ARSANI: 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.
ARSANI
Largest movements
- Cash +€83,268
up €83,268 (+13.4%), from €619,801 to €703,068
mainly Other debts (+€141,146) and Net result for the year (+€110,292)
- Receivables within one year -€21,207
down €21,207 (-6.1%), from €348,053 to €326,847
of which Trade receivables: -€31,704
- Other debts +€141,146
up €141,146 (+69.7%), from €202,535 to €343,682
- Reserves -€68,575
down €68,575 (-8.4%), from €819,523 to €750,948
- Tax, wage and social debts -€25,479
down €25,479 (-80.8%), from €31,539 to €6,060
- Other operating charges -€2,333
down €2,333 (-88.5%), from €2,636 to €303
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 | €1,072,294 | €1,127,432 | +€55,138 | +5.1% |
| Fixed assets | 21/28 | €103,932 | €96,233 | -€7,699 | -7.4% |
| Tangible fixed assets | 22/27 | €103,932 | €96,233 | -€7,699 | -7.4% |
| Land and buildings | 22 | €45,000 | €45,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,833 | €5,524 | +€2,691 | +95.0% |
| Furniture and vehicles | 24 | €56,098 | €45,709 | -€10,389 | -18.5% |
| Current assets | 29/58 | €968,362 | €1,031,199 | +€62,837 | +6.5% |
| Amounts receivable within one year | 40/41 | €348,053 | €326,847 | -€21,207 | -6.1% |
| Trade receivables | 40 | €343,945 | €312,241 | -€31,704 | -9.2% |
| Other amounts receivable | 41 | €4,108 | €14,605 | +€10,497 | +256% |
| Cash at bank and in hand | 54/58 | €619,801 | €703,068 | +€83,268 | +13.4% |
| Deferred charges and accrued income | 490/1 | €508 | €1,284 | +€776 | +153% |
| Total equity and liabilities | 10/49 | €1,072,294 | €1,127,432 | +€55,138 | +5.1% |
| Equity | 10/15 | €833,783 | €765,208 | -€68,575 | -8.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €819,523 | €750,948 | -€68,575 | -8.4% |
| Distributable reserves | 133 | €819,523 | €750,948 | -€68,575 | -8.4% |
| Amounts payable | 17/49 | €238,510 | €362,224 | +€123,714 | +51.9% |
| Amounts payable within one year | 42/48 | €238,510 | €362,224 | +€123,714 | +51.9% |
| Trade debts | 44 | €4,437 | €12,483 | +€8,046 | +181% |
| Suppliers | 440/4 | €4,437 | €12,483 | +€8,046 | +181% |
| Taxes, remuneration and social security | 45 | €31,539 | €6,060 | -€25,479 | -80.8% |
| Taxes | 450/3 | €31,539 | €6,060 | -€25,479 | -80.8% |
| Other amounts payable | 47/48 | €202,535 | €343,682 | +€141,146 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,232 | €17,373 | +€1,141 | +7.0% |
| Other operating charges | 640/8 | €2,636 | €303 | -€2,333 | -88.5% |
| Gross operating margin | 9900 | €175,079 | €174,814 | -€265 | -0.2% |
| Operating profit (loss) | 9901 | €156,211 | €157,138 | +€927 | +0.6% |
| Financial income | 75/76B | €623 | €196 | -€427 | -68.5% |
| Recurring financial income | 75 | €623 | €196 | -€427 | -68.5% |
| Financial charges | 65/66B | €1,242 | €1,647 | +€405 | +32.6% |
| Recurring financial charges | 65 | €1,242 | €211 | -€1,031 | -83.0% |
| Non-recurring financial charges | 66B | - | €1,437 | +€1,437 | |
| Profit (loss) for the period before taxes | 9903 | €155,592 | €155,687 | +€95 | +0.1% |
| Income taxes | 67/77 | €45,898 | €45,395 | -€503 | -1.1% |
| Profit (loss) for the period | 9904 | €109,694 | €110,292 | +€598 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,694 | €110,292 | +€598 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.