ARS Façade: 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 Façade
Largest movements
- Tangible fixed assets -€27,038
down €27,038 (-30.4%), from €88,888 to €61,849
of which Furniture and vehicles: -€20,097
- Cash +€14,310
up €14,310 (+25.6%), from €55,951 to €70,261
mainly Net result for the year (+€27,913) and Depreciation (+€27,692)
- Receivables within one year +€5,627
up €5,627 (+13.6%), from €41,324 to €46,951
of which Trade receivables: +€9,476
- Trade debts +€20,417
up €20,417 (+129.3%), from €15,790 to €36,207
- Debts after one year -€15,463
down €15,463 (-69.4%), from €22,297 to €6,834
- Profit (loss) carried forward -€7,382
down €7,382 (-6.8%), from €109,305 to €101,924
- Other debts -€3,529
down €3,529 (-100.0%), from €3,529 to €0
- Purchases and services -€362,569
no longer reported in 2025 (was €362,569)
- Gross operating margin -€41,824
down €41,824 (-33.7%), from €123,984 to €82,160
- Depreciation +€7,007
up €7,007 (+33.9%), from €20,685 to €27,692
- Other operating charges -€4,600
down €4,600 (-75.8%), from €6,068 to €1,468
- Staff costs +€1,705
up €1,705 (+199.3%), from €856 to €2,561
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 | €190,122 | €182,934 | -€7,188 | -3.8% |
| Fixed assets | 21/28 | €88,888 | €61,849 | -€27,038 | -30.4% |
| Tangible fixed assets | 22/27 | €88,888 | €61,849 | -€27,038 | -30.4% |
| Plant, machinery and equipment | 23 | €4,956 | €2,762 | -€2,193 | -44.3% |
| Furniture and vehicles | 24 | €72,225 | €52,128 | -€20,097 | -27.8% |
| Leasing and similar rights | 25 | €11,707 | €6,959 | -€4,748 | -40.6% |
| Current assets | 29/58 | €101,234 | €121,085 | +€19,850 | +19.6% |
| Amounts receivable within one year | 40/41 | €41,324 | €46,951 | +€5,627 | +13.6% |
| Trade receivables | 40 | €29,574 | €39,050 | +€9,476 | +32.0% |
| Other amounts receivable | 41 | €11,749 | €7,900 | -€3,849 | -32.8% |
| Cash at bank and in hand | 54/58 | €55,951 | €70,261 | +€14,310 | +25.6% |
| Deferred charges and accrued income | 490/1 | €3,960 | €3,873 | -€86 | -2.2% |
| Total equity and liabilities | 10/49 | €190,122 | €182,934 | -€7,188 | -3.8% |
| Equity | 10/15 | €111,805 | €104,424 | -€7,382 | -6.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,305 | €101,924 | -€7,382 | -6.8% |
| Amounts payable | 17/49 | €78,317 | €78,510 | +€194 | +0.2% |
| Amounts payable after more than one year | 17 | €22,297 | €6,834 | -€15,463 | -69.4% |
| Financial debts | 170/4 | €22,297 | €6,834 | -€15,463 | -69.4% |
| Amounts payable within one year | 42/48 | €55,657 | €70,935 | +€15,278 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €16,322 | €15,463 | -€858 | -5.3% |
| Trade debts | 44 | €15,790 | €36,207 | +€20,417 | +129.3% |
| Suppliers | 440/4 | €15,790 | €36,207 | +€20,417 | +129.3% |
| Taxes, remuneration and social security | 45 | €20,016 | €19,265 | -€751 | -3.8% |
| Taxes | 450/3 | €20,016 | €14,765 | -€5,251 | -26.2% |
| Remuneration and social security | 454/9 | €0 | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €3,529 | €0 | -€3,529 | -100.0% |
| Accrued charges and deferred income | 492/3 | €363 | €742 | +€379 | +104.5% |
| Non-recurring operating income | 76A | €330 | - | -€330 | |
| Goods, raw materials, services and sundry goods | 60/61 | €362,569 | - | -€362,569 | |
| Remuneration, social security and pensions | 62 | €856 | €2,561 | +€1,705 | +199.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,685 | €27,692 | +€7,007 | +33.9% |
| Other operating charges | 640/8 | €6,068 | €1,468 | -€4,600 | -75.8% |
| Non-recurring operating charges | 66A | €36 | - | -€36 | |
| Gross operating margin | 9900 | €123,984 | €82,160 | -€41,824 | -33.7% |
| Operating profit (loss) | 9901 | €96,340 | €50,439 | -€45,900 | -47.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.4% |
| Financial charges | 65/66B | €2,766 | €3,892 | +€1,126 | +40.7% |
| Recurring financial charges | 65 | €2,766 | €3,892 | +€1,126 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €93,576 | €46,548 | -€47,028 | -50.3% |
| Income taxes | 67/77 | €16,997 | €18,635 | +€1,638 | +9.6% |
| Profit (loss) for the period | 9904 | €76,579 | €27,913 | -€48,666 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,579 | €27,913 | -€48,666 | -63.6% |
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 8 October 2026 via checked.be.