ARS FLUCTUS: 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 FLUCTUS
Largest movements
- Cash +€17,712
up €17,712 (+131.9%), from €13,429 to €31,141
mainly Net result for the year (+€50,265) and Other debts (+€33,828)
- Current investments +€12,000
up €12,000 (+300.0%), from €4,000 to €16,000
- Receivables within one year -€6,021
no longer reported in 2025 (was €6,021)
- Tangible fixed assets -€3,523
down €3,523 (-57.3%), from €6,150 to €2,627
- Profit (loss) carried forward +€50,265
up €50,265, from -€42,672 to €7,594
- Provisions -€46,630
no longer reported in 2025 (was €46,630)
- Other debts +€33,828
new in 2025: €33,828
- Tax, wage and social debts -€11,913
down €11,913 (-73.1%), from €16,303 to €4,390
of which Taxes: -€11,913
- Trade debts -€5,924
down €5,924 (-80.7%), from €7,339 to €1,415
- Provisions -€93,260
down €93,260, from €46,630 to -€46,630
- Gross operating margin +€50,822
up €50,822 (+706.5%), from €7,193 to €58,016
- Financial charges +€48,099
up €48,099 (+16258.1%), from €296 to €48,395
- Depreciation +€2,104
up €2,104 (+148.3%), from €1,419 to €3,523
- Taxes +€861
up €861 (+69.8%), from €1,232 to €2,093
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 | €30,600 | €50,776 | +€20,176 | +65.9% |
| Fixed assets | 21/28 | €6,150 | €2,627 | -€3,523 | -57.3% |
| Tangible fixed assets | 22/27 | €6,150 | €2,627 | -€3,523 | -57.3% |
| Furniture and vehicles | 24 | €6,150 | €2,627 | -€3,523 | -57.3% |
| Current assets | 29/58 | €24,450 | €48,148 | +€23,699 | +96.9% |
| Amounts receivable within one year | 40/41 | €6,021 | - | -€6,021 | |
| Other amounts receivable | 41 | €6,021 | - | -€6,021 | |
| Current investments | 50/53 | €4,000 | €16,000 | +€12,000 | +300.0% |
| Cash at bank and in hand | 54/58 | €13,429 | €31,141 | +€17,712 | +131.9% |
| Deferred charges and accrued income | 490/1 | €999 | €1,007 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €30,600 | €50,776 | +€20,176 | +65.9% |
| Equity | 10/15 | -€39,672 | €10,594 | +€50,265 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,672 | €7,594 | +€50,265 | |
| Provisions and deferred taxes | 16 | €46,630 | - | -€46,630 | |
| Provisions for liabilities and charges | 160/5 | €46,630 | - | -€46,630 | |
| Other liabilities and charges | 164/5 | €46,630 | - | -€46,630 | |
| Amounts payable | 17/49 | €23,642 | €40,182 | +€16,540 | +70.0% |
| Amounts payable within one year | 42/48 | €23,642 | €39,632 | +€15,990 | +67.6% |
| Trade debts | 44 | €7,339 | €1,415 | -€5,924 | -80.7% |
| Suppliers | 440/4 | €7,339 | €1,415 | -€5,924 | -80.7% |
| Taxes, remuneration and social security | 45 | €16,303 | €4,390 | -€11,913 | -73.1% |
| Taxes | 450/3 | €13,973 | €2,060 | -€11,913 | -85.3% |
| Remuneration and social security | 454/9 | €2,330 | €2,330 | = | 0.0% |
| Other amounts payable | 47/48 | - | €33,828 | +€33,828 | |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,419 | €3,523 | +€2,104 | +148.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €46,630 | -€46,630 | -€93,260 | |
| Other operating charges | 640/8 | €288 | €480 | +€192 | +66.6% |
| Gross operating margin | 9900 | €7,193 | €58,016 | +€50,822 | +706.5% |
| Operating profit (loss) | 9901 | -€41,143 | €100,643 | +€141,786 | |
| Financial income | 75/76B | - | €111 | +€111 | |
| Recurring financial income | 75 | - | €111 | +€111 | |
| Financial charges | 65/66B | €296 | €48,395 | +€48,099 | +16258.1% |
| Recurring financial charges | 65 | €296 | €48,395 | +€48,099 | +16258.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,439 | €52,358 | +€93,797 | |
| Income taxes | 67/77 | €1,232 | €2,093 | +€861 | +69.8% |
| Profit (loss) for the period | 9904 | -€42,672 | €50,265 | +€92,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,672 | €50,265 | +€92,937 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.