ARS GROUP: 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 GROUP
Largest movements
- Cash +€55,571
up €55,571 (+1419.6%), from €3,914 to €59,485
mainly Other debts (+€54,469) and Debts after one year (+€36,155)
- Receivables within one year +€47,895
up €47,895 (+88.0%), from €54,447 to €102,342
of which Trade receivables: +€52,916
- Tangible fixed assets -€13,857
down €13,857 (-20.8%), from €66,512 to €52,655
of which Furniture and vehicles: -€11,822
- Other debts +€54,469
up €54,469 (+177193.4%), from €31 to €54,500
- Debts after one year +€36,155
new in 2025: €36,155
- Current portion of long-term debt +€22,638
new in 2025: €22,638
- Trade debts -€17,375
down €17,375 (-25.2%), from €68,940 to €51,565
- Tax, wage and social debts -€10,330
down €10,330 (-88.0%), from €11,743 to €1,413
of which Taxes: -€10,330
- Gross operating margin -€27,121
down €27,121 (-52.1%), from €52,030 to €24,909
- Staff costs -€15,927
no longer reported in 2025 (was €15,927)
- Depreciation +€4,731
up €4,731 (+44.7%), from €10,579 to €15,310
- Taxes -€3,131
down €3,131 (-75.6%), from €4,144 to €1,013
- Other operating charges -€3,130
down €3,130 (-77.3%), from €4,049 to €919
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 | €124,873 | €214,482 | +€89,609 | +71.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €66,512 | €52,655 | -€13,857 | -20.8% |
| Tangible fixed assets | 22/27 | €66,512 | €52,655 | -€13,857 | -20.8% |
| Plant, machinery and equipment | 23 | €12,018 | €9,984 | -€2,035 | -16.9% |
| Furniture and vehicles | 24 | €54,494 | €42,672 | -€11,822 | -21.7% |
| Current assets | 29/58 | €58,361 | €161,827 | +€103,466 | +177.3% |
| Amounts receivable within one year | 40/41 | €54,447 | €102,342 | +€47,895 | +88.0% |
| Trade receivables | 40 | €40,396 | €93,312 | +€52,916 | +131.0% |
| Other amounts receivable | 41 | €14,051 | €9,030 | -€5,021 | -35.7% |
| Cash at bank and in hand | 54/58 | €3,914 | €59,485 | +€55,571 | +1419.6% |
| Total equity and liabilities | 10/49 | €124,873 | €214,482 | +€89,609 | +71.8% |
| Equity | 10/15 | €44,159 | €48,211 | +€4,052 | +9.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,159 | €44,211 | +€4,052 | +10.1% |
| Amounts payable | 17/49 | €80,714 | €166,271 | +€85,557 | +106.0% |
| Amounts payable after more than one year | 17 | - | €36,155 | +€36,155 | |
| Financial debts | 170/4 | - | €36,155 | +€36,155 | |
| Amounts payable within one year | 42/48 | €80,714 | €130,116 | +€49,402 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | - | €22,638 | +€22,638 | |
| Trade debts | 44 | €68,940 | €51,565 | -€17,375 | -25.2% |
| Suppliers | 440/4 | €68,940 | €51,565 | -€17,375 | -25.2% |
| Taxes, remuneration and social security | 45 | €11,743 | €1,413 | -€10,330 | -88.0% |
| Taxes | 450/3 | €11,743 | €1,413 | -€10,330 | -88.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €31 | €54,500 | +€54,469 | +177193.4% |
| Non-recurring operating income | 76A | €5,372 | - | -€5,372 | |
| Remuneration, social security and pensions | 62 | €15,927 | - | -€15,927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,579 | €15,310 | +€4,731 | +44.7% |
| Other operating charges | 640/8 | €4,049 | €919 | -€3,130 | -77.3% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €52,030 | €24,909 | -€27,121 | -52.1% |
| Operating profit (loss) | 9901 | €21,475 | €8,681 | -€12,794 | -59.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €753 | €3,617 | +€2,864 | +380.3% |
| Recurring financial charges | 65 | €753 | €3,617 | +€2,864 | +380.3% |
| Profit (loss) for the period before taxes | 9903 | €20,722 | €5,065 | -€15,657 | -75.6% |
| Income taxes | 67/77 | €4,144 | €1,013 | -€3,131 | -75.6% |
| Profit (loss) for the period | 9904 | €16,577 | €4,052 | -€12,525 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,577 | €4,052 | -€12,525 | -75.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.