ARSmarts: 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.
ARSmarts
Largest movements
- Cash +€6,361
up €6,361 (+7.2%), from €88,937 to €95,298
mainly Trade debts (+€5,817) and Accrued charges and deferred income (+€890)
- Trade debts +€5,817
up €5,817 (+1327.4%), from €438 to €6,256
- Turnover -€8,193
down €8,193 (-52.7%), from €15,556 to €7,363
- Purchases and services -€5,019
down €5,019 (-42.9%), from €11,702 to €6,683
- Gross operating margin -€3,175
down €3,175 (-82.4%), from €3,854 to €680
- Taxes -€654
down €654 (-95.4%), from €685 to €31
- Financial charges -€229
down €229 (-44.7%), from €512 to €283
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 | €90,538 | €96,317 | +€5,780 | +6.4% |
| Current assets | 29/58 | €90,538 | €96,317 | +€5,780 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,601 | €1,019 | -€581 | -36.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,601 | €1,019 | -€581 | -36.3% |
| Cash at bank and in hand | 54/58 | €88,937 | €95,298 | +€6,361 | +7.2% |
| Total equity and liabilities | 10/49 | €90,538 | €96,317 | +€5,780 | +6.4% |
| Equity | 10/15 | €83,714 | €83,472 | -€242 | -0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,714 | €20,472 | -€242 | -1.2% |
| Amounts payable | 17/49 | €6,824 | €12,845 | +€6,022 | +88.3% |
| Amounts payable within one year | 42/48 | €1,123 | €6,256 | +€5,132 | +456.9% |
| Trade debts | 44 | €438 | €6,256 | +€5,817 | +1327.4% |
| Suppliers | 440/4 | €438 | €6,256 | +€5,817 | +1327.4% |
| Taxes, remuneration and social security | 45 | €685 | €0 | -€685 | -100.0% |
| Taxes | 450/3 | €685 | - | -€685 | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €5,700 | €6,590 | +€890 | +15.6% |
| Turnover | 70 | €15,556 | €7,363 | -€8,193 | -52.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,702 | €6,683 | -€5,019 | -42.9% |
| Other operating charges | 640/8 | €604 | €607 | +€3 | +0.5% |
| Gross operating margin | 9900 | €3,854 | €680 | -€3,175 | -82.4% |
| Operating profit (loss) | 9901 | €3,250 | €73 | -€3,177 | -97.8% |
| Financial charges | 65/66B | €512 | €283 | -€229 | -44.7% |
| Recurring financial charges | 65 | €512 | €283 | -€229 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €2,738 | -€211 | -€2,948 | |
| Income taxes | 67/77 | €685 | €31 | -€654 | -95.4% |
| Profit (loss) for the period | 9904 | €2,053 | -€242 | -€2,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,053 | -€242 | -€2,295 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.