Arshdeep: 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.
Arshdeep
Largest movements
- Cash +€50,779
up €50,779 (+1392.8%), from €3,646 to €54,425
mainly Trade debts (+€40,260) and Net result for the year (+€17,552)
- Stocks and contracts -€11,125
down €11,125 (-42.1%), from €26,423 to €15,298
- Tangible fixed assets -€6,664
down €6,664 (-5.5%), from €122,173 to €115,509
- Receivables within one year +€5,622
up €5,622, from €0 to €5,622
of which Trade receivables: +€4,993
- Trade debts +€40,260
up €40,260 (+125185.6%), from €32 to €40,292
- Reserves +€17,552
up €17,552 (+67.8%), from €25,888 to €43,441
of which Distributable reserves: +€17,552
- Debts after one year -€12,936
down €12,936 (-20.8%), from €62,113 to €49,177
- Tax, wage and social debts -€6,268
down €6,268 (-24.1%), from €25,992 to €19,724
of which Remuneration and social security: -€11,700
- Gross operating margin +€20,135
up €20,135 (+98.0%), from €20,553 to €40,688
- Taxes +€4,755
up €4,755 (+290.8%), from €1,635 to €6,389
- Other operating charges +€2,670
up €2,670 (+63.7%), from €4,191 to €6,861
- Financial charges +€922
up €922 (+40.1%), from €2,300 to €3,221
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 | €152,261 | €191,094 | +€38,833 | +25.5% |
| Fixed assets | 21/28 | €122,173 | €115,730 | -€6,443 | -5.3% |
| Tangible fixed assets | 22/27 | €122,173 | €115,509 | -€6,664 | -5.5% |
| Land and buildings | 22 | €122,173 | €115,509 | -€6,664 | -5.5% |
| Financial fixed assets | 28 | €0 | €221 | +€221 | |
| Current assets | 29/58 | €30,087 | €75,364 | +€45,276 | +150.5% |
| Stocks and contracts in progress | 3 | €26,423 | €15,298 | -€11,125 | -42.1% |
| Stocks | 30/36 | €26,423 | €15,298 | -€11,125 | -42.1% |
| Amounts receivable within one year | 40/41 | €0 | €5,622 | +€5,622 | |
| Trade receivables | 40 | - | €4,993 | +€4,993 | |
| Other amounts receivable | 41 | €0 | €630 | +€630 | |
| Cash at bank and in hand | 54/58 | €3,646 | €54,425 | +€50,779 | +1392.8% |
| Deferred charges and accrued income | 490/1 | €18 | €18 | = | 0.0% |
| Total equity and liabilities | 10/49 | €152,261 | €191,094 | +€38,833 | +25.5% |
| Equity | 10/15 | €44,488 | €62,041 | +€17,552 | +39.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,888 | €43,441 | +€17,552 | +67.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,028 | €41,581 | +€17,552 | +73.0% |
| Amounts payable | 17/49 | €107,772 | €129,053 | +€21,281 | +19.7% |
| Amounts payable after more than one year | 17 | €62,113 | €49,177 | -€12,936 | -20.8% |
| Financial debts | 170/4 | €62,113 | €49,177 | -€12,936 | -20.8% |
| Amounts payable within one year | 42/48 | €45,659 | €79,876 | +€34,217 | +74.9% |
| Current portion of amounts payable after more than one year | 42 | €11,118 | €12,317 | +€1,199 | +10.8% |
| Trade debts | 44 | €32 | €40,292 | +€40,260 | +125185.6% |
| Suppliers | 440/4 | €32 | €40,292 | +€40,260 | +125185.6% |
| Advances received on contracts in progress | 46 | - | €415 | +€415 | |
| Taxes, remuneration and social security | 45 | €25,992 | €19,724 | -€6,268 | -24.1% |
| Taxes | 450/3 | €2,592 | €8,024 | +€5,432 | +209.6% |
| Remuneration and social security | 454/9 | €23,400 | €11,700 | -€11,700 | -50.0% |
| Other amounts payable | 47/48 | €8,517 | €7,128 | -€1,389 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,664 | €6,664 | = | 0.0% |
| Other operating charges | 640/8 | €4,191 | €6,861 | +€2,670 | +63.7% |
| Gross operating margin | 9900 | €20,553 | €40,688 | +€20,135 | +98.0% |
| Operating profit (loss) | 9901 | €9,698 | €27,163 | +€17,465 | +180.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,300 | €3,221 | +€922 | +40.1% |
| Recurring financial charges | 65 | €2,300 | €3,221 | +€922 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €7,400 | €23,942 | +€16,542 | +223.5% |
| Income taxes | 67/77 | €1,635 | €6,389 | +€4,755 | +290.8% |
| Profit (loss) for the period | 9904 | €5,765 | €17,552 | +€11,788 | +204.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,765 | €17,552 | +€11,788 | +204.5% |
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 30 September 2026 via checked.be.