ARSOTEC: 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.
ARSOTEC
Largest movements
- Tangible fixed assets -€3,126
down €3,126 (-3.1%), from €102,181 to €99,055
- Other debts -€1,129
down €1,129 (-1.5%), from €73,710 to €72,581
- Gross operating margin +€2,426
up €2,426 (+68.0%), from €3,570 to €5,995
- Other operating charges +€1,842
up €1,842 (+94.6%), from €1,946 to €3,788
- Depreciation -€352
down €352 (-10.1%), from €3,478 to €3,126
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 | €102,555 | €99,633 | -€2,922 | -2.8% |
| Fixed assets | 21/28 | €102,555 | €99,429 | -€3,126 | -3.0% |
| Tangible fixed assets | 22/27 | €102,181 | €99,055 | -€3,126 | -3.1% |
| Land and buildings | 22 | €102,181 | €99,055 | -€3,126 | -3.1% |
| Financial fixed assets | 28 | €374 | €374 | = | 0.0% |
| Current assets | 29/58 | - | €204 | +€204 | |
| Cash at bank and in hand | 54/58 | - | €204 | +€204 | |
| Total equity and liabilities | 10/49 | €102,555 | €99,633 | -€2,922 | -2.8% |
| Equity | 10/15 | €7,242 | €6,262 | -€980 | -13.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,602 | €11,602 | = | 0.0% |
| Distributable reserves | 133 | €11,602 | €11,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,760 | -€17,740 | -€980 | -5.8% |
| Amounts payable | 17/49 | €95,313 | €93,372 | -€1,942 | -2.0% |
| Amounts payable after more than one year | 17 | €19,861 | €19,861 | = | 0.0% |
| Financial debts | 170/4 | €19,861 | €19,861 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,552 | €73,511 | -€1,042 | -1.4% |
| Financial debts | 43 | €24 | - | -€24 | |
| Credit institutions | 430/8 | €24 | - | -€24 | |
| Trade debts | 44 | €818 | €930 | +€112 | +13.7% |
| Suppliers | 440/4 | €818 | €930 | +€112 | +13.7% |
| Other amounts payable | 47/48 | €73,710 | €72,581 | -€1,129 | -1.5% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,478 | €3,126 | -€352 | -10.1% |
| Other operating charges | 640/8 | €1,946 | €3,788 | +€1,842 | +94.6% |
| Gross operating margin | 9900 | €3,570 | €5,995 | +€2,426 | +68.0% |
| Operating profit (loss) | 9901 | -€1,854 | -€919 | +€936 | +50.5% |
| Financial charges | 65/66B | €75 | €61 | -€13 | -17.7% |
| Recurring financial charges | 65 | €75 | €61 | -€13 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,929 | -€980 | +€949 | +49.2% |
| Profit (loss) for the period | 9904 | -€1,929 | -€980 | +€949 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,929 | -€980 | +€949 | +49.2% |
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 5 October 2026 via checked.be.