ARS VENARI: 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 VENARI
Largest movements
- Receivables within one year +€11,374
up €11,374 (+193%), from €5,909 to €17,283
of which Trade receivables: +€11,334
- Cash -€4,381
down €4,381 (-13.0%), from €33,599 to €29,218
mainly Receivables within one year (-€11,374) and Debts after one year (-€2,978)
- Tangible fixed assets -€2,464
down €2,464 (-2.8%), from €87,147 to €84,683
of which Land and buildings: -€2,238
- Deferred charges and accrued income -€1,561
down €1,561 (-78.1%), from €1,998 to €437
- Profit (loss) carried forward +€3,873
up €3,873 (+14.3%), from -€27,010 to -€23,137
- Debts after one year -€2,978
no longer reported in 2025 (was €2,978)
- Other debts +€2,371
up €2,371 (+11.2%), from €21,127 to €23,498
- Advances received -€2,178
no longer reported in 2025 (was €2,178)
- Trade debts +€1,749
up €1,749 (+29.4%), from €5,948 to €7,697
- Gross operating margin -€6,616
down €6,616 (-45.3%), from €14,601 to €7,986
- Depreciation -€750
down €750 (-23.3%), from €3,214 to €2,464
- Financial charges -€279
down €279 (-72.2%), from €387 to €108
- Other operating charges +€226
up €226 (+17.2%), from €1,315 to €1,540
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 | €128,653 | €131,620 | +€2,967 | +2.3% |
| Fixed assets | 21/28 | €87,147 | €84,683 | -€2,464 | -2.8% |
| Tangible fixed assets | 22/27 | €87,147 | €84,683 | -€2,464 | -2.8% |
| Land and buildings | 22 | €86,412 | €84,174 | -€2,238 | -2.6% |
| Plant, machinery and equipment | 23 | €735 | €509 | -€226 | -30.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €41,506 | €46,937 | +€5,431 | +13.1% |
| Amounts receivable within one year | 40/41 | €5,909 | €17,283 | +€11,374 | +193% |
| Trade receivables | 40 | €5,909 | €17,243 | +€11,334 | +192% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €33,599 | €29,218 | -€4,381 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,998 | €437 | -€1,561 | -78.1% |
| Total equity and liabilities | 10/49 | €128,653 | €131,620 | +€2,967 | +2.3% |
| Equity | 10/15 | €94,990 | €98,863 | +€3,873 | +4.1% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,010 | -€23,137 | +€3,873 | +14.3% |
| Amounts payable | 17/49 | €33,663 | €32,757 | -€906 | -2.7% |
| Amounts payable after more than one year | 17 | €2,978 | - | -€2,978 | |
| Financial debts | 170/4 | €2,978 | - | -€2,978 | |
| Amounts payable within one year | 42/48 | €30,685 | €32,757 | +€2,071 | +6.8% |
| Trade debts | 44 | €5,948 | €7,697 | +€1,749 | +29.4% |
| Suppliers | 440/4 | €5,948 | €7,697 | +€1,749 | +29.4% |
| Advances received on contracts in progress | 46 | €2,178 | - | -€2,178 | |
| Taxes, remuneration and social security | 45 | €1,432 | €1,562 | +€130 | +9.1% |
| Taxes | 450/3 | €1,432 | €1,562 | +€130 | +9.1% |
| Other amounts payable | 47/48 | €21,127 | €23,498 | +€2,371 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,214 | €2,464 | -€750 | -23.3% |
| Other operating charges | 640/8 | €1,315 | €1,540 | +€226 | +17.2% |
| Gross operating margin | 9900 | €14,601 | €7,986 | -€6,616 | -45.3% |
| Operating profit (loss) | 9901 | €10,073 | €3,981 | -€6,091 | -60.5% |
| Financial income | 75/76B | €121 | - | -€121 | |
| Recurring financial income | 75 | €121 | - | -€121 | |
| Financial charges | 65/66B | €387 | €108 | -€279 | -72.2% |
| Recurring financial charges | 65 | €387 | €108 | -€279 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €9,807 | €3,873 | -€5,933 | -60.5% |
| Profit (loss) for the period | 9904 | €9,807 | €3,873 | -€5,933 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,807 | €3,873 | -€5,933 | -60.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.