ARSÈNE: 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.
ARSÈNE
Largest movements
- Cash -€46,200
down €46,200 (-94.8%), from €48,736 to €2,536
mainly Tax, wage and social debts (-€20,353) and Trade debts (-€12,123)
- Receivables within one year +€8,990
up €8,990 (+161.5%), from €5,566 to €14,556
of which Trade receivables: +€11,288
- Intangible fixed assets -€2,795
down €2,795 (-39.9%), from €7,004 to €4,209
- Tax, wage and social debts -€20,353
down €20,353 (-96.9%), from €20,997 to €644
- Trade debts -€12,123
down €12,123 (-57.4%), from €21,119 to €8,996
- Profit (loss) carried forward -€7,612
down €7,612 (-12.8%), from -€59,646 to -€67,258
- Purchases and services +€28,656
new in 2025: €28,656
- Turnover +€25,281
new in 2025: €25,281
- Gross operating margin -€19,793
down €19,793, from €16,418 to -€3,374
- Financial charges -€1,373
down €1,373 (-88.7%), from €1,548 to €175
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 | €61,470 | €21,382 | -€40,088 | -65.2% |
| Fixed assets | 21/28 | €7,167 | €4,290 | -€2,877 | -40.1% |
| Intangible fixed assets | 21 | €7,004 | €4,209 | -€2,795 | -39.9% |
| Tangible fixed assets | 22/27 | €164 | €81 | -€82 | -50.4% |
| Land and buildings | 22 | - | €0 | = | |
| Furniture and vehicles | 24 | €164 | €81 | -€82 | -50.4% |
| Current assets | 29/58 | €54,302 | €17,092 | -€37,210 | -68.5% |
| Amounts receivable within one year | 40/41 | €5,566 | €14,556 | +€8,990 | +161.5% |
| Trade receivables | 40 | €3,268 | €14,556 | +€11,288 | +345.4% |
| Other amounts receivable | 41 | €2,298 | - | -€2,298 | |
| Cash at bank and in hand | 54/58 | €48,736 | €2,536 | -€46,200 | -94.8% |
| Total equity and liabilities | 10/49 | €61,470 | €21,382 | -€40,088 | -65.2% |
| Equity | 10/15 | €19,354 | €11,742 | -€7,612 | -39.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,646 | -€67,258 | -€7,612 | -12.8% |
| Amounts payable | 17/49 | €42,116 | €9,640 | -€32,476 | -77.1% |
| Amounts payable within one year | 42/48 | €42,116 | €9,640 | -€32,476 | -77.1% |
| Trade debts | 44 | €21,119 | €8,996 | -€12,123 | -57.4% |
| Suppliers | 440/4 | €21,119 | €8,996 | -€12,123 | -57.4% |
| Taxes, remuneration and social security | 45 | €20,997 | €644 | -€20,353 | -96.9% |
| Taxes | 450/3 | €20,997 | €644 | -€20,353 | -96.9% |
| Turnover | 70 | - | €25,281 | +€25,281 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €28,656 | +€28,656 | |
| Remuneration, social security and pensions | 62 | €163 | - | -€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,914 | €2,877 | -€37 | -1.3% |
| Other operating charges | 640/8 | €1,103 | €1,188 | +€85 | +7.7% |
| Non-recurring operating charges | 66A | €1,784 | - | -€1,784 | |
| Gross operating margin | 9900 | €16,418 | -€3,374 | -€19,793 | |
| Operating profit (loss) | 9901 | €10,454 | -€7,440 | -€17,894 | |
| Financial income | 75/76B | €152 | €3 | -€149 | -97.9% |
| Recurring financial income | 75 | €152 | €1 | -€152 | -99.6% |
| Non-recurring financial income | 76B | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,548 | €175 | -€1,373 | -88.7% |
| Recurring financial charges | 65 | €1,548 | €175 | -€1,373 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €9,058 | -€7,612 | -€16,669 | |
| Income taxes | 67/77 | €30 | - | -€30 | |
| Profit (loss) for the period | 9904 | €9,028 | -€7,612 | -€16,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,028 | -€7,612 | -€16,640 |
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 7 October 2026 via checked.be.