ARSALAN: 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.
ARSALAN
Largest movements
- Cash +€25,089
up €25,089, from €0 to €25,089
mainly Receivables within one year (+€10,903) and Other debts (+€9,000)
- Receivables within one year -€10,903
down €10,903 (-51.2%), from €21,308 to €10,405
of which Other amounts receivable: -€10,706
- Tangible fixed assets -€905
down €905 (-3.6%), from €25,105 to €24,199
of which Land and buildings: -€3,528
- Other debts +€9,000
up €9,000 (+20708.7%), from €43 to €9,043
- Trade debts +€3,481
up €3,481, from €0 to €3,481
- Profit (loss) carried forward +€1,579
up €1,579 (+2.0%), from -€77,493 to -€75,914
- Accrued charges and deferred income -€780
no longer reported in 2025 (was €780)
- Write-downs -€9,023
no longer reported in 2025 (was €9,023)
- Other operating charges -€8,320
down €8,320 (-86.5%), from €9,620 to €1,300
- Gross operating margin +€8,260
up €8,260, from -€1,734 to €6,526
- Depreciation -€2,088
down €2,088 (-36.5%), from €5,716 to €3,627
- Financial income -€87
no longer reported in 2025 (was €87)
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 | €46,462 | €59,743 | +€13,280 | +28.6% |
| Fixed assets | 21/28 | €25,155 | €24,249 | -€905 | -3.6% |
| Tangible fixed assets | 22/27 | €25,105 | €24,199 | -€905 | -3.6% |
| Land and buildings | 22 | €25,105 | €21,577 | -€3,528 | -14.1% |
| Plant, machinery and equipment | 23 | - | €2,622 | +€2,622 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €21,308 | €35,494 | +€14,186 | +66.6% |
| Amounts receivable within one year | 40/41 | €21,308 | €10,405 | -€10,903 | -51.2% |
| Trade receivables | 40 | €197 | - | -€197 | |
| Other amounts receivable | 41 | €21,110 | €10,405 | -€10,706 | -50.7% |
| Cash at bank and in hand | 54/58 | €0 | €25,089 | +€25,089 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €46,462 | €59,743 | +€13,280 | +28.6% |
| Equity | 10/15 | €45,639 | €47,218 | +€1,579 | +3.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €103,132 | €103,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248 | €248 | = | 0.0% |
| Reserves not available under the articles | 1311 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €102,884 | €102,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,493 | -€75,914 | +€1,579 | +2.0% |
| Amounts payable | 17/49 | €823 | €12,525 | +€11,702 | +1421.5% |
| Amounts payable within one year | 42/48 | €43 | €12,525 | +€12,481 | +28719.4% |
| Trade debts | 44 | €0 | €3,481 | +€3,481 | |
| Suppliers | 440/4 | €0 | €3,481 | +€3,481 | |
| Other amounts payable | 47/48 | €43 | €9,043 | +€9,000 | +20708.7% |
| Accrued charges and deferred income | 492/3 | €780 | - | -€780 | |
| Non-recurring operating income | 76A | €875 | - | -€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,716 | €3,627 | -€2,088 | -36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,023 | - | -€9,023 | |
| Other operating charges | 640/8 | €9,620 | €1,300 | -€8,320 | -86.5% |
| Gross operating margin | 9900 | -€1,734 | €6,526 | +€8,260 | |
| Operating profit (loss) | 9901 | -€26,092 | €1,599 | +€27,691 | |
| Financial income | 75/76B | €87 | - | -€87 | |
| Recurring financial income | 75 | €87 | - | -€87 | |
| Financial charges | 65/66B | €44 | €20 | -€24 | -54.0% |
| Recurring financial charges | 65 | €44 | €20 | -€24 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,049 | €1,579 | +€27,627 | |
| Profit (loss) for the period | 9904 | -€26,049 | €1,579 | +€27,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,049 | €1,579 | +€27,627 |
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 2 October 2026 via checked.be.