ARSIMMO: 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.
ARSIMMO
Largest movements
- Tangible fixed assets -€15,644
down €15,644 (-10.3%), from €151,765 to €136,120
- Deferred charges and accrued income +€3,947
new in 2025: €3,947
- Other debts -€19,450
down €19,450 (-69.6%), from €27,951 to €8,501
- Profit (loss) carried forward +€17,793
up €17,793 (+21.0%), from €84,561 to €102,353
- Current portion of long-term debt -€12,424
no longer reported in 2025 (was €12,424)
- Accrued charges and deferred income +€4,325
up €4,325 (+461.4%), from €937 to €5,263
- Purchases and services +€4,943
up €4,943 (+81.1%), from €6,093 to €11,037
- Gross operating margin -€4,846
down €4,846 (-9.4%), from €51,506 to €46,660
- Financial charges -€2,290
down €2,290 (-59.7%), from €3,837 to €1,548
- Depreciation -€1,239
down €1,239 (-7.3%), from €16,883 to €15,644
- Taxes -€540
down €540 (-8.2%), from €6,577 to €6,037
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 | €165,740 | €154,811 | -€10,929 | -6.6% |
| Fixed assets | 21/28 | €151,765 | €136,120 | -€15,644 | -10.3% |
| Tangible fixed assets | 22/27 | €151,765 | €136,120 | -€15,644 | -10.3% |
| Land and buildings | 22 | €151,765 | €136,120 | -€15,644 | -10.3% |
| Current assets | 29/58 | €13,976 | €18,691 | +€4,715 | +33.7% |
| Amounts receivable within one year | 40/41 | €482 | €482 | = | 0.0% |
| Other amounts receivable | 41 | €482 | €482 | = | 0.0% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,494 | €14,262 | +€768 | +5.7% |
| Deferred charges and accrued income | 490/1 | - | €3,947 | +€3,947 | |
| Total equity and liabilities | 10/49 | €165,740 | €154,811 | -€10,929 | -6.6% |
| Equity | 10/15 | €119,981 | €137,773 | +€17,793 | +14.8% |
| Contributions | 10/11 | €32,200 | €32,200 | = | 0.0% |
| Reserves | 13 | €3,220 | €3,220 | = | 0.0% |
| Distributable reserves | 133 | €3,220 | €3,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,561 | €102,353 | +€17,793 | +21.0% |
| Amounts payable | 17/49 | €45,760 | €17,038 | -€28,722 | -62.8% |
| Amounts payable within one year | 42/48 | €44,822 | €11,776 | -€33,047 | -73.7% |
| Current portion of amounts payable after more than one year | 42 | €12,424 | - | -€12,424 | |
| Taxes, remuneration and social security | 45 | €4,447 | €3,275 | -€1,172 | -26.4% |
| Taxes | 450/3 | €4,447 | €3,275 | -€1,172 | -26.4% |
| Other amounts payable | 47/48 | €27,951 | €8,501 | -€19,450 | -69.6% |
| Accrued charges and deferred income | 492/3 | €937 | €5,263 | +€4,325 | +461.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,093 | €11,037 | +€4,943 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,883 | €15,644 | -€1,239 | -7.3% |
| Other operating charges | 640/8 | €5,849 | €5,639 | -€210 | -3.6% |
| Gross operating margin | 9900 | €51,506 | €46,660 | -€4,846 | -9.4% |
| Operating profit (loss) | 9901 | €28,774 | €25,377 | -€3,397 | -11.8% |
| Financial charges | 65/66B | €3,837 | €1,548 | -€2,290 | -59.7% |
| Recurring financial charges | 65 | €3,837 | €1,548 | -€2,290 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €24,937 | €23,829 | -€1,107 | -4.4% |
| Income taxes | 67/77 | €6,577 | €6,037 | -€540 | -8.2% |
| Profit (loss) for the period | 9904 | €18,360 | €17,793 | -€567 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,360 | €17,793 | -€567 | -3.1% |
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 6 October 2026 via checked.be.