ARS METIENDI: what changed
Two financial 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 METIENDI
Largest movements
- Cash +€15,999
up €15,999 (+15.1%), from €105,734 to €121,733
mainly Net result for the year (+€12,898) and Trade debts (+€6,566)
- Tangible fixed assets -€6,208
down €6,208 (-32.5%), from €19,122 to €12,914
of which Plant, machinery and equipment: -€3,987
- Receivables within one year +€4,196
up €4,196 (+6.7%), from €62,635 to €66,831
of which Trade receivables: +€10,132
- Reserves +€12,898
up €12,898 (+30.7%), from €42,044 to €54,942
of which Distributable reserves: +€12,898
- Trade debts +€6,566
up €6,566 (+563%), from €1,167 to €7,732
- Debts after one year -€6,325
no longer reported in 2025 (was €6,325)
- Tax, wage and social debts +€2,295
new in 2025: €2,295
of which Taxes: +€1,908
- Gross operating margin +€10,506
up €10,506 (+33.0%), from €31,816 to €42,322
- Taxes +€9,636
up €9,636 (+98.6%), from €9,769 to €19,405
- Staff costs +€1,856
new in 2025: €1,856
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.
Derived cash bridge
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 | €187,842 | €201,478 | +€13,637 | +7.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,122 | €12,914 | -€6,208 | -32.5% |
| Tangible fixed assets | 22/27 | €19,122 | €12,914 | -€6,208 | -32.5% |
| Land and buildings | 22 | €2,610 | €2,059 | -€551 | -21.1% |
| Plant, machinery and equipment | 23 | €14,833 | €10,846 | -€3,987 | -26.9% |
| Furniture and vehicles | 24 | €1,679 | €9 | -€1,670 | -99.5% |
| Current assets | 29/58 | €168,720 | €188,564 | +€19,845 | +11.8% |
| Amounts receivable within one year | 40/41 | €62,635 | €66,831 | +€4,196 | +6.7% |
| Trade receivables | 40 | €28,523 | €38,655 | +€10,132 | +35.5% |
| Other amounts receivable | 41 | €34,112 | €28,176 | -€5,936 | -17.4% |
| Cash at bank and in hand | 54/58 | €105,734 | €121,733 | +€15,999 | +15.1% |
| Deferred charges and accrued income | 490/1 | €350 | - | -€350 | |
| Total equity and liabilities | 10/49 | €187,842 | €201,478 | +€13,637 | +7.3% |
| Equity | 10/15 | €172,228 | €185,126 | +€12,898 | +7.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €42,044 | €54,942 | +€12,898 | +30.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €40,044 | €52,942 | +€12,898 | +32.2% |
| Profit (loss) carried forward | 14 | €117,684 | €117,684 | = | 0.0% |
| Amounts payable | 17/49 | €15,613 | €16,352 | +€739 | +4.7% |
| Amounts payable after more than one year | 17 | €6,325 | - | -€6,325 | |
| Financial debts | 170/4 | €6,325 | - | -€6,325 | |
| Amounts payable within one year | 42/48 | €9,289 | €16,352 | +€7,063 | +76.0% |
| Current portion of amounts payable after more than one year | 42 | €8,122 | €6,325 | -€1,797 | -22.1% |
| Trade debts | 44 | €1,167 | €7,732 | +€6,566 | +563% |
| Suppliers | 440/4 | €1,167 | €7,732 | +€6,566 | +563% |
| Taxes, remuneration and social security | 45 | - | €2,295 | +€2,295 | |
| Taxes | 450/3 | - | €1,908 | +€1,908 | |
| Remuneration and social security | 454/9 | - | €387 | +€387 | |
| Remuneration, social security and pensions | 62 | - | €1,856 | +€1,856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,305 | €6,208 | -€97 | -1.5% |
| Other operating charges | 640/8 | €1,192 | €1,244 | +€51 | +4.3% |
| Gross operating margin | 9900 | €31,816 | €42,322 | +€10,506 | +33.0% |
| Operating profit (loss) | 9901 | €24,319 | €33,014 | +€8,695 | +35.8% |
| Financial charges | 65/66B | €886 | €711 | -€175 | -19.8% |
| Recurring financial charges | 65 | €886 | €711 | -€175 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €23,433 | €32,303 | +€8,870 | +37.9% |
| Income taxes | 67/77 | €9,769 | €19,405 | +€9,636 | +98.6% |
| Profit (loss) for the period | 9904 | €13,664 | €12,898 | -€766 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,664 | €12,898 | -€766 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.