ARS BUSINESS: 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.
ARS BUSINESS
Largest movements
- Cash +€16,915
up €16,915 (+1079.3%), from €1,567 to €18,483
mainly Debts after one year (+€42,214) and Net result for the year (+€10,473)
- Tangible fixed assets +€13,251
up €13,251 (+201.8%), from €6,567 to €19,817
- Receivables within one year -€7,297
down €7,297 (-33.4%), from €21,870 to €14,573
of which Trade receivables: -€10,264
- Stocks and contracts -€6,001
down €6,001 (-5.4%), from €110,447 to €104,447
- Debts after one year +€42,214
new in 2025: €42,214
of which Other amounts payable: +€26,950
- Contributions -€29,000
down €29,000 (-36.7%), from €79,000 to €50,000
- Profit (loss) carried forward +€10,473
up €10,473 (+74.7%), from €14,020 to €24,493
- Trade debts -€5,842
no longer reported in 2025 (was €5,842)
- Other debts -€4,025
down €4,025 (-10.1%), from €39,990 to €35,965
- Purchases and services +€191,565
up €191,565 (+245.9%), from €77,906 to €269,471
- Turnover +€188,108
up €188,108 (+192.1%), from €97,909 to €286,018
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 | €142,751 | €159,620 | +€16,869 | +11.8% |
| Fixed assets | 21/28 | €8,867 | €22,117 | +€13,251 | +149.4% |
| Tangible fixed assets | 22/27 | €6,567 | €19,817 | +€13,251 | +201.8% |
| Furniture and vehicles | 24 | €6,567 | €19,817 | +€13,251 | +201.8% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €133,884 | €137,503 | +€3,618 | +2.7% |
| Stocks and contracts in progress | 3 | €110,447 | €104,447 | -€6,001 | -5.4% |
| Stocks | 30/36 | €110,447 | €104,447 | -€6,001 | -5.4% |
| Amounts receivable within one year | 40/41 | €21,870 | €14,573 | -€7,297 | -33.4% |
| Trade receivables | 40 | €11,404 | €1,140 | -€10,264 | -90.0% |
| Other amounts receivable | 41 | €10,466 | €13,433 | +€2,967 | +28.4% |
| Cash at bank and in hand | 54/58 | €1,567 | €18,483 | +€16,915 | +1079.3% |
| Total equity and liabilities | 10/49 | €142,751 | €159,620 | +€16,869 | +11.8% |
| Equity | 10/15 | €93,020 | €74,493 | -€18,527 | -19.9% |
| Contributions | 10/11 | €79,000 | €50,000 | -€29,000 | -36.7% |
| Profit (loss) carried forward | 14 | €14,020 | €24,493 | +€10,473 | +74.7% |
| Amounts payable | 17/49 | €49,731 | €85,127 | +€35,396 | +71.2% |
| Amounts payable after more than one year | 17 | - | €42,214 | +€42,214 | |
| Financial debts | 170/4 | - | €15,264 | +€15,264 | |
| Other amounts payable | 178/9 | - | €26,950 | +€26,950 | |
| Amounts payable within one year | 42/48 | €49,731 | €42,913 | -€6,818 | -13.7% |
| Trade debts | 44 | €5,842 | - | -€5,842 | |
| Suppliers | 440/4 | €5,842 | - | -€5,842 | |
| Taxes, remuneration and social security | 45 | €3,899 | €6,948 | +€3,049 | +78.2% |
| Taxes | 450/3 | €3,899 | €6,948 | +€3,049 | +78.2% |
| Other amounts payable | 47/48 | €39,990 | €35,965 | -€4,025 | -10.1% |
| Turnover | 70 | €97,909 | €286,018 | +€188,108 | +192.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €77,906 | €269,471 | +€191,565 | +245.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,003 | €2,050 | +€1,047 | +104.4% |
| Other operating charges | 640/8 | €2,011 | €2,216 | +€205 | +10.2% |
| Gross operating margin | 9900 | €21,132 | €18,857 | -€2,275 | -10.8% |
| Operating profit (loss) | 9901 | €18,118 | €14,592 | -€3,526 | -19.5% |
| Financial charges | 65/66B | €199 | €898 | +€700 | +352.4% |
| Recurring financial charges | 65 | €199 | €898 | +€700 | +352.4% |
| Profit (loss) for the period before taxes | 9903 | €17,919 | €13,694 | -€4,226 | -23.6% |
| Income taxes | 67/77 | €3,899 | €3,221 | -€678 | -17.4% |
| Profit (loss) for the period | 9904 | €14,020 | €10,473 | -€3,547 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,020 | €10,473 | -€3,547 | -25.3% |
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 3 October 2026 via checked.be.