ARS ANALYTICA: 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.
ARS ANALYTICA
Largest movements
- Cash -€59,910
down €59,910 (-86.1%), from €69,552 to €9,643
mainly Investment in fixed assets (net) (-€44,370) and Receivables within one year (-€14,224)
- Tangible fixed assets +€36,718
up €36,718 (+1,499%), from €2,450 to €39,168
- Receivables within one year +€14,224
up €14,224 (+228%), from €6,249 to €20,473
of which Trade receivables: +€11,381
- Tax, wage and social debts -€12,582
down €12,582 (-54.1%), from €23,270 to €10,688
- Profit (loss) carried forward +€4,959
up €4,959 (+9.8%), from €50,525 to €55,484
- Trade debts -€1,024
down €1,024 (-56.8%), from €1,804 to €780
- Gross operating margin -€55,029
down €55,029 (-76.4%), from €72,033 to €17,004
- Taxes -€11,954
down €11,954 (-82.6%), from €14,465 to €2,511
- Depreciation +€5,063
up €5,063 (+196%), from €2,589 to €7,651
- Financial charges -€2,880
down €2,880 (-69.9%), from €4,119 to €1,239
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 | €78,599 | €69,952 | -€8,648 | -11.0% |
| Fixed assets | 21/28 | €2,450 | €39,168 | +€36,718 | +1,499% |
| Tangible fixed assets | 22/27 | €2,450 | €39,168 | +€36,718 | +1,499% |
| Furniture and vehicles | 24 | €2,450 | €39,168 | +€36,718 | +1,499% |
| Current assets | 29/58 | €76,149 | €30,783 | -€45,366 | -59.6% |
| Amounts receivable within one year | 40/41 | €6,249 | €20,473 | +€14,224 | +228% |
| Trade receivables | 40 | €3,309 | €14,690 | +€11,381 | +344% |
| Other amounts receivable | 41 | €2,940 | €5,783 | +€2,843 | +96.7% |
| Cash at bank and in hand | 54/58 | €69,552 | €9,643 | -€59,910 | -86.1% |
| Deferred charges and accrued income | 490/1 | €348 | €668 | +€320 | +91.8% |
| Total equity and liabilities | 10/49 | €78,599 | €69,952 | -€8,648 | -11.0% |
| Equity | 10/15 | €53,525 | €58,484 | +€4,959 | +9.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,525 | €55,484 | +€4,959 | +9.8% |
| Amounts payable | 17/49 | €25,074 | €11,468 | -€13,606 | -54.3% |
| Amounts payable within one year | 42/48 | €25,074 | €11,468 | -€13,606 | -54.3% |
| Trade debts | 44 | €1,804 | €780 | -€1,024 | -56.8% |
| Suppliers | 440/4 | €1,804 | €780 | -€1,024 | -56.8% |
| Taxes, remuneration and social security | 45 | €23,270 | €10,688 | -€12,582 | -54.1% |
| Taxes | 450/3 | €23,270 | €10,688 | -€12,582 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,589 | €7,651 | +€5,063 | +196% |
| Other operating charges | 640/8 | €396 | €1,024 | +€628 | +158% |
| Gross operating margin | 9900 | €72,033 | €17,004 | -€55,029 | -76.4% |
| Operating profit (loss) | 9901 | €69,048 | €8,329 | -€60,719 | -87.9% |
| Financial income | 75/76B | €61 | €380 | +€319 | +521% |
| Recurring financial income | 75 | €61 | €380 | +€319 | +521% |
| Financial charges | 65/66B | €4,119 | €1,239 | -€2,880 | -69.9% |
| Recurring financial charges | 65 | €4,119 | €1,239 | -€2,880 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €64,990 | €7,470 | -€57,520 | -88.5% |
| Income taxes | 67/77 | €14,465 | €2,511 | -€11,954 | -82.6% |
| Profit (loss) for the period | 9904 | €50,525 | €4,959 | -€45,566 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,525 | €4,959 | -€45,566 | -90.2% |
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 15 October 2026 via checked.be.