ARS HEATING: 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 HEATING
Largest movements
- Cash +€3,189
up €3,189 (+218.7%), from €1,458 to €4,647
mainly Other debts (+€1,507) and Trade debts (+€1,147)
- Receivables within one year +€1,532
up €1,532 (+63.3%), from €2,420 to €3,952
of which Trade receivables: +€2,173
- Tangible fixed assets -€851
down €851 (-26.8%), from €3,182 to €2,331
of which Plant, machinery and equipment: -€504
- Deferred charges and accrued income +€150
up €150 (+150.0%), from €100 to €250
- Other debts +€1,507
new in 2025: €1,507
- Trade debts +€1,147
up €1,147 (+563.1%), from €204 to €1,350
- Profit (loss) carried forward +€881
up €881 (+23.3%), from €3,781 to €4,662
- Tax, wage and social debts +€486
up €486 (+41.3%), from €1,175 to €1,661
- Gross operating margin -€2,567
down €2,567 (-46.4%), from €5,539 to €2,971
- Financial charges +€741
up €741 (+5890.7%), from €13 to €754
- Taxes -€690
down €690 (-58.7%), from €1,175 to €486
- Depreciation +€282
up €282 (+49.4%), from €570 to €851
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 | €7,160 | €11,180 | +€4,020 | +56.1% |
| Fixed assets | 21/28 | €3,182 | €2,331 | -€851 | -26.8% |
| Tangible fixed assets | 22/27 | €3,182 | €2,331 | -€851 | -26.8% |
| Plant, machinery and equipment | 23 | €1,609 | €1,105 | -€504 | -31.4% |
| Furniture and vehicles | 24 | €1,573 | €1,226 | -€347 | -22.0% |
| Current assets | 29/58 | €3,978 | €8,849 | +€4,871 | +122.4% |
| Amounts receivable within one year | 40/41 | €2,420 | €3,952 | +€1,532 | +63.3% |
| Trade receivables | 40 | - | €2,173 | +€2,173 | |
| Other amounts receivable | 41 | €2,420 | €1,779 | -€641 | -26.5% |
| Cash at bank and in hand | 54/58 | €1,458 | €4,647 | +€3,189 | +218.7% |
| Deferred charges and accrued income | 490/1 | €100 | €250 | +€150 | +150.0% |
| Total equity and liabilities | 10/49 | €7,160 | €11,180 | +€4,020 | +56.1% |
| Equity | 10/15 | €5,781 | €6,662 | +€881 | +15.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,781 | €4,662 | +€881 | +23.3% |
| Amounts payable | 17/49 | €1,379 | €4,518 | +€3,139 | +227.6% |
| Amounts payable within one year | 42/48 | €1,379 | €4,518 | +€3,139 | +227.6% |
| Trade debts | 44 | €204 | €1,350 | +€1,147 | +563.1% |
| Suppliers | 440/4 | €204 | €1,350 | +€1,147 | +563.1% |
| Taxes, remuneration and social security | 45 | €1,175 | €1,661 | +€486 | +41.3% |
| Taxes | 450/3 | €1,175 | €1,661 | +€486 | +41.3% |
| Other amounts payable | 47/48 | - | €1,507 | +€1,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €851 | +€282 | +49.4% |
| Gross operating margin | 9900 | €5,539 | €2,971 | -€2,567 | -46.4% |
| Operating profit (loss) | 9901 | €4,969 | €2,120 | -€2,849 | -57.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13 | €754 | +€741 | +5890.7% |
| Recurring financial charges | 65 | €13 | €754 | +€741 | +5890.7% |
| Profit (loss) for the period before taxes | 9903 | €4,956 | €1,366 | -€3,590 | -72.4% |
| Income taxes | 67/77 | €1,175 | €486 | -€690 | -58.7% |
| Profit (loss) for the period | 9904 | €3,781 | €881 | -€2,900 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,781 | €881 | -€2,900 | -76.7% |
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 28 September 2026 via checked.be.