Arzaak: 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.
Arzaak
Largest movements
- Receivables within one year -€7,389
down €7,389 (-9.7%), from €75,935 to €68,546
of which Trade receivables: -€20,142
- Tangible fixed assets +€4,042
new in 2025: €4,042
- Trade debts -€16,706
down €16,706 (-49.8%), from €33,522 to €16,816
of which Suppliers: -€18,106
- Profit (loss) carried forward +€11,707
up €11,707 (+31.8%), from €36,837 to €48,544
- Turnover -€257,261
no longer reported in 2025 (was €257,261)
- Purchases and services -€191,619
no longer reported in 2025 (was €191,619)
- Gross operating margin -€44,229
down €44,229 (-67.4%), from €65,642 to €21,412
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.
Derived cash bridge
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 | €80,282 | €76,539 | -€3,744 | -4.7% |
| Fixed assets | 21/28 | - | €4,042 | +€4,042 | |
| Tangible fixed assets | 22/27 | - | €4,042 | +€4,042 | |
| Furniture and vehicles | 24 | - | €4,042 | +€4,042 | |
| Current assets | 29/58 | €80,282 | €72,497 | -€7,786 | -9.7% |
| Amounts receivable within one year | 40/41 | €75,935 | €68,546 | -€7,389 | -9.7% |
| Trade receivables | 40 | €41,054 | €20,912 | -€20,142 | -49.1% |
| Other amounts receivable | 41 | €34,881 | €47,634 | +€12,753 | +36.6% |
| Cash at bank and in hand | 54/58 | €4,173 | €3,774 | -€399 | -9.6% |
| Deferred charges and accrued income | 490/1 | €174 | €177 | +€3 | +1.7% |
| Total equity and liabilities | 10/49 | €80,282 | €76,539 | -€3,744 | -4.7% |
| Equity | 10/15 | €39,837 | €51,544 | +€11,707 | +29.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,837 | €48,544 | +€11,707 | +31.8% |
| Amounts payable | 17/49 | €40,445 | €24,995 | -€15,450 | -38.2% |
| Amounts payable within one year | 42/48 | €40,445 | €24,345 | -€16,100 | -39.8% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €33,522 | €16,816 | -€16,706 | -49.8% |
| Suppliers | 440/4 | €33,522 | €15,416 | -€18,106 | -54.0% |
| Bills of exchange payable | 441 | - | €1,400 | +€1,400 | |
| Taxes, remuneration and social security | 45 | €6,923 | €7,511 | +€588 | +8.5% |
| Taxes | 450/3 | €6,923 | €7,511 | +€588 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €650 | +€650 | |
| Turnover | 70 | €257,261 | - | -€257,261 | |
| Goods, raw materials, services and sundry goods | 60/61 | €191,619 | - | -€191,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,697 | +€1,697 | |
| Other operating charges | 640/8 | €448 | €2,074 | +€1,626 | +363% |
| Non-recurring operating charges | 66A | €43,850 | - | -€43,850 | |
| Gross operating margin | 9900 | €65,642 | €21,412 | -€44,229 | -67.4% |
| Operating profit (loss) | 9901 | €21,344 | €17,642 | -€3,702 | -17.3% |
| Financial income | 75/76B | €112 | €339 | +€227 | +203% |
| Recurring financial income | 75 | €112 | €339 | +€227 | +203% |
| Financial charges | 65/66B | €590 | €3,112 | +€2,523 | +428% |
| Recurring financial charges | 65 | €590 | €3,112 | +€2,523 | +428% |
| Profit (loss) for the period before taxes | 9903 | €20,866 | €14,868 | -€5,998 | -28.7% |
| Income taxes | 67/77 | €4,466 | €3,162 | -€1,305 | -29.2% |
| Profit (loss) for the period | 9904 | €16,400 | €11,707 | -€4,693 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,400 | €11,707 | -€4,693 | -28.6% |
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 13 October 2026 via checked.be.