ARSLAN DAK: 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.
ARSLAN DAK
Largest movements
- Receivables within one year +€148,853
up €148,853 (+94.9%), from €156,827 to €305,680
of which Trade receivables: +€144,800
- Stocks and contracts +€47,750
up €47,750 (+108.7%), from €43,930 to €91,680
- Tangible fixed assets +€27,836
up €27,836 (+11.3%), from €245,618 to €273,455
of which Furniture and vehicles: +€37,054
- Cash -€9,922
down €9,922 (-18.0%), from €55,042 to €45,119
mainly Receivables within one year (-€148,853) and Investment in fixed assets (net) (-€62,294)
- Profit (loss) carried forward +€139,650
up €139,650 (+54.0%), from €258,409 to €398,059
- Tax, wage and social debts +€49,276
up €49,276 (+618.8%), from €7,963 to €57,239
of which Taxes: +€42,698
- Debts after one year +€33,135
up €33,135 (+18.7%), from €177,010 to €210,144
- Gross operating margin +€83,328
up €83,328 (+36.1%), from €230,944 to €314,272
- Staff costs +€45,872
up €45,872 (+109.2%), from €42,018 to €87,890
- Taxes +€10,443
up €10,443 (+30.0%), from €34,854 to €45,297
- Depreciation +€6,763
up €6,763 (+24.4%), from €27,694 to €34,458
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 | €507,023 | €725,435 | +€218,412 | +43.1% |
| Fixed assets | 21/28 | €251,018 | €278,855 | +€27,836 | +11.1% |
| Tangible fixed assets | 22/27 | €245,618 | €273,455 | +€27,836 | +11.3% |
| Land and buildings | 22 | €220,464 | €208,230 | -€12,234 | -5.5% |
| Plant, machinery and equipment | 23 | €4,768 | €7,784 | +€3,016 | +63.3% |
| Furniture and vehicles | 24 | €20,387 | €57,441 | +€37,054 | +181.8% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €256,005 | €446,580 | +€190,576 | +74.4% |
| Stocks and contracts in progress | 3 | €43,930 | €91,680 | +€47,750 | +108.7% |
| Stocks | 30/36 | €43,930 | €91,680 | +€47,750 | +108.7% |
| Amounts receivable within one year | 40/41 | €156,827 | €305,680 | +€148,853 | +94.9% |
| Trade receivables | 40 | €124,712 | €269,511 | +€144,800 | +116.1% |
| Other amounts receivable | 41 | €32,116 | €36,169 | +€4,053 | +12.6% |
| Cash at bank and in hand | 54/58 | €55,042 | €45,119 | -€9,922 | -18.0% |
| Deferred charges and accrued income | 490/1 | €206 | €4,101 | +€3,895 | +1894.8% |
| Total equity and liabilities | 10/49 | €507,023 | €725,435 | +€218,412 | +43.1% |
| Equity | 10/15 | €277,009 | €416,659 | +€139,650 | +50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,409 | €398,059 | +€139,650 | +54.0% |
| Amounts payable | 17/49 | €230,014 | €308,777 | +€78,763 | +34.2% |
| Amounts payable after more than one year | 17 | €177,010 | €210,144 | +€33,135 | +18.7% |
| Financial debts | 170/4 | €177,010 | €210,144 | +€33,135 | +18.7% |
| Amounts payable within one year | 42/48 | €53,005 | €98,632 | +€45,628 | +86.1% |
| Current portion of amounts payable after more than one year | 42 | €17,004 | €12,980 | -€4,024 | -23.7% |
| Trade debts | 44 | €11,653 | €14,690 | +€3,037 | +26.1% |
| Suppliers | 440/4 | €11,653 | €14,690 | +€3,037 | +26.1% |
| Taxes, remuneration and social security | 45 | €7,963 | €57,239 | +€49,276 | +618.8% |
| Taxes | 450/3 | €7,004 | €49,703 | +€42,698 | +609.6% |
| Remuneration and social security | 454/9 | €958 | €7,536 | +€6,578 | +686.5% |
| Other amounts payable | 47/48 | €16,385 | €13,723 | -€2,661 | -16.2% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €42,018 | €87,890 | +€45,872 | +109.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,694 | €34,458 | +€6,763 | +24.4% |
| Other operating charges | 640/8 | €1,799 | €1,854 | +€55 | +3.0% |
| Non-recurring operating charges | 66A | €6,000 | - | -€6,000 | |
| Gross operating margin | 9900 | €230,944 | €314,272 | +€83,328 | +36.1% |
| Operating profit (loss) | 9901 | €153,433 | €190,071 | +€36,639 | +23.9% |
| Financial income | 75/76B | €863 | €2,120 | +€1,257 | +145.6% |
| Recurring financial income | 75 | €863 | €2,120 | +€1,257 | +145.6% |
| Financial charges | 65/66B | €6,337 | €8,987 | +€2,650 | +41.8% |
| Recurring financial charges | 65 | €6,337 | €8,987 | +€2,650 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €147,959 | €183,205 | +€35,246 | +23.8% |
| Income taxes | 67/77 | €34,854 | €45,297 | +€10,443 | +30.0% |
| Profit (loss) for the period | 9904 | €113,105 | €137,908 | +€24,803 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,105 | €137,908 | +€24,803 | +21.9% |
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 8 October 2026 via checked.be.