ARS ENERGY: 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 ENERGY
Largest movements
- Tangible fixed assets +€12,096
up €12,096 (+3428.4%), from €353 to €12,449
- Receivables within one year +€5,393
up €5,393 (+6.9%), from €77,971 to €83,364
of which Other amounts receivable: +€25,048
- Trade debts +€45,092
new in 2025: €45,092
of which Bills of exchange payable: +€38,590
- Other debts -€26,355
no longer reported in 2025 (was €26,355)
- Tax, wage and social debts -€4,978
down €4,978 (-40.0%), from €12,454 to €7,476
- Profit (loss) carried forward +€4,228
up €4,228 (+20.7%), from €20,427 to €24,655
- Gross operating margin -€18,661
down €18,661 (-67.8%), from €27,505 to €8,844
- Other operating charges -€7,985
down €7,985 (-89.6%), from €8,907 to €922
- Financial charges -€1,592
down €1,592 (-92.3%), from €1,726 to €134
- Taxes +€849
up €849 (+94.3%), from €901 to €1,750
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 | €79,697 | €97,684 | +€17,987 | +22.6% |
| Fixed assets | 21/28 | €353 | €12,449 | +€12,096 | +3428.4% |
| Tangible fixed assets | 22/27 | €353 | €12,449 | +€12,096 | +3428.4% |
| Furniture and vehicles | 24 | €353 | €12,449 | +€12,096 | +3428.4% |
| Current assets | 29/58 | €79,344 | €85,235 | +€5,890 | +7.4% |
| Amounts receivable within one year | 40/41 | €77,971 | €83,364 | +€5,393 | +6.9% |
| Trade receivables | 40 | €19,656 | - | -€19,656 | |
| Other amounts receivable | 41 | €58,315 | €83,364 | +€25,048 | +43.0% |
| Cash at bank and in hand | 54/58 | €1,077 | €1,871 | +€794 | +73.8% |
| Deferred charges and accrued income | 490/1 | €296 | - | -€296 | |
| Total equity and liabilities | 10/49 | €79,697 | €97,684 | +€17,987 | +22.6% |
| Equity | 10/15 | €40,887 | €45,115 | +€4,228 | +10.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,427 | €24,655 | +€4,228 | +20.7% |
| Amounts payable | 17/49 | €38,810 | €52,568 | +€13,759 | +35.5% |
| Amounts payable within one year | 42/48 | €38,810 | €52,568 | +€13,759 | +35.5% |
| Trade debts | 44 | - | €45,092 | +€45,092 | |
| Suppliers | 440/4 | - | €6,502 | +€6,502 | |
| Bills of exchange payable | 441 | - | €38,590 | +€38,590 | |
| Taxes, remuneration and social security | 45 | €12,454 | €7,476 | -€4,978 | -40.0% |
| Taxes | 450/3 | €12,454 | €7,476 | -€4,978 | -40.0% |
| Other amounts payable | 47/48 | €26,355 | - | -€26,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,596 | €1,810 | +€214 | +13.4% |
| Other operating charges | 640/8 | €8,907 | €922 | -€7,985 | -89.6% |
| Gross operating margin | 9900 | €27,505 | €8,844 | -€18,661 | -67.8% |
| Operating profit (loss) | 9901 | €17,001 | €6,112 | -€10,889 | -64.1% |
| Financial charges | 65/66B | €1,726 | €134 | -€1,592 | -92.3% |
| Recurring financial charges | 65 | €1,726 | €134 | -€1,592 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €15,275 | €5,978 | -€9,297 | -60.9% |
| Income taxes | 67/77 | €901 | €1,750 | +€849 | +94.3% |
| Profit (loss) for the period | 9904 | €14,375 | €4,228 | -€10,146 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,375 | €4,228 | -€10,146 | -70.6% |
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 5 October 2026 via checked.be.