ARSYS: 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.
ARSYS
Largest movements
- Current investments +€256,200
up €256,200 (+2564.7%), from €9,990 to €266,190
- Cash -€214,924
down €214,924 (-48.2%), from €445,820 to €230,896
mainly Contributions, distributions and other (-€310,642) and Current investments (-€256,200)
- Receivables within one year +€122,024
up €122,024 (+211.5%), from €57,700 to €179,724
of which Other amounts receivable: +€122,024
- Tangible fixed assets -€58,389
down €58,389 (-24.4%), from €238,977 to €180,588
of which Furniture and vehicles: -€31,636
- Intangible fixed assets -€53,675
down €53,675 (-34.7%), from €154,747 to €101,072
- Other debts +€305,775
up €305,775 (+6282.3%), from €4,867 to €310,642
- Reserves -€217,089
down €217,089 (-31.9%), from €680,647 to €463,558
- Debts after one year -€39,996
down €39,996 (-24.2%), from €165,584 to €125,588
- Depreciation -€10,721
down €10,721 (-8.7%), from €122,785 to €112,064
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 | €966,576 | €1,012,286 | +€45,710 | +4.7% |
| Fixed assets | 21/28 | €393,724 | €281,660 | -€112,064 | -28.5% |
| Intangible fixed assets | 21 | €154,747 | €101,072 | -€53,675 | -34.7% |
| Tangible fixed assets | 22/27 | €238,977 | €180,588 | -€58,389 | -24.4% |
| Plant, machinery and equipment | 23 | €8,328 | €6,099 | -€2,229 | -26.8% |
| Furniture and vehicles | 24 | €109,454 | €77,818 | -€31,636 | -28.9% |
| Other tangible fixed assets | 26 | €121,195 | €96,671 | -€24,524 | -20.2% |
| Current assets | 29/58 | €572,852 | €730,626 | +€157,774 | +27.5% |
| Amounts receivable within one year | 40/41 | €57,700 | €179,724 | +€122,024 | +211.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €57,700 | €179,724 | +€122,024 | +211.5% |
| Current investments | 50/53 | €9,990 | €266,190 | +€256,200 | +2564.7% |
| Cash at bank and in hand | 54/58 | €445,820 | €230,896 | -€214,924 | -48.2% |
| Deferred charges and accrued income | 490/1 | €59,343 | €53,816 | -€5,526 | -9.3% |
| Total equity and liabilities | 10/49 | €966,576 | €1,012,286 | +€45,710 | +4.7% |
| Equity | 10/15 | €686,847 | €469,758 | -€217,089 | -31.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €680,647 | €463,558 | -€217,089 | -31.9% |
| Distributable reserves | 133 | €680,647 | €463,558 | -€217,089 | -31.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €279,729 | €542,529 | +€262,800 | +93.9% |
| Amounts payable after more than one year | 17 | €165,584 | €125,588 | -€39,996 | -24.2% |
| Financial debts | 170/4 | €165,584 | €125,588 | -€39,996 | -24.2% |
| Amounts payable within one year | 42/48 | €109,513 | €416,941 | +€307,428 | +280.7% |
| Current portion of amounts payable after more than one year | 42 | €39,441 | €39,996 | +€554 | +1.4% |
| Financial debts | 43 | €16,250 | €16,250 | = | 0.0% |
| Other loans | 439 | €16,250 | €16,250 | = | 0.0% |
| Trade debts | 44 | €25,037 | €16,278 | -€8,760 | -35.0% |
| Suppliers | 440/4 | €25,037 | €16,278 | -€8,760 | -35.0% |
| Taxes, remuneration and social security | 45 | €23,917 | €33,775 | +€9,858 | +41.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €23,917 | €33,775 | +€9,858 | +41.2% |
| Other amounts payable | 47/48 | €4,867 | €310,642 | +€305,775 | +6282.3% |
| Accrued charges and deferred income | 492/3 | €4,633 | €0 | -€4,633 | -100.0% |
| Remuneration, social security and pensions | 62 | €168,602 | €169,940 | +€1,338 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,785 | €112,064 | -€10,721 | -8.7% |
| Other operating charges | 640/8 | €5,044 | €5,617 | +€573 | +11.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €421,797 | €423,301 | +€1,504 | +0.4% |
| Operating profit (loss) | 9901 | €125,366 | €135,680 | +€10,314 | +8.2% |
| Financial income | 75/76B | €10,309 | €9,495 | -€815 | -7.9% |
| Recurring financial income | 75 | €10,309 | €9,495 | -€815 | -7.9% |
| Financial charges | 65/66B | €5,584 | €5,190 | -€394 | -7.1% |
| Recurring financial charges | 65 | €5,584 | €5,190 | -€394 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €130,091 | €139,984 | +€9,893 | +7.6% |
| Income taxes | 67/77 | €42,519 | €46,431 | +€3,912 | +9.2% |
| Profit (loss) for the period | 9904 | €87,572 | €93,553 | +€5,981 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,572 | €93,553 | +€5,981 | +6.8% |
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.