ARZ: 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.
ARZ
Largest movements
- Cash -€11,731
down €11,731 (-52.3%), from €22,447 to €10,715
mainly Investment in fixed assets (net) (-€15,248) and Receivables within one year (-€10,941)
- Receivables within one year +€10,941
up €10,941 (+716.1%), from €1,528 to €12,469
- Tangible fixed assets +€5,969
up €5,969 (+71.1%), from €8,392 to €14,361
- Other debts -€6,180
down €6,180 (-32.5%), from €19,000 to €12,820
- Profit (loss) carried forward +€5,427
up €5,427 (+86.6%), from -€6,263 to -€837
- Tax, wage and social debts +€4,110
up €4,110 (+399.0%), from €1,030 to €5,140
of which Taxes: +€2,110
- Trade debts +€1,822
new in 2024: €1,822
- Gross operating margin +€7,487
up €7,487 (+57.1%), from €13,117 to €20,604
- Depreciation +€5,083
up €5,083 (+121.1%), from €4,196 to €9,279
- Taxes +€550
up €550 (+53.4%), from €1,030 to €1,580
- Other operating charges +€238
up €238 (+6.8%), from €3,519 to €3,757
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 | €32,367 | €37,545 | +€5,179 | +16.0% |
| Fixed assets | 21/28 | €8,392 | €14,361 | +€5,969 | +71.1% |
| Tangible fixed assets | 22/27 | €8,392 | €14,361 | +€5,969 | +71.1% |
| Furniture and vehicles | 24 | €8,392 | €14,361 | +€5,969 | +71.1% |
| Current assets | 29/58 | €23,974 | €23,184 | -€790 | -3.3% |
| Amounts receivable within one year | 40/41 | €1,528 | €12,469 | +€10,941 | +716.1% |
| Other amounts receivable | 41 | €1,528 | €12,469 | +€10,941 | +716.1% |
| Cash at bank and in hand | 54/58 | €22,447 | €10,715 | -€11,731 | -52.3% |
| Total equity and liabilities | 10/49 | €32,367 | €37,545 | +€5,179 | +16.0% |
| Equity | 10/15 | €12,337 | €17,763 | +€5,427 | +44.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,263 | -€837 | +€5,427 | +86.6% |
| Amounts payable | 17/49 | €20,030 | €19,782 | -€248 | -1.2% |
| Amounts payable within one year | 42/48 | €20,030 | €19,782 | -€248 | -1.2% |
| Trade debts | 44 | - | €1,822 | +€1,822 | |
| Suppliers | 440/4 | - | €1,822 | +€1,822 | |
| Taxes, remuneration and social security | 45 | €1,030 | €5,140 | +€4,110 | +399.0% |
| Taxes | 450/3 | €1,030 | €3,140 | +€2,110 | +204.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €19,000 | €12,820 | -€6,180 | -32.5% |
| Remuneration, social security and pensions | 62 | - | €193 | +€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,196 | €9,279 | +€5,083 | +121.1% |
| Other operating charges | 640/8 | €3,519 | €3,757 | +€238 | +6.8% |
| Gross operating margin | 9900 | €13,117 | €20,604 | +€7,487 | +57.1% |
| Operating profit (loss) | 9901 | €5,402 | €7,376 | +€1,974 | +36.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €318 | €369 | +€52 | +16.2% |
| Recurring financial charges | 65 | €318 | €369 | +€52 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €5,084 | €7,007 | +€1,923 | +37.8% |
| Income taxes | 67/77 | €1,030 | €1,580 | +€550 | +53.4% |
| Profit (loss) for the period | 9904 | €4,054 | €5,427 | +€1,373 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,054 | €5,427 | +€1,373 | +33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.