ARROWPRINT: 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.
ARROWPRINT
Largest movements
- Stocks and contracts +€26,693
up €26,693 (+91.6%), from €29,139 to €55,832
- Tangible fixed assets +€16,239
up €16,239 (+1089.7%), from €1,490 to €17,729
- Receivables within one year +€8,225
up €8,225 (+1518.6%), from €542 to €8,766
of which Trade receivables: +€7,888
- Cash -€5,532
down €5,532 (-57.5%), from €9,616 to €4,084
mainly Stocks and contracts (-€26,693) and Investment in fixed assets (net) (-€22,500)
- Other debts +€33,695
up €33,695 (+79.6%), from €42,335 to €76,030
- Debts after one year +€19,025
new in 2025: €19,025
- Tax, wage and social debts -€9,075
down €9,075 (-56.4%), from €16,086 to €7,012
of which Remuneration and social security: -€11,855
- Current portion of long-term debt +€5,095
new in 2025: €5,095
- Profit (loss) carried forward -€3,316
down €3,316 (-9.2%), from -€36,168 to -€39,484
- Gross operating margin -€6,429
down €6,429 (-34.5%), from €18,625 to €12,197
- Depreciation +€5,055
up €5,055 (+419.1%), from €1,206 to €6,261
- Financial charges +€898
up €898 (+242.6%), from €370 to €1,268
- Other operating charges -€319
no longer reported in 2025 (was €319)
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 | €42,890 | €88,530 | +€45,640 | +106.4% |
| Fixed assets | 21/28 | €3,290 | €19,529 | +€16,239 | +493.5% |
| Tangible fixed assets | 22/27 | €1,490 | €17,729 | +€16,239 | +1089.7% |
| Furniture and vehicles | 24 | €1,490 | €17,729 | +€16,239 | +1089.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €39,600 | €69,000 | +€29,401 | +74.2% |
| Stocks and contracts in progress | 3 | €29,139 | €55,832 | +€26,693 | +91.6% |
| Stocks | 30/36 | €29,139 | €55,832 | +€26,693 | +91.6% |
| Amounts receivable within one year | 40/41 | €542 | €8,766 | +€8,225 | +1518.6% |
| Trade receivables | 40 | €542 | €8,430 | +€7,888 | +1456.5% |
| Other amounts receivable | 41 | - | €337 | +€337 | |
| Cash at bank and in hand | 54/58 | €9,616 | €4,084 | -€5,532 | -57.5% |
| Deferred charges and accrued income | 490/1 | €303 | €318 | +€15 | +5.0% |
| Total equity and liabilities | 10/49 | €42,890 | €88,530 | +€45,640 | +106.4% |
| Equity | 10/15 | -€15,708 | -€19,024 | -€3,316 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,168 | -€39,484 | -€3,316 | -9.2% |
| Amounts payable | 17/49 | €58,598 | €107,554 | +€48,956 | +83.5% |
| Amounts payable after more than one year | 17 | - | €19,025 | +€19,025 | |
| Financial debts | 170/4 | - | €19,025 | +€19,025 | |
| Amounts payable within one year | 42/48 | €58,598 | €88,529 | +€29,931 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,095 | +€5,095 | |
| Trade debts | 44 | €177 | €393 | +€216 | +122.0% |
| Suppliers | 440/4 | €177 | €393 | +€216 | +122.0% |
| Taxes, remuneration and social security | 45 | €16,086 | €7,012 | -€9,075 | -56.4% |
| Taxes | 450/3 | €4,231 | €7,012 | +€2,780 | +65.7% |
| Remuneration and social security | 454/9 | €11,855 | - | -€11,855 | |
| Other amounts payable | 47/48 | €42,335 | €76,030 | +€33,695 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,206 | €6,261 | +€5,055 | +419.1% |
| Other operating charges | 640/8 | €319 | - | -€319 | |
| Non-recurring operating charges | 66A | - | €7,876 | +€7,876 | |
| Gross operating margin | 9900 | €18,625 | €12,197 | -€6,429 | -34.5% |
| Operating profit (loss) | 9901 | €17,100 | -€1,941 | -€19,041 | |
| Financial income | 75/76B | €13 | €37 | +€24 | +195.4% |
| Recurring financial income | 75 | €13 | €37 | +€24 | +195.4% |
| Financial charges | 65/66B | €370 | €1,268 | +€898 | +242.6% |
| Recurring financial charges | 65 | €370 | €1,268 | +€898 | +242.6% |
| Profit (loss) for the period before taxes | 9903 | €16,743 | -€3,171 | -€19,914 | |
| Income taxes | 67/77 | €139 | €145 | +€6 | +4.1% |
| Profit (loss) for the period | 9904 | €16,604 | -€3,316 | -€19,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,604 | -€3,316 | -€19,920 |
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 7 October 2026 via checked.be.