ARSIS: 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.
ARSIS
Largest movements
- Cash -€19,266
down €19,266 (-30.7%), from €62,709 to €43,443
mainly Net result for the year (-€26,856) and Trade debts (-€1,706)
- Tangible fixed assets -€5,941
down €5,941 (-50.3%), from €11,808 to €5,867
of which Plant, machinery and equipment: -€3,802
- Receivables within one year -€5,020
down €5,020 (-39.9%), from €12,596 to €7,576
of which Trade receivables: -€5,853
- Profit (loss) carried forward -€26,856
down €26,856, from €7,803 to -€19,053
- Trade debts -€1,706
down €1,706 (-66.1%), from €2,580 to €874
- Tax, wage and social debts -€1,257
down €1,257 (-23.5%), from €5,349 to €4,092
of which Taxes: -€1,257
- Gross operating margin -€8,577
down €8,577 (-226%), from -€3,792 to -€12,368
- Other operating charges +€7,855
up €7,855 (+1,094%), from €718 to €8,574
- Depreciation -€1,810
down €1,810 (-23.4%), from €7,751 to €5,941
- Financial charges +€238
up €238, from -€142 to €96
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 | €88,759 | €58,485 | -€30,274 | -34.1% |
| Fixed assets | 21/28 | €11,808 | €5,867 | -€5,941 | -50.3% |
| Tangible fixed assets | 22/27 | €11,808 | €5,867 | -€5,941 | -50.3% |
| Land and buildings | 22 | €2,871 | €1,914 | -€957 | -33.3% |
| Plant, machinery and equipment | 23 | €6,724 | €2,921 | -€3,802 | -56.6% |
| Furniture and vehicles | 24 | €2,212 | €1,031 | -€1,181 | -53.4% |
| Current assets | 29/58 | €76,951 | €52,618 | -€24,333 | -31.6% |
| Stocks and contracts in progress | 3 | €400 | €400 | = | 0.0% |
| Stocks | 30/36 | €400 | €400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,596 | €7,576 | -€5,020 | -39.9% |
| Trade receivables | 40 | €12,552 | €6,699 | -€5,853 | -46.6% |
| Other amounts receivable | 41 | €44 | €877 | +€833 | +1,893% |
| Cash at bank and in hand | 54/58 | €62,709 | €43,443 | -€19,266 | -30.7% |
| Deferred charges and accrued income | 490/1 | €1,246 | €1,199 | -€47 | -3.8% |
| Total equity and liabilities | 10/49 | €88,759 | €58,485 | -€30,274 | -34.1% |
| Equity | 10/15 | €78,599 | €51,743 | -€26,856 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,195 | €52,195 | = | 0.0% |
| Distributable reserves | 133 | €52,195 | €52,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,803 | -€19,053 | -€26,856 | |
| Amounts payable | 17/49 | €10,160 | €6,742 | -€3,418 | -33.6% |
| Amounts payable within one year | 42/48 | €10,160 | €6,742 | -€3,418 | -33.6% |
| Trade debts | 44 | €2,580 | €874 | -€1,706 | -66.1% |
| Suppliers | 440/4 | €2,580 | €874 | -€1,706 | -66.1% |
| Taxes, remuneration and social security | 45 | €5,349 | €4,092 | -€1,257 | -23.5% |
| Taxes | 450/3 | €1,257 | - | -€1,257 | |
| Remuneration and social security | 454/9 | €4,092 | €4,092 | = | 0.0% |
| Other amounts payable | 47/48 | €2,231 | €1,776 | -€456 | -20.4% |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,751 | €5,941 | -€1,810 | -23.4% |
| Other operating charges | 640/8 | €718 | €8,574 | +€7,855 | +1,094% |
| Gross operating margin | 9900 | -€3,792 | -€12,368 | -€8,577 | -226% |
| Operating profit (loss) | 9901 | -€12,260 | -€26,883 | -€14,622 | -119% |
| Financial income | 75/76B | €147 | €122 | -€25 | -16.7% |
| Recurring financial income | 75 | €147 | €122 | -€25 | -16.7% |
| Financial charges | 65/66B | -€142 | €96 | +€238 | |
| Recurring financial charges | 65 | -€142 | €96 | +€238 | |
| Profit (loss) for the period before taxes | 9903 | -€11,972 | -€26,856 | -€14,884 | -124% |
| Profit (loss) for the period | 9904 | -€11,972 | -€26,856 | -€14,884 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,972 | -€26,856 | -€14,884 | -124% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.