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
- Stocks and contracts +€24,674
up €24,674 (+371.1%), from €6,650 to €31,323
- Receivables within one year -€9,010
down €9,010 (-49.2%), from €18,328 to €9,318
- Cash -€6,394
down €6,394 (-38.0%), from €16,815 to €10,421
mainly Stocks and contracts (-€24,674) and Other debts (-€4,330)
- Tax, wage and social debts +€8,978
up €8,978 (+70.3%), from €12,768 to €21,746
of which Remuneration and social security: +€6,895
- Profit (loss) carried forward +€4,358
up €4,358 (+22.1%), from €19,694 to €24,052
- Other debts -€4,330
no longer reported in 2025 (was €4,330)
- Turnover -€171,342
down €171,342 (-20.5%), from €834,094 to €662,752
- Purchases and services -€139,799
down €139,799 (-18.5%), from €757,390 to €617,590
- Gross operating margin -€15,284
down €15,284 (-19.7%), from €77,559 to €62,275
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 | €41,793 | €51,063 | +€9,270 | +22.2% |
| Current assets | 29/58 | €41,793 | €51,063 | +€9,270 | +22.2% |
| Stocks and contracts in progress | 3 | €6,650 | €31,323 | +€24,674 | +371.1% |
| Stocks | 30/36 | €6,650 | €31,323 | +€24,674 | +371.1% |
| Amounts receivable within one year | 40/41 | €18,328 | €9,318 | -€9,010 | -49.2% |
| Other amounts receivable | 41 | €18,328 | €9,318 | -€9,010 | -49.2% |
| Cash at bank and in hand | 54/58 | €16,815 | €10,421 | -€6,394 | -38.0% |
| Total equity and liabilities | 10/49 | €41,793 | €51,063 | +€9,270 | +22.2% |
| Equity | 10/15 | €24,694 | €29,052 | +€4,358 | +17.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,694 | €24,052 | +€4,358 | +22.1% |
| Amounts payable | 17/49 | €17,098 | €22,011 | +€4,912 | +28.7% |
| Amounts payable within one year | 42/48 | €17,098 | €22,011 | +€4,912 | +28.7% |
| Trade debts | 44 | - | €264 | +€264 | |
| Suppliers | 440/4 | - | €264 | +€264 | |
| Taxes, remuneration and social security | 45 | €12,768 | €21,746 | +€8,978 | +70.3% |
| Taxes | 450/3 | €6,565 | €8,648 | +€2,083 | +31.7% |
| Remuneration and social security | 454/9 | €6,203 | €13,098 | +€6,895 | +111.1% |
| Other amounts payable | 47/48 | €4,330 | - | -€4,330 | |
| Turnover | 70 | €834,094 | €662,752 | -€171,342 | -20.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €757,390 | €617,590 | -€139,799 | -18.5% |
| Remuneration, social security and pensions | 62 | €47,384 | €54,269 | +€6,885 | +14.5% |
| Other operating charges | 640/8 | €3,891 | €3,300 | -€591 | -15.2% |
| Gross operating margin | 9900 | €77,559 | €62,275 | -€15,284 | -19.7% |
| Operating profit (loss) | 9901 | €26,284 | €4,707 | -€21,578 | -82.1% |
| Financial income | 75/76B | €175 | €811 | +€636 | +363.4% |
| Recurring financial income | 75 | €175 | €811 | +€636 | +363.4% |
| Financial charges | 65/66B | €200 | €71 | -€129 | -64.6% |
| Recurring financial charges | 65 | €200 | €71 | -€129 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €26,259 | €5,447 | -€20,812 | -79.3% |
| Income taxes | 67/77 | €6,565 | €1,089 | -€5,475 | -83.4% |
| Profit (loss) for the period | 9904 | €19,694 | €4,358 | -€15,337 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,694 | €4,358 | -€15,337 | -77.9% |
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 5 October 2026 via checked.be.