ARSO GROUP: 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.
ARSO GROUP
Largest movements
- Deferred charges and accrued income +€30,500
new in 2024: €30,500
- Tangible fixed assets +€15,904
up €15,904 (+359.6%), from €4,422 to €20,326
- Receivables within one year +€11,445
up €11,445 (+18.0%), from €63,557 to €75,003
of which Other amounts receivable: +€10,980
- Trade debts +€29,531
up €29,531 (+1071.9%), from €2,755 to €32,286
- Profit (loss) carried forward +€20,882
up €20,882 (+42.3%), from €49,320 to €70,202
- Tax, wage and social debts +€6,337
up €6,337 (+45.2%), from €14,008 to €20,345
- Gross operating margin -€33,082
down €33,082 (-50.5%), from €65,491 to €32,409
- Taxes -€9,346
down €9,346 (-66.8%), from €14,000 to €4,654
- Financial charges +€4,237
up €4,237 (+1446.9%), from €293 to €4,530
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.
Cash bridge derived
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 | €69,083 | €125,833 | +€56,750 | +82.1% |
| Fixed assets | 21/28 | €4,422 | €20,326 | +€15,904 | +359.6% |
| Tangible fixed assets | 22/27 | €4,422 | €20,326 | +€15,904 | +359.6% |
| Furniture and vehicles | 24 | €4,422 | €20,326 | +€15,904 | +359.6% |
| Current assets | 29/58 | €64,661 | €105,507 | +€40,846 | +63.2% |
| Amounts receivable within one year | 40/41 | €63,557 | €75,003 | +€11,445 | +18.0% |
| Trade receivables | 40 | €29,530 | €29,996 | +€466 | +1.6% |
| Other amounts receivable | 41 | €34,027 | €45,007 | +€10,980 | +32.3% |
| Cash at bank and in hand | 54/58 | €1,103 | €4 | -€1,100 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €30,500 | +€30,500 | |
| Total equity and liabilities | 10/49 | €69,083 | €125,833 | +€56,750 | +82.1% |
| Equity | 10/15 | €52,320 | €73,202 | +€20,882 | +39.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,320 | €70,202 | +€20,882 | +42.3% |
| Amounts payable | 17/49 | €16,763 | €52,631 | +€35,868 | +214.0% |
| Amounts payable within one year | 42/48 | €16,763 | €52,631 | +€35,868 | +214.0% |
| Trade debts | 44 | €2,755 | €32,286 | +€29,531 | +1071.9% |
| Suppliers | 440/4 | €2,755 | €32,286 | +€29,531 | +1071.9% |
| Taxes, remuneration and social security | 45 | €14,008 | €20,345 | +€6,337 | +45.2% |
| Taxes | 450/3 | €14,008 | €20,345 | +€6,337 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €2,100 | +€222 | +11.8% |
| Other operating charges | 640/8 | - | €244 | +€244 | |
| Gross operating margin | 9900 | €65,491 | €32,409 | -€33,082 | -50.5% |
| Operating profit (loss) | 9901 | €63,613 | €30,066 | -€33,547 | -52.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €293 | €4,530 | +€4,237 | +1446.9% |
| Recurring financial charges | 65 | €293 | €4,530 | +€4,237 | +1446.9% |
| Profit (loss) for the period before taxes | 9903 | €63,320 | €25,536 | -€37,784 | -59.7% |
| Income taxes | 67/77 | €14,000 | €4,654 | -€9,346 | -66.8% |
| Profit (loss) for the period | 9904 | €49,320 | €20,882 | -€28,438 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,320 | €20,882 | -€28,438 | -57.7% |
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 9 October 2026 via checked.be.