade debts | 44 | €102,305 | €60,360 | -€41,944 | -41.0% |
| Suppliers | 440/4 | €102,305 | €60,360 | -€41,944 | -41.0% |
| Taxes, remuneration and social security | 45 | €304,567 | €578,548 | +€273,981 | +90.0% |
| Taxes | 450/3 | €304,567 | €578,548 | +€273,981 | +90.0% |
| Other amounts payable | 47/48 | €897,302 | €737,898 | -€159,403 | -17.8% |
| Remuneration, social security and pensions | 62 | €31 | €0 | -€31 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,877 | €100,666 | -€211 | -0.2% |
| Other operating charges | 640/8 | €1,327 | €1,325 | -€2 | -0.2% |
| Gross operating margin | 9900 | €1,329,205 | €1,871,911 | +€542,707 | +40.8% |
| Operating profit (loss) | 9901 | €1,226,969 | €1,769,920 | +€542,951 | +44.3% |
| Financial income | 75/76B | €16,291 | €0 | -€16,291 | -100.0% |
| Recurring financial income | 75 | €16,291 | €0 | -€16,291 | -100.0% |
| Financial charges | 65/66B | €22,730 | €70,959 | +€48,229 | +212% |
| Recurring financial charges | 65 | €22,730 | €70,959 | +€48,229 | +212% |
| Profit (loss) for the period before taxes | 9903 | €1,220,531 | €1,698,961 | +€478,430 | +39.2% |
| Income taxes | 67/77 | €305,743 | €537,714 | +€231,972 | +75.9% |
| Profit (loss) for the period | 9904 | €914,788 | €1,161,247 | +€246,459 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €914,788 | €1,161,247 | +€246,459 | +26.9% |
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 14 October 2026 via checked.be.