ARS Drivers: 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 Drivers
Largest movements
- Tangible fixed assets +€30,617
up €30,617 (+123%), from €24,884 to €55,501
of which Furniture and vehicles: +€31,574
- Cash -€12,182
down €12,182 (-80.2%), from €15,189 to €3,007
mainly Investment in fixed assets (net) (-€47,835) and Trade debts (-€10,850)
- Receivables within one year -€6,906
down €6,906 (-28.0%), from €24,652 to €17,746
of which Other amounts receivable: -€8,191
- Profit (loss) carried forward +€20,167
up €20,167 (+107%), from €18,932 to €39,099
- Trade debts -€10,850
down €10,850 (-74.9%), from €14,484 to €3,634
- Tax, wage and social debts +€2,641
up €2,641 (+202%), from €1,309 to €3,950
of which Remuneration and social security: +€1,461
- Gross operating margin +€27,387
up €27,387 (+50.2%), from €54,586 to €81,973
- Financial income +€6,552
up €6,552 (+4,349%), from €151 to €6,703
of which Financial income: +€6,552
- Other operating charges +€5,316
up €5,316 (+324%), from €1,642 to €6,958
- Depreciation +€4,754
up €4,754 (+38.1%), from €12,463 to €17,217
- Staff costs -€2,558
down €2,558 (-8.9%), from €28,596 to €26,038
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 | €64,725 | €76,683 | +€11,958 | +18.5% |
| Fixed assets | 21/28 | €24,884 | €55,501 | +€30,617 | +123% |
| Tangible fixed assets | 22/27 | €24,884 | €55,501 | +€30,617 | +123% |
| Plant, machinery and equipment | 23 | €1,392 | €435 | -€957 | -68.7% |
| Furniture and vehicles | 24 | €23,492 | €55,066 | +€31,574 | +134% |
| Current assets | 29/58 | €39,841 | €21,182 | -€18,659 | -46.8% |
| Amounts receivable within one year | 40/41 | €24,652 | €17,746 | -€6,906 | -28.0% |
| Trade receivables | 40 | - | €1,284 | +€1,284 | |
| Other amounts receivable | 41 | €24,652 | €16,461 | -€8,191 | -33.2% |
| Cash at bank and in hand | 54/58 | €15,189 | €3,007 | -€12,182 | -80.2% |
| Deferred charges and accrued income | 490/1 | - | €429 | +€429 | |
| Total equity and liabilities | 10/49 | €64,725 | €76,683 | +€11,958 | +18.5% |
| Equity | 10/15 | €48,932 | €69,099 | +€20,167 | +41.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,932 | €39,099 | +€20,167 | +107% |
| Amounts payable | 17/49 | €15,793 | €7,584 | -€8,209 | -52.0% |
| Amounts payable within one year | 42/48 | €15,793 | €7,584 | -€8,209 | -52.0% |
| Trade debts | 44 | €14,484 | €3,634 | -€10,850 | -74.9% |
| Suppliers | 440/4 | €14,484 | €3,634 | -€10,850 | -74.9% |
| Taxes, remuneration and social security | 45 | €1,309 | €3,950 | +€2,641 | +202% |
| Taxes | 450/3 | €1,309 | €2,489 | +€1,180 | +90.1% |
| Remuneration and social security | 454/9 | - | €1,461 | +€1,461 | |
| Remuneration, social security and pensions | 62 | €28,596 | €26,038 | -€2,558 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,463 | €17,217 | +€4,754 | +38.1% |
| Other operating charges | 640/8 | €1,642 | €6,958 | +€5,316 | +324% |
| Non-recurring operating charges | 66A | - | €15,145 | +€15,145 | |
| Gross operating margin | 9900 | €54,586 | €81,973 | +€27,387 | +50.2% |
| Operating profit (loss) | 9901 | €11,885 | €16,614 | +€4,729 | +39.8% |
| Financial income | 75/76B | €151 | €6,703 | +€6,552 | +4,349% |
| Recurring financial income | 75 | €151 | €6,703 | +€6,552 | +4,349% |
| Non-recurring financial income | 76B | €151 | €6,703 | +€6,552 | +4,349% |
| Financial charges | 65/66B | €132 | €82 | -€50 | -38.0% |
| Recurring financial charges | 65 | €132 | €82 | -€50 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €11,903 | €23,235 | +€11,331 | +95.2% |
| Income taxes | 67/77 | €1,000 | €3,067 | +€2,067 | +207% |
| Profit (loss) for the period | 9904 | €10,903 | €20,167 | +€9,264 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,903 | €20,167 | +€9,264 | +85.0% |
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 19 October 2026 via checked.be.