Ars Salubris: 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 Salubris
Largest movements
- Tangible fixed assets -€15,600
down €15,600 (-12.1%), from €128,668 to €113,068
of which Land and buildings: -€12,436
- Receivables within one year -€8,158
down €8,158 (-84.3%), from €9,678 to €1,519
of which Trade receivables: -€8,103
- Cash +€5,134
up €5,134 (+33.4%), from €15,357 to €20,492
mainly Depreciation (+€15,600) and Net result for the year (+€10,118)
- Other debts -€18,585
down €18,585 (-22.9%), from €81,310 to €62,725
- Profit (loss) carried forward +€10,118
up €10,118 (+54.0%), from €18,722 to €28,839
- Accrued charges and deferred income -€8,157
down €8,157 (-91.0%), from €8,967 to €810
- Debts after one year -€5,231
down €5,231 (-35.5%), from €14,751 to €9,520
- Tax, wage and social debts +€1,819
up €1,819 (+330807.3%), from €1 to €1,820
- Depreciation +€4,276
up €4,276 (+37.8%), from €11,324 to €15,600
- Gross operating margin +€3,693
up €3,693 (+12.6%), from €29,261 to €32,954
- Taxes +€1,720
up €1,720 (+761.2%), from €226 to €1,947
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 | €153,703 | €135,079 | -€18,624 | -12.1% |
| Fixed assets | 21/28 | €128,668 | €113,068 | -€15,600 | -12.1% |
| Tangible fixed assets | 22/27 | €128,668 | €113,068 | -€15,600 | -12.1% |
| Land and buildings | 22 | €114,333 | €101,896 | -€12,436 | -10.9% |
| Plant, machinery and equipment | 23 | €544 | €404 | -€140 | -25.8% |
| Furniture and vehicles | 24 | €13,791 | €10,767 | -€3,023 | -21.9% |
| Current assets | 29/58 | €25,035 | €22,011 | -€3,024 | -12.1% |
| Amounts receivable within one year | 40/41 | €9,678 | €1,519 | -€8,158 | -84.3% |
| Trade receivables | 40 | €9,538 | €1,435 | -€8,103 | -85.0% |
| Other amounts receivable | 41 | €140 | €84 | -€55 | -39.7% |
| Cash at bank and in hand | 54/58 | €15,357 | €20,492 | +€5,134 | +33.4% |
| Total equity and liabilities | 10/49 | €153,703 | €135,079 | -€18,624 | -12.1% |
| Equity | 10/15 | €43,534 | €53,651 | +€10,118 | +23.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,220 | €6,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,652 | €2,652 | = | 0.0% |
| Distributable reserves | 133 | €3,568 | €3,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,722 | €28,839 | +€10,118 | +54.0% |
| Amounts payable | 17/49 | €110,169 | €81,428 | -€28,741 | -26.1% |
| Amounts payable after more than one year | 17 | €14,751 | €9,520 | -€5,231 | -35.5% |
| Financial debts | 170/4 | €14,751 | €9,520 | -€5,231 | -35.5% |
| Amounts payable within one year | 42/48 | €86,451 | €71,098 | -€15,353 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €5,141 | €5,231 | +€90 | +1.8% |
| Trade debts | 44 | - | €1,322 | +€1,322 | |
| Suppliers | 440/4 | - | €1,322 | +€1,322 | |
| Taxes, remuneration and social security | 45 | €1 | €1,820 | +€1,819 | +330807.3% |
| Taxes | 450/3 | €1 | €1,820 | +€1,819 | +330807.3% |
| Other amounts payable | 47/48 | €81,310 | €62,725 | -€18,585 | -22.9% |
| Accrued charges and deferred income | 492/3 | €8,967 | €810 | -€8,157 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,324 | €15,600 | +€4,276 | +37.8% |
| Other operating charges | 640/8 | €4,625 | €4,601 | -€25 | -0.5% |
| Gross operating margin | 9900 | €29,261 | €32,954 | +€3,693 | +12.6% |
| Operating profit (loss) | 9901 | €13,311 | €12,753 | -€558 | -4.2% |
| Financial income | 75/76B | €217 | €232 | +€15 | +7.0% |
| Recurring financial income | 75 | €217 | €232 | +€15 | +7.0% |
| Financial charges | 65/66B | €1,004 | €921 | -€83 | -8.3% |
| Recurring financial charges | 65 | €1,004 | €921 | -€83 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €12,523 | €12,064 | -€459 | -3.7% |
| Income taxes | 67/77 | €226 | €1,947 | +€1,720 | +761.2% |
| Profit (loss) for the period | 9904 | €12,297 | €10,118 | -€2,180 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,297 | €10,118 | -€2,180 | -17.7% |
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 8 October 2026 via checked.be.