ARSOMED: 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.
ARSOMED
Largest movements
- Cash -€63,703
down €63,703 (-81.3%), from €78,354 to €14,651
mainly Contributions, distributions and other (-€110,949) and Debts after one year (-€102,413)
- Intangible fixed assets -€50,000
down €50,000 (-15.4%), from €324,795 to €274,795
- Current investments +€16,164
up €16,164 (+10.9%), from €147,926 to €164,090
- Debts after one year -€102,413
down €102,413 (-100.0%), from €102,413 to €0
- Gross operating margin -€12,888
down €12,888 (-6.3%), from €203,268 to €190,380
- Financial income +€2,852
up €2,852 (+99.4%), from €2,868 to €5,720
- Taxes -€2,830
down €2,830 (-8.3%), from €33,956 to €31,126
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 | €576,326 | €485,471 | -€90,855 | -15.8% |
| Fixed assets | 21/28 | €327,522 | €279,155 | -€48,367 | -14.8% |
| Intangible fixed assets | 21 | €324,795 | €274,795 | -€50,000 | -15.4% |
| Tangible fixed assets | 22/27 | €2,728 | €4,361 | +€1,633 | +59.9% |
| Furniture and vehicles | 24 | €2,728 | €4,361 | +€1,633 | +59.9% |
| Current assets | 29/58 | €248,804 | €206,316 | -€42,488 | -17.1% |
| Amounts receivable within one year | 40/41 | €21,917 | €26,908 | +€4,991 | +22.8% |
| Trade receivables | 40 | €21,917 | €20,202 | -€1,715 | -7.8% |
| Other amounts receivable | 41 | €0 | €6,706 | +€6,706 | |
| Current investments | 50/53 | €147,926 | €164,090 | +€16,164 | +10.9% |
| Cash at bank and in hand | 54/58 | €78,354 | €14,651 | -€63,703 | -81.3% |
| Deferred charges and accrued income | 490/1 | €607 | €666 | +€59 | +9.7% |
| Total equity and liabilities | 10/49 | €576,326 | €485,471 | -€90,855 | -15.8% |
| Equity | 10/15 | €241,670 | €241,670 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €231,670 | €231,670 | = | 0.0% |
| Distributable reserves | 133 | €231,670 | €231,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €334,656 | €243,801 | -€90,855 | -27.1% |
| Amounts payable after more than one year | 17 | €102,413 | €0 | -€102,413 | -100.0% |
| Financial debts | 170/4 | €102,413 | €0 | -€102,413 | -100.0% |
| Amounts payable within one year | 42/48 | €232,243 | €243,801 | +€11,558 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €109,790 | €111,003 | +€1,212 | +1.1% |
| Trade debts | 44 | €550 | €1,016 | +€466 | +84.6% |
| Suppliers | 440/4 | €550 | €1,016 | +€466 | +84.6% |
| Taxes, remuneration and social security | 45 | €3,552 | €8,427 | +€4,875 | +137.2% |
| Taxes | 450/3 | €415 | €8,427 | +€8,012 | +1929.9% |
| Remuneration and social security | 454/9 | €3,137 | €0 | -€3,137 | -100.0% |
| Other amounts payable | 47/48 | €118,350 | €123,355 | +€5,005 | +4.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,230 | €51,231 | +€1,001 | +2.0% |
| Other operating charges | 640/8 | €528 | €694 | +€166 | +31.4% |
| Gross operating margin | 9900 | €203,268 | €190,380 | -€12,888 | -6.3% |
| Operating profit (loss) | 9901 | €152,510 | €138,455 | -€14,055 | -9.2% |
| Financial income | 75/76B | €2,868 | €5,720 | +€2,852 | +99.4% |
| Recurring financial income | 75 | €2,868 | €5,720 | +€2,852 | +99.4% |
| Financial charges | 65/66B | €3,297 | €2,100 | -€1,197 | -36.3% |
| Recurring financial charges | 65 | €3,297 | €2,100 | -€1,197 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €152,081 | €142,075 | -€10,006 | -6.6% |
| Income taxes | 67/77 | €33,956 | €31,126 | -€2,830 | -8.3% |
| Profit (loss) for the period | 9904 | €118,125 | €110,949 | -€7,176 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,125 | €110,949 | -€7,176 | -6.1% |
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 10 October 2026 via checked.be.