ARS ENGINEERING: 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 ENGINEERING
Largest movements
- Cash -€26,814
down €26,814 (-61.1%), from €43,875 to €17,061
mainly Tax, wage and social debts (-€13,852) and Net result for the year (-€12,971)
- Tangible fixed assets -€7,104
down €7,104 (-33.5%), from €21,185 to €14,081
of which Plant, machinery and equipment: -€5,837
- Receivables within one year +€2,048
up €2,048 (+13.4%), from €15,301 to €17,349
of which Other amounts receivable: +€16,934
- Profit (loss) carried forward -€111,308
down €111,308 (-80.7%), from €137,925 to €26,617
- Reserves +€98,337
new in 2025: €98,337
- Tax, wage and social debts -€13,852
down €13,852 (-97.4%), from €14,216 to €364
- Trade debts -€5,459
down €5,459 (-66.3%), from €8,232 to €2,773
- Gross operating margin -€69,905
down €69,905 (-83.4%), from €83,796 to €13,892
- Taxes -€14,172
down €14,172 (-99.7%), from €14,216 to €44
- Depreciation -€5,945
down €5,945 (-45.2%), from €13,149 to €7,204
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 | €162,373 | €130,091 | -€32,282 | -19.9% |
| Fixed assets | 21/28 | €21,185 | €14,081 | -€7,104 | -33.5% |
| Tangible fixed assets | 22/27 | €21,185 | €14,081 | -€7,104 | -33.5% |
| Plant, machinery and equipment | 23 | €10,445 | €4,609 | -€5,837 | -55.9% |
| Furniture and vehicles | 24 | €10,740 | €9,473 | -€1,267 | -11.8% |
| Current assets | 29/58 | €141,188 | €116,009 | -€25,178 | -17.8% |
| Amounts receivable after more than one year | 29 | €81,599 | €81,599 | = | 0.0% |
| Trade receivables | 290 | - | €81,599 | +€81,599 | |
| Other amounts receivable | 291 | €81,599 | - | -€81,599 | |
| Amounts receivable within one year | 40/41 | €15,301 | €17,349 | +€2,048 | +13.4% |
| Trade receivables | 40 | €14,886 | - | -€14,886 | |
| Other amounts receivable | 41 | €415 | €17,349 | +€16,934 | +4079.0% |
| Cash at bank and in hand | 54/58 | €43,875 | €17,061 | -€26,814 | -61.1% |
| Deferred charges and accrued income | 490/1 | €412 | - | -€412 | |
| Total equity and liabilities | 10/49 | €162,373 | €130,091 | -€32,282 | -19.9% |
| Equity | 10/15 | €139,925 | €126,954 | -€12,971 | -9.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €98,337 | +€98,337 | |
| Distributable reserves | 133 | - | €98,337 | +€98,337 | |
| Profit (loss) carried forward | 14 | €137,925 | €26,617 | -€111,308 | -80.7% |
| Amounts payable | 17/49 | €22,447 | €3,137 | -€19,311 | -86.0% |
| Amounts payable within one year | 42/48 | €22,447 | €3,137 | -€19,311 | -86.0% |
| Trade debts | 44 | €8,232 | €2,773 | -€5,459 | -66.3% |
| Suppliers | 440/4 | €8,232 | €2,773 | -€5,459 | -66.3% |
| Taxes, remuneration and social security | 45 | €14,216 | €364 | -€13,852 | -97.4% |
| Taxes | 450/3 | €14,216 | €364 | -€13,852 | -97.4% |
| Remuneration, social security and pensions | 62 | €935 | €340 | -€595 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,149 | €7,204 | -€5,945 | -45.2% |
| Other operating charges | 640/8 | €318 | €1,023 | +€705 | +221.9% |
| Non-recurring operating charges | 66A | - | €18,900 | +€18,900 | |
| Gross operating margin | 9900 | €83,796 | €13,892 | -€69,905 | -83.4% |
| Operating profit (loss) | 9901 | €69,394 | -€13,576 | -€82,970 | |
| Financial income | 75/76B | €9 | €819 | +€810 | +8810.7% |
| Recurring financial income | 75 | €9 | €819 | +€810 | +8810.7% |
| Financial charges | 65/66B | €147 | €170 | +€24 | +16.1% |
| Recurring financial charges | 65 | €147 | €170 | +€24 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €69,257 | -€12,927 | -€82,184 | |
| Income taxes | 67/77 | €14,216 | €44 | -€14,172 | -99.7% |
| Profit (loss) for the period | 9904 | €55,041 | -€12,971 | -€68,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,041 | -€12,971 | -€68,013 |
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 6 October 2026 via checked.be.