ARSIMAK: 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.
ARSIMAK
Largest movements
- Receivables within one year -€99,229
down €99,229 (-46.5%), from €213,467 to €114,238
of which Trade receivables: -€104,514
- Stocks and contracts +€39,850
new in 2024: €39,850
- Cash +€22,006
up €22,006 (+80.1%), from €27,488 to €49,494
mainly Receivables within one year (+€99,229) and Net result for the year (+€17,126)
- Trade debts -€44,731
down €44,731 (-34.1%), from €131,348 to €86,617
- Current portion of long-term debt -€19,980
no longer reported in 2024 (was €19,980)
- Profit (loss) carried forward +€17,126
up €17,126 (+23.9%), from €71,700 to €88,826
- Tax, wage and social debts +€11,348
up €11,348 (+171%), from €6,625 to €17,973
of which Remuneration and social security: +€5,847
- Accrued charges and deferred income -€2,944
no longer reported in 2024 (was €2,944)
- Financial income -€38,873
down €38,873 (-94.7%), from €41,045 to €2,172
- Financial charges -€30,521
down €30,521 (-96.1%), from €31,749 to €1,228
- Gross operating margin +€20,652
up €20,652 (+89.9%), from €22,981 to €43,634
- Staff costs +€14,201
new in 2024: €14,201
- Other operating charges +€7,132
up €7,132 (+1,260%), from €566 to €7,698
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,596 | €205,528 | -€37,068 | -15.3% |
| Fixed assets | 21/28 | - | €1,946 | +€1,946 | |
| Tangible fixed assets | 22/27 | - | €1,946 | +€1,946 | |
| Plant, machinery and equipment | 23 | - | €1,946 | +€1,946 | |
| Current assets | 29/58 | €242,596 | €203,582 | -€39,014 | -16.1% |
| Stocks and contracts in progress | 3 | - | €39,850 | +€39,850 | |
| Stocks | 30/36 | - | €39,850 | +€39,850 | |
| Amounts receivable within one year | 40/41 | €213,467 | €114,238 | -€99,229 | -46.5% |
| Trade receivables | 40 | €189,476 | €84,962 | -€104,514 | -55.2% |
| Other amounts receivable | 41 | €23,990 | €29,276 | +€5,285 | +22.0% |
| Cash at bank and in hand | 54/58 | €27,488 | €49,494 | +€22,006 | +80.1% |
| Deferred charges and accrued income | 490/1 | €1,642 | - | -€1,642 | |
| Total equity and liabilities | 10/49 | €242,596 | €205,528 | -€37,068 | -15.3% |
| Equity | 10/15 | €81,700 | €98,826 | +€17,126 | +21.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,700 | €88,826 | +€17,126 | +23.9% |
| Amounts payable | 17/49 | €160,896 | €106,702 | -€54,194 | -33.7% |
| Amounts payable within one year | 42/48 | €157,952 | €106,702 | -€51,251 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €19,980 | - | -€19,980 | |
| Trade debts | 44 | €131,348 | €86,617 | -€44,731 | -34.1% |
| Suppliers | 440/4 | €131,348 | €86,617 | -€44,731 | -34.1% |
| Taxes, remuneration and social security | 45 | €6,625 | €17,973 | +€11,348 | +171% |
| Taxes | 450/3 | €6,625 | €12,127 | +€5,502 | +83.0% |
| Remuneration and social security | 454/9 | - | €5,847 | +€5,847 | |
| Other amounts payable | 47/48 | - | €2,112 | +€2,112 | |
| Accrued charges and deferred income | 492/3 | €2,944 | - | -€2,944 | |
| Remuneration, social security and pensions | 62 | - | €14,201 | +€14,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €354 | +€354 | |
| Other operating charges | 640/8 | €566 | €7,698 | +€7,132 | +1,260% |
| Gross operating margin | 9900 | €22,981 | €43,634 | +€20,652 | +89.9% |
| Operating profit (loss) | 9901 | €22,415 | €21,381 | -€1,035 | -4.6% |
| Financial income | 75/76B | €41,045 | €2,172 | -€38,873 | -94.7% |
| Recurring financial income | 75 | €41,045 | €2,172 | -€38,873 | -94.7% |
| Financial charges | 65/66B | €31,749 | €1,228 | -€30,521 | -96.1% |
| Recurring financial charges | 65 | €31,749 | €1,228 | -€30,521 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €31,711 | €22,325 | -€9,386 | -29.6% |
| Income taxes | 67/77 | €3,568 | €5,199 | +€1,631 | +45.7% |
| Profit (loss) for the period | 9904 | €28,143 | €17,126 | -€11,018 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,143 | €17,126 | -€11,018 | -39.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.